Funding arb · Price arb /

SKHY

RWAall SKHY markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0060%/8h= +6.5% APRpaid last 24h +0.018%

Price spread now: Orderly against Arcus−0.032%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Arcus Short on Orderly

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Funding pays, the price is against you. Orderly is 0.032% cheaper against Arcus than usual: you would sell low and buy high (spread −0.032% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$3 on $10k: about 42 hours of funding at the current rate (+$2 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Arcus SKHY-USD	189.68	0.0040	pay 0.0005% / 1h	18m 33s	$56K	$156K	10x
Short	Orderly PERP_SKHY_USDC_mythos	189.62	0.0100	get 0.0100% / 8h	18m 33s	$2K	$4K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly 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 OrderlybpOrdersPrice spread, now −0.032%Rate

Funding earned: $12.54
Price spread: −0.032% → 0.000%: −$3.16
Slippage, 4 orders: no order book: not counted
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Fee Orderly: 3 bp × 2 orders: −$6
Net: −$1.12
Costs to cover: 0.105%
Break-even: 7.6 days

Slippage unknown: Arcus: live order book, 60 min ago; Orderly: no order-book sample. 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 Arcus live order book, 60 min ago	3.44 bp	6.1 bp −$6	10.0 bp −$100	doesn't fit	doesn't fit
Sell Orderly no order-book sample	—	—	—	—	—

Orderly: 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
edgeX SKHYUSDC	−0.0782%	4h	189.50	−0.096%	$571K	$289K	10x	as long as short
Nado SKHY-PERP	−0.0046%	1h	189.61	−0.039%	$28K	$2K	10x	as long as short
QFEX SKHY-USD	0.0000%	1h	189.63	−0.026%	$1.2M	$5.3M	10x	as long as short
Aster SKHYUSDT	0.0000%	8h	189.64	−0.021%	$252K	$903K	50x	as long as short
Extended SKHY-USD	0.0000%	1h	189.64	−0.019%	$55K	$4K	10x	as long as short
Binance SKHYUSDT	0.0000%	8h	189.67	−0.005%	$212.2M	$377.9M	50x	as long as short
Bybit SKHYUSDT	0.0000%	8h	189.74	+0.032%	$15.7M	$27.0M	100x	as long as short
OKX SKHY-USDT-SWAP	0.0000%	8h	189.67	−0.005%	$47.1M	$61.3M	50x	as long as short
Gate SKHY_USDT	0.0000%	8h	189.66	−0.011%	$26.1M	$17.8M	75x	as long as short
Bitget SKHYUSDT	0.0000%	8h	189.72	+0.021%	$25.4M	$25.7M	20x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni SKHY	0.0000%	8h	189.53	−0.079%	$1.6M	$2.6M	—	as long as short
GRVT SKHY_USDT_Perp	0.0000%	8h	189.54	−0.074%	$22K	$208K	10x	as long as short
SunX SKHY-USDT	0.0000%	8h	189.89	+0.111%	$695	$7.2M	10x	as long as short
HTX SKHY-USDT	0.0000%	8h	189.64	−0.021%	$155K	$401K	50x	as long as short
Phemex SKHYUSDT	0.0000%	8h	189.67	−0.005%	$1.5M	$1.1M	10x	as long as short
KuCoin SKHYUSDTM	+0.0011%	8h	189.55	−0.069%	$1.1M	$283K	20x	as long as short
Deribit SKHY_USDC-PERPETUAL	+0.0014%	1h	189.67	−0.005%	$46K	$255K	10x	as long as short
Lighter SKHY	+0.0032%	1h	189.58	−0.053%	$1.0M	$689K	10x	as long as short
Lighter RH SKHY	+0.0032%	1h	189.58	−0.053%	$1.1M	$1.4M	10x	as long as short
Arcus SKHY-USDlong	+0.0040%	1h	189.68	long leg	$56K	$156K	10x
Vest SKHY-USD-PERP	+0.0046%	1h	189.60	−0.042%	—	$12K	10x	as long as short
Popdex SKHYUSDT	+0.0048%	1h	189.67	−0.005%	$202K	$241K	20x	as long as short
tradeXYZ xyz:SKHY	+0.0050%	1h	189.62	−0.032%	$164.6M	$65.2M	10x	as long as short
Polymarket Perps SKHY-USD	+0.0050%	1h	189.60	−0.042%	$170K	$952K	10x	as long as short
SoDEX SKHY-USD	+0.0050%	1h	189.62	−0.032%	$42K	$13K	10x	as long as short
Ondo Perps SKHY-USD.P	+0.0050%	1h	189.52	−0.084%	$557K	$1.2M	10x	as long as short
Orderly PERP_SKHY_USDC_mythosshort	+0.0100%	8h	189.62	−0.032%	$2K	$4K	10x
BloFin SKHY-USDT	+0.0120%	8h	189.70	+0.011%	$2.2M	$415K	50x	as long as short
Coinbase International SKHY-PERP-INTX	+0.0128%	1h	189.72	+0.021%	$169K	$687K	10x	as long as short
Phoenix SKHY	+0.0380%	1h	189.74	+0.032%	$214K	$128K	10x	as long as short
Kraken Futures PF_SKHYUSD	+0.0950%	1h	189.80	+0.064%	$50K	$24K	20x	as long as short