Funding arb · Price arb /

SKHY

RWAall SKHY markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Bybit against Aster+0.030%7-day average −0.005% · you sell dearer than you buy

Net, funding: paid 7d − costs−$27as in the Funding arb table

Net, price: spread back to 7d avg − costs−$27as in the Price arb table

costs, in and out, $10k−$310.308% of the position

Long on Aster Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days+0.040%+$4 on $10k

Price spread, last 4 days (all we have)+0.010%+$1 · spread now +0.030%, 7d avg −0.005%

Together, before fees+0.049%+ Points / potential airdropAster: Stage 5 · farm board+$5 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bybit is 0.035% dearer against Aster than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of −0.005%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster SKHYUSDT	193.04	0	get 0.0000% / 8h	4h 43m	$249K	$889K	50x
Short	Bybit SKHYUSDT	193.10	0	get 0.0000% / 8h	4h 43m	$15.7M	$27.5M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against Aster. 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 AsterbpFee BybitbpOrdersPrice spread, now +0.030%Rate

Funding earned: $0
Price spread: +0.030% → −0.005%: $3.5
Slippage, 4 orders: −$11.76
Fee Aster: 4 bp × 2 orders: −$8
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$27.26
Costs to cover: 0.308%
Break-even: never at this rate

Slippage from Aster: live order book, 14 min ago; Bybit: live order book, 5 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 Aster live order book, 14 min ago	0.52 bp	7.8 bp −$8	16.3 bp −$163	doesn't fit	doesn't fit
Sell Bybit live order book, 5 min ago	0.26 bp	8.4 bp −$8	15.3 bp −$153	75.3 bp −$7,534	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	−0.0100%	4h	192.79	−0.133%	$581K	$291K	10x	as long as short
Coinbase International SKHY-PERP-INTX	−0.0048%	1h	192.90	−0.074%	$45K	$861K	10x	as long as short
Aster SKHYUSDTlong	0.0000%	8h	193.04	long leg	$249K	$889K	50x
Extended SKHY-USD	0.0000%	1h	193.05	+0.004%	$56K	$7K	10x	as long as short
Binance SKHYUSDT	0.0000%	8h	193.09	+0.026%	$204.3M	$392.6M	50x	as long as short
Bybit SKHYUSDTshort	0.0000%	8h	193.10	+0.030%	$15.7M	$27.5M	100x
OKX SKHY-USDT-SWAP	0.0000%	8h	193.12	+0.040%	$46.6M	$70.1M	50x	as long as short
Gate SKHY_USDT	0.0000%	8h	193.07	+0.014%	$25.8M	$18.8M	75x	as long as short
Variational Omni SKHY	0.0000%	8h	192.81	−0.121%	$1.6M	$1.1M	—	as long as short
GRVT SKHY_USDT_Perp	0.0000%	8h	192.78	−0.135%	$23K	$199K	10x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX SKHY-USDT	0.0000%	8h	193.24	+0.102%	$707	$6.3M	10x	as long as short
Deribit SKHY_USDC-PERPETUAL	0.0000%	1h	193.05	+0.004%	$49K	$314K	10x	as long as short
HTX SKHY-USDT	0.0000%	8h	192.93	−0.058%	$161K	$367K	50x	as long as short
Phemex SKHYUSDT	0.0000%	8h	193.05	+0.004%	$1.5M	$1.1M	10x	as long as short
QFEX SKHY-USD	+0.0015%	1h	192.91	−0.069%	$1.2M	$4.2M	10x	as long as short
Lighter SKHY	+0.0032%	1h	192.99	−0.027%	$1.0M	$684K	10x	as long as short
Lighter RH SKHY	+0.0032%	1h	193.01	−0.017%	$1.1M	$1.6M	10x	as long as short
Arcus SKHY-USD	+0.0040%	1h	192.87	−0.089%	$57K	$154K	10x	as long as short
Vest SKHY-USD-PERP	+0.0046%	1h	192.91	−0.069%	—	$12K	10x	as long as short
Popdex SKHYUSDT	+0.0048%	1h	192.96	−0.043%	$201K	$255K	20x	as long as short
tradeXYZ xyz:SKHY	+0.0050%	1h	193.05	+0.004%	$161.5M	$67.7M	10x	as long as short
Polymarket Perps SKHY-USD	+0.0050%	1h	192.85	−0.100%	$188K	$456K	10x	as long as short
SoDEX SKHY-USD	+0.0050%	1h	192.94	−0.053%	$43K	$13K	10x	as long as short
Ondo Perps SKHY-USD.P	+0.0050%	1h	192.83	−0.110%	$588K	$2.3M	10x	as long as short
KuCoin SKHYUSDTM	+0.0100%	8h	193.04	−0.001%	$1.1M	$301K	20x	as long as short
Orderly PERP_SKHY_USDC_mythos	+0.0100%	8h	193.02	−0.012%	$2K	$4K	10x	as long as short
BloFin SKHY-USDT	+0.0120%	8h	192.83	−0.110%	$2.3M	$437K	50x	as long as short
Nado SKHY-PERP	+0.0141%	1h	192.88	−0.084%	$38K	$26K	10x	as long as short
Bitget SKHYUSDT	+0.0169%	8h	193.07	+0.014%	$25.3M	$26.9M	20x	as long as short
Phoenix SKHY	+0.0372%	1h	193.00	−0.022%	$216K	$124K	10x	as long as short
Kraken Futures PF_SKHYUSD	+0.1058%	1h	193.10	+0.027%	$50K	$18K	20x	as long as short