Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: Phemex against Gate+0.299%7-day average +0.025% · you sell dearer than you buy
Net, funding: paid 7d − costs−$128as in the Funding arb table
Net, price: spread back to 7d avg − costs−$100as in the Price arb table
costs, in and out, $10k−$1281.276% of the position
Funding, last 7 days0.000%$0 on $10k
+Price spread, last 4 days (all we have)−0.294%−$29 · spread now +0.299%, 7d avg +0.025%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Phemex is 0.274% dearer against Gate than usual: you sell high and buy low, +$27 on $10k if it goes back to its 7-day average of +0.025%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Gate SKHY_USDT | 190.48 | 0 | get 0.0000% / 8h | 3h 41m | $25.6M | $19.4M | 75x |
| Short | Phemex SKHYUSDT | 191.05 | 0 | get 0.0000% / 8h | 3h 41m | $1.5M | $1.1M | 10x |
Gate SKHY_USDT
Phemex SKHYUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phemex against Gate. 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
- $0
- Price spread: +0.299% → +0.025%
- $27.43
- Slippage, 4 orders
- −$100.62
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$100.19
- Costs to cover
- 1.276%
- Break-even
- never at this rate
Slippage from Gate: live order book, 2 min ago; Phemex: live order book, 1 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 Gate live order book, 2 min ago | 1.57 bp | 13.0 bp −$13 | 24.3 bp −$243 | 31.7 bp −$3,170 | 57.4 bp −$28.7K |
| Sell Phemex live order book, 1 min ago | 0.79 bp | 53.2 bp −$53 | doesn't fit | 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 | |
|---|---|---|---|---|---|---|---|---|
| edgeX SKHYUSDC | −0.0981% | 4h | 190.66 | +0.096% | $575K | $290K | 10x | as long as short |
| Coinbase International SKHY-PERP-INTX | −0.0104% | 1h | 192.84 | +1.239% | $45K | $861K | 10x | as long as short |
| Aster SKHYUSDT | 0.0000% | 8h | 190.67 | +0.099% | $248K | $892K | 50x | as long as short |
| Extended SKHY-USD | 0.0000% | 1h | 190.52 | +0.020% | $56K | $7K | 10x | as long as short |
| Binance SKHYUSDT | 0.0000% | 8h | 190.50 | +0.010% | $200.2M | $402.9M | 50x | as long as short |
| Bybit SKHYUSDT | 0.0000% | 8h | 190.49 | +0.005% | $15.4M | $28.5M | 100x | as long as short |
| OKX SKHY-USDT-SWAP | 0.0000% | 8h | 190.49 | +0.005% | $45.5M | $72.9M | 50x | as long as short |
| Gate SKHY_USDTlong | 0.0000% | 8h | 190.48 | long leg | $25.6M | $19.4M | 75x | |
| Bitget SKHYUSDT | 0.0000% | 8h | 190.75 | +0.142% | $24.5M | $28.3M | 20x | as long as short |
| Variational Omni SKHY | 0.0000% | 8h | 190.79 | +0.164% | $1.6M | $1.1M | — | as long as short |
edgeX SKHYUSDC
Coinbase International SKHY-PERP-INTX
Aster SKHYUSDT
Extended SKHY-USD
Binance SKHYUSDT
Bybit SKHYUSDT
OKX SKHY-USDT-SWAP
Bitget SKHYUSDT
Variational Omni SKHYShow all 31 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| GRVT SKHY_USDT_Perp | 0.0000% | 8h | 190.68 | +0.104% | $22K | $211K | 10x | as long as short |
| SunX SKHY-USDT | 0.0000% | 8h | 191.19 | +0.373% | $700 | $6.2M | 10x | as long as short |
| HTX SKHY-USDT | 0.0000% | 8h | 190.80 | +0.168% | $159K | $369K | 50x | as long as short |
| Phemex SKHYUSDTshort | 0.0000% | 8h | 191.05 | +0.299% | $1.5M | $1.1M | 10x | |
| tradeXYZ xyz:SKHY | +0.0004% | 1h | 190.53 | +0.026% | $159.3M | $69.1M | 10x | as long as short |
| QFEX SKHY-USD | +0.0011% | 1h | 190.42 | −0.031% | $1.2M | $4.0M | 10x | as long as short |
| Lighter SKHY | +0.0032% | 1h | 190.48 | 0.000% | $1.0M | $691K | 10x | as long as short |
| Lighter RH SKHY | +0.0032% | 1h | 190.49 | +0.005% | $1.1M | $1.4M | 10x | as long as short |
| Arcus SKHY-USD | +0.0040% | 1h | 190.67 | +0.100% | $59K | $164K | 10x | as long as short |
| Vest SKHY-USD-PERP | +0.0046% | 1h | 190.80 | +0.168% | — | $12K | 10x | as long as short |
| Popdex SKHYUSDT | +0.0048% | 1h | 190.52 | +0.021% | $200K | $257K | 20x | as long as short |
| Polymarket Perps SKHY-USD | +0.0050% | 1h | 190.79 | +0.163% | $182K | $460K | 10x | as long as short |
| SoDEX SKHY-USD | +0.0050% | 1h | 190.78 | +0.157% | $42K | $13K | 10x | as long as short |
| Ondo Perps SKHY-USD.P | +0.0050% | 1h | 190.51 | +0.016% | $563K | $2.6M | 10x | as long as short |
| Deribit SKHY_USDC-PERPETUAL | +0.0064% | 1h | 190.88 | +0.210% | $48K | $325K | 10x | as long as short |
| KuCoin SKHYUSDTM | +0.0100% | 8h | 190.69 | +0.110% | $1.1M | $321K | 20x | as long as short |
| Orderly PERP_SKHY_USDC_mythos | +0.0100% | 8h | 190.89 | +0.215% | $2K | $4K | 10x | as long as short |
| Nado SKHY-PERP | +0.0106% | 1h | 190.85 | +0.193% | $34K | $28K | 10x | as long as short |
| BloFin SKHY-USDT | +0.0120% | 8h | 190.73 | +0.131% | $2.2M | $436K | 50x | as long as short |
| Phoenix SKHY | +0.0375% | 1h | 190.77 | +0.152% | $214K | $124K | 10x | as long as short |
| Kraken Futures PF_SKHYUSD | +0.0686% | 1h | 191.00 | +0.275% | $48K | $19K | 20x | as long as short |
GRVT SKHY_USDT_Perp
SunX SKHY-USDT
HTX SKHY-USDT
tradeXYZ xyz:SKHY
QFEX SKHY-USD
Lighter SKHY
Lighter RH SKHY
Arcus SKHY-USD
Vest SKHY-USD-PERP
Popdex SKHYUSDT
Polymarket Perps SKHY-USD
SoDEX SKHY-USD
Ondo Perps SKHY-USD.P
Deribit SKHY_USDC-PERPETUAL
KuCoin SKHYUSDTM
Orderly PERP_SKHY_USDC_mythos
Nado SKHY-PERP
BloFin SKHY-USDT
Phoenix SKHY
Kraken Futures PF_SKHYUSD