Funding arb · Price arb /

SKHY

RWAall SKHY markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0040%/8h= −4.4% APRpaid last 24h +0.013%

Price spread now: Variational Omni against Arcus+0.022%7-day average +0.047% · you sell dearer than you buy

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

Long on Arcus Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.036%−$4 on $10k

Price spread, last 4 days (all we have)−0.107%−$11 · spread now +0.022%, 7d avg +0.047%

Together, before fees−0.143%+ Points / potential airdropVariational Omni: Active · farm board−$14 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Variational Omni is 0.025% cheaper against Arcus than usual: you would sell low and buy high (−$2 if the spread goes back to its 7-day average of +0.047%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Arcus SKHY-USD	188.94	0.0040	pay 0.0005% / 1h	16m 10s	$56K	$156K	10x
Short	Variational Omni SKHY	188.98	0	get 0.0000% / 8h	1h 16m	$1.5M	$2.5M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni 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 Variational OmnibpOrdersPrice spread, now +0.022%Rate

Funding earned: −$8.46
Price spread: +0.022% → +0.047%: −$2.47
Slippage, 4 orders: no order book: not counted
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$15.43
Costs to cover: 0.045%
Break-even: never at this rate

Slippage unknown: Arcus: live order book, 2 min ago; Variational Omni: RFQ quote, 3 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 Arcus live order book, 2 min ago	3.44 bp	6.1 bp −$6	10.0 bp −$100	doesn't fit	doesn't fit
Sell Variational Omni RFQ quote, 3 min ago	2.25 bp	doesn't fit	6.9 bp −$69	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	−0.0916%	4h	188.98	+0.022%	$570K	$290K	10x	as long as short
Nado SKHY-PERP	−0.0035%	1h	188.98	+0.020%	$28K	$2K	10x	as long as short
KuCoin SKHYUSDTM	−0.0023%	8h	188.82	−0.064%	$1.1M	$314K	20x	as long as short
Deribit SKHY_USDC-PERPETUAL	−0.0015%	1h	188.92	−0.011%	$45K	$233K	10x	as long as short
QFEX SKHY-USD	−0.0001%	1h	188.89	−0.026%	$1.2M	$5.2M	10x	as long as short
Aster SKHYUSDT	0.0000%	8h	188.93	−0.004%	$250K	$902K	50x	as long as short
Extended SKHY-USD	0.0000%	1h	188.86	−0.040%	$55K	$4K	10x	as long as short
Binance SKHYUSDT	0.0000%	8h	188.92	−0.011%	$211.8M	$378.6M	50x	as long as short
Bybit SKHYUSDT	0.0000%	8h	188.97	+0.016%	$15.8M	$26.5M	100x	as long as short
OKX SKHY-USDT-SWAP	0.0000%	8h	188.85	−0.048%	$46.8M	$60.8M	50x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate SKHY_USDT	0.0000%	8h	188.91	−0.016%	$25.9M	$17.8M	75x	as long as short
Bitget SKHYUSDT	0.0000%	8h	188.96	+0.011%	$25.6M	$25.1M	20x	as long as short
Variational Omni SKHYshort	0.0000%	8h	188.98	+0.022%	$1.5M	$2.5M	—
GRVT SKHY_USDT_Perp	0.0000%	8h	188.97	+0.015%	$22K	$216K	10x	as long as short
SunX SKHY-USDT	0.0000%	8h	189.17	+0.122%	$692	$7.3M	10x	as long as short
HTX SKHY-USDT	0.0000%	8h	188.87	−0.037%	$155K	$400K	50x	as long as short
Phemex SKHYUSDT	0.0000%	8h	188.91	−0.016%	$1.5M	$1.1M	10x	as long as short
Lighter SKHY	+0.0032%	1h	188.90	−0.021%	$1.0M	$717K	10x	as long as short
Lighter RH SKHY	+0.0032%	1h	188.85	−0.048%	$1.1M	$1.4M	10x	as long as short
Arcus SKHY-USDlong	+0.0040%	1h	188.94	long leg	$56K	$156K	10x
Vest SKHY-USD-PERP	+0.0046%	1h	188.92	−0.011%	—	$12K	10x	as long as short
Popdex SKHYUSDT	+0.0048%	1h	188.90	−0.021%	$202K	$241K	20x	as long as short
tradeXYZ xyz:SKHY	+0.0050%	1h	188.88	−0.032%	$164.6M	$64.9M	10x	as long as short
Polymarket Perps SKHY-USD	+0.0050%	1h	188.82	−0.064%	$186K	$923K	10x	as long as short
SoDEX SKHY-USD	+0.0050%	1h	188.90	−0.021%	$42K	$13K	10x	as long as short
Ondo Perps SKHY-USD.P	+0.0050%	1h	189.03	+0.048%	$542K	$989K	10x	as long as short
Orderly PERP_SKHY_USDC_mythos	+0.0100%	8h	188.96	+0.011%	$2K	$5K	10x	as long as short
BloFin SKHY-USDT	+0.0120%	8h	188.90	−0.021%	$2.2M	$431K	50x	as long as short
Coinbase International SKHY-PERP-INTX	+0.0240%	1h	188.78	−0.085%	$168K	$685K	10x	as long as short
Phoenix SKHY	+0.0297%	1h	189.20	+0.138%	$213K	$128K	10x	as long as short
Kraken Futures PF_SKHYUSD	+0.0871%	1h	189.06	+0.064%	$50K	$24K	20x	as long as short