After costs, if the gap returns to its 7d average, $10k−$98
spread now+0.075%7d average−0.023%fees + slippage, in and out−$108spread needed1.081%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phemex SKHYUSDT | 187.54 | 0 | get 0.0000% / 8h | 5h 43m | $1.5M | $1.1M | 10x |
| Short | tradeXYZ xyz:SKHY | 187.68 | 0.0050 | get 0.0006% / 1h | 43m 26s | $170.8M | $56.1M | 10x |
Phemex SKHYUSDT
tradeXYZ xyz: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
- $7.47
- Funding while held
- $1.5
- Slippage, 4 orders
- −$78.08
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Net
- −$99.11
- Spread needed to break even
- 1.081%
Slippage from Phemex: live order book, 1 min ago; tradeXYZ: live order book, 7 min ago.
Cost of waiting
funding view- Funding /8h
- +0.0050%
- Per $10,000 a day
- +$1.50
- 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, 1 min ago | 2.67 bp | 46.5 bp −$46 | doesn't fit | doesn't fit | doesn't fit |
| Sell tradeXYZ live order book, 7 min ago | 0.27 bp | 9.6 bp −$10 | 11.1 bp −$111 | 15.3 bp −$1,525 | doesn't fit |
SKHY price on every exchange
against the cheapest. Click to use as the short leg.Variational Omni187.34cheapestHTX187.44+0.054%OKX187.48+0.075%Ondo Perps187.48+0.075%KuCoin187.53+0.102%edgeX187.54+0.106%Bybit187.54+0.107%
Variational Omni
HTX
OKX
Ondo Perps
KuCoin
BybitPhemex187.54+0.107%
Orderly187.55+0.112%SoDEX187.55+0.112%BloFin187.57+0.123%Binance187.58+0.126%Deribit187.58+0.128%Gate187.59+0.134%Polymarket Perps187.59+0.134%Lighter RH187.61+0.144%Kraken Futures187.63+0.155%Lighter187.65+0.166%Arcus187.65+0.166%Extended187.67+0.175%Coinbase International187.67+0.176%
Orderly
SoDEX
BloFin
Binance
Deribit
Gate
Polymarket Perps
Lighter RH
Kraken Futures
Lighter
Arcus
Extended
Coinbase InternationaltradeXYZ187.68+0.182%
QFEX187.69+0.187%Popdex187.69+0.187%Vest187.69+0.187%Aster187.70+0.192%Bitget187.71+0.198%Nado187.73+0.211%Phoenix187.79+0.240%SunX187.80+0.246%
QFEX
Popdex
Vest
Aster
Bitget
Nado
Phoenix
SunXSKHY on 30 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Variational Omni SKHY | −0.107% | 0.0000% | 8h | $1.5M | $2.6M | — | as long as short |
| HTX SKHY-USDT | −0.053% | 0.0000% | 8h | $154K | $378K | 50x | as long as short |
| OKX SKHY-USDT-SWAP | −0.032% | 0.0000% | 8h | $47.0M | $58.4M | 50x | as long as short |
| Ondo Perps SKHY-USD.P | −0.032% | +0.0050% | 1h | $519K | $837K | 10x | as long as short |
| KuCoin SKHYUSDTM | −0.005% | +0.0067% | 8h | $1.1M | $297K | 20x | as long as short |
| edgeX SKHYUSDC | −0.001% | −0.0701% | 4h | $565K | $290K | 10x | as long as short |
| Bybit SKHYUSDT | 0.000% | 0.0000% | 8h | $16.0M | $24.0M | 100x | as long as short |
| Phemex SKHYUSDTlong | 0.000% | 0.0000% | 8h | $1.5M | $1.1M | 10x | |
| Orderly PERP_SKHY_USDC_mythos | +0.005% | +0.0100% | 8h | $2K | $5K | 10x | as long as short |
| SoDEX SKHY-USD | +0.005% | +0.0050% | 1h | $41K | $12K | 10x | as long as short |
Show all 30 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| BloFin SKHY-USDT | +0.016% | +0.0120% | 8h | $2.2M | $349K | 50x | as long as short |
| Binance SKHYUSDT | +0.019% | 0.0000% | 8h | $214.2M | $345.6M | 50x | as long as short |
| Deribit SKHY_USDC-PERPETUAL | +0.021% | −0.0176% | 1h | $45K | $193K | 10x | as long as short |
| Gate SKHY_USDT | +0.027% | 0.0000% | 8h | $26.4M | $15.4M | 75x | as long as short |
| Polymarket Perps SKHY-USD | +0.027% | +0.0050% | 1h | $190K | $922K | 10x | as long as short |
| Lighter RH SKHY | +0.037% | +0.0032% | 1h | $1.1M | $1.4M | 10x | as long as short |
| Kraken Futures PF_SKHYUSD | +0.048% | +0.0555% | 1h | $49K | $25K | 20x | as long as short |
| Lighter SKHY | +0.059% | +0.0032% | 1h | $1.0M | $680K | 10x | as long as short |
| Arcus SKHY-USD | +0.059% | +0.0040% | 1h | $62K | $139K | 10x | as long as short |
| Extended SKHY-USD | +0.068% | 0.0000% | 1h | $54K | $2K | 10x | as long as short |
| Coinbase International SKHY-PERP-INTX | +0.069% | +0.0096% | 1h | $167K | $662K | 10x | as long as short |
| tradeXYZ xyz:SKHYshort | +0.075% | +0.0050% | 1h | $170.8M | $56.1M | 10x | |
| QFEX SKHY-USD | +0.080% | −0.0004% | 1h | $1.2M | $5.0M | 10x | as long as short |
| Popdex SKHYUSDT | +0.080% | +0.0048% | 1h | $202K | $224K | 20x | as long as short |
| Vest SKHY-USD-PERP | +0.080% | +0.0046% | 1h | — | $10K | 10x | as long as short |
| Aster SKHYUSDT | +0.085% | 0.0000% | 8h | $251K | $801K | 50x | as long as short |
| Bitget SKHYUSDT | +0.091% | 0.0000% | 8h | $25.5M | $22.7M | 20x | as long as short |
| Nado SKHY-PERP | +0.104% | −0.0102% | 1h | $28K | $1K | 10x | as long as short |
| Phoenix SKHY | +0.133% | +0.0342% | 1h | $212K | $109K | 10x | as long as short |
| SunX SKHY-USDT | +0.139% | 0.0000% | 8h | $687 | $7.3M | 10x | as long as short |