Spread before costs (cost unknown: a leg has no order-book sample)+0.083%
7d average—if it closes, per $10,000$8funding while held, a day+$12.93
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Popdex SKHYUSDT | 188.19 | 0.0048 | pay 0.0006% / 1h | 8m 18s | $202K | $216K | 20x |
| Short | Kraken Futures PF_SKHYUSD | 188.35 | 0.0479 | get 0.0060% / 1h | 8m 18s | $49K | $24K | 20x |
Popdex SKHYUSDT
Kraken Futures PF_SKHYUSDPrice 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
- $8.32
- Funding while held
- $12.93
- Slippage, 4 orders
- no order book: not counted
- Fee Popdex: 3.2 bp × 2 orders
- −$6.4
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- $4.86
- Spread needed to break even
- 0.164%
Slippage unknown: Popdex: live order book, 37 min ago; Kraken Futures: no order-book sample. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- +0.0431%
- Per $10,000 a day
- +$12.93
- 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 Popdex live order book, 37 min ago | 1.88 bp | 5.8 bp −$6 | 9.5 bp −$95 | doesn't fit | doesn't fit |
| Sell Kraken Futures no order-book sample | — | — | — | — | — |
Kraken Futures: 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 price on every exchange
against the cheapest. Click to use as the short leg.edgeX188.05cheapestPolymarket Perps188.06+0.004%Lighter RH188.07+0.010%Lighter188.11+0.031%Coinbase International188.11+0.031%Ondo Perps188.12+0.036%Binance188.14+0.046%OKX188.14+0.047%Gate188.14+0.047%tradeXYZ188.15+0.052%QFEX188.15+0.052%Extended188.18+0.066%Bybit188.18+0.068%Arcus188.18+0.068%
Polymarket Perps
Lighter RH
Lighter
Coinbase International
Ondo Perps
Binance
OKX
Gate
tradeXYZ
QFEX
Extended
Bybit
ArcusPopdex188.19+0.073%
Bitget188.19+0.073%Orderly188.20+0.079%HTX188.20+0.079%Nado188.21+0.083%Vest188.21+0.084%Aster188.23+0.095%KuCoin188.23+0.095%SoDEX188.26+0.111%Phemex188.30+0.132%BloFin188.31+0.137%
Bitget
Orderly
HTX
Nado
Vest
Aster
KuCoin
SoDEX
Phemex
BloFinKraken Futures188.35+0.157%
Deribit188.36+0.164%Variational Omni188.40+0.187%SunX188.56+0.270%Phoenix188.70+0.345%
Deribit
Variational Omni
SunX
PhoenixSKHY on 30 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| edgeX SKHYUSDC | −0.073% | −0.0352% | 4h | $567K | $288K | 10x | as long as short |
| Polymarket Perps SKHY-USD | −0.069% | +0.0050% | 1h | $190K | $921K | 10x | as long as short |
| Lighter RH SKHY | −0.064% | +0.0032% | 1h | $1.1M | $1.3M | 10x | as long as short |
| Lighter SKHY | −0.043% | +0.0032% | 1h | $1.0M | $666K | 10x | as long as short |
| Coinbase International SKHY-PERP-INTX | −0.043% | −0.0056% | 1h | $111K | $529K | 10x | as long as short |
| Ondo Perps SKHY-USD.P | −0.037% | +0.0050% | 1h | $518K | $828K | 10x | as long as short |
| Binance SKHYUSDT | −0.027% | 0.0000% | 8h | $216.1M | $323.4M | 50x | as long as short |
| OKX SKHY-USDT-SWAP | −0.027% | 0.0000% | 8h | $47.2M | $56.3M | 50x | as long as short |
| Gate SKHY_USDT | −0.027% | 0.0000% | 8h | $27.2M | $14.1M | 75x | as long as short |
| tradeXYZ xyz:SKHY | −0.021% | +0.0042% | 1h | $172.1M | $53.4M | 10x | as long as short |
Show all 30 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| QFEX SKHY-USD | −0.021% | −0.0009% | 1h | $1.2M | $4.9M | 10x | as long as short |
| Extended SKHY-USD | −0.007% | 0.0000% | 1h | $55K | $2K | 10x | as long as short |
| Bybit SKHYUSDT | −0.005% | 0.0000% | 8h | $16.1M | $22.5M | 100x | as long as short |
| Arcus SKHY-USD | −0.005% | +0.0040% | 1h | $53K | $123K | 10x | as long as short |
| Popdex SKHYUSDTlong | 0.000% | +0.0048% | 1h | $202K | $216K | 20x | |
| Bitget SKHYUSDT | 0.000% | 0.0000% | 8h | $25.7M | $21.9M | 20x | as long as short |
| Orderly PERP_SKHY_USDC_mythos | +0.005% | +0.0100% | 8h | $2K | $5K | 10x | as long as short |
| HTX SKHY-USDT | +0.005% | 0.0000% | 8h | $154K | $377K | 50x | as long as short |
| Nado SKHY-PERP | +0.010% | −0.0091% | 1h | $28K | $1K | 10x | as long as short |
| Vest SKHY-USD-PERP | +0.011% | +0.0046% | 1h | — | $10K | 10x | as long as short |
| Aster SKHYUSDT | +0.021% | 0.0000% | 8h | $281K | $741K | 50x | as long as short |
| KuCoin SKHYUSDTM | +0.021% | +0.0093% | 8h | $1.1M | $298K | 20x | as long as short |
| SoDEX SKHY-USD | +0.037% | +0.0050% | 1h | $42K | $12K | 10x | as long as short |
| Phemex SKHYUSDT | +0.058% | 0.0000% | 8h | $1.5M | $1.1M | 10x | as long as short |
| BloFin SKHY-USDT | +0.064% | +0.0120% | 8h | $2.2M | $340K | 50x | as long as short |
| Kraken Futures PF_SKHYUSDshort | +0.083% | +0.0479% | 1h | $49K | $24K | 20x | |
| Deribit SKHY_USDC-PERPETUAL | +0.090% | 0.0000% | 1h | $45K | $163K | 10x | as long as short |
| Variational Omni SKHY | +0.113% | 0.0000% | 8h | $1.5M | $2.6M | — | as long as short |
| SunX SKHY-USDT | +0.197% | 0.0000% | 8h | $690 | $7.3M | 10x | as long as short |
| Phoenix SKHY | +0.271% | +0.0385% | 1h | $213K | $97K | 10x | as long as short |