SKHY

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0338%/8h= +37.0% APRnext payment +$0.42 per $10,000 · paid last 24h +0.089%

Price spread now: Phoenix against tradeXYZ+0.236%61s7-day average +0.167% · you sell dearer than you buy

Net, funding: paid 7d − costs−$10as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$460.460% of the position

Long on tradeXYZ Short on Phoenix

What this pair did over the last

the charts below follow

Funding, last 7 days+0.362%+$36 on $10k

Price spread, last 4 days (all we have)+1.997%+$200 · spread now +0.236%, 7d avg +0.167%

Together, before fees+2.359%+ Points / potential airdroptradeXYZ: Active · farm board+$236 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$10 a day on $10k at the current rate, and Phoenix is 0.069% dearer against tradeXYZ than usual: you sell high and buy low: +$7 more if the spread goes back to its 7-day average of +0.167%. The two prices were read 61 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	tradeXYZ xyz:SKHY	186.43	−0.0209	get 0.0026% / 1h	30m 31s	$158.4M	$76.9M	10x
Short	Phoenix SKHY	186.87	0.0129	get 0.0016% / 1h	30m 31s	$209K	$123K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phoenix against tradeXYZ. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee tradeXYZbpFee PhoenixbpOrdersPrice spread, now +0.236%Rate

Funding earned: $71.02
Price spread: +0.236% → +0.167%: $6.93
Slippage, 4 orders: −$21.01
Fee tradeXYZ: 9 bp × 2 orders: −$18
Fee Phoenix: 3.5 bp × 2 orders: −$7
Net: $31.95
Costs to cover: 0.460%
Break-even: 3.9 days

Slippage from tradeXYZ: live order book, 9 min ago; Phoenix: live order book, 66 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 tradeXYZ live order book, 9 min ago	0.54 bp	10.1 bp −$10	10.9 bp −$109	doesn't fit	doesn't fit
Sell Phoenix live order book, 66 min ago	3.75 bp	12.7 bp −$13	27.5 bp −$275	doesn't fit	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
Bitget SKHYUSDT	−0.1257%	8h	186.75	+0.172%	$25.4M	$33.1M	20x	as long as short
edgeX SKHYUSDC	−0.0943%	4h	186.65	+0.118%	$563K	$291K	10x	as long as short
Kraken Futures PF_SKHYUSD	−0.0266%	1h	186.64	+0.112%	$48K	$21K	20x	as long as short
tradeXYZ xyz:SKHYlong	−0.0209%	1h	186.43	long leg	$158.4M	$76.9M	10x
Nado SKHY-PERP	−0.0167%	1h	186.62	+0.102%	$33K	$28K	10x	as long as short
Popdex SKHYUSDT	−0.0120%	1h	186.49	+0.032%	$204K	$288K	20x	as long as short
Polymarket Perps SKHY-USD	−0.0119%	1h	186.40	−0.016%	$180K	$487K	10x	as long as short
Coinbase International SKHY-PERP-INTX	−0.0072%	1h	187.58	+0.617%	$68K	$905K	10x	as long as short
QFEX SKHY-USD	−0.0061%	1h	186.49	+0.032%	$1.2M	$4.3M	10x	as long as short
KuCoin SKHYUSDTM	−0.0038%	8h	186.57	+0.075%	$1.1M	$328K	20x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter SKHY	−0.0016%	1h	186.45	+0.011%	$974K	$1.2M	10x	as long as short
Aster SKHYUSDT	0.0000%	8h	186.56	+0.072%	$223K	$925K	50x	as long as short
Extended SKHY-USD	0.0000%	1h	186.46	+0.016%	$54K	$7K	10x	as long as short
Binance SKHYUSDT	0.0000%	8h	186.44	+0.005%	$200.5M	$450.7M	50x	as long as short
Bybit SKHYUSDT	0.0000%	8h	186.46	+0.016%	$16.7M	$29.4M	100x	as long as short
OKX SKHY-USDT-SWAP	0.0000%	8h	186.48	+0.027%	$44.7M	$79.7M	50x	as long as short
Gate SKHY_USDT	0.0000%	8h	186.46	+0.016%	$25.5M	$21.0M	75x	as long as short
Variational Omni SKHY	0.0000%	8h	186.55	+0.065%	$1.6M	$1.0M	—	as long as short
GRVT SKHY_USDT_Perp	0.0000%	8h	186.63	+0.107%	$22K	$233K	10x	as long as short
SunX SKHY-USDT	0.0000%	8h	186.83	+0.215%	$684	$6.1M	10x	as long as short
Deribit SKHY_USDC-PERPETUAL	0.0000%	1h	186.61	+0.097%	$49K	$347K	10x	as long as short
HTX SKHY-USDT	0.0000%	8h	186.52	+0.048%	$155K	$363K	50x	as long as short
Phemex SKHYUSDT	0.0000%	8h	186.57	+0.075%	$1.5M	$1.1M	10x	as long as short
Ondo Perps SKHY-USD.P	+0.0026%	1h	186.60	+0.091%	$521K	$2.6M	10x	as long as short
Lighter RH SKHY	+0.0032%	1h	186.44	+0.005%	$1.1M	$1.5M	10x	as long as short
Arcus SKHY-USD	+0.0040%	1h	186.56	+0.070%	$60K	$171K	10x	as long as short
Vest SKHY-USD-PERP	+0.0046%	1h	186.49	+0.032%	—	$32K	10x	as long as short
SoDEX SKHY-USD	+0.0050%	1h	186.55	+0.064%	$41K	$12K	10x	as long as short
Orderly PERP_SKHY_USDC_mythos	+0.0100%	8h	186.45	+0.011%	$2K	$4K	10x	as long as short
BloFin SKHY-USDT	+0.0120%	8h	186.54	+0.059%	$2.2M	$426K	50x	as long as short
Phoenix SKHYshort	+0.0129%	1h	186.87	+0.236%	$209K	$123K	10x