SKHY

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After costs, if the gap returns to its 7d average, $10k−$174

spread now−0.617%7d average−0.005%fees + slippage, in and out−$113spread needed1.127%

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phemex SKHYUSDT	188.14	0	get 0.0000% / 8h	2h 26m	$1.5M	$1.0M	10x
Short	QFEX SKHY-USD	186.98	−0.0020	pay 0.0003% / 1h	26m 22s	$1.2M	$4.3M	10x

Price spread history

latest

Range statsloading…

share of time at each level, last 7D

opened in the past, held until now, after costs

Backtest 7 days Backtest 30 days Backtest 90 daysopens the backtester with this pair and $10,000 a leg

Position, each leg$Hold forhoursFee PhemexbpFee QFEXbpOrdersClose when spread is

Slippage from Phemex: live order book, 3 min ago; QFEX: live order book, 4 min ago.

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	8.53 bp	54.5 bp −$54	doesn't fit	doesn't fit	doesn't fit
Sell QFEX live order book, 4 min ago	1.59 bp	6.6 bp −$7	7.5 bp −$75	16.7 bp −$1,668	doesn't fit

cheapest first. Swap a leg.

Exchange	vs long leg	Funding /8h	Every	OI	Vol 24h	Max lev
Nado SKHY-PERP	−0.805%	−0.0213%	1h	$28K	—	10x	as long as short
QFEX SKHY-USDshort	−0.617%	−0.0020%	1h	$1.2M	$4.3M	10x
OKX SKHY-USDT-SWAP	−0.526%	0.0000%	8h	$48.4M	$35.4M	50x	as long as short
Coinbase International SKHY-PERP-INTX	−0.526%	−0.0120%	1h	$37K	$418K	10x	as long as short
Popdex SKHYUSDT	−0.505%	+0.0048%	1h	$201K	$149K	20x	as long as short
Bitget SKHYUSDT	−0.489%	0.0000%	8h	$24.8M	$13.4M	20x	as long as short
Orderly PERP_SKHY_USDC_mythos	−0.484%	+0.0100%	8h	$2K	$5K	10x	as long as short
Binance SKHYUSDT	−0.483%	0.0000%	8h	$239.3M	$173.2M	50x	as long as short
Arcus SKHY-USD	−0.478%	+0.0040%	1h	$53K	$96K	10x	as long as short
Vest SKHY-USD-PERP	−0.468%	+0.0046%	1h	—	$9K	10x	as long as short

Show all 30 venues

Exchange	vs long leg	Funding /8h	Every	OI	Vol 24h	Max lev
Bybit SKHYUSDT	−0.452%	0.0000%	8h	$16.2M	$14.8M	100x	as long as short
tradeXYZ xyz:SKHY	−0.446%	+0.0046%	1h	$190.0M	$28.4M	10x	as long as short
Extended SKHY-USD	−0.433%	0.0000%	1h	$54K	—	10x	as long as short
Aster SKHYUSDT	−0.422%	0.0000%	8h	$265K	$184K	50x	as long as short
Gate SKHY_USDT	−0.415%	0.0000%	8h	$28.2M	$9.7M	75x	as long as short
KuCoin SKHYUSDTM	−0.361%	−0.0095%	8h	$1.1M	$255K	20x	as long as short
Polymarket Perps SKHY-USD	−0.356%	+0.0050%	1h	$178K	$848K	10x	as long as short
Lighter RH SKHY	−0.340%	+0.0032%	1h	$1.2M	$1.1M	10x	as long as short
Lighter SKHY	−0.319%	+0.0032%	1h	$995K	$461K	10x	as long as short
Ondo Perps SKHY-USD.P	−0.202%	+0.0050%	1h	$621K	$503K	10x	as long as short
HTX SKHY-USDT	−0.080%	0.0000%	8h	$157K	$360K	50x	as long as short
edgeX SKHYUSDC	−0.071%	−0.0559%	4h	$567K	$283K	10x	as long as short
SoDEX SKHY-USD	−0.058%	+0.0050%	1h	$42K	$11K	10x	as long as short
Phoenix SKHY	−0.011%	+0.0338%	1h	$219K	$23K	10x	as long as short
Phemex SKHYUSDTlong	0.000%	0.0000%	8h	$1.5M	$1.0M	10x
Deribit SKHY_USDC-PERPETUAL	+0.016%	+0.0122%	1h	$37K	$121K	10x	as long as short
BloFin SKHY-USDT	+0.048%	+0.0120%	8h	$2.4M	$256K	50x	as long as short
Kraken Futures PF_SKHYUSD	+0.053%	+0.0255%	1h	$51K	$20K	20x	as long as short
SunX SKHY-USDT	+0.117%	0.0000%	8h	$690	$3.9M	10x	as long as short
Variational Omni SKHY	+0.435%	0.0000%	8h	$1.4M	$2.8M	—	as long as short