Funding arb · Price arb /

SKHY

RWAall SKHY markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0032%/8h= −3.5% APRpaid last 24h +0.013%

Price spread now: Coinbase International against Aster−0.072%7-day average +0.102% · you buy dearer than you sell

Net, funding: paid 7d − costs−$41as in the Funding arb table

Net, price: spread back to 7d avg − costs−$51as in the Price arb table

costs, in and out, $10k−$340.339% of the position

Long on Aster Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days−0.072%−$7 on $10k

Price spread, last 4 days (all we have)+0.182%+$18 · spread now −0.072%, 7d avg +0.102%

Together, before fees+0.111%+ Points / potential airdropAster: Stage 5 · farm board+$11 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 Coinbase International is 0.175% cheaper against Aster than usual: you would sell low and buy high (−$17 if the spread goes back to its 7-day average of +0.102%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster SKHYUSDT	193.04	0	get 0.0000% / 8h	5h 11m	$248K	$889K	50x
Short	Coinbase International SKHY-PERP-INTX	192.90	−0.0032	pay 0.0004% / 1h	11m 46s	$45K	$874K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International 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 Coinbase InternationalbpOrdersPrice spread, now −0.072%Rate

Funding earned: −$6.72
Price spread: −0.072% → +0.102%: −$17.47
Slippage, 4 orders: −$15.88
Fee Aster: 4 bp × 2 orders: −$8
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$58.07
Costs to cover: 0.339%
Break-even: never at this rate

Slippage from Aster: live order book, 51 min ago; Coinbase International: live order book, 52 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, 51 min ago	1.29 bp	7.1 bp −$7	8.1 bp −$81	doesn't fit	doesn't fit
Sell Coinbase International live order book, 52 min ago	4.41 bp	10.6 bp −$11	17.9 bp −$179	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	−0.0644%	4h	193.21	+0.088%	$582K	$291K	10x	as long as short
Coinbase International SKHY-PERP-INTXshort	−0.0032%	1h	192.90	−0.072%	$45K	$874K	10x
Aster SKHYUSDTlong	0.0000%	8h	193.04	long leg	$248K	$889K	50x
Extended SKHY-USD	0.0000%	1h	192.97	−0.036%	$56K	$7K	10x	as long as short
Binance SKHYUSDT	0.0000%	8h	193.05	+0.005%	$205.3M	$392.8M	50x	as long as short
Bybit SKHYUSDT	0.0000%	8h	193.02	−0.010%	$15.7M	$27.4M	100x	as long as short
OKX SKHY-USDT-SWAP	0.0000%	8h	193.03	−0.005%	$46.6M	$70.1M	50x	as long as short
Gate SKHY_USDT	0.0000%	8h	192.96	−0.041%	$25.8M	$19.1M	75x	as long as short
Variational Omni SKHY	0.0000%	8h	193.12	+0.040%	$1.6M	$1.2M	—	as long as short
GRVT SKHY_USDT_Perp	0.0000%	8h	193.22	+0.093%	$23K	$197K	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	193.39	+0.181%	$708	$6.4M	10x	as long as short
HTX SKHY-USDT	0.0000%	8h	193.01	−0.015%	$161K	$368K	50x	as long as short
Phemex SKHYUSDT	0.0000%	8h	193.05	+0.005%	$1.5M	$1.1M	10x	as long as short
QFEX SKHY-USD	+0.0004%	1h	193.13	+0.047%	$1.2M	$4.3M	10x	as long as short
Deribit SKHY_USDC-PERPETUAL	+0.0009%	1h	193.12	+0.042%	$49K	$299K	10x	as long as short
Lighter SKHY	+0.0032%	1h	192.97	−0.036%	$1.0M	$690K	10x	as long as short
Lighter RH SKHY	+0.0032%	1h	192.97	−0.036%	$1.1M	$1.6M	10x	as long as short
Arcus SKHY-USD	+0.0040%	1h	193.10	+0.031%	$57K	$154K	10x	as long as short
Vest SKHY-USD-PERP	+0.0046%	1h	193.12	+0.042%	—	$12K	10x	as long as short
Popdex SKHYUSDT	+0.0048%	1h	193.14	+0.052%	$200K	$256K	20x	as long as short
tradeXYZ xyz:SKHY	+0.0050%	1h	192.99	−0.026%	$161.5M	$67.5M	10x	as long as short
Polymarket Perps SKHY-USD	+0.0050%	1h	193.06	+0.010%	$189K	$456K	10x	as long as short
SoDEX SKHY-USD	+0.0050%	1h	193.07	+0.016%	$43K	$13K	10x	as long as short
Ondo Perps SKHY-USD.P	+0.0050%	1h	192.96	−0.041%	$594K	$2.2M	10x	as long as short
KuCoin SKHYUSDTM	+0.0100%	8h	193.02	−0.010%	$1.1M	$295K	20x	as long as short
Orderly PERP_SKHY_USDC_mythos	+0.0100%	8h	193.09	+0.026%	$2K	$4K	10x	as long as short
BloFin SKHY-USDT	+0.0120%	8h	193.11	+0.036%	$2.3M	$447K	50x	as long as short
Nado SKHY-PERP	+0.0174%	1h	193.10	+0.033%	$38K	$26K	10x	as long as short
Bitget SKHYUSDT	+0.0180%	8h	193.05	+0.005%	$25.4M	$26.9M	20x	as long as short
Phoenix SKHY	+0.0332%	1h	193.35	+0.161%	$217K	$124K	10x	as long as short
Kraken Futures PF_SKHYUSD	+0.0545%	1h	193.21	+0.087%	$51K	$17K	20x	as long as short