Funding you earn now, next payment 05:00 UTC−0.0048%/8h= −5.3% APRpaid last 24h −0.014%
Price spread now: Bybit against Popdex−0.131%7-day average −0.006% · you buy dearer than you sell
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$38as in the Price arb table
costs, in and out, $10k−$250.254% of the position
Funding, last 4 days (all we have)−0.017%−$2 on $10k
+Price spread, last 4 days (all we have)+0.104%+$10 · spread now −0.131%, 7d avg −0.006%
=Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Bybit is 0.125% cheaper against Popdex than usual: you would sell low and buy high (−$13 if the spread goes back to its 7-day average of −0.006%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Popdex SKHYUSDT | 190.88 | 0.0048 | pay 0.0006% / 1h | 41m 48s | $201K | $257K | 20x |
| Short | Bybit SKHYUSDT | 190.63 | 0 | get 0.0000% / 8h | 3h 41m | $15.4M | $28.4M | 100x |
Popdex SKHYUSDT
Bybit SKHYUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit against Popdex. 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
- −$10.08
- Price spread: −0.131% → −0.006%
- −$12.55
- Slippage, 4 orders
- −$7.95
- Fee Popdex: 3.2 bp × 2 orders
- −$6.4
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$47.98
- Costs to cover
- 0.254%
- Break-even
- never at this rate
Slippage from Popdex: live order book, 12 min ago; Bybit: live order book, 2 min ago.
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 Popdex live order book, 12 min ago | 0.78 bp | 4.5 bp −$4 | 9.1 bp −$91 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 2 min ago | 0.26 bp | 8.6 bp −$9 | 13.0 bp −$130 | 84.5 bp −$8,445 | doesn't fit |
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 | |
|---|---|---|---|---|---|---|---|---|
| edgeX SKHYUSDC | −0.0765% | 4h | 190.76 | −0.062% | $575K | $291K | 10x | as long as short |
| Coinbase International SKHY-PERP-INTX | −0.0104% | 1h | 192.84 | +1.027% | $45K | $861K | 10x | as long as short |
| Aster SKHYUSDT | 0.0000% | 8h | 190.81 | −0.035% | $248K | $892K | 50x | as long as short |
| Extended SKHY-USD | 0.0000% | 1h | 190.77 | −0.057% | $56K | $7K | 10x | as long as short |
| Binance SKHYUSDT | 0.0000% | 8h | 190.59 | −0.154% | $200.3M | $402.9M | 50x | as long as short |
| Bybit SKHYUSDTshort | 0.0000% | 8h | 190.63 | −0.131% | $15.4M | $28.4M | 100x | |
| OKX SKHY-USDT-SWAP | 0.0000% | 8h | 190.53 | −0.183% | $45.5M | $72.9M | 50x | as long as short |
| Gate SKHY_USDT | 0.0000% | 8h | 190.63 | −0.131% | $25.6M | $19.4M | 75x | as long as short |
| Bitget SKHYUSDT | 0.0000% | 8h | 190.76 | −0.063% | $24.5M | $28.3M | 20x | as long as short |
| Variational Omni SKHY | 0.0000% | 8h | 190.79 | −0.046% | $1.6M | $1.1M | — | as long as short |
edgeX SKHYUSDC
Coinbase International SKHY-PERP-INTX
Aster SKHYUSDT
Extended SKHY-USD
Binance SKHYUSDT
OKX SKHY-USDT-SWAP
Gate SKHY_USDT
Bitget SKHYUSDT
Variational Omni SKHYShow all 31 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| GRVT SKHY_USDT_Perp | 0.0000% | 8h | 190.68 | −0.106% | $22K | $211K | 10x | as long as short |
| SunX SKHY-USDT | 0.0000% | 8h | 191.19 | +0.162% | $700 | $6.2M | 10x | as long as short |
| HTX SKHY-USDT | 0.0000% | 8h | 190.80 | −0.042% | $159K | $369K | 50x | as long as short |
| Phemex SKHYUSDT | 0.0000% | 8h | 191.05 | +0.089% | $1.5M | $1.1M | 10x | as long as short |
| tradeXYZ xyz:SKHY | +0.0004% | 1h | 190.53 | −0.183% | $159.3M | $69.1M | 10x | as long as short |
| QFEX SKHY-USD | +0.0011% | 1h | 190.79 | −0.047% | $1.2M | $4.0M | 10x | as long as short |
| Lighter SKHY | +0.0032% | 1h | 190.48 | −0.210% | $1.0M | $691K | 10x | as long as short |
| Lighter RH SKHY | +0.0032% | 1h | 190.49 | −0.204% | $1.1M | $1.4M | 10x | as long as short |
| Arcus SKHY-USD | +0.0040% | 1h | 190.67 | −0.110% | $59K | $164K | 10x | as long as short |
| Vest SKHY-USD-PERP | +0.0046% | 1h | 190.80 | −0.042% | — | $12K | 10x | as long as short |
| Popdex SKHYUSDTlong | +0.0048% | 1h | 190.88 | long leg | $201K | $257K | 20x | |
| Polymarket Perps SKHY-USD | +0.0050% | 1h | 190.79 | −0.047% | $182K | $460K | 10x | as long as short |
| SoDEX SKHY-USD | +0.0050% | 1h | 190.78 | −0.052% | $42K | $13K | 10x | as long as short |
| Ondo Perps SKHY-USD.P | +0.0050% | 1h | 190.48 | −0.210% | $576K | $2.6M | 10x | as long as short |
| Deribit SKHY_USDC-PERPETUAL | +0.0064% | 1h | 190.88 | 0.000% | $48K | $325K | 10x | as long as short |
| KuCoin SKHYUSDTM | +0.0100% | 8h | 190.73 | −0.079% | $1.1M | $321K | 20x | as long as short |
| Orderly PERP_SKHY_USDC_mythos | +0.0100% | 8h | 190.89 | +0.005% | $2K | $4K | 10x | as long as short |
| Nado SKHY-PERP | +0.0106% | 1h | 190.85 | −0.017% | $34K | $28K | 10x | as long as short |
| BloFin SKHY-USDT | +0.0120% | 8h | 190.73 | −0.079% | $2.2M | $436K | 50x | as long as short |
| Phoenix SKHY | +0.0375% | 1h | 190.77 | −0.058% | $214K | $124K | 10x | as long as short |
| Kraken Futures PF_SKHYUSD | +0.0686% | 1h | 191.00 | +0.064% | $48K | $19K | 20x | as long as short |
GRVT SKHY_USDT_Perp
SunX SKHY-USDT
HTX SKHY-USDT
Phemex SKHYUSDT
tradeXYZ xyz:SKHY
QFEX SKHY-USD
Lighter SKHY
Lighter RH SKHY
Arcus SKHY-USD
Vest SKHY-USD-PERP
Polymarket Perps SKHY-USD
SoDEX SKHY-USD
Ondo Perps SKHY-USD.P
Deribit SKHY_USDC-PERPETUAL
KuCoin SKHYUSDTM
Orderly PERP_SKHY_USDC_mythos
Nado SKHY-PERP
BloFin SKHY-USDT
Phoenix SKHY
Kraken Futures PF_SKHYUSD