After costs, if the gap returns to its 7d average, $10k−$6
spread now+0.150%7d average−0.102%fees + slippage, in and out−$31spread needed0.312%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phoenix SKHY | 187.28 | 0.0256 | pay 0.0032% / 1h | 28m 58s | $211K | $91K | 10x |
| Short | Binance SKHYUSDT | 187.56 | 0 | get 0.0000% / 8h | 28m 58s | $223.0M | $285.1M | 50x |
Phoenix SKHY
Binance SKHYUSDTPrice 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
- $14.95
- Funding while held
- −$7.69
- Slippage, 4 orders
- −$14.23
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$23.97
- Spread needed to break even
- 0.312%
Slippage from Phoenix: live order book, 17 min ago; Binance: live order book, 16 min ago.
Cost of waiting
funding view- Funding /8h
- −0.0256%
- Per $10,000 a day
- −$7.69
- 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 Phoenix live order book, 17 min ago | 2.67 bp | 9.8 bp −$10 | 20.4 bp −$204 | doesn't fit | doesn't fit |
| Sell Binance live order book, 16 min ago | 0.27 bp | 5.7 bp −$6 | 7.7 bp −$77 | 19.8 bp −$1,978 | 53.6 bp −$26.8K |
SKHY price on every exchange
against the cheapest. Click to use as the short leg.Coinbase International186.75cheapestedgeX186.98+0.125%Variational Omni187.10+0.186%Ondo Perps187.12+0.198%Lighter RH187.25+0.268%
Coinbase International
Variational Omni
Ondo Perps
Lighter RHPhoenix187.28+0.284%
Vest187.33+0.311%BloFin187.33+0.311%Nado187.35+0.320%Polymarket Perps187.35+0.321%HTX187.35+0.321%Phemex187.35+0.321%Lighter187.38+0.337%tradeXYZ187.40+0.348%Arcus187.40+0.348%KuCoin187.40+0.348%SoDEX187.41+0.353%Extended187.42+0.358%QFEX187.43+0.364%Deribit187.43+0.364%Aster187.43+0.366%Popdex187.44+0.369%Orderly187.46+0.380%Bitget187.47+0.386%Gate187.49+0.396%OKX187.55+0.428%Kraken Futures187.56+0.433%
Vest
BloFin
Nado
Polymarket Perps
HTX
Phemex
Lighter
tradeXYZ
Arcus
KuCoin
SoDEX
Extended
QFEX
Deribit
Aster
Popdex
Orderly
Bitget
Gate
OKX
Kraken FuturesBinance187.56+0.434%
Bybit187.61+0.461%SunX187.73+0.525%
Bybit
SunXSKHY on 30 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Coinbase International SKHY-PERP-INTX | −0.283% | 0.0000% | 1h | $110K | $523K | 10x | as long as short |
| edgeX SKHYUSDC | −0.158% | −0.0335% | 4h | $564K | $290K | 10x | as long as short |
| Variational Omni SKHY | −0.098% | 0.0000% | 8h | $1.4M | $2.9M | — | as long as short |
| Ondo Perps SKHY-USD.P | −0.085% | +0.0050% | 1h | $516K | $788K | 10x | as long as short |
| Lighter RH SKHY | −0.016% | +0.0032% | 1h | $1.1M | $1.3M | 10x | as long as short |
| Phoenix SKHYlong | 0.000% | +0.0256% | 1h | $211K | $91K | 10x | |
| Vest SKHY-USD-PERP | +0.027% | +0.0046% | 1h | — | $10K | 10x | as long as short |
| BloFin SKHY-USDT | +0.027% | +0.0120% | 8h | $2.3M | $293K | 50x | as long as short |
| Nado SKHY-PERP | +0.036% | −0.0062% | 1h | $28K | $1K | 10x | as long as short |
| Polymarket Perps SKHY-USD | +0.037% | +0.0050% | 1h | $180K | $898K | 10x | as long as short |
Show all 30 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| HTX SKHY-USDT | +0.037% | 0.0000% | 8h | $154K | $387K | 50x | as long as short |
| Phemex SKHYUSDT | +0.037% | 0.0000% | 8h | $1.5M | $1.1M | 10x | as long as short |
| Lighter SKHY | +0.053% | +0.0032% | 1h | $1.0M | $643K | 10x | as long as short |
| tradeXYZ xyz:SKHY | +0.064% | +0.0050% | 1h | $176.0M | $47.3M | 10x | as long as short |
| Arcus SKHY-USD | +0.064% | +0.0040% | 1h | $53K | $125K | 10x | as long as short |
| KuCoin SKHYUSDTM | +0.064% | +0.0031% | 8h | $1.1M | $301K | 20x | as long as short |
| SoDEX SKHY-USD | +0.069% | +0.0050% | 1h | $41K | $11K | 10x | as long as short |
| Extended SKHY-USD | +0.074% | 0.0000% | 1h | $54K | $2K | 10x | as long as short |
| QFEX SKHY-USD | +0.080% | −0.0004% | 1h | $1.2M | $4.6M | 10x | as long as short |
| Deribit SKHY_USDC-PERPETUAL | +0.080% | 0.0000% | 1h | $40K | $134K | 10x | as long as short |
| Aster SKHYUSDT | +0.082% | 0.0000% | 8h | $265K | $511K | 50x | as long as short |
| Popdex SKHYUSDT | +0.085% | +0.0048% | 1h | $202K | $201K | 20x | as long as short |
| Orderly PERP_SKHY_USDC_mythos | +0.096% | +0.0100% | 8h | $2K | $5K | 10x | as long as short |
| Bitget SKHYUSDT | +0.101% | 0.0000% | 8h | $24.3M | $19.6M | 20x | as long as short |
| Gate SKHY_USDT | +0.112% | 0.0000% | 8h | $26.9M | $13.1M | 75x | as long as short |
| OKX SKHY-USDT-SWAP | +0.144% | 0.0000% | 8h | $47.4M | $51.4M | 50x | as long as short |
| Kraken Futures PF_SKHYUSD | +0.149% | +0.0593% | 1h | $48K | $24K | 20x | as long as short |
| Binance SKHYUSDTshort | +0.150% | 0.0000% | 8h | $223.0M | $285.1M | 50x | |
| Bybit SKHYUSDT | +0.176% | 0.0000% | 8h | $16.0M | $21.0M | 100x | as long as short |
| SunX SKHY-USDT | +0.240% | 0.0000% | 8h | $687 | $6.8M | 10x | as long as short |