After costs, if the gap returns to its 7d average, $10k−$12
spread now+0.096%7d average−0.144%fees + slippage, in and out−$36spread needed0.364%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phoenix SKHY | 187.48 | 0.0342 | pay 0.0043% / 1h | 45m 03s | $212K | $109K | 10x |
| Short | Bybit SKHYUSDT | 187.66 | 0 | get 0.0000% / 8h | 5h 45m | $15.9M | $23.9M | 100x |
Phoenix SKHY
Bybit 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
- $9.6
- Funding while held
- −$10.25
- Slippage, 4 orders
- −$18.38
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$37.03
- Spread needed to break even
- 0.364%
Slippage from Phoenix: live order book, 51 min ago; Bybit: live order book, 5 min ago.
Cost of waiting
funding view- Funding /8h
- −0.0342%
- Per $10,000 a day
- −$10.25
- 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, 51 min ago | 3.19 bp | 10.6 bp −$11 | 22.3 bp −$223 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 5 min ago | 0.53 bp | 7.8 bp −$8 | 12.5 bp −$125 | 38.0 bp −$3,800 | doesn't fit |
SKHY price on every exchange
against the cheapest. Click to use as the short leg.Ondo Perps187.22cheapestedgeX187.32+0.055%Variational Omni187.34+0.064%HTX187.41+0.101%KuCoin187.47+0.134%Arcus187.48+0.139%
Ondo Perps
Variational Omni
HTX
KuCoin
ArcusPhoenix187.48+0.139%
Polymarket Perps187.52+0.160%Popdex187.54+0.171%Vest187.55+0.176%QFEX187.56+0.182%SoDEX187.56+0.182%OKX187.57+0.187%Phemex187.57+0.187%BloFin187.57+0.187%Lighter RH187.60+0.203%Deribit187.60+0.203%Extended187.60+0.205%Binance187.61+0.208%Lighter187.62+0.214%Orderly187.62+0.214%Nado187.62+0.216%Gate187.63+0.219%Aster187.63+0.219%tradeXYZ187.66+0.235%
Polymarket Perps
Popdex
Vest
QFEX
SoDEX
OKX
Phemex
BloFin
Lighter RH
Deribit
Extended
Binance
Lighter
Orderly
Nado
Gate
Aster
tradeXYZBybit187.66+0.235%
Kraken Futures187.66+0.236%Coinbase International187.67+0.240%Bitget187.68+0.246%SunX187.73+0.272%
Kraken Futures
Coinbase International
Bitget
SunXSKHY on 30 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Ondo Perps SKHY-USD.P | −0.139% | +0.0050% | 1h | $519K | $836K | 10x | as long as short |
| edgeX SKHYUSDC | −0.083% | −0.0921% | 4h | $565K | $290K | 10x | as long as short |
| Variational Omni SKHY | −0.075% | 0.0000% | 8h | $1.5M | $2.6M | — | as long as short |
| HTX SKHY-USDT | −0.037% | 0.0000% | 8h | $154K | $378K | 50x | as long as short |
| KuCoin SKHYUSDTM | −0.005% | +0.0072% | 8h | $1.1M | $297K | 20x | as long as short |
| Arcus SKHY-USD | 0.000% | +0.0040% | 1h | $62K | $139K | 10x | as long as short |
| Phoenix SKHYlong | 0.000% | +0.0342% | 1h | $212K | $109K | 10x | |
| Polymarket Perps SKHY-USD | +0.021% | +0.0050% | 1h | $190K | $922K | 10x | as long as short |
| Popdex SKHYUSDT | +0.032% | +0.0048% | 1h | $202K | $224K | 20x | as long as short |
| Vest SKHY-USD-PERP | +0.037% | +0.0046% | 1h | — | $10K | 10x | as long as short |
Show all 30 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| QFEX SKHY-USD | +0.043% | −0.0004% | 1h | $1.2M | $5.0M | 10x | as long as short |
| SoDEX SKHY-USD | +0.043% | +0.0050% | 1h | $41K | $12K | 10x | as long as short |
| OKX SKHY-USDT-SWAP | +0.048% | 0.0000% | 8h | $47.0M | $58.4M | 50x | as long as short |
| Phemex SKHYUSDT | +0.048% | 0.0000% | 8h | $1.5M | $1.1M | 10x | as long as short |
| BloFin SKHY-USDT | +0.048% | +0.0120% | 8h | $2.2M | $349K | 50x | as long as short |
| Lighter RH SKHY | +0.064% | +0.0032% | 1h | $1.1M | $1.4M | 10x | as long as short |
| Deribit SKHY_USDC-PERPETUAL | +0.064% | −0.0123% | 1h | $45K | $192K | 10x | as long as short |
| Extended SKHY-USD | +0.066% | 0.0000% | 1h | $54K | $2K | 10x | as long as short |
| Binance SKHYUSDT | +0.069% | 0.0000% | 8h | $214.1M | $345.2M | 50x | as long as short |
| Lighter SKHY | +0.075% | +0.0032% | 1h | $1.0M | $680K | 10x | as long as short |
| Orderly PERP_SKHY_USDC_mythos | +0.075% | +0.0100% | 8h | $2K | $5K | 10x | as long as short |
| Nado SKHY-PERP | +0.077% | −0.0098% | 1h | $28K | $1K | 10x | as long as short |
| Gate SKHY_USDT | +0.080% | 0.0000% | 8h | $26.5M | $15.4M | 75x | as long as short |
| Aster SKHYUSDT | +0.080% | 0.0000% | 8h | $253K | $801K | 50x | as long as short |
| tradeXYZ xyz:SKHY | +0.096% | +0.0050% | 1h | $170.8M | $56.1M | 10x | as long as short |
| Bybit SKHYUSDTshort | +0.096% | 0.0000% | 8h | $15.9M | $23.9M | 100x | |
| Kraken Futures PF_SKHYUSD | +0.097% | +0.0555% | 1h | $49K | $25K | 20x | as long as short |
| Coinbase International SKHY-PERP-INTX | +0.101% | +0.0096% | 1h | $167K | $662K | 10x | as long as short |
| Bitget SKHYUSDT | +0.107% | 0.0000% | 8h | $25.5M | $22.6M | 20x | as long as short |
| SunX SKHY-USDT | +0.133% | 0.0000% | 8h | $687 | $7.3M | 10x | as long as short |