Funding you earn now, next payment 01:00 UTC−0.0172%/8h= −18.8% APRpaid last 24h +0.009%
Price spread now: Coinbase International against KuCoin+0.104%7-day average +0.126% · you sell dearer than you buy
Net, funding: paid 7d − costs−$88as in the Funding arb table
Net, price: spread back to 7d avg − costs−$85as in the Price arb table
costs, in and out, $10k−$830.832% of the position
Funding, last 7 days−0.045%−$4 on $10k
+Price spread, last 3 days (all we have)−0.108%−$11 · spread now +0.104%, 7d avg +0.126%
=Both sides work against this trade now: funding costs −$5 a day on $10k at the current rate, and Coinbase International is 0.023% cheaper against KuCoin than usual: you would sell low and buy high (−$2 if the spread goes back to its 7-day average of +0.126%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin SKHYUSDTM | 192.70 | 0.0100 | pay 0.0100% / 8h | 6h 14m | $1.1M | $285K | 20x |
| Short | Coinbase International SKHY-PERP-INTX | 192.90 | −0.0072 | pay 0.0009% / 1h | 14m 08s | $45K | $874K | 10x |
KuCoin SKHYUSDTM
Coinbase International SKHY-PERP-INTXFunding history
latest
Range statsloading…
Price spread between the two exchanges
Coinbase International 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
- −$36.12
- Price spread: +0.104% → +0.126%
- −$2.25
- Slippage, 4 orders
- −$61.15
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Net
- −$121.53
- Costs to cover
- 0.832%
- Break-even
- never at this rate
Slippage from KuCoin: live order book, 1 min ago; Coinbase International: live order book, 54 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 | 2.85 bp | 26.6 bp −$27 | doesn't fit | doesn't fit | doesn't fit |
| Sell Coinbase International live order book, 54 min ago | 7.24 bp | 12.3 bp −$12 | 18.2 bp −$182 | doesn't fit | doesn't fit |
SKHY on 30 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 | −0.0382% | 4h | 192.39 | −0.163% | $580K | $291K | 10x | as long as short |
| Coinbase International SKHY-PERP-INTXshort | −0.0072% | 1h | 192.90 | +0.104% | $45K | $874K | 10x | |
| Aster SKHYUSDT | 0.0000% | 8h | 192.71 | +0.006% | $248K | $890K | 50x | as long as short |
| Extended SKHY-USD | 0.0000% | 1h | 192.69 | −0.004% | $56K | $7K | 10x | as long as short |
| Binance SKHYUSDT | 0.0000% | 8h | 192.70 | 0.000% | $208.9M | $386.2M | 50x | as long as short |
| Bybit SKHYUSDT | 0.0000% | 8h | 192.75 | +0.026% | $15.7M | $27.3M | 100x | as long as short |
| OKX SKHY-USDT-SWAP | 0.0000% | 8h | 192.75 | +0.026% | $46.7M | $69.1M | 50x | as long as short |
| Gate SKHY_USDT | 0.0000% | 8h | 192.70 | 0.000% | $25.8M | $18.9M | 75x | as long as short |
| Variational Omni SKHY | 0.0000% | 8h | 192.55 | −0.078% | $1.6M | $1.9M | — | as long as short |
| GRVT SKHY_USDT_Perp | 0.0000% | 8h | 192.44 | −0.137% | $22K | $192K | 10x | as long as short |
edgeX SKHYUSDC
Aster SKHYUSDT
Extended SKHY-USD
Binance SKHYUSDT
Bybit SKHYUSDT
OKX SKHY-USDT-SWAP
Gate SKHY_USDT
Variational Omni SKHY
GRVT SKHY_USDT_PerpShow all 30 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| SunX SKHY-USDT | 0.0000% | 8h | 193.04 | +0.176% | $707 | $6.5M | 10x | as long as short |
| Deribit SKHY_USDC-PERPETUAL | 0.0000% | 1h | 192.75 | +0.026% | $48K | $272K | 10x | as long as short |
| HTX SKHY-USDT | 0.0000% | 8h | 192.70 | 0.000% | $160K | $369K | 50x | as long as short |
| Phemex SKHYUSDT | 0.0000% | 8h | 192.77 | +0.036% | $1.5M | $1.1M | 10x | as long as short |
| QFEX SKHY-USD | +0.0002% | 1h | 192.66 | −0.021% | $1.2M | $4.4M | 10x | as long as short |
| Lighter SKHY | +0.0032% | 1h | 192.65 | −0.026% | $1.0M | $687K | 10x | as long as short |
| Lighter RH SKHY | +0.0032% | 1h | 192.64 | −0.031% | $1.1M | $1.5M | 10x | as long as short |
| Arcus SKHY-USD | +0.0040% | 1h | 192.59 | −0.057% | $57K | $155K | 10x | as long as short |
| Nado SKHY-PERP | +0.0042% | 1h | 192.73 | +0.015% | $38K | $26K | 10x | as long as short |
| Vest SKHY-USD-PERP | +0.0046% | 1h | 192.67 | −0.016% | — | $12K | 10x | as long as short |
| Popdex SKHYUSDT | +0.0048% | 1h | 192.73 | +0.016% | $198K | $256K | 20x | as long as short |
| tradeXYZ xyz:SKHY | +0.0050% | 1h | 192.68 | −0.010% | $162.1M | $66.4M | 10x | as long as short |
| Polymarket Perps SKHY-USD | +0.0050% | 1h | 192.64 | −0.031% | $188K | $456K | 10x | as long as short |
| SoDEX SKHY-USD | +0.0050% | 1h | 192.68 | −0.010% | $43K | $13K | 10x | as long as short |
| Ondo Perps SKHY-USD.P | +0.0050% | 1h | 192.67 | −0.016% | $531K | $1.9M | 10x | as long as short |
| KuCoin SKHYUSDTMlong | +0.0100% | 8h | 192.70 | long leg | $1.1M | $285K | 20x | |
| Orderly PERP_SKHY_USDC_mythos | +0.0100% | 8h | 192.72 | +0.010% | $2K | $4K | 10x | as long as short |
| Bitget SKHYUSDT | +0.0246% | 8h | 192.76 | +0.031% | $25.5M | $26.3M | 20x | as long as short |
| Phoenix SKHY | +0.0331% | 1h | 192.48 | −0.114% | $216K | $123K | 10x | as long as short |
| Kraken Futures PF_SKHYUSD | +0.0707% | 1h | 192.86 | +0.084% | $51K | $17K | 20x | as long as short |
SunX SKHY-USDT
Deribit SKHY_USDC-PERPETUAL
HTX SKHY-USDT
Phemex SKHYUSDT
QFEX SKHY-USD
Lighter SKHY
Lighter RH SKHY
Arcus SKHY-USD
Nado SKHY-PERP
Vest SKHY-USD-PERP
Popdex SKHYUSDT
tradeXYZ xyz:SKHY
Polymarket Perps SKHY-USD
SoDEX SKHY-USD
Ondo Perps SKHY-USD.P
Orderly PERP_SKHY_USDC_mythos
Bitget SKHYUSDT
Phoenix SKHY
Kraken Futures PF_SKHYUSD