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Funding arb · Price arb /

SKHY

RWAall SKHY markets
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Alert: funding
Measured
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Alert: spread
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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: Bybit against Phemex+0.109%7-day average −0.003% · you sell dearer than you buy
Net, funding: paid 7d − costs−$135as in the Funding arb table
Net, price: spread back to 7d avg − costs−$126as in the Price arb table
costs, in and out, $10k−$1371.371% of the position
Long on PhemexShort on Bybit
What this pair did over the last
the charts below follow
Funding, last 7 days+0.021%+$2 on $10k
Price spread, last 3 days (all we have)−0.089%−$9 · spread now +0.109%, 7d avg −0.003%
Together, before fees−0.068%−$7 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bybit is 0.111% dearer against Phemex than usual: you sell high and buy low, +$11 on $10k if it goes back to its 7-day average of −0.003%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongPhemex SKHYUSDT193.440get 0.0000% / 8h7h 21m$1.5M$1.1M10x
ShortBybit SKHYUSDT193.650get 0.0000% / 8h7h 21m$15.7M$27.1M100x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bybit against Phemex. Falling: the short leg gains. Rising: it loses.
latest
Price spreadloading…

Funding on every exchange

click an exchange to add or hide it
latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
$0
Price spread: +0.109% → −0.003%
$11.12
Slippage, 4 orders
−$114.13
Fee Phemex: 6 bp × 2 orders
−$12
Fee Bybit: 5.5 bp × 2 orders
−$11
Net
−$126.01
Costs to cover
1.371%
Break-even
never at this rate
Slippage from Phemex: live order book, 1 min ago; Bybit: live order book, 2 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Phemex live order book, 1 min ago1.04 bp73.1 bp −$73doesn't fitdoesn't fitdoesn't fit
Sell Bybit live order book, 2 min ago0.52 bp8.4 bp −$812.8 bp −$12882.3 bp −$8,229doesn't fit

SKHY on 31 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
edgeX SKHYUSDC−0.0274%4h193.27−0.086%$583K$289K10xas long as short
Nado SKHY-PERP−0.0002%1h193.47+0.017%$29K$2K10xas long as short
Aster SKHYUSDT0.0000%8h193.36−0.043%$249K$921K50xas long as short
Extended SKHY-USD0.0000%1h193.52+0.039%$56K$6K10xas long as short
Binance SKHYUSDT0.0000%8h193.61+0.088%$212.5M$383.4M50xas long as short
Bybit SKHYUSDTshort0.0000%8h193.65+0.109%$15.7M$27.1M100x
OKX SKHY-USDT-SWAP0.0000%8h193.71+0.140%$47.0M$68.0M50xas long as short
Gate SKHY_USDT0.0000%8h193.57+0.067%$25.9M$18.4M75xas long as short
Variational Omni SKHY0.0000%8h193.27−0.086%$1.6M$2.3M—as long as short
SunX SKHY-USDT0.0000%8h193.78+0.176%$709$6.8M10xas long as short
Show all 31 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Deribit SKHY_USDC-PERPETUAL0.0000%1h193.52+0.041%$47K$268K10xas long as short
HTX SKHY-USDT0.0000%8h193.46+0.010%$160K$386K50xas long as short
Phemex SKHYUSDTlong0.0000%8h193.44long leg$1.5M$1.1M10x
QFEX SKHY-USD+0.0005%1h193.440.000%$1.2M$4.9M10xas long as short
Lighter SKHY+0.0032%1h193.41−0.016%$1.0M$677K10xas long as short
Lighter RH SKHY+0.0032%1h193.40−0.021%$1.1M$1.5M10xas long as short
Arcus SKHY-USD+0.0040%1h193.19−0.129%$57K$153K10xas long as short
Vest SKHY-USD-PERP+0.0046%1h193.43−0.005%—$12K10xas long as short
Popdex SKHYUSDT+0.0048%1h193.47+0.016%$197K$256K20xas long as short
Polymarket Perps SKHY-USD+0.0050%1h193.42−0.010%$191K$454K10xas long as short
Ondo Perps SKHY-USD.P+0.0050%1h193.26−0.093%$555K$1.7M10xas long as short
tradeXYZ xyz:SKHY+0.0059%1h193.51+0.036%$164.6M$65.6M10xas long as short
Coinbase International SKHY-PERP-INTX+0.0088%1h192.17−0.657%$117K$795K10xas long as short
SoDEX SKHY-USD+0.0095%1h193.40−0.021%$43K$13K10xas long as short
KuCoin SKHYUSDTM+0.0100%8h193.48+0.021%$1.1M$277K20xas long as short
Orderly PERP_SKHY_USDC_mythos+0.0100%8h193.50+0.031%$2K$4K10xas long as short
BloFin SKHY-USDT+0.0120%8h193.36−0.041%$2.2M$446K50xas long as short
Bitget SKHYUSDT+0.0229%8h193.48+0.021%$25.7M$26.7M20xas long as short
Phoenix SKHY+0.0335%1h193.33−0.057%$218K$120K10xas long as short
GRVT SKHY_USDT_Perp+0.0554%8h193.28−0.084%$23K$195K10xas long as short
Kraken Futures PF_SKHYUSD+0.0707%1h193.61+0.086%$51K$21K20xas long as short