Funding you earn now, next payment 05:00 UTC+0.0209%/8h= +22.8% APRnext payment +$0.26 per $10,000 · paid last 24h +0.082%
Price spread now: Phoenix against Vest+0.043%58s7-day average — · 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)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Both sides work for this trade now. Funding pays +$6 a day on $10k at the current rate, and Phoenix is 0.043% dearer against Vest than usual: you sell high and buy low: +$4 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 58 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 | Vest SKHY-USD-PERP | 187.94 | 0.0046 | pay 0.0006% / 1h | 8m 09s | — | $12K | 10x |
| Short | Phoenix SKHY | 188.02 | 0.0254 | get 0.0032% / 1h | 8m 09s | $211K | $124K | 10x |
Vest SKHY-USD-PERP
Phoenix SKHYFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phoenix against Vest. 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
- $43.79
- Price spread: +0.043% → 0.000%
- $4.26
- Slippage, 4 orders
- no order book: not counted
- Fee Vest: 1 bp × 2 orders
- −$2
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- $39.05
- Costs to cover
- 0.090%
- Break-even
- 0.8 days
Slippage unknown: Vest: no order-book sample; Phoenix: live order book, 34 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 Vest no order-book sample | — | — | — | — | — |
| Sell Phoenix live order book, 34 min ago | 3.72 bp | 12.6 bp −$13 | 27.4 bp −$274 | doesn't fit | doesn't fit |
Vest: 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 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 | −0.1192% | 8h | 187.99 | +0.027% | $25.1M | $31.4M | 20x | as long as short |
| Deribit SKHY_USDC-PERPETUAL | −0.0388% | 1h | 187.92 | −0.011% | $48K | $336K | 10x | as long as short |
| edgeX SKHYUSDC | −0.0375% | 4h | 187.52 | −0.222% | $565K | $290K | 10x | as long as short |
| Nado SKHY-PERP | −0.0146% | 1h | 188.00 | +0.034% | $33K | $28K | 10x | as long as short |
| tradeXYZ xyz:SKHY | −0.0120% | 1h | 187.94 | 0.000% | $159.5M | $74.1M | 10x | as long as short |
| Polymarket Perps SKHY-USD | −0.0095% | 1h | 187.78 | −0.085% | $181K | $487K | 10x | as long as short |
| Coinbase International SKHY-PERP-INTX | −0.0024% | 1h | 187.32 | −0.330% | $61K | $897K | 10x | as long as short |
| QFEX SKHY-USD | −0.0014% | 1h | 187.87 | −0.037% | $1.2M | $4.1M | 10x | as long as short |
| Ondo Perps SKHY-USD.P | −0.0010% | 1h | 187.65 | −0.154% | $516K | $2.6M | 10x | as long as short |
| Lighter SKHY | −0.0008% | 1h | 187.86 | −0.043% | $931K | $1.1M | 10x | as long as short |
Bitget SKHYUSDT
Deribit SKHY_USDC-PERPETUAL
edgeX SKHYUSDC
Nado SKHY-PERP
tradeXYZ xyz:SKHY
Polymarket Perps SKHY-USD
Coinbase International SKHY-PERP-INTX
QFEX SKHY-USD
Ondo Perps SKHY-USD.P
Lighter SKHYShow all 31 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster SKHYUSDT | 0.0000% | 8h | 187.94 | −0.002% | $229K | $916K | 50x | as long as short |
| Extended SKHY-USD | 0.0000% | 1h | 187.83 | −0.059% | $55K | $7K | 10x | as long as short |
| Binance SKHYUSDT | 0.0000% | 8h | 187.89 | −0.027% | $201.5M | $434.2M | 50x | as long as short |
| Bybit SKHYUSDT | 0.0000% | 8h | 187.97 | +0.016% | $15.9M | $30.3M | 100x | as long as short |
| OKX SKHY-USDT-SWAP | 0.0000% | 8h | 187.93 | −0.005% | $44.8M | $77.5M | 50x | as long as short |
| Gate SKHY_USDT | 0.0000% | 8h | 187.92 | −0.011% | $25.3M | $20.8M | 75x | as long as short |
| Variational Omni SKHY | 0.0000% | 8h | 187.51 | −0.228% | $1.6M | $1.0M | — | as long as short |
| GRVT SKHY_USDT_Perp | 0.0000% | 8h | 187.67 | −0.146% | $22K | $223K | 10x | as long as short |
| SunX SKHY-USDT | 0.0000% | 8h | 188.10 | +0.085% | $688 | $6.2M | 10x | as long as short |
| HTX SKHY-USDT | 0.0000% | 8h | 187.71 | −0.122% | $156K | $371K | 50x | as long as short |
| Phemex SKHYUSDT | 0.0000% | 8h | 187.88 | −0.032% | $1.5M | $1.1M | 10x | as long as short |
| Popdex SKHYUSDT | +0.0024% | 1h | 187.93 | −0.005% | $197K | $273K | 20x | as long as short |
| Lighter RH SKHY | +0.0032% | 1h | 187.83 | −0.059% | $1.1M | $1.6M | 10x | as long as short |
| Arcus SKHY-USD | +0.0040% | 1h | 187.52 | −0.223% | $58K | $164K | 10x | as long as short |
| Vest SKHY-USD-PERPlong | +0.0046% | 1h | 187.94 | long leg | — | $12K | 10x | |
| SoDEX SKHY-USD | +0.0050% | 1h | 187.80 | −0.074% | $41K | $13K | 10x | as long as short |
| KuCoin SKHYUSDTM | +0.0100% | 8h | 187.85 | −0.048% | $1.1M | $322K | 20x | as long as short |
| Orderly PERP_SKHY_USDC_mythos | +0.0100% | 8h | 187.91 | −0.016% | $2K | $4K | 10x | as long as short |
| BloFin SKHY-USDT | +0.0120% | 8h | 187.68 | −0.138% | $2.1M | $416K | 50x | as long as short |
| Phoenix SKHYshort | +0.0254% | 1h | 188.02 | +0.043% | $211K | $124K | 10x | |
| Kraken Futures PF_SKHYUSD | +0.0260% | 1h | 187.95 | +0.003% | $47K | $19K | 20x | as long as short |
Aster SKHYUSDT
Extended SKHY-USD
Binance SKHYUSDT
Bybit SKHYUSDT
OKX SKHY-USDT-SWAP
Gate SKHY_USDT
Variational Omni SKHY
GRVT SKHY_USDT_Perp
SunX SKHY-USDT
HTX SKHY-USDT
Phemex SKHYUSDT
Popdex SKHYUSDT
Lighter RH SKHY
Arcus SKHY-USD
SoDEX SKHY-USD
KuCoin SKHYUSDTM
Orderly PERP_SKHY_USDC_mythos
BloFin SKHY-USDT
Kraken Futures PF_SKHYUSD