Funding you earn now, next payment 04:00 UTC−0.0061%/8h= −6.7% APRpaid last 24h +0.006%
Price spread now: Bybit against Deribit−0.010%7-day average −0.017% · you buy dearer than you sell
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$43as in the Price arb table
costs, in and out, $10k−$440.437% of the position
Funding, last 4 days (all we have)+0.041%+$4 on $10k
+Price spread, last 4 days (all we have)+0.024%+$2 · spread now −0.010%, 7d avg −0.017%
=The price spread sits at its 7-day average of −0.017%, so right now this pair is about funding alone: −$2 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Deribit SKHY_USDC-PERPETUAL | 193.15 | 0.0061 | pay 0.0008% / 1h | 35m 58s | $49K | $316K | 10x |
| Short | Bybit SKHYUSDT | 193.13 | 0 | get 0.0000% / 8h | 4h 35m | $15.7M | $27.5M | 100x |
Deribit SKHY_USDC-PERPETUAL
Bybit SKHYUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit against Deribit. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$12.76
- Price spread: −0.010% → −0.017%
- $0.62
- Slippage, 4 orders
- −$25.72
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$55.85
- Costs to cover
- 0.437%
- Break-even
- never at this rate
Slippage from Deribit: live order book, 23 min ago; Bybit: live order book, 3 min ago.
Cost to enter
taker fee + slippage from the mid, one side; closing costs about the same again| Leg | Half-spread | $10k | $100k | $1M | $5M |
|---|---|---|---|---|---|
| Buy Deribit live order book, 23 min ago | 4.40 bp | 12.5 bp −$13 | 16.4 bp −$164 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 3 min ago | 0.26 bp | 7.4 bp −$7 | 11.1 bp −$111 | 74.0 bp −$7,403 | doesn't fit |
SKHY on 31 venues
lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| edgeX SKHYUSDC | −0.0048% | 4h | 192.97 | −0.096% | $582K | $290K | 10x | as long as short |
| Coinbase International SKHY-PERP-INTX | −0.0048% | 1h | 192.84 | −0.160% | $45K | $861K | 10x | as long as short |
| Aster SKHYUSDT | 0.0000% | 8h | 193.11 | −0.023% | $249K | $889K | 50x | as long as short |
| Extended SKHY-USD | 0.0000% | 1h | 193.06 | −0.046% | $56K | $7K | 10x | as long as short |
| Binance SKHYUSDT | 0.0000% | 8h | 193.13 | −0.011% | $204.4M | $392.7M | 50x | as long as short |
| Bybit SKHYUSDTshort | 0.0000% | 8h | 193.13 | −0.010% | $15.7M | $27.5M | 100x | |
| OKX SKHY-USDT-SWAP | 0.0000% | 8h | 193.10 | −0.026% | $46.6M | $69.9M | 50x | as long as short |
| Gate SKHY_USDT | 0.0000% | 8h | 193.10 | −0.026% | $25.8M | $18.8M | 75x | as long as short |
| Variational Omni SKHY | 0.0000% | 8h | 193.08 | −0.036% | $1.6M | $1.1M | — | as long as short |
| GRVT SKHY_USDT_Perp | 0.0000% | 8h | 193.09 | −0.032% | $22K | $201K | 10x | as long as short |
edgeX SKHYUSDC
Coinbase International SKHY-PERP-INTX
Aster SKHYUSDT
Extended SKHY-USD
Binance SKHYUSDT
OKX SKHY-USDT-SWAP
Gate SKHY_USDT
Variational Omni SKHY
GRVT SKHY_USDT_PerpShow all 31 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| SunX SKHY-USDT | 0.0000% | 8h | 193.41 | +0.135% | $708 | $6.3M | 10x | as long as short |
| HTX SKHY-USDT | 0.0000% | 8h | 193.05 | −0.052% | $161K | $367K | 50x | as long as short |
| Phemex SKHYUSDT | 0.0000% | 8h | 193.13 | −0.010% | $1.5M | $1.1M | 10x | as long as short |
| QFEX SKHY-USD | +0.0015% | 1h | 193.09 | −0.031% | $1.2M | $4.1M | 10x | as long as short |
| Lighter SKHY | +0.0032% | 1h | 192.99 | −0.083% | $1.0M | $686K | 10x | as long as short |
| Lighter RH SKHY | +0.0032% | 1h | 192.98 | −0.088% | $1.1M | $1.6M | 10x | as long as short |
| Arcus SKHY-USD | +0.0040% | 1h | 193.02 | −0.067% | $57K | $154K | 10x | as long as short |
| Vest SKHY-USD-PERP | +0.0046% | 1h | 193.08 | −0.036% | — | $12K | 10x | as long as short |
| Popdex SKHYUSDT | +0.0048% | 1h | 193.10 | −0.026% | $201K | $255K | 20x | as long as short |
| tradeXYZ xyz:SKHY | +0.0048% | 1h | 193.03 | −0.062% | $161.5M | $67.7M | 10x | as long as short |
| Polymarket Perps SKHY-USD | +0.0050% | 1h | 193.02 | −0.067% | $189K | $456K | 10x | as long as short |
| SoDEX SKHY-USD | +0.0050% | 1h | 193.05 | −0.052% | $43K | $13K | 10x | as long as short |
| Ondo Perps SKHY-USD.P | +0.0050% | 1h | 193.03 | −0.062% | $574K | $2.3M | 10x | as long as short |
| Deribit SKHY_USDC-PERPETUALlong | +0.0061% | 1h | 193.15 | long leg | $49K | $316K | 10x | |
| KuCoin SKHYUSDTM | +0.0100% | 8h | 193.06 | −0.047% | $1.1M | $304K | 20x | as long as short |
| Orderly PERP_SKHY_USDC_mythos | +0.0100% | 8h | 193.11 | −0.021% | $2K | $4K | 10x | as long as short |
| BloFin SKHY-USDT | +0.0120% | 8h | 193.13 | −0.010% | $2.2M | $437K | 50x | as long as short |
| Nado SKHY-PERP | +0.0139% | 1h | 193.12 | −0.016% | $38K | $26K | 10x | as long as short |
| Bitget SKHYUSDT | +0.0159% | 8h | 193.15 | 0.000% | $25.3M | $26.9M | 20x | as long as short |
| Phoenix SKHY | +0.0372% | 1h | 193.09 | −0.031% | $216K | $124K | 10x | as long as short |
| Kraken Futures PF_SKHYUSD | +0.1058% | 1h | 193.18 | +0.015% | $50K | $18K | 20x | as long as short |
SunX SKHY-USDT
HTX SKHY-USDT
Phemex SKHYUSDT
QFEX SKHY-USD
Lighter SKHY
Lighter RH SKHY
Arcus SKHY-USD
Vest SKHY-USD-PERP
Popdex SKHYUSDT
tradeXYZ xyz:SKHY
Polymarket Perps SKHY-USD
SoDEX SKHY-USD
Ondo Perps SKHY-USD.P
KuCoin SKHYUSDTM
Orderly PERP_SKHY_USDC_mythos
BloFin SKHY-USDT
Nado SKHY-PERP
Bitget SKHYUSDT
Phoenix SKHY
Kraken Futures PF_SKHYUSD