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Funding arb · Price arb /

SKHY

RWAall SKHY markets
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Alert: funding
Measured
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Alert: spread
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Funding you earn now, next payment 03:00 UTC−0.0372%/8h= −40.8% APRpaid last 24h −0.095%
Price spread now: HTX against Phoenix−0.016%7-day average −0.142% · you buy dearer than you sell
Net, funding: paid 7d − costs−$69as in the Funding arb table
Net, price: spread back to 7d avg − costs−$25as in the Price arb table
costs, in and out, $10k−$380.378% of the position
Long on PhoenixShort on HTX
What this pair did over the last
the charts below follow
Funding, last 7 days−0.311%−$31 on $10k
Price spread, last 4 days (all we have)−0.181%−$18 · spread now −0.016%, 7d avg −0.142%
Together, before fees−0.492%−$49 on $10k · with fees, hour by hour
The price spread pays, funding is against you. HTX is 0.127% dearer against Phoenix than usual: you sell high and buy low (spread −0.016% now, against its 7-day average of −0.142%): +$13 on $10k if it goes back. Holding the pair costs −$11 a day in funding at the current rate, which eats that in about 27 hours. At the pace of the last 7 days (−0.311% in total) that is about 2.9 days.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongPhoenix SKHY193.090.0372pay 0.0047% / 1h34m 46s$216K$124K10x
ShortHTX SKHY-USDT193.060get 0.0000% / 8h4h 34m$161K$367K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

HTX against Phoenix. Falling: the short leg gains. Rising: it loses.
latest
Price spreadloading…

Funding on every exchange

click an exchange to add or hide it
latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
−$78.18
Price spread: −0.016% → −0.142%
$12.68
Slippage, 4 orders
−$18.79
Fee Phoenix: 3.5 bp × 2 orders
−$7
Fee HTX: 6 bp × 2 orders
−$12
Net
−$103.3
Costs to cover
0.378%
Break-even
never at this rate
Slippage from Phoenix: live order book, 17 min ago; HTX: live order book, 23 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Phoenix live order book, 17 min ago2.59 bp9.9 bp −$1020.2 bp −$202doesn't fitdoesn't fit
Sell HTX live order book, 23 min ago2.59 bp8.6 bp −$911.1 bp −$111doesn't fitdoesn't fit

SKHY on 31 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
edgeX SKHYUSDC−0.0308%4h193.10+0.008%$582K$290K10xas long as short
Coinbase International SKHY-PERP-INTX−0.0048%1h192.84−0.129%$45K$861K10xas long as short
Aster SKHYUSDT0.0000%8h193.10+0.005%$249K$889K50xas long as short
Extended SKHY-USD0.0000%1h193.05−0.019%$56K$7K10xas long as short
Binance SKHYUSDT0.0000%8h193.10+0.005%$204.4M$392.8M50xas long as short
Bybit SKHYUSDT0.0000%8h193.090.000%$15.7M$27.5M100xas long as short
OKX SKHY-USDT-SWAP0.0000%8h193.11+0.010%$46.6M$69.9M50xas long as short
Gate SKHY_USDT0.0000%8h193.06−0.016%$25.8M$18.8M75xas long as short
Variational Omni SKHY0.0000%8h193.08−0.005%$1.6M$1.1M—as long as short
GRVT SKHY_USDT_Perp0.0000%8h193.12+0.016%$23K$201K10xas long as short
Show all 31 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
SunX SKHY-USDT0.0000%8h193.40+0.161%$708$6.3M10xas long as short
HTX SKHY-USDTshort0.0000%8h193.06−0.016%$161K$367K50x
Phemex SKHYUSDT0.0000%8h193.13+0.021%$1.5M$1.1M10xas long as short
QFEX SKHY-USD+0.0015%1h193.08−0.005%$1.2M$4.1M10xas long as short
Lighter SKHY+0.0032%1h193.00−0.047%$1.0M$686K10xas long as short
Lighter RH SKHY+0.0032%1h192.98−0.057%$1.1M$1.6M10xas long as short
Arcus SKHY-USD+0.0040%1h193.03−0.031%$57K$154K10xas long as short
Vest SKHY-USD-PERP+0.0046%1h193.08−0.005%—$12K10xas long as short
tradeXYZ xyz:SKHY+0.0047%1h192.97−0.062%$161.4M$67.7M10xas long as short
Popdex SKHYUSDT+0.0048%1h193.12+0.016%$201K$255K20xas long as short
Polymarket Perps SKHY-USD+0.0050%1h193.00−0.047%$189K$456K10xas long as short
SoDEX SKHY-USD+0.0050%1h193.090.000%$43K$13K10xas long as short
Ondo Perps SKHY-USD.P+0.0050%1h193.06−0.016%$574K$2.3M10xas long as short
Deribit SKHY_USDC-PERPETUAL+0.0061%1h193.12+0.016%$49K$316K10xas long as short
KuCoin SKHYUSDTM+0.0100%8h193.06−0.016%$1.1M$305K20xas long as short
Orderly PERP_SKHY_USDC_mythos+0.0100%8h193.13+0.021%$2K$4K10xas long as short
BloFin SKHY-USDT+0.0120%8h193.10+0.005%$2.2M$437K50xas long as short
Nado SKHY-PERP+0.0138%1h193.11+0.010%$38K$26K10xas long as short
Bitget SKHYUSDT+0.0158%8h193.15+0.031%$25.3M$26.9M20xas long as short
Phoenix SKHYlong+0.0372%1h193.09long leg$216K$124K10x
Kraken Futures PF_SKHYUSD+0.1058%1h193.18+0.048%$49K$19K20xas long as short