Funding you earn now, next payment 04:00 UTC−0.0325%/8h= −35.6% APRnext payment −$0.41 per $10,000 · paid last 24h −0.080%
Price spread now: Ondo Perps against Phoenix−0.122%48s7-day average −0.165% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.227%−$23 on $10k
+Price spread, last 4 days (all we have)−0.493%−$49 · spread now −0.122%, 7d avg −0.165%
=Together, before fees−0.719%+ Points / potential airdropOndo Perps: Active · farm board−$72 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Ondo Perps is 0.043% dearer against Phoenix than usual: you sell high and buy low (spread −0.122% now, against its 7-day average of −0.165%): +$4 on $10k if it goes back. Holding the pair costs −$10 a day in funding at the current rate, which eats that in about 11 hours. At the pace of the last 7 days (−0.227% in total) that is about 32 hours. The two prices were read 48 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.227% in total (about -11.8% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.41 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phoenix SKHY | 189.01 | 0.0375 | pay 0.0047% / 1h | 4m 11s | $212K | $124K | 10x |
| Short | Ondo Perps SKHY-USD.P | 188.78 | 0.0050 | get 0.0006% / 1h | 4m 11s | $526K | $2.6M | 10x |
Phoenix SKHY
Ondo Perps SKHY-USD.PFunding history
latest
Range statsloading…
Price spread between the two exchanges
Ondo Perps against Phoenix. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$68.24
- Price spread: −0.122% → −0.165%
- $4.31
- Slippage, 4 orders
- no order book: not counted
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee Ondo Perps: 2.5 bp × 2 orders
- −$5
- Net
- −$75.92
- Costs to cover
- 0.120%
- Break-even
- never at this rate
Slippage unknown: Phoenix: live order book, 43 min ago; Ondo Perps: no order-book sample. Net counts fees only.
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, 43 min ago | 3.67 bp | 12.5 bp −$12 | 27.0 bp −$270 | doesn't fit | doesn't fit |
| Sell Ondo Perps no order-book sample | — | — | — | — | — |
Ondo Perps: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
SKHY on 31 venues
lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget SKHYUSDT | −0.0337% | 8h | 189.13 | +0.063% | $24.4M | $29.4M | 20x | as long as short |
| Coinbase International SKHY-PERP-INTX | −0.0104% | 1h | 189.86 | +0.450% | $36K | $876K | 10x | as long as short |
| edgeX SKHYUSDC | −0.0055% | 4h | 188.56 | −0.237% | $568K | $290K | 10x | as long as short |
| tradeXYZ xyz:SKHY | −0.0016% | 1h | 188.98 | −0.016% | $158.5M | $70.1M | 10x | as long as short |
| Aster SKHYUSDT | 0.0000% | 8h | 189.06 | +0.026% | $244K | $897K | 50x | as long as short |
| Extended SKHY-USD | 0.0000% | 1h | 189.01 | +0.002% | $55K | $7K | 10x | as long as short |
| Binance SKHYUSDT | 0.0000% | 8h | 189.06 | +0.026% | $199.5M | $412.3M | 50x | as long as short |
| Bybit SKHYUSDT | 0.0000% | 8h | 189.05 | +0.021% | $15.4M | $29.1M | 100x | as long as short |
| OKX SKHY-USDT-SWAP | 0.0000% | 8h | 189.05 | +0.021% | $44.8M | $73.8M | 50x | as long as short |
| Gate SKHY_USDT | 0.0000% | 8h | 188.99 | −0.011% | $25.3M | $19.9M | 75x | as long as short |
Bitget SKHYUSDT
Coinbase International SKHY-PERP-INTX
edgeX SKHYUSDC
tradeXYZ xyz:SKHY
Aster SKHYUSDT
Extended SKHY-USD
Binance SKHYUSDT
Bybit SKHYUSDT
OKX SKHY-USDT-SWAP
Gate SKHY_USDTShow all 31 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni SKHY | 0.0000% | 8h | 188.92 | −0.047% | $1.6M | $1.1M | — | as long as short |
| GRVT SKHY_USDT_Perp | 0.0000% | 8h | 188.81 | −0.104% | $22K | $216K | 10x | as long as short |
| SunX SKHY-USDT | 0.0000% | 8h | 189.24 | +0.122% | $693 | $6.2M | 10x | as long as short |
| Deribit SKHY_USDC-PERPETUAL | 0.0000% | 1h | 189.06 | +0.026% | $48K | $330K | 10x | as long as short |
| HTX SKHY-USDT | 0.0000% | 8h | 188.99 | −0.011% | $157K | $370K | 50x | as long as short |
| Phemex SKHYUSDT | 0.0000% | 8h | 189.08 | +0.037% | $1.5M | $1.1M | 10x | as long as short |
| Lighter SKHY | +0.0008% | 1h | 188.99 | −0.011% | $996K | $747K | 10x | as long as short |
| QFEX SKHY-USD | +0.0011% | 1h | 188.94 | −0.037% | $1.2M | $4.1M | 10x | as long as short |
| Nado SKHY-PERP | +0.0013% | 1h | 188.92 | −0.048% | $33K | $28K | 10x | as long as short |
| Lighter RH SKHY | +0.0032% | 1h | 188.96 | −0.026% | $1.0M | $1.5M | 10x | as long as short |
| Arcus SKHY-USD | +0.0040% | 1h | 188.81 | −0.106% | $58K | $164K | 10x | as long as short |
| Vest SKHY-USD-PERP | +0.0046% | 1h | 188.95 | −0.032% | — | $12K | 10x | as long as short |
| Popdex SKHYUSDT | +0.0048% | 1h | 188.96 | −0.026% | $199K | $258K | 20x | as long as short |
| Polymarket Perps SKHY-USD | +0.0050% | 1h | 188.90 | −0.058% | $182K | $472K | 10x | as long as short |
| SoDEX SKHY-USD | +0.0050% | 1h | 188.92 | −0.048% | $42K | $13K | 10x | as long as short |
| Ondo Perps SKHY-USD.Pshort | +0.0050% | 1h | 188.78 | −0.122% | $526K | $2.6M | 10x | |
| KuCoin SKHYUSDTM | +0.0100% | 8h | 188.97 | −0.021% | $1.1M | $311K | 20x | as long as short |
| Orderly PERP_SKHY_USDC_mythos | +0.0100% | 8h | 189.06 | +0.026% | $2K | $4K | 10x | as long as short |
| BloFin SKHY-USDT | +0.0120% | 8h | 188.87 | −0.074% | $2.2M | $438K | 50x | as long as short |
| Phoenix SKHYlong | +0.0375% | 1h | 189.01 | long leg | $212K | $124K | 10x | |
| Kraken Futures PF_SKHYUSD | +0.0693% | 1h | 189.07 | +0.033% | $48K | $19K | 20x | as long as short |
Variational Omni SKHY
GRVT SKHY_USDT_Perp
SunX SKHY-USDT
Deribit SKHY_USDC-PERPETUAL
HTX SKHY-USDT
Phemex SKHYUSDT
Lighter SKHY
QFEX SKHY-USD
Nado SKHY-PERP
Lighter RH SKHY
Arcus SKHY-USD
Vest SKHY-USD-PERP
Popdex SKHYUSDT
Polymarket Perps SKHY-USD
SoDEX SKHY-USD
KuCoin SKHYUSDTM
Orderly PERP_SKHY_USDC_mythos
BloFin SKHY-USDT
Kraken Futures PF_SKHYUSD