After costs, if the gap returns to its 7d average, $10k−$94
spread now−0.005%7d average−0.077%fees + slippage, in and out−$101spread needed1.015%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phemex SKHYUSDT | 186.89 | 0 | get 0.0000% / 8h | 1h 19m | $1.5M | $1.1M | 10x |
| Short | Lighter RH SKHY | 186.88 | 0.0032 | get 0.0004% / 1h | 19m 39s | $1.1M | $1.2M | 10x |
Phemex SKHYUSDT
Lighter RH SKHYPrice spread history
latest
Range statsloading…
How often the spread is this wide
share of time at each level, last 7DBacktest
opened in the past, held until now, after costsProfit calculator
- Spread captured
- −$0.54
- Funding while held
- $0.96
- Slippage, 4 orders
- −$89.47
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee Lighter RH: 0 bp × 2 orders
- $0
- Net
- −$101.05
- Spread needed to break even
- 1.015%
Slippage from Phemex: live order book, 5 min ago; Lighter RH: live order book, 4 min ago.
Cost of waiting
funding view- Funding /8h
- +0.0032%
- Per $10,000 a day
- +$0.96
- Average in range /8h
- —
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, 5 min ago | 3.22 bp | 43.3 bp −$43 | doesn't fit | doesn't fit | doesn't fit |
| Sell Lighter RH live order book, 4 min ago | 1.61 bp | 2.1 bp −$2 | 10.6 bp −$106 | doesn't fit | doesn't fit |
SKHY price on every exchange
against the cheapest. Click to use as the short leg.edgeX186.64cheapestPhoenix186.77+0.070%Polymarket Perps186.80+0.086%BloFin186.81+0.092%SoDEX186.84+0.108%Vest186.87+0.124%tradeXYZ186.88+0.129%
Phoenix
Polymarket Perps
BloFin
SoDEX
Vest
tradeXYZLighter RH186.88+0.129%
Arcus186.88+0.129%Orderly186.88+0.129%Coinbase International186.88+0.129%Lighter186.89+0.134%QFEX186.89+0.134%HTX186.89+0.134%
Arcus
Orderly
Coinbase International
Lighter
QFEX
HTXPhemex186.89+0.134%
Deribit186.91+0.145%Extended186.92+0.148%Ondo Perps186.92+0.151%Popdex186.96+0.172%KuCoin186.96+0.172%Bitget186.96+0.172%Nado186.97+0.175%OKX186.97+0.177%Binance186.98+0.180%Gate186.98+0.183%Bybit187.00+0.193%Aster187.03+0.210%Kraken Futures187.06+0.225%Variational Omni187.09+0.243%SunX187.17+0.284%
Deribit
Extended
Ondo Perps
Popdex
KuCoin
Bitget
Nado
OKX
Binance
Gate
Bybit
Aster
Kraken Futures
Variational Omni
SunXSKHY on 30 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| edgeX SKHYUSDC | −0.134% | −0.0130% | 4h | $563K | $289K | 10x | as long as short |
| Phoenix SKHY | −0.064% | +0.0298% | 1h | $211K | $76K | 10x | as long as short |
| Polymarket Perps SKHY-USD | −0.048% | +0.0050% | 1h | $179K | $898K | 10x | as long as short |
| BloFin SKHY-USDT | −0.043% | +0.0120% | 8h | $2.3M | $280K | 50x | as long as short |
| SoDEX SKHY-USD | −0.027% | +0.0050% | 1h | $41K | $11K | 10x | as long as short |
| Vest SKHY-USD-PERP | −0.011% | +0.0046% | 1h | — | $10K | 10x | as long as short |
| tradeXYZ xyz:SKHY | −0.005% | −0.0012% | 1h | $185.0M | $35.5M | 10x | as long as short |
| Lighter RH SKHYshort | −0.005% | +0.0032% | 1h | $1.1M | $1.2M | 10x | |
| Arcus SKHY-USD | −0.005% | +0.0040% | 1h | $53K | $122K | 10x | as long as short |
| Orderly PERP_SKHY_USDC_mythos | −0.005% | +0.0100% | 8h | $2K | $5K | 10x | as long as short |
Show all 30 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Coinbase International SKHY-PERP-INTX | −0.005% | −0.0128% | 1h | $111K | $521K | 10x | as long as short |
| Lighter SKHY | 0.000% | +0.0032% | 1h | $998K | $615K | 10x | as long as short |
| QFEX SKHY-USD | 0.000% | −0.0009% | 1h | $1.2M | $4.4M | 10x | as long as short |
| HTX SKHY-USDT | 0.000% | 0.0000% | 8h | $153K | $388K | 50x | as long as short |
| Phemex SKHYUSDTlong | 0.000% | 0.0000% | 8h | $1.5M | $1.1M | 10x | |
| Deribit SKHY_USDC-PERPETUAL | +0.011% | 0.0000% | 1h | $38K | $127K | 10x | as long as short |
| Extended SKHY-USD | +0.014% | 0.0000% | 1h | $54K | $2K | 10x | as long as short |
| Ondo Perps SKHY-USD.P | +0.016% | +0.0050% | 1h | $503K | $742K | 10x | as long as short |
| Popdex SKHYUSDT | +0.037% | +0.0048% | 1h | $199K | $184K | 20x | as long as short |
| KuCoin SKHYUSDTM | +0.037% | −0.0049% | 8h | $1.1M | $294K | 20x | as long as short |
| Bitget SKHYUSDT | +0.037% | 0.0000% | 8h | $23.9M | $17.9M | 20x | as long as short |
| Nado SKHY-PERP | +0.040% | −0.0128% | 1h | $28K | $1K | 10x | as long as short |
| OKX SKHY-USDT-SWAP | +0.043% | 0.0000% | 8h | $47.3M | $48.5M | 50x | as long as short |
| Binance SKHYUSDT | +0.046% | 0.0000% | 8h | $231.0M | $254.4M | 50x | as long as short |
| Gate SKHY_USDT | +0.048% | 0.0000% | 8h | $27.3M | $12.3M | 75x | as long as short |
| Bybit SKHYUSDT | +0.059% | 0.0000% | 8h | $15.8M | $20.1M | 100x | as long as short |
| Aster SKHYUSDT | +0.076% | 0.0000% | 8h | $244K | $449K | 50x | as long as short |
| Kraken Futures PF_SKHYUSD | +0.090% | +0.0436% | 1h | $48K | $24K | 20x | as long as short |
| Variational Omni SKHY | +0.109% | 0.0000% | 8h | $1.4M | $2.9M | — | as long as short |
| SunX SKHY-USDT | +0.150% | 0.0000% | 8h | $792 | $5.9M | 10x | as long as short |