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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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Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

Funding you earn now, next payment 03:00 UTC−0.0372%/8h= −40.8% APRpaid last 24h −0.095%
Price spread now: Variational Omni against Phoenix0.000%54s7-day average −0.134% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Long on PhoenixShort on Variational Omni
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)−0.091%−$9 on $10k
Price spread, last 4 days (all we have)−0.569%−$57 · spread now 0.000%, 7d avg −0.134%
Together, before fees−0.661%+ Points / potential airdropVariational Omni: Active · farm board−$66 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Variational Omni is 0.134% dearer against Phoenix than usual: you sell high and buy low (spread 0.000% now, against its 7-day average of −0.134%): +$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 29 hours. At the pace of the last 3 days (−0.091% in total) that is about 5.1 days. The two prices were read 54 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 3 days it paid -0.091% in total (about -9.6% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongPhoenix SKHY193.090.0372pay 0.0047% / 1h36m 23s$216K$124K10x
ShortVariational Omni SKHY193.090get 0.0000% / 8h4h 36m$1.6M$1.1M—

Funding history

latest
Range statsloading…

Price spread between the two exchanges

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

Funding on every exchange

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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: 0.000% → −0.134%
$13.38
Slippage, 4 orders
no order book: not counted
Fee Phoenix: 3.5 bp × 2 orders
−$7
Fee Variational Omni: 0 bp × 2 orders
$0
Net
−$71.8
Costs to cover
0.070%
Break-even
from the start
Slippage unknown: Phoenix: live order book, 16 min ago; Variational Omni: RFQ quote, 3 min ago. Net counts fees only.

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, 16 min ago2.59 bp9.9 bp −$1020.2 bp −$202doesn't fitdoesn't fit
Sell Variational Omni RFQ quote, 3 min ago2.23 bpdoesn't fit5.8 bp −$58doesn'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−0.0048%4h192.97−0.065%$582K$290K10xas long as short
Coinbase International SKHY-PERP-INTX−0.0048%1h192.84−0.129%$45K$861K10xas long as short
Aster SKHYUSDT0.0000%8h193.11+0.008%$249K$889K50xas long as short
Extended SKHY-USD0.0000%1h193.08−0.004%$56K$7K10xas long as short
Binance SKHYUSDT0.0000%8h193.11+0.010%$204.4M$392.7M50xas long as short
Bybit SKHYUSDT0.0000%8h193.12+0.016%$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%8h193.07−0.010%$25.8M$18.8M75xas long as short
Variational Omni SKHYshort0.0000%8h193.090.000%$1.6M$1.1M—
GRVT SKHY_USDT_Perp0.0000%8h193.09−0.001%$22K$201K10xas long as short
Show all 31 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
SunX SKHY-USDT0.0000%8h193.42+0.171%$708$6.3M10xas long as short
HTX SKHY-USDT0.0000%8h193.08−0.005%$161K$367K50xas long as short
Phemex SKHYUSDT0.0000%8h193.15+0.031%$1.5M$1.1M10xas long as short
QFEX SKHY-USD+0.0015%1h193.090.000%$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%1h192.99−0.052%$1.1M$1.6M10xas long as short
Arcus SKHY-USD+0.0040%1h193.02−0.036%$57K$154K10xas long as short
Vest SKHY-USD-PERP+0.0046%1h193.08−0.005%—$12K10xas long as short
Popdex SKHYUSDT+0.0048%1h193.10+0.005%$201K$255K20xas long as short
tradeXYZ xyz:SKHY+0.0048%1h193.00−0.047%$161.4M$67.7M10xas long as short
Polymarket Perps SKHY-USD+0.0050%1h193.02−0.036%$189K$456K10xas long as short
SoDEX SKHY-USD+0.0050%1h193.08−0.005%$43K$13K10xas long as short
Ondo Perps SKHY-USD.P+0.0050%1h193.03−0.031%$574K$2.3M10xas long as short
Deribit SKHY_USDC-PERPETUAL+0.0061%1h193.15+0.031%$49K$316K10xas long as short
KuCoin SKHYUSDTM+0.0100%8h193.06−0.016%$1.1M$304K20xas long as short
Orderly PERP_SKHY_USDC_mythos+0.0100%8h193.11+0.010%$2K$4K10xas long as short
BloFin SKHY-USDT+0.0120%8h193.13+0.021%$2.2M$437K50xas long as short
Nado SKHY-PERP+0.0139%1h193.12+0.015%$38K$26K10xas long as short
Bitget SKHYUSDT+0.0159%8h193.12+0.016%$25.3M$26.9M20xas long as short
Phoenix SKHYlong+0.0372%1h193.09long leg$216K$124K10x
Kraken Futures PF_SKHYUSD+0.1057%1h193.23+0.073%$50K$18K20xas long as short