Funding you earn now, next payment 02:00 UTC+0.0332%/8h= +36.4% APRpaid last 24h +0.094%
Price spread now: Phoenix against Variational Omni+0.064%54s7-day average +0.135% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)+0.087%+$9 on $10k
+Price spread, last 4 days (all we have)+0.746%+$75 · spread now +0.064%, 7d avg +0.135%
=Together, before fees+0.833%+ Points / potential airdropVariational Omni: Active · farm board+$83 on $10k · with fees, hour by hour
Funding pays, the price is against you. Phoenix is 0.071% cheaper against Variational Omni than usual: you would sell low and buy high (spread +0.064% now, against its 7-day average of +0.135%). If the spread goes back, that is −$7 on $10k: about 17 hours of funding at the current rate (+$10 a day). At the pace of the last 3 days (+0.087% in total) that is about 2.8 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 0.087% in total (about 9.2% 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.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Variational Omni SKHY | 193.28 | 0 | get 0.0000% / 8h | 5h 00m | $1.6M | $1.2M | — |
| Short | Phoenix SKHY | 193.40 | 0.0332 | get 0.0042% / 1h | 0m 32s | $217K | $124K | 10x |
Variational Omni SKHY
Phoenix SKHYFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phoenix against Variational Omni. 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
- $69.72
- Price spread: +0.064% → +0.135%
- −$7.06
- Slippage, 4 orders
- no order book: not counted
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- $55.67
- Costs to cover
- 0.070%
- Break-even
- 1.4 days
Slippage unknown: Variational Omni: RFQ quote, 4 min ago; Phoenix: live order book, 57 min ago. Net counts fees only.
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 Variational Omni RFQ quote, 4 min ago | 2.23 bp | doesn't fit | 3.5 bp −$35 | doesn't fit | doesn't fit |
| Sell Phoenix live order book, 57 min ago | 3.62 bp | 11.9 bp −$12 | 25.6 bp −$256 | 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 | |
|---|---|---|---|---|---|---|---|---|
| edgeX SKHYUSDC | −0.0876% | 4h | 193.20 | −0.039% | $582K | $291K | 10x | as long as short |
| Coinbase International SKHY-PERP-INTX | −0.0032% | 1h | 192.90 | −0.194% | $45K | $874K | 10x | as long as short |
| Aster SKHYUSDT | 0.0000% | 8h | 193.22 | −0.028% | $249K | $889K | 50x | as long as short |
| Extended SKHY-USD | 0.0000% | 1h | 193.22 | −0.029% | $56K | $7K | 10x | as long as short |
| Binance SKHYUSDT | 0.0000% | 8h | 193.28 | +0.002% | $205.1M | $392.7M | 50x | as long as short |
| Bybit SKHYUSDT | 0.0000% | 8h | 193.32 | +0.023% | $15.8M | $27.5M | 100x | as long as short |
| OKX SKHY-USDT-SWAP | 0.0000% | 8h | 193.26 | −0.008% | $46.7M | $70.0M | 50x | as long as short |
| Gate SKHY_USDT | 0.0000% | 8h | 193.23 | −0.023% | $25.8M | $19.2M | 75x | as long as short |
| Variational Omni SKHYlong | 0.0000% | 8h | 193.28 | long leg | $1.6M | $1.2M | — | |
| GRVT SKHY_USDT_Perp | 0.0000% | 8h | 193.24 | −0.018% | $23K | $199K | 10x | as long as short |
edgeX SKHYUSDC
Coinbase International SKHY-PERP-INTX
Aster SKHYUSDT
Extended SKHY-USD
Binance SKHYUSDT
Bybit SKHYUSDT
OKX SKHY-USDT-SWAP
Gate SKHY_USDT
GRVT SKHY_USDT_PerpShow all 31 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| SunX SKHY-USDT | 0.0000% | 8h | 193.59 | +0.163% | $709 | $6.3M | 10x | as long as short |
| HTX SKHY-USDT | 0.0000% | 8h | 193.13 | −0.075% | $161K | $368K | 50x | as long as short |
| Phemex SKHYUSDT | 0.0000% | 8h | 193.31 | +0.018% | $1.5M | $1.1M | 10x | as long as short |
| QFEX SKHY-USD | +0.0004% | 1h | 193.20 | −0.039% | $1.2M | $4.3M | 10x | as long as short |
| Lighter SKHY | +0.0032% | 1h | 193.15 | −0.065% | $1.0M | $696K | 10x | as long as short |
| Lighter RH SKHY | +0.0032% | 1h | 193.14 | −0.070% | $1.1M | $1.6M | 10x | as long as short |
| Arcus SKHY-USD | +0.0040% | 1h | 193.19 | −0.044% | $57K | $154K | 10x | as long as short |
| Vest SKHY-USD-PERP | +0.0046% | 1h | 193.26 | −0.008% | — | $12K | 10x | as long as short |
| Popdex SKHYUSDT | +0.0048% | 1h | 193.29 | +0.008% | $201K | $257K | 20x | as long as short |
| tradeXYZ xyz:SKHY | +0.0050% | 1h | 193.17 | −0.055% | $161.6M | $67.6M | 10x | as long as short |
| Polymarket Perps SKHY-USD | +0.0050% | 1h | 193.22 | −0.029% | $189K | $456K | 10x | as long as short |
| SoDEX SKHY-USD | +0.0050% | 1h | 193.26 | −0.008% | $43K | $13K | 10x | as long as short |
| Ondo Perps SKHY-USD.P | +0.0050% | 1h | 193.26 | −0.008% | $575K | $2.3M | 10x | as long as short |
| KuCoin SKHYUSDTM | +0.0100% | 8h | 193.19 | −0.044% | $1.1M | $297K | 20x | as long as short |
| Orderly PERP_SKHY_USDC_mythos | +0.0100% | 8h | 193.32 | +0.023% | $2K | $4K | 10x | as long as short |
| BloFin SKHY-USDT | +0.0120% | 8h | 193.34 | +0.033% | $2.2M | $438K | 50x | as long as short |
| Nado SKHY-PERP | +0.0171% | 1h | 193.26 | −0.010% | $38K | $26K | 10x | as long as short |
| Bitget SKHYUSDT | +0.0201% | 8h | 193.33 | +0.028% | $25.4M | $26.8M | 20x | as long as short |
| Deribit SKHY_USDC-PERPETUAL | +0.0268% | 1h | 193.32 | +0.023% | $49K | $306K | 10x | as long as short |
| Phoenix SKHYshort | +0.0332% | 1h | 193.40 | +0.064% | $217K | $124K | 10x | |
| Kraken Futures PF_SKHYUSD | +0.0545% | 1h | 193.39 | +0.058% | $51K | $17K | 20x | as long as short |
SunX SKHY-USDT
HTX SKHY-USDT
Phemex SKHYUSDT
QFEX SKHY-USD
Lighter SKHY
Lighter RH SKHY
Arcus SKHY-USD
Vest SKHY-USD-PERP
Popdex SKHYUSDT
tradeXYZ xyz:SKHY
Polymarket Perps SKHY-USD
SoDEX SKHY-USD
Ondo Perps SKHY-USD.P
KuCoin SKHYUSDTM
Orderly PERP_SKHY_USDC_mythos
BloFin SKHY-USDT
Nado SKHY-PERP
Bitget SKHYUSDT
Deribit SKHY_USDC-PERPETUAL
Kraken Futures PF_SKHYUSD