SKHY

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0127%/8h= +13.9% APRnext payment +$0.16 per $10,000 · paid last 24h +0.010%

Price spread now: Coinbase International against Deribit−0.540%7-day average +0.113% · 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−$120as in the Price arb table

costs, in and out, $10k−$550.545% of the position

Long on Deribit Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.015%+$2 on $10k

Price spread, last 4 days (all we have)+0.697%+$70 · spread now −0.540%, 7d avg +0.113%

Together, before fees+0.712%+$71 on $10k · with fees, hour by hour

Funding pays, the price is against you. Coinbase International is 0.652% cheaper against Deribit than usual: you would sell low and buy high (spread −0.540% now, against its 7-day average of +0.113%). If the spread goes back, that is −$65 on $10k: about 17 days of funding at the current rate (+$4 a day). At the pace of the last 4 days (+0.015% in total) that is about 6 months.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit SKHY_USDC-PERPETUAL	187.09	−0.0071	get 0.0009% / 1h	7m 52s	$24K	$440K	10x
Short	Coinbase International SKHY-PERP-INTX	186.08	0.0056	get 0.0007% / 1h	7m 52s	$110K	$774K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against Deribit. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee DeribitbpFee Coinbase InternationalbpOrdersPrice spread, now −0.540%Rate

Funding earned: $26.58
Price spread: −0.540% → +0.113%: −$65.25
Slippage, 4 orders: −$37.53
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$93.2
Costs to cover: 0.545%
Break-even: 31.5 days

Slippage from Deribit: live order book, 43 min ago; Coinbase International: live order book, 43 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, 43 min ago	3.76 bp	20.0 bp −$20	25.2 bp −$252	doesn't fit	doesn't fit
Sell Coinbase International live order book, 43 min ago	8.60 bp	13.6 bp −$14	21.4 bp −$214	doesn't fit	doesn't fit

SKHY on 31 exchanges

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
Bitget SKHYUSDT	−0.0674%	8h	187.04	−0.027%	$25.8M	$35.8M	20x	as long as short
edgeX SKHYUSDC	−0.0616%	4h	186.82	−0.142%	$563K	$285K	10x	as long as short
KuCoin SKHYUSDTM	−0.0128%	8h	186.93	−0.086%	$1.1M	$452K	20x	as long as short
Deribit SKHY_USDC-PERPETUALlong	−0.0071%	1h	187.09	long leg	$24K	$440K	10x
Nado SKHY-PERP	−0.0009%	1h	186.94	−0.080%	$32K	$28K	10x	as long as short
QFEX SKHY-USD	−0.0005%	1h	186.83	−0.139%	$1.2M	$4.3M	10x	as long as short
Aster SKHYUSDT	0.0000%	8h	186.91	−0.095%	$263K	$910K	50x	as long as short
Extended SKHY-USD	0.0000%	1h	186.88	−0.112%	$54K	$7K	10x	as long as short
Binance SKHYUSDT	0.0000%	8h	186.91	−0.096%	$197.5M	$466.9M	50x	as long as short
Bybit SKHYUSDT	0.0000%	8h	187.01	−0.043%	$16.2M	$33.9M	100x	as long as short

Show all 31 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX SKHY-USDT-SWAP	0.0000%	8h	186.94	−0.080%	$44.4M	$83.9M	50x	as long as short
Gate SKHY_USDT	0.0000%	8h	186.91	−0.096%	$25.2M	$21.8M	75x	as long as short
Variational Omni SKHY	0.0000%	8h	186.84	−0.132%	$1.5M	$1.0M	—	as long as short
GRVT SKHY_USDT_Perp	0.0000%	8h	186.88	−0.113%	$22K	$251K	10x	as long as short
SunX SKHY-USDT	0.0000%	8h	187.15	+0.032%	$685	$5.5M	10x	as long as short
HTX SKHY-USDT	0.0000%	8h	186.87	−0.118%	$155K	$375K	50x	as long as short
Phemex SKHYUSDT	0.0000%	8h	186.92	−0.091%	$1.5M	$1.1M	10x	as long as short
tradeXYZ xyz:SKHY	+0.0011%	1h	186.97	−0.064%	$158.2M	$77.2M	10x	as long as short
Lighter SKHY	+0.0032%	1h	187.07	−0.011%	$987K	$1.3M	10x	as long as short
Lighter RH SKHY	+0.0032%	1h	186.95	−0.075%	$1.1M	$1.5M	10x	as long as short
Arcus SKHY-USD	+0.0040%	1h	186.83	−0.139%	$60K	$128K	10x	as long as short
Vest SKHY-USD-PERP	+0.0046%	1h	186.89	−0.107%	—	$39K	10x	as long as short
Popdex SKHYUSDT	+0.0048%	1h	186.91	−0.096%	$199K	$302K	20x	as long as short
Polymarket Perps SKHY-USD	+0.0050%	1h	186.86	−0.123%	$180K	$351K	10x	as long as short
SoDEX SKHY-USD	+0.0050%	1h	186.91	−0.096%	$41K	$12K	10x	as long as short
Ondo Perps SKHY-USD.P	+0.0050%	1h	186.68	−0.219%	$522K	$2.5M	10x	as long as short
Coinbase International SKHY-PERP-INTXshort	+0.0056%	1h	186.08	−0.540%	$110K	$774K	10x
Orderly PERP_SKHY_USDC_mythos	+0.0100%	8h	186.92	−0.091%	$2K	$4K	10x	as long as short
BloFin SKHY-USDT	+0.0120%	8h	186.90	−0.102%	$2.2M	$454K	50x	as long as short
Phoenix SKHY	+0.0257%	1h	186.95	−0.075%	$209K	$123K	10x	as long as short
Kraken Futures PF_SKHYUSD	+0.0754%	1h	186.87	−0.120%	$51K	$36K	20x	as long as short