Funding you earn now, next payment 09:00 UTC+0.0048%/8h= +5.3% APRpaid last 24h +0.010%
Price spread now: Popdex against Phemex−0.043%7-day average +0.001% · 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−$107as in the Price arb table
costs, in and out, $10k−$1021.023% of the position
Funding, last 4 days (all we have)+0.047%+$5 on $10k
+Price spread, last 4 days (all we have)+0.341%+$34 · spread now −0.043%, 7d avg +0.001%
=Funding pays, the price is against you. Popdex is 0.045% cheaper against Phemex than usual: you would sell low and buy high (spread −0.043% now, against its 7-day average of +0.001%). If the spread goes back, that is −$4 on $10k: about 3.1 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 | 184.88 | 0 | get 0.0000% / 8h | 7h 19m | $1.5M | $1.1M | 10x |
| Short | Popdex SKHYUSDT | 184.80 | 0.0048 | get 0.0006% / 1h | 19m 47s | $199K | $295K | 20x |
Phemex SKHYUSDT
Popdex SKHYUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Popdex 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
- $10.08
- Price spread: −0.043% → +0.001%
- −$4.47
- Slippage, 4 orders
- −$83.9
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee Popdex: 3.2 bp × 2 orders
- −$6.4
- Net
- −$96.69
- Costs to cover
- 1.023%
- Break-even
- 74.1 days
Slippage from Phemex: live order book, 3 min ago; Popdex: live order book, 14 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 | 3.79 bp | 44.8 bp −$45 | doesn't fit | doesn't fit | doesn't fit |
| Sell Popdex live order book, 14 min ago | 0.81 bp | 4.8 bp −$5 | 8.6 bp −$86 | 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 | −0.1152% | 8h | 185.07 | +0.103% | $25.5M | $35.2M | 20x | as long as short |
| KuCoin SKHYUSDTM | −0.0246% | 8h | 184.74 | −0.076% | $1.1M | $376K | 20x | as long as short |
| edgeX SKHYUSDC | −0.0224% | 4h | 184.38 | −0.268% | $556K | $290K | 10x | as long as short |
| GRVT SKHY_USDT_Perp | −0.0198% | 8h | 184.46 | −0.227% | $22K | $246K | 10x | as long as short |
| tradeXYZ xyz:SKHY | −0.0051% | 1h | 184.92 | +0.022% | $156.7M | $78.0M | 10x | as long as short |
| Extended SKHY-USD | −0.0048% | 1h | 184.82 | −0.033% | $54K | $7K | 10x | as long as short |
| Binance SKHYUSDT | −0.0041% | 8h | 184.95 | +0.038% | $196.1M | $465.0M | 50x | as long as short |
| Nado SKHY-PERP | −0.0032% | 1h | 184.88 | −0.001% | $32K | $28K | 10x | as long as short |
| QFEX SKHY-USD | −0.0028% | 1h | 184.84 | −0.022% | $1.2M | $4.3M | 10x | as long as short |
| Variational Omni SKHY | −0.0022% | 8h | 184.84 | −0.023% | $1.6M | $1.0M | — | as long as short |
Bitget SKHYUSDT
KuCoin SKHYUSDTM
edgeX SKHYUSDC
GRVT SKHY_USDT_Perp
tradeXYZ xyz:SKHY
Extended SKHY-USD
Binance SKHYUSDT
Nado SKHY-PERP
QFEX SKHY-USD
Variational Omni SKHYShow all 31 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster SKHYUSDT | 0.0000% | 8h | 184.71 | −0.091% | $265K | $951K | 50x | as long as short |
| Bybit SKHYUSDT | 0.0000% | 8h | 184.96 | +0.043% | $16.0M | $33.3M | 100x | as long as short |
| OKX SKHY-USDT-SWAP | 0.0000% | 8h | 184.92 | +0.022% | $43.8M | $81.8M | 50x | as long as short |
| Gate SKHY_USDT | 0.0000% | 8h | 184.96 | +0.043% | $25.5M | $21.8M | 75x | as long as short |
| SunX SKHY-USDT | 0.0000% | 8h | 185.08 | +0.108% | $677 | $5.9M | 10x | as long as short |
| Deribit SKHY_USDC-PERPETUAL | 0.0000% | 1h | 184.94 | +0.032% | $47K | $354K | 10x | as long as short |
| HTX SKHY-USDT | 0.0000% | 8h | 184.72 | −0.087% | $153K | $375K | 50x | as long as short |
| Phemex SKHYUSDTlong | 0.0000% | 8h | 184.88 | long leg | $1.5M | $1.1M | 10x | |
| Coinbase International SKHY-PERP-INTX | +0.0024% | 1h | 183.79 | −0.590% | $66K | $750K | 10x | as long as short |
| Lighter SKHY | +0.0032% | 1h | 184.94 | +0.032% | $983K | $1.3M | 10x | as long as short |
| Lighter RH SKHY | +0.0032% | 1h | 184.88 | 0.000% | $1.1M | $1.5M | 10x | as long as short |
| Ondo Perps SKHY-USD.P | +0.0039% | 1h | 184.81 | −0.038% | $510K | $2.6M | 10x | as long as short |
| Arcus SKHY-USD | +0.0040% | 1h | 184.70 | −0.097% | $59K | $173K | 10x | as long as short |
| Vest SKHY-USD-PERP | +0.0046% | 1h | 184.74 | −0.076% | — | $38K | 10x | as long as short |
| Popdex SKHYUSDTshort | +0.0048% | 1h | 184.80 | −0.043% | $199K | $295K | 20x | |
| Polymarket Perps SKHY-USD | +0.0050% | 1h | 184.75 | −0.070% | $179K | $451K | 10x | as long as short |
| SoDEX SKHY-USD | +0.0050% | 1h | 184.76 | −0.065% | $41K | $12K | 10x | as long as short |
| BloFin SKHY-USDT | +0.0067% | 8h | 184.83 | −0.027% | $2.1M | $446K | 50x | as long as short |
| Orderly PERP_SKHY_USDC_mythos | +0.0100% | 8h | 184.76 | −0.065% | $2K | $4K | 10x | as long as short |
| Kraken Futures PF_SKHYUSD | +0.0171% | 1h | 184.94 | +0.034% | $48K | $20K | 20x | as long as short |
| Phoenix SKHY | +0.0215% | 1h | 184.57 | −0.168% | $207K | $123K | 10x | as long as short |
Aster SKHYUSDT
Bybit SKHYUSDT
OKX SKHY-USDT-SWAP
Gate SKHY_USDT
SunX SKHY-USDT
Deribit SKHY_USDC-PERPETUAL
HTX SKHY-USDT
Coinbase International SKHY-PERP-INTX
Lighter SKHY
Lighter RH SKHY
Ondo Perps SKHY-USD.P
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