Funding you earn now, next payment 07:00 UTC+0.0361%/8h= +39.5% APRnext payment +$0.45 per $10,000 · paid last 24h +0.102%
Price spread now: Phoenix against Deribit+0.086%7-day average +0.103% · you sell dearer than you buy
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$54as in the Price arb table
costs, in and out, $10k−$520.519% of the position
Funding, last 4 days (all we have)+0.175%+$18 on $10k
+Price spread, last 4 days (all we have)+0.009%+$1 · spread now +0.086%, 7d avg +0.103%
=The price spread sits at its 7-day average of +0.103%, so right now this pair is about funding alone: +$11 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 | 186.62 | −0.0232 | get 0.0029% / 1h | 34m 45s | $49K | $347K | 10x |
| Short | Phoenix SKHY | 186.78 | 0.0129 | get 0.0016% / 1h | 34m 45s | $209K | $123K | 10x |
Deribit SKHY_USDC-PERPETUAL
Phoenix SKHYFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phoenix 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
- $75.77
- Price spread: +0.086% → +0.103%
- −$1.76
- Slippage, 4 orders
- −$37.94
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- $22.07
- Costs to cover
- 0.519%
- Break-even
- 5.0 days
Slippage from Deribit: live order book, 4 min ago; Phoenix: live order book, 62 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, 4 min ago | 6.70 bp | 16.4 bp −$16 | 19.5 bp −$195 | doesn't fit | doesn't fit |
| Sell Phoenix live order book, 62 min ago | 3.75 bp | 12.7 bp −$13 | 27.5 bp −$275 | doesn't fit | 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 | |
|---|---|---|---|---|---|---|---|---|
| Bitget SKHYUSDT | −0.1281% | 8h | 186.84 | +0.118% | $25.4M | $33.1M | 20x | as long as short |
| edgeX SKHYUSDC | −0.0749% | 4h | 186.53 | −0.046% | $562K | $291K | 10x | as long as short |
| Kraken Futures PF_SKHYUSD | −0.0266% | 1h | 186.65 | +0.014% | $48K | $21K | 20x | as long as short |
| Deribit SKHY_USDC-PERPETUALlong | −0.0232% | 1h | 186.62 | long leg | $49K | $347K | 10x | |
| tradeXYZ xyz:SKHY | −0.0229% | 1h | 186.55 | −0.038% | $158.5M | $76.9M | 10x | as long as short |
| Nado SKHY-PERP | −0.0185% | 1h | 186.74 | +0.066% | $33K | $28K | 10x | as long as short |
| Popdex SKHYUSDT | −0.0152% | 1h | 186.57 | −0.027% | $204K | $289K | 20x | as long as short |
| Polymarket Perps SKHY-USD | −0.0141% | 1h | 186.48 | −0.075% | $180K | $487K | 10x | as long as short |
| Coinbase International SKHY-PERP-INTX | −0.0072% | 1h | 187.58 | +0.514% | $68K | $905K | 10x | as long as short |
| QFEX SKHY-USD | −0.0061% | 1h | 186.57 | −0.027% | $1.2M | $4.3M | 10x | as long as short |
Bitget SKHYUSDT
edgeX SKHYUSDC
Kraken Futures PF_SKHYUSD
tradeXYZ xyz:SKHY
Nado SKHY-PERP
Popdex SKHYUSDT
Polymarket Perps SKHY-USD
Coinbase International SKHY-PERP-INTX
QFEX SKHY-USDShow all 31 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin SKHYUSDTM | −0.0034% | 8h | 186.56 | −0.032% | $1.1M | $328K | 20x | as long as short |
| Lighter SKHY | −0.0024% | 1h | 186.54 | −0.043% | $974K | $1.2M | 10x | as long as short |
| Aster SKHYUSDT | 0.0000% | 8h | 186.71 | +0.049% | $223K | $925K | 50x | as long as short |
| Extended SKHY-USD | 0.0000% | 1h | 186.60 | −0.011% | $54K | $7K | 10x | as long as short |
| Binance SKHYUSDT | 0.0000% | 8h | 186.60 | −0.011% | $200.6M | $450.4M | 50x | as long as short |
| Bybit SKHYUSDT | 0.0000% | 8h | 186.68 | +0.032% | $16.7M | $29.4M | 100x | as long as short |
| OKX SKHY-USDT-SWAP | 0.0000% | 8h | 186.61 | −0.005% | $44.7M | $79.7M | 50x | as long as short |
| Gate SKHY_USDT | 0.0000% | 8h | 186.64 | +0.011% | $25.6M | $21.0M | 75x | as long as short |
| Variational Omni SKHY | 0.0000% | 8h | 186.58 | −0.022% | $1.6M | $1.0M | — | as long as short |
| GRVT SKHY_USDT_Perp | 0.0000% | 8h | 186.65 | +0.016% | $22K | $233K | 10x | as long as short |
| SunX SKHY-USDT | 0.0000% | 8h | 186.87 | +0.134% | $684 | $6.1M | 10x | as long as short |
| HTX SKHY-USDT | 0.0000% | 8h | 186.56 | −0.032% | $155K | $363K | 50x | as long as short |
| Phemex SKHYUSDT | 0.0000% | 8h | 186.62 | 0.000% | $1.5M | $1.1M | 10x | as long as short |
| Ondo Perps SKHY-USD.P | +0.0015% | 1h | 186.41 | −0.113% | $521K | $2.6M | 10x | as long as short |
| Lighter RH SKHY | +0.0032% | 1h | 186.53 | −0.048% | $1.1M | $1.5M | 10x | as long as short |
| Arcus SKHY-USD | +0.0040% | 1h | 186.59 | −0.016% | $60K | $171K | 10x | as long as short |
| Vest SKHY-USD-PERP | +0.0046% | 1h | 186.60 | −0.011% | — | $32K | 10x | as long as short |
| SoDEX SKHY-USD | +0.0050% | 1h | 186.61 | −0.005% | $41K | $12K | 10x | as long as short |
| Orderly PERP_SKHY_USDC_mythos | +0.0100% | 8h | 186.57 | −0.027% | $2K | $4K | 10x | as long as short |
| BloFin SKHY-USDT | +0.0120% | 8h | 186.61 | −0.005% | $2.2M | $426K | 50x | as long as short |
| Phoenix SKHYshort | +0.0129% | 1h | 186.78 | +0.086% | $209K | $123K | 10x |
KuCoin SKHYUSDTM
Lighter SKHY
Aster SKHYUSDT
Extended SKHY-USD
Binance SKHYUSDT
Bybit SKHYUSDT
OKX SKHY-USDT-SWAP
Gate SKHY_USDT
Variational Omni SKHY
GRVT SKHY_USDT_Perp
SunX SKHY-USDT
HTX SKHY-USDT
Phemex SKHYUSDT
Ondo Perps SKHY-USD.P
Lighter RH SKHY
Arcus SKHY-USD
Vest SKHY-USD-PERP
SoDEX SKHY-USD
Orderly PERP_SKHY_USDC_mythos
BloFin SKHY-USDT