Funding arb · Price arb /

SKHY

RWAall SKHY markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0040%/8h= −4.4% APRpaid last 24h −0.012%

Price spread now: GRVT against Arcus+0.027%54s7-day average +0.045% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

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

costs, in and out, $10k−$360.357% of the position

Long on Arcus Short on GRVT

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.054%−$5 on $10k

Price spread, last 4 days (all we have)+0.710%+$71 · spread now +0.027%, 7d avg +0.045%

Together, before fees+0.656%+ Points / potential airdropGRVT: Active · farm board+$66 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.045%, so right now this pair is about funding alone: −$1 a day on $10k at the current rate. The two prices were read 54 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	Arcus SKHY-USD	192.85	0.0040	pay 0.0005% / 1h	42m 01s	$57K	$154K	10x
Short	GRVT SKHY_USDT_Perp	192.90	0	get 0.0000% / 8h	6h 42m	$22K	$191K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GRVT against Arcus. 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 ArcusbpFee GRVTbpOrdersPrice spread, now +0.027%Rate

Funding earned: −$8.46
Price spread: +0.027% → +0.045%: −$1.78
Slippage, 4 orders: −$22.18
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Fee GRVT: 4.5 bp × 2 orders: −$9
Net: −$45.91
Costs to cover: 0.357%
Break-even: never at this rate

Slippage from Arcus: live order book, 26 min ago; GRVT: live order book, 25 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 Arcus live order book, 26 min ago	3.36 bp	8.1 bp −$8	16.6 bp −$166	doesn't fit	doesn't fit
Sell GRVT live order book, 25 min ago	3.36 bp	7.9 bp −$8	12.7 bp −$127	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	−0.0818%	4h	192.92	+0.034%	$582K	$291K	10x	as long as short
Coinbase International SKHY-PERP-INTX	−0.0072%	1h	192.90	+0.026%	$45K	$874K	10x	as long as short
Aster SKHYUSDT	0.0000%	8h	192.83	−0.010%	$248K	$890K	50x	as long as short
Extended SKHY-USD	0.0000%	1h	192.91	+0.033%	$56K	$7K	10x	as long as short
Binance SKHYUSDT	0.0000%	8h	192.97	+0.062%	$210.6M	$385.0M	50x	as long as short
Bybit SKHYUSDT	0.0000%	8h	192.96	+0.057%	$15.6M	$27.1M	100x	as long as short
OKX SKHY-USDT-SWAP	0.0000%	8h	192.97	+0.062%	$46.8M	$69.0M	50x	as long as short
Gate SKHY_USDT	0.0000%	8h	192.84	−0.005%	$25.8M	$18.7M	75x	as long as short
Variational Omni SKHY	0.0000%	8h	193.02	+0.086%	$1.6M	$2.2M	—	as long as short
GRVT SKHY_USDT_Perpshort	0.0000%	8h	192.90	+0.027%	$22K	$191K	10x

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX SKHY-USDT	0.0000%	8h	193.21	+0.187%	$707	$6.6M	10x	as long as short
Deribit SKHY_USDC-PERPETUAL	0.0000%	1h	192.82	−0.016%	$48K	$270K	10x	as long as short
HTX SKHY-USDT	0.0000%	8h	192.81	−0.021%	$160K	$376K	50x	as long as short
Phemex SKHYUSDT	0.0000%	8h	192.90	+0.026%	$1.5M	$1.1M	10x	as long as short
QFEX SKHY-USD	+0.0002%	1h	192.76	−0.047%	$1.2M	$4.7M	10x	as long as short
Nado SKHY-PERP	+0.0014%	1h	192.80	−0.027%	$42K	$21K	10x	as long as short
Lighter SKHY	+0.0032%	1h	192.77	−0.041%	$1.0M	$679K	10x	as long as short
Lighter RH SKHY	+0.0032%	1h	192.78	−0.036%	$1.1M	$1.5M	10x	as long as short
Arcus SKHY-USDlong	+0.0040%	1h	192.85	long leg	$57K	$154K	10x
Vest SKHY-USD-PERP	+0.0046%	1h	192.78	−0.036%	—	$12K	10x	as long as short
Popdex SKHYUSDT	+0.0048%	1h	192.81	−0.021%	$197K	$256K	20x	as long as short
tradeXYZ xyz:SKHY	+0.0050%	1h	192.86	+0.005%	$163.1M	$66.6M	10x	as long as short
Polymarket Perps SKHY-USD	+0.0050%	1h	192.74	−0.057%	$188K	$456K	10x	as long as short
SoDEX SKHY-USD	+0.0050%	1h	192.71	−0.073%	$43K	$13K	10x	as long as short
Ondo Perps SKHY-USD.P	+0.0050%	1h	192.70	−0.078%	$521K	$1.8M	10x	as long as short
KuCoin SKHYUSDTM	+0.0100%	8h	192.84	−0.005%	$1.1M	$279K	20x	as long as short
Orderly PERP_SKHY_USDC_mythos	+0.0100%	8h	192.85	0.000%	$2K	$4K	10x	as long as short
BloFin SKHY-USDT	+0.0120%	8h	193.08	+0.119%	$2.3M	$445K	50x	as long as short
Phoenix SKHY	+0.0331%	1h	193.14	+0.150%	$216K	$123K	10x	as long as short
Bitget SKHYUSDT	+0.0387%	8h	192.93	+0.041%	$25.5M	$26.4M	20x	as long as short
Kraken Futures PF_SKHYUSD	+0.0707%	1h	192.88	+0.014%	$51K	$17K	20x	as long as short