After costs, if the gap returns to its 7d average, $10k−$120
spread now−0.155%7d average−0.115%fees + slippage, in and out−$116spread needed1.163%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phoenix SKHY | 187.41 | 0.0297 | pay 0.0037% / 1h | 9m 54s | $211K | $104K | 10x |
| Short | Phemex SKHYUSDT | 187.12 | 0 | get 0.0000% / 8h | 6h 09m | $1.5M | $1.1M | 10x |
Phoenix SKHY
Phemex 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
- −$15.47
- Funding while held
- −$8.9
- Slippage, 4 orders
- −$97.31
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$140.69
- Spread needed to break even
- 1.163%
Slippage from Phoenix: live order book, 27 min ago; Phemex: live order book, 4 min ago.
Cost of waiting
funding view- Funding /8h
- −0.0297%
- Per $10,000 a day
- −$8.90
- 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, 27 min ago | 3.19 bp | 10.6 bp −$11 | 22.3 bp −$223 | doesn't fit | doesn't fit |
| Sell Phemex live order book, 4 min ago | 2.13 bp | 50.8 bp −$51 | doesn't fit | doesn't fit | doesn't fit |
SKHY price on every exchange
against the cheapest. Click to use as the short leg.OKX186.93cheapestBitget186.97+0.021%Polymarket Perps187.00+0.037%KuCoin187.01+0.043%Bybit187.02+0.048%HTX187.02+0.048%BloFin187.02+0.048%Binance187.04+0.058%Lighter RH187.04+0.059%Gate187.05+0.064%Aster187.06+0.067%Extended187.07+0.075%tradeXYZ187.08+0.080%Popdex187.08+0.080%Variational Omni187.08+0.081%Lighter187.09+0.086%QFEX187.09+0.086%Nado187.09+0.088%Vest187.10+0.091%SoDEX187.10+0.091%
OKX
Bitget
Polymarket Perps
KuCoin
Bybit
HTX
BloFin
Binance
Lighter RH
Gate
Aster
Extended
tradeXYZ
Popdex
Variational Omni
Lighter
QFEX
Nado
Vest
SoDEXPhemex187.12+0.102%
Arcus187.14+0.112%Orderly187.14+0.112%Deribit187.17+0.128%Ondo Perps187.21+0.150%Kraken Futures187.26+0.177%SunX187.38+0.241%
Arcus
Orderly
Deribit
Ondo Perps
Kraken Futures
SunXPhoenix187.41+0.257%
edgeX187.45+0.277%Coinbase International187.99+0.567%
Coinbase InternationalSKHY on 30 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| OKX SKHY-USDT-SWAP | −0.256% | 0.0000% | 8h | $46.8M | $57.2M | 50x | as long as short |
| Bitget SKHYUSDT | −0.235% | 0.0000% | 8h | $25.4M | $22.4M | 20x | as long as short |
| Polymarket Perps SKHY-USD | −0.219% | +0.0050% | 1h | $189K | $922K | 10x | as long as short |
| KuCoin SKHYUSDTM | −0.213% | +0.0087% | 8h | $1.1M | $297K | 20x | as long as short |
| Bybit SKHYUSDT | −0.208% | 0.0000% | 8h | $15.9M | $23.4M | 100x | as long as short |
| HTX SKHY-USDT | −0.208% | 0.0000% | 8h | $153K | $377K | 50x | as long as short |
| BloFin SKHY-USDT | −0.208% | +0.0120% | 8h | $2.3M | $345K | 50x | as long as short |
| Binance SKHYUSDT | −0.198% | 0.0000% | 8h | $214.0M | $338.0M | 50x | as long as short |
| Lighter RH SKHY | −0.197% | +0.0032% | 1h | $1.1M | $1.3M | 10x | as long as short |
| Gate SKHY_USDT | −0.192% | 0.0000% | 8h | $26.7M | $15.1M | 75x | as long as short |
Show all 30 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Aster SKHYUSDT | −0.189% | 0.0000% | 8h | $252K | $777K | 50x | as long as short |
| Extended SKHY-USD | −0.182% | 0.0000% | 1h | $55K | $2K | 10x | as long as short |
| tradeXYZ xyz:SKHY | −0.176% | +0.0005% | 1h | $170.6M | $55.6M | 10x | as long as short |
| Popdex SKHYUSDT | −0.176% | +0.0048% | 1h | $200K | $219K | 20x | as long as short |
| Variational Omni SKHY | −0.176% | 0.0000% | 8h | $1.5M | $2.6M | — | as long as short |
| Lighter SKHY | −0.171% | +0.0032% | 1h | $1.0M | $675K | 10x | as long as short |
| QFEX SKHY-USD | −0.171% | −0.0014% | 1h | $1.2M | $5.0M | 10x | as long as short |
| Nado SKHY-PERP | −0.168% | −0.0094% | 1h | $28K | $1K | 10x | as long as short |
| Vest SKHY-USD-PERP | −0.165% | +0.0046% | 1h | — | $10K | 10x | as long as short |
| SoDEX SKHY-USD | −0.165% | +0.0050% | 1h | $41K | $12K | 10x | as long as short |
| Phemex SKHYUSDTshort | −0.155% | 0.0000% | 8h | $1.5M | $1.1M | 10x | |
| Arcus SKHY-USD | −0.144% | +0.0040% | 1h | $62K | $136K | 10x | as long as short |
| Orderly PERP_SKHY_USDC_mythos | −0.144% | +0.0100% | 8h | $2K | $5K | 10x | as long as short |
| Deribit SKHY_USDC-PERPETUAL | −0.128% | 0.0000% | 1h | $44K | $188K | 10x | as long as short |
| Ondo Perps SKHY-USD.P | −0.107% | +0.0050% | 1h | $516K | $828K | 10x | as long as short |
| Kraken Futures PF_SKHYUSD | −0.080% | +0.0640% | 1h | $49K | $25K | 20x | as long as short |
| SunX SKHY-USDT | −0.016% | 0.0000% | 8h | $686 | $7.3M | 10x | as long as short |
| Phoenix SKHYlong | 0.000% | +0.0297% | 1h | $211K | $104K | 10x | |
| edgeX SKHYUSDC | +0.020% | −0.0982% | 4h | $565K | $290K | 10x | as long as short |
| Coinbase International SKHY-PERP-INTX | +0.309% | −0.0080% | 1h | $111K | $604K | 10x | as long as short |