Funding you earn now, next payment 05:00 UTC+0.0254%/8h= +27.8% APRpaid last 24h +0.096%
Price spread now: Phoenix against HTX+0.080%72s7-day average +0.146% · you sell dearer than you buy
Net, funding: paid 7d − costs−$11as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$430.430% of the position
Funding, last 7 days+0.318%+$32 on $10k
+Price spread, last 4 days (all we have)+0.065%+$6 · spread now +0.080%, 7d avg +0.146%
=Funding pays, the price is against you. Phoenix is 0.066% cheaper against HTX than usual: you would sell low and buy high (spread +0.080% now, against its 7-day average of +0.146%). If the spread goes back, that is −$7 on $10k: about 21 hours of funding at the current rate (+$8 a day). The two prices were read 72 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | HTX SKHY-USDT | 186.91 | 0 | get 0.0000% / 8h | 2h 23m | $155K | $371K | 50x |
| Short | Phoenix SKHY | 187.06 | 0.0254 | get 0.0032% / 1h | 23m 53s | $210K | $124K | 10x |
HTX SKHY-USDT
Phoenix SKHYFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phoenix against HTX. 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
- $53.38
- Price spread: +0.080% → +0.146%
- −$6.6
- Slippage, 4 orders
- −$24.03
- Fee HTX: 6 bp × 2 orders
- −$12
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- $3.75
- Costs to cover
- 0.430%
- Break-even
- 6.5 days
Slippage from HTX: live order book, 24 min ago; Phoenix: live order book, 18 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 HTX live order book, 24 min ago | 2.92 bp | 8.9 bp −$9 | 12.8 bp −$128 | doesn't fit | doesn't fit |
| Sell Phoenix live order book, 18 min ago | 3.72 bp | 12.6 bp −$13 | 27.4 bp −$274 | 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 | −0.1104% | 8h | 186.93 | +0.011% | $24.8M | $30.8M | 20x | as long as short |
| edgeX SKHYUSDC | −0.0321% | 4h | 186.14 | −0.412% | $561K | $290K | 10x | as long as short |
| Deribit SKHY_USDC-PERPETUAL | −0.0124% | 1h | 187.06 | +0.080% | $48K | $335K | 10x | as long as short |
| Nado SKHY-PERP | −0.0114% | 1h | 187.04 | +0.070% | $33K | $28K | 10x | as long as short |
| tradeXYZ xyz:SKHY | −0.0088% | 1h | 186.76 | −0.080% | $157.9M | $73.3M | 10x | as long as short |
| Polymarket Perps SKHY-USD | −0.0063% | 1h | 186.81 | −0.054% | $181K | $487K | 10x | as long as short |
| Coinbase International SKHY-PERP-INTX | −0.0024% | 1h | 186.71 | −0.107% | $47K | $875K | 10x | as long as short |
| QFEX SKHY-USD | −0.0014% | 1h | 186.85 | −0.032% | $1.2M | $4.1M | 10x | as long as short |
| Lighter SKHY | 0.0000% | 1h | 187.07 | +0.086% | $911K | $988K | 10x | as long as short |
| Aster SKHYUSDT | 0.0000% | 8h | 186.91 | +0.002% | $228K | $913K | 50x | as long as short |
Bitget SKHYUSDT
edgeX SKHYUSDC
Deribit SKHY_USDC-PERPETUAL
Nado SKHY-PERP
tradeXYZ xyz:SKHY
Polymarket Perps SKHY-USD
Coinbase International SKHY-PERP-INTX
QFEX SKHY-USD
Lighter SKHY
Aster SKHYUSDTShow all 31 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Extended SKHY-USD | 0.0000% | 1h | 186.98 | +0.039% | $54K | $7K | 10x | as long as short |
| Binance SKHYUSDT | 0.0000% | 8h | 186.97 | +0.032% | $199.9M | $428.4M | 50x | as long as short |
| Bybit SKHYUSDT | 0.0000% | 8h | 187.02 | +0.059% | $15.7M | $30.1M | 100x | as long as short |
| OKX SKHY-USDT-SWAP | 0.0000% | 8h | 186.81 | −0.054% | $44.4M | $75.8M | 50x | as long as short |
| Gate SKHY_USDT | 0.0000% | 8h | 187.06 | +0.080% | $25.2M | $20.6M | 75x | as long as short |
| Variational Omni SKHY | 0.0000% | 8h | 186.47 | −0.233% | $1.6M | $1.0M | — | as long as short |
| GRVT SKHY_USDT_Perp | 0.0000% | 8h | 186.54 | −0.198% | $22K | $220K | 10x | as long as short |
| SunX SKHY-USDT | 0.0000% | 8h | 187.31 | +0.214% | $686 | $6.2M | 10x | as long as short |
| HTX SKHY-USDTlong | 0.0000% | 8h | 186.91 | long leg | $155K | $371K | 50x | |
| Phemex SKHYUSDT | 0.0000% | 8h | 187.04 | +0.070% | $1.5M | $1.1M | 10x | as long as short |
| Ondo Perps SKHY-USD.P | +0.0028% | 1h | 186.72 | −0.102% | $514K | $2.6M | 10x | as long as short |
| Lighter RH SKHY | +0.0032% | 1h | 186.98 | +0.037% | $1.0M | $1.6M | 10x | as long as short |
| Arcus SKHY-USD | +0.0040% | 1h | 186.54 | −0.198% | $58K | $164K | 10x | as long as short |
| Vest SKHY-USD-PERP | +0.0046% | 1h | 186.95 | +0.021% | — | $12K | 10x | as long as short |
| Popdex SKHYUSDT | +0.0048% | 1h | 186.85 | −0.032% | $194K | $272K | 20x | as long as short |
| SoDEX SKHY-USD | +0.0050% | 1h | 186.78 | −0.070% | $41K | $13K | 10x | as long as short |
| KuCoin SKHYUSDTM | +0.0100% | 8h | 186.93 | +0.011% | $1.1M | $320K | 20x | as long as short |
| Orderly PERP_SKHY_USDC_mythos | +0.0100% | 8h | 186.90 | −0.005% | $2K | $4K | 10x | as long as short |
| BloFin SKHY-USDT | +0.0120% | 8h | 186.69 | −0.118% | $2.1M | $410K | 50x | as long as short |
| Phoenix SKHYshort | +0.0254% | 1h | 187.06 | +0.080% | $210K | $124K | 10x | |
| Kraken Futures PF_SKHYUSD | +0.0262% | 1h | 186.96 | +0.028% | $47K | $19K | 20x | as long as short |
Extended SKHY-USD
Binance SKHYUSDT
Bybit SKHYUSDT
OKX SKHY-USDT-SWAP
Gate SKHY_USDT
Variational Omni SKHY
GRVT SKHY_USDT_Perp
SunX SKHY-USDT
Phemex SKHYUSDT
Ondo Perps SKHY-USD.P
Lighter RH SKHY
Arcus SKHY-USD
Vest SKHY-USD-PERP
Popdex SKHYUSDT
SoDEX SKHY-USD
KuCoin SKHYUSDTM
Orderly PERP_SKHY_USDC_mythos
BloFin SKHY-USDT
Kraken Futures PF_SKHYUSD