Funding you earn now, next payment 08:00 UTC−0.0100%/8h= −10.9% APRnext payment −$1.00 per $10,000 · paid last 24h −0.007%
Price spread now: Bybit against KuCoin−0.037%7-day average +0.024% · you buy dearer than you sell
Net, funding: paid 7d − costs−$84as in the Funding arb table
Net, price: spread back to 7d avg − costs−$97as in the Price arb table
costs, in and out, $10k−$910.910% of the position
Funding, last 7 days+0.068%+$7 on $10k
+Price spread, last 7 days+0.070%+$7 · spread now −0.037%, 7d avg +0.024%
=Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Bybit is 0.061% cheaper against KuCoin than usual: you would sell low and buy high (−$6 if the spread goes back to its 7-day average of +0.024%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.068%, so the current rate has only just turned against you.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin SKHYUSDTM | 189.94 | 0.0100 | pay 0.0100% / 8h | 3h 39m | $1.1M | $320K | 20x |
| Short | Bybit SKHYUSDT | 189.87 | 0 | get 0.0000% / 8h | 3h 39m | $15.3M | $28.6M | 100x |
KuCoin SKHYUSDTM
Bybit SKHYUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit against KuCoin. 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
- −$21
- Price spread: −0.037% → +0.024%
- −$6.09
- Slippage, 4 orders
- −$67.95
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$118.05
- Costs to cover
- 0.910%
- Break-even
- never at this rate
Slippage from KuCoin: live order book, 1 min ago; Bybit: live order book, 4 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 KuCoin live order book, 1 min ago | 2.90 bp | 40.6 bp −$41 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bybit live order book, 4 min ago | 0.26 bp | 8.6 bp −$9 | 13.0 bp −$130 | 84.5 bp −$8,445 | 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 | −0.0799% | 4h | 190.46 | +0.272% | $574K | $290K | 10x | as long as short |
| Coinbase International SKHY-PERP-INTX | −0.0104% | 1h | 192.84 | +1.527% | $45K | $861K | 10x | as long as short |
| tradeXYZ xyz:SKHY | −0.0001% | 1h | 189.80 | −0.074% | $158.7M | $69.0M | 10x | as long as short |
| Aster SKHYUSDT | 0.0000% | 8h | 189.96 | +0.009% | $247K | $893K | 50x | as long as short |
| Extended SKHY-USD | 0.0000% | 1h | 189.84 | −0.053% | $55K | $7K | 10x | as long as short |
| Binance SKHYUSDT | 0.0000% | 8h | 189.85 | −0.047% | $199.5M | $404.0M | 50x | as long as short |
| Bybit SKHYUSDTshort | 0.0000% | 8h | 189.87 | −0.037% | $15.3M | $28.6M | 100x | |
| OKX SKHY-USDT-SWAP | 0.0000% | 8h | 189.83 | −0.058% | $45.3M | $72.8M | 50x | as long as short |
| Gate SKHY_USDT | 0.0000% | 8h | 189.83 | −0.058% | $25.6M | $19.5M | 75x | as long as short |
| Bitget SKHYUSDT | 0.0000% | 8h | 190.03 | +0.047% | $24.4M | $28.3M | 20x | as long as short |
edgeX SKHYUSDC
Coinbase International SKHY-PERP-INTX
tradeXYZ xyz:SKHY
Aster SKHYUSDT
Extended SKHY-USD
Binance SKHYUSDT
OKX SKHY-USDT-SWAP
Gate SKHY_USDT
Bitget SKHYUSDTShow all 31 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni SKHY | 0.0000% | 8h | 190.47 | +0.280% | $1.6M | $1.1M | — | as long as short |
| GRVT SKHY_USDT_Perp | 0.0000% | 8h | 190.25 | +0.162% | $22K | $211K | 10x | as long as short |
| SunX SKHY-USDT | 0.0000% | 8h | 190.22 | +0.147% | $696 | $6.2M | 10x | as long as short |
| Deribit SKHY_USDC-PERPETUAL | 0.0000% | 1h | 189.93 | −0.005% | $48K | $326K | 10x | as long as short |
| HTX SKHY-USDT | 0.0000% | 8h | 189.82 | −0.063% | $158K | $369K | 50x | as long as short |
| Phemex SKHYUSDT | 0.0000% | 8h | 189.86 | −0.042% | $1.5M | $1.1M | 10x | as long as short |
| QFEX SKHY-USD | +0.0011% | 1h | 189.96 | +0.011% | $1.2M | $4.1M | 10x | as long as short |
| Lighter SKHY | +0.0032% | 1h | 189.78 | −0.084% | $1.0M | $692K | 10x | as long as short |
| Lighter RH SKHY | +0.0032% | 1h | 189.80 | −0.074% | $1.1M | $1.4M | 10x | as long as short |
| Arcus SKHY-USD | +0.0040% | 1h | 190.37 | +0.226% | $59K | $164K | 10x | as long as short |
| Vest SKHY-USD-PERP | +0.0046% | 1h | 190.02 | +0.042% | — | $12K | 10x | as long as short |
| Popdex SKHYUSDT | +0.0048% | 1h | 189.93 | −0.005% | $200K | $257K | 20x | as long as short |
| Polymarket Perps SKHY-USD | +0.0050% | 1h | 189.90 | −0.021% | $183K | $470K | 10x | as long as short |
| SoDEX SKHY-USD | +0.0050% | 1h | 189.86 | −0.042% | $42K | $13K | 10x | as long as short |
| Ondo Perps SKHY-USD.P | +0.0050% | 1h | 189.99 | +0.026% | $563K | $2.7M | 10x | as long as short |
| KuCoin SKHYUSDTMlong | +0.0100% | 8h | 189.94 | long leg | $1.1M | $320K | 20x | |
| Orderly PERP_SKHY_USDC_mythos | +0.0100% | 8h | 189.89 | −0.026% | $2K | $4K | 10x | as long as short |
| Nado SKHY-PERP | +0.0104% | 1h | 190.04 | +0.055% | $34K | $28K | 10x | as long as short |
| BloFin SKHY-USDT | +0.0120% | 8h | 189.85 | −0.047% | $2.2M | $435K | 50x | as long as short |
| Phoenix SKHY | +0.0375% | 1h | 190.44 | +0.263% | $213K | $124K | 10x | as long as short |
| Kraken Futures PF_SKHYUSD | +0.0690% | 1h | 189.98 | +0.019% | $48K | $19K | 20x | as long as short |
Variational Omni SKHY
GRVT SKHY_USDT_Perp
SunX SKHY-USDT
Deribit SKHY_USDC-PERPETUAL
HTX SKHY-USDT
Phemex SKHYUSDT
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
Orderly PERP_SKHY_USDC_mythos
Nado SKHY-PERP
BloFin SKHY-USDT
Phoenix SKHY
Kraken Futures PF_SKHYUSD