Funding you earn now, next payment 08:00 UTC+0.0120%/8h= +13.1% APRnext payment +$1.20 per $10,000 · paid last 24h +0.036%
Price spread now: BloFin against OKX−0.083%53s7-day average +0.015% · you buy dearer than you sell
Net, funding: paid 7d − costs−$4as 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−$250.252% of the position
Funding, last 7 days+0.207%+$21 on $10k
+Price spread, last 4 days (all we have)+0.115%+$12 · spread now −0.083%, 7d avg +0.015%
=Funding pays, the price is against you. BloFin is 0.098% cheaper against OKX than usual: you would sell low and buy high (spread −0.083% now, against its 7-day average of +0.015%). If the spread goes back, that is −$10 on $10k: about 2.7 days of funding at the current rate (+$4 a day). The two prices were read 53 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 | OKX SKHY-USDT-SWAP | 192.75 | 0 | get 0.0000% / 8h | 5h 24m | $46.7M | $69.3M | 50x |
| Short | BloFin SKHY-USDT | 192.59 | 0.0120 | get 0.0120% / 8h | 5h 24m | $2.2M | $445K | 50x |
OKX SKHY-USDT-SWAP
BloFin SKHY-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin against OKX. 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
- $25.2
- Price spread: −0.083% → +0.015%
- −$9.77
- Slippage, 4 orders
- −$3.19
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$9.76
- Costs to cover
- 0.252%
- Break-even
- 9.7 days
Slippage from OKX: live order book, 4 min ago; BloFin: 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 OKX live order book, 4 min ago | 0.26 bp | 6.9 bp −$7 | 8.5 bp −$85 | 23.8 bp −$2,378 | doesn't fit |
| Sell BloFin live order book, 4 min ago | 0.26 bp | 6.7 bp −$7 | 8.1 bp −$81 | 14.9 bp −$1,487 | 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 | −0.0894% | 4h | 192.62 | −0.068% | $581K | $289K | 10x | as long as short |
| Coinbase International SKHY-PERP-INTX | −0.0032% | 1h | 192.90 | +0.078% | $45K | $874K | 10x | as long as short |
| Aster SKHYUSDT | 0.0000% | 8h | 192.70 | −0.028% | $248K | $890K | 50x | as long as short |
| Extended SKHY-USD | 0.0000% | 1h | 192.63 | −0.062% | $56K | $7K | 10x | as long as short |
| Binance SKHYUSDT | 0.0000% | 8h | 192.70 | −0.026% | $206.2M | $389.9M | 50x | as long as short |
| Bybit SKHYUSDT | 0.0000% | 8h | 192.71 | −0.021% | $15.7M | $27.3M | 100x | as long as short |
| OKX SKHY-USDT-SWAPlong | 0.0000% | 8h | 192.75 | long leg | $46.7M | $69.3M | 50x | |
| Gate SKHY_USDT | 0.0000% | 8h | 192.68 | −0.036% | $25.8M | $19.0M | 75x | as long as short |
| Variational Omni SKHY | 0.0000% | 8h | 192.70 | −0.028% | $1.6M | $1.2M | — | as long as short |
| GRVT SKHY_USDT_Perp | 0.0000% | 8h | 192.68 | −0.036% | $23K | $195K | 10x | as long as short |
edgeX SKHYUSDC
Coinbase International SKHY-PERP-INTX
Aster SKHYUSDT
Extended SKHY-USD
Binance SKHYUSDT
Bybit SKHYUSDT
Gate SKHY_USDT
Variational Omni SKHY
GRVT SKHY_USDT_PerpShow all 31 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| SunX SKHY-USDT | 0.0000% | 8h | 192.94 | +0.099% | $706 | $6.4M | 10x | as long as short |
| HTX SKHY-USDT | 0.0000% | 8h | 192.63 | −0.062% | $160K | $368K | 50x | as long as short |
| Phemex SKHYUSDT | 0.0000% | 8h | 192.62 | −0.067% | $1.5M | $1.1M | 10x | as long as short |
| QFEX SKHY-USD | +0.0004% | 1h | 192.63 | −0.062% | $1.2M | $4.3M | 10x | as long as short |
| Lighter SKHY | +0.0032% | 1h | 192.55 | −0.104% | $1.0M | $688K | 10x | as long as short |
| Lighter RH SKHY | +0.0032% | 1h | 192.58 | −0.088% | $1.1M | $1.5M | 10x | as long as short |
| Arcus SKHY-USD | +0.0040% | 1h | 192.67 | −0.042% | $57K | $154K | 10x | as long as short |
| Vest SKHY-USD-PERP | +0.0046% | 1h | 192.62 | −0.067% | — | $11K | 10x | as long as short |
| Popdex SKHYUSDT | +0.0048% | 1h | 192.73 | −0.010% | $199K | $256K | 20x | as long as short |
| tradeXYZ xyz:SKHY | +0.0050% | 1h | 192.59 | −0.083% | $161.1M | $67.2M | 10x | as long as short |
| Polymarket Perps SKHY-USD | +0.0050% | 1h | 192.58 | −0.088% | $188K | $456K | 10x | as long as short |
| SoDEX SKHY-USD | +0.0050% | 1h | 192.63 | −0.062% | $43K | $13K | 10x | as long as short |
| Ondo Perps SKHY-USD.P | +0.0050% | 1h | 192.59 | −0.083% | $584K | $2.2M | 10x | as long as short |
| Deribit SKHY_USDC-PERPETUAL | +0.0062% | 1h | 192.60 | −0.078% | $49K | $295K | 10x | as long as short |
| KuCoin SKHYUSDTM | +0.0100% | 8h | 192.68 | −0.036% | $1.1M | $291K | 20x | as long as short |
| Orderly PERP_SKHY_USDC_mythos | +0.0100% | 8h | 192.70 | −0.026% | $2K | $4K | 10x | as long as short |
| BloFin SKHY-USDTshort | +0.0120% | 8h | 192.59 | −0.083% | $2.2M | $445K | 50x | |
| Bitget SKHYUSDT | +0.0133% | 8h | 192.76 | +0.005% | $25.4M | $26.7M | 20x | as long as short |
| Nado SKHY-PERP | +0.0168% | 1h | 192.57 | −0.094% | $38K | $26K | 10x | as long as short |
| Phoenix SKHY | +0.0332% | 1h | 192.88 | +0.067% | $216K | $124K | 10x | as long as short |
| Kraken Futures PF_SKHYUSD | +0.0547% | 1h | 192.76 | +0.007% | $51K | $17K | 20x | as long as short |
SunX SKHY-USDT
HTX SKHY-USDT
Phemex SKHYUSDT
QFEX SKHY-USD
Lighter SKHY
Lighter RH SKHY
Arcus SKHY-USD
Vest SKHY-USD-PERP
Popdex SKHYUSDT
tradeXYZ xyz:SKHY
Polymarket Perps SKHY-USD
SoDEX SKHY-USD
Ondo Perps SKHY-USD.P
Deribit SKHY_USDC-PERPETUAL
KuCoin SKHYUSDTM
Orderly PERP_SKHY_USDC_mythos
Bitget SKHYUSDT
Nado SKHY-PERP
Phoenix SKHY
Kraken Futures PF_SKHYUSD