Funding you earn now, next payment 09:00 UTC+0.0021%/8h= +2.3% APRpaid last 24h −0.011%
Price spread now: Deribit against Phemex−0.027%7-day average +0.014% · you buy dearer than you sell
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$129as in the Price arb table
costs, in and out, $10k−$1251.253% of the position
Funding, last 4 days (all we have)−0.018%−$2 on $10k
+Price spread, last 4 days (all we have)+0.038%+$4 · spread now −0.027%, 7d avg +0.014%
=Funding pays, the price is against you. Deribit is 0.041% cheaper against Phemex than usual: you would sell low and buy high (spread −0.027% now, against its 7-day average of +0.014%). If the spread goes back, that is −$4 on $10k: about 6.5 days of funding at the current rate (+$1 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phemex SKHYUSDT | 184.76 | 0 | get 0.0000% / 8h | 7h 35m | $1.5M | $1.1M | 10x |
| Short | Deribit SKHY_USDC-PERPETUAL | 184.71 | 0.0021 | get 0.0003% / 1h | 35m 04s | $47K | $353K | 10x |
Phemex SKHYUSDT
Deribit SKHY_USDC-PERPETUALFunding history
latest
Range statsloading…
Price spread between the two exchanges
Deribit against Phemex. 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
- $4.36
- Price spread: −0.027% → +0.014%
- −$4.07
- Slippage, 4 orders
- −$106.28
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- −$124.99
- Costs to cover
- 1.253%
- Break-even
- 207.9 days
Slippage from Phemex: live order book, 3 min ago; Deribit: live order book, 64 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 Phemex live order book, 3 min ago | 2.16 bp | 52.1 bp −$52 | doesn't fit | doesn't fit | doesn't fit |
| Sell Deribit live order book, 64 min ago | 6.70 bp | 10.2 bp −$10 | 15.6 bp −$156 | 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 | −0.1237% | 8h | 184.65 | −0.060% | $25.5M | $34.7M | 20x | as long as short |
| edgeX SKHYUSDC | −0.0952% | 4h | 184.87 | +0.061% | $557K | $290K | 10x | as long as short |
| GRVT SKHY_USDT_Perp | −0.0445% | 8h | 184.94 | +0.099% | $22K | $243K | 10x | as long as short |
| KuCoin SKHYUSDTM | −0.0228% | 8h | 184.70 | −0.032% | $1.1M | $366K | 20x | as long as short |
| Bybit SKHYUSDT | −0.0170% | 8h | 184.65 | −0.060% | $16.3M | $32.5M | 100x | as long as short |
| tradeXYZ xyz:SKHY | −0.0121% | 1h | 184.54 | −0.119% | $156.6M | $77.8M | 10x | as long as short |
| Nado SKHY-PERP | −0.0085% | 1h | 184.71 | −0.028% | $33K | $28K | 10x | as long as short |
| Ondo Perps SKHY-USD.P | −0.0065% | 1h | 184.61 | −0.081% | $515K | $2.6M | 10x | as long as short |
| Binance SKHYUSDT | −0.0035% | 8h | 184.67 | −0.049% | $197.4M | $462.0M | 50x | as long as short |
| Extended SKHY-USD | −0.0032% | 1h | 184.68 | −0.042% | $54K | $7K | 10x | as long as short |
Bitget SKHYUSDT
edgeX SKHYUSDC
GRVT SKHY_USDT_Perp
KuCoin SKHYUSDTM
Bybit SKHYUSDT
tradeXYZ xyz:SKHY
Nado SKHY-PERP
Ondo Perps SKHY-USD.P
Binance SKHYUSDT
Extended SKHY-USDShow all 31 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| HTX SKHY-USDT | −0.0031% | 8h | 184.70 | −0.032% | $153K | $370K | 50x | as long as short |
| QFEX SKHY-USD | −0.0028% | 1h | 184.69 | −0.038% | $1.2M | $4.3M | 10x | as long as short |
| Variational Omni SKHY | −0.0004% | 8h | 184.69 | −0.035% | $1.6M | $1.0M | — | as long as short |
| Aster SKHYUSDT | 0.0000% | 8h | 184.86 | +0.055% | $266K | $951K | 50x | as long as short |
| OKX SKHY-USDT-SWAP | 0.0000% | 8h | 184.67 | −0.049% | $43.8M | $81.7M | 50x | as long as short |
| Gate SKHY_USDT | 0.0000% | 8h | 184.62 | −0.076% | $25.8M | $21.3M | 75x | as long as short |
| SunX SKHY-USDT | 0.0000% | 8h | 185.04 | +0.152% | $677 | $5.9M | 10x | as long as short |
| Phemex SKHYUSDTlong | 0.0000% | 8h | 184.76 | long leg | $1.5M | $1.1M | 10x | |
| Lighter SKHY | +0.0008% | 1h | 184.64 | −0.065% | $983K | $1.3M | 10x | as long as short |
| Deribit SKHY_USDC-PERPETUALshort | +0.0021% | 1h | 184.71 | −0.027% | $47K | $353K | 10x | |
| Coinbase International SKHY-PERP-INTX | +0.0024% | 1h | 187.58 | +1.526% | $68K | $784K | 10x | as long as short |
| Lighter RH SKHY | +0.0032% | 1h | 184.61 | −0.081% | $1.1M | $1.5M | 10x | as long as short |
| Popdex SKHYUSDT | +0.0040% | 1h | 184.82 | +0.032% | $201K | $288K | 20x | as long as short |
| Arcus SKHY-USD | +0.0040% | 1h | 184.75 | −0.005% | $59K | $172K | 10x | as long as short |
| Vest SKHY-USD-PERP | +0.0046% | 1h | 184.65 | −0.060% | — | $34K | 10x | as long as short |
| Polymarket Perps SKHY-USD | +0.0050% | 1h | 184.70 | −0.032% | $178K | $451K | 10x | as long as short |
| SoDEX SKHY-USD | +0.0050% | 1h | 184.67 | −0.049% | $41K | $12K | 10x | as long as short |
| BloFin SKHY-USDT | +0.0085% | 8h | 184.67 | −0.049% | $2.1M | $438K | 50x | as long as short |
| Orderly PERP_SKHY_USDC_mythos | +0.0100% | 8h | 184.71 | −0.027% | $2K | $4K | 10x | as long as short |
| Kraken Futures PF_SKHYUSD | +0.0171% | 1h | 184.81 | +0.028% | $48K | $20K | 20x | as long as short |
| Phoenix SKHY | +0.0215% | 1h | 185.14 | +0.206% | $207K | $123K | 10x | as long as short |
HTX SKHY-USDT
QFEX SKHY-USD
Variational Omni SKHY
Aster SKHYUSDT
OKX SKHY-USDT-SWAP
Gate SKHY_USDT
SunX SKHY-USDT
Lighter SKHY
Coinbase International SKHY-PERP-INTX
Lighter RH SKHY
Popdex SKHYUSDT
Arcus SKHY-USD
Vest SKHY-USD-PERP
Polymarket Perps SKHY-USD
SoDEX SKHY-USD
BloFin SKHY-USDT
Orderly PERP_SKHY_USDC_mythos
Kraken Futures PF_SKHYUSD
Phoenix SKHY