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: KuCoin against Phemex−0.026%7-day average −0.020% · you buy dearer than you sell
Net, funding: paid 7d − costs−$161as in the Funding arb table
Net, price: spread back to 7d avg − costs−$157as in the Price arb table
costs, in and out, $10k−$1571.567% of the position
Funding, last 7 days−0.047%−$5 on $10k
+Price spread, last 4 days (all we have)+0.090%+$9 · spread now −0.026%, 7d avg −0.020%
=The price spread sits at its 7-day average of −0.020%, so right now this pair is about funding alone: +$3 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phemex SKHYUSDT | 192.75 | 0 | get 0.0000% / 8h | 5h 23m | $1.5M | $1.1M | 10x |
| Short | KuCoin SKHYUSDTM | 192.70 | 0.0100 | get 0.0100% / 8h | 5h 23m | $1.1M | $291K | 20x |
Phemex SKHYUSDT
KuCoin SKHYUSDTMFunding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin 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
- $21
- Price spread: −0.026% → −0.020%
- −$0.63
- Slippage, 4 orders
- −$132.73
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$136.36
- Costs to cover
- 1.567%
- Break-even
- 52.5 days
Slippage from Phemex: live order book, 4 min ago; KuCoin: live order book, 1 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, 4 min ago | 2.08 bp | 36.5 bp −$37 | doesn't fit | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 1 min ago | 3.12 bp | 56.4 bp −$56 | doesn't fit | 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 | |
|---|---|---|---|---|---|---|---|---|
| edgeX SKHYUSDC | −0.0383% | 4h | 192.65 | −0.054% | $581K | $290K | 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 | 192.75 | −0.001% | $248K | $888K | 50x | as long as short |
| Extended SKHY-USD | 0.0000% | 1h | 192.75 | −0.002% | $56K | $7K | 10x | as long as short |
| Binance SKHYUSDT | 0.0000% | 8h | 192.81 | +0.030% | $206.3M | $390.1M | 50x | as long as short |
| Bybit SKHYUSDT | 0.0000% | 8h | 192.81 | +0.031% | $15.7M | $27.3M | 100x | as long as short |
| OKX SKHY-USDT-SWAP | 0.0000% | 8h | 192.82 | +0.036% | $46.7M | $69.4M | 50x | as long as short |
| Gate SKHY_USDT | 0.0000% | 8h | 192.76 | +0.005% | $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
OKX SKHY-USDT-SWAP
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 | 193.07 | +0.166% | $707 | $6.4M | 10x | as long as short |
| HTX SKHY-USDT | 0.0000% | 8h | 192.70 | −0.026% | $160K | $368K | 50x | as long as short |
| Phemex SKHYUSDTlong | 0.0000% | 8h | 192.75 | long leg | $1.5M | $1.1M | 10x | |
| QFEX SKHY-USD | +0.0004% | 1h | 192.71 | −0.021% | $1.2M | $4.3M | 10x | as long as short |
| Lighter SKHY | +0.0032% | 1h | 192.69 | −0.031% | $1.0M | $688K | 10x | as long as short |
| Lighter RH SKHY | +0.0032% | 1h | 192.68 | −0.036% | $1.1M | $1.5M | 10x | as long as short |
| Arcus SKHY-USD | +0.0040% | 1h | 192.69 | −0.031% | $57K | $154K | 10x | as long as short |
| Vest SKHY-USD-PERP | +0.0046% | 1h | 192.71 | −0.021% | — | $11K | 10x | as long as short |
| Popdex SKHYUSDT | +0.0048% | 1h | 192.84 | +0.047% | $199K | $256K | 20x | as long as short |
| tradeXYZ xyz:SKHY | +0.0050% | 1h | 192.70 | −0.026% | $161.2M | $67.2M | 10x | as long as short |
| Polymarket Perps SKHY-USD | +0.0050% | 1h | 192.71 | −0.021% | $188K | $456K | 10x | as long as short |
| SoDEX SKHY-USD | +0.0050% | 1h | 192.69 | −0.031% | $43K | $13K | 10x | as long as short |
| Ondo Perps SKHY-USD.P | +0.0050% | 1h | 192.64 | −0.057% | $584K | $2.2M | 10x | as long as short |
| KuCoin SKHYUSDTMshort | +0.0100% | 8h | 192.70 | −0.026% | $1.1M | $291K | 20x | |
| Orderly PERP_SKHY_USDC_mythos | +0.0100% | 8h | 192.70 | −0.026% | $2K | $4K | 10x | as long as short |
| BloFin SKHY-USDT | +0.0120% | 8h | 192.59 | −0.083% | $2.2M | $445K | 50x | as long as short |
| Bitget SKHYUSDT | +0.0131% | 8h | 192.79 | +0.021% | $25.4M | $26.8M | 20x | as long as short |
| Nado SKHY-PERP | +0.0168% | 1h | 192.75 | 0.000% | $38K | $26K | 10x | as long as short |
| Deribit SKHY_USDC-PERPETUAL | +0.0217% | 1h | 192.78 | +0.016% | $49K | $295K | 10x | as long as short |
| Phoenix SKHY | +0.0332% | 1h | 192.82 | +0.036% | $216K | $124K | 10x | as long as short |
| Kraken Futures PF_SKHYUSD | +0.0546% | 1h | 192.82 | +0.036% | $51K | $17K | 20x | as long as short |
SunX SKHY-USDT
HTX SKHY-USDT
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
Orderly PERP_SKHY_USDC_mythos
BloFin SKHY-USDT
Bitget SKHYUSDT
Nado SKHY-PERP
Deribit SKHY_USDC-PERPETUAL
Phoenix SKHY
Kraken Futures PF_SKHYUSD