Funding arb · Price arb /

SKHY

RWAall SKHY markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0197%/8h= −21.6% APRpaid last 24h +0.023%

Price spread now: edgeX against Aster−0.040%80s7-day average −0.007% · you buy dearer than you sell

Net, funding: paid 7d − costs+$49as in the Funding arb table

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

costs, in and out, $10k−$250.251% of the position

Long on Aster Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.740%+$74 on $10k

Price spread, last 3 days (all we have)+0.241%+$24 · spread now −0.040%, 7d avg −0.007%

Together, before fees+0.980%+ Points / potential airdropAster: Stage 5 · edgeX: Active · farm board+$98 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$6 a day on $10k at the current rate, and edgeX is 0.034% cheaper against Aster than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of −0.007%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.740%, so the current rate has only just turned against you. The two prices were read 80 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	Aster SKHYUSDT	188.93	0	get 0.0000% / 8h	1h 14m	$250K	$902K	50x
Short	edgeX SKHYUSDC	188.86	−0.0197	pay 0.0099% / 4h	1h 14m	$569K	$291K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX 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 edgeXbpOrdersPrice spread, now −0.040%Rate

Funding earned: −$41.44
Price spread: −0.040% → −0.007%: −$3.38
Slippage, 4 orders: −$8.11
Fee Aster: 4 bp × 2 orders: −$8
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$69.92
Costs to cover: 0.251%
Break-even: never at this rate

Slippage from Aster: live order book, 4 min ago; edgeX: live order book, 4 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, 4 min ago	0.79 bp	6.5 bp −$6	13.6 bp −$136	doesn't fit	doesn't fit
Sell edgeX live order book, 4 min ago	1.06 bp	5.9 bp −$6	11.6 bp −$116	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 SKHYUSDCshort	−0.0197%	4h	188.86	−0.040%	$569K	$291K	10x
Nado SKHY-PERP	−0.0040%	1h	189.00	+0.038%	$28K	$2K	10x	as long as short
KuCoin SKHYUSDTM	−0.0025%	8h	188.84	−0.049%	$1.1M	$311K	20x	as long as short
QFEX SKHY-USD	−0.0001%	1h	188.98	+0.025%	$1.2M	$5.2M	10x	as long as short
Aster SKHYUSDTlong	0.0000%	8h	188.93	long leg	$250K	$902K	50x
Extended SKHY-USD	0.0000%	1h	188.98	+0.027%	$55K	$4K	10x	as long as short
Binance SKHYUSDT	0.0000%	8h	189.03	+0.050%	$211.9M	$378.6M	50x	as long as short
Bybit SKHYUSDT	0.0000%	8h	189.05	+0.062%	$15.8M	$26.4M	100x	as long as short
OKX SKHY-USDT-SWAP	0.0000%	8h	189.05	+0.062%	$46.9M	$60.8M	50x	as long as short
Gate SKHY_USDT	0.0000%	8h	188.99	+0.030%	$25.9M	$17.8M	75x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget SKHYUSDT	0.0000%	8h	189.07	+0.073%	$25.6M	$25.2M	20x	as long as short
Variational Omni SKHY	0.0000%	8h	188.87	−0.032%	$1.5M	$2.5M	—	as long as short
GRVT SKHY_USDT_Perp	0.0000%	8h	188.89	−0.023%	$22K	$216K	10x	as long as short
SunX SKHY-USDT	0.0000%	8h	189.31	+0.200%	$693	$7.3M	10x	as long as short
HTX SKHY-USDT	0.0000%	8h	188.99	+0.030%	$155K	$400K	50x	as long as short
Phemex SKHYUSDT	0.0000%	8h	189.03	+0.052%	$1.5M	$1.1M	10x	as long as short
Deribit SKHY_USDC-PERPETUAL	+0.0015%	1h	189.04	+0.057%	$45K	$233K	10x	as long as short
Lighter SKHY	+0.0032%	1h	188.98	+0.025%	$1.0M	$717K	10x	as long as short
Lighter RH SKHY	+0.0032%	1h	188.93	−0.001%	$1.1M	$1.4M	10x	as long as short
Arcus SKHY-USD	+0.0040%	1h	188.99	+0.030%	$56K	$156K	10x	as long as short
Vest SKHY-USD-PERP	+0.0046%	1h	188.96	+0.014%	—	$12K	10x	as long as short
Popdex SKHYUSDT	+0.0048%	1h	189.03	+0.052%	$202K	$241K	20x	as long as short
tradeXYZ xyz:SKHY	+0.0050%	1h	188.98	+0.025%	$164.7M	$64.9M	10x	as long as short
Polymarket Perps SKHY-USD	+0.0050%	1h	188.92	−0.007%	$186K	$923K	10x	as long as short
SoDEX SKHY-USD	+0.0050%	1h	188.97	+0.020%	$42K	$13K	10x	as long as short
Ondo Perps SKHY-USD.P	+0.0050%	1h	189.02	+0.046%	$542K	$989K	10x	as long as short
Orderly PERP_SKHY_USDC_mythos	+0.0100%	8h	189.01	+0.041%	$2K	$5K	10x	as long as short
BloFin SKHY-USDT	+0.0120%	8h	188.97	+0.020%	$2.2M	$431K	50x	as long as short
Coinbase International SKHY-PERP-INTX	+0.0240%	1h	188.78	−0.081%	$168K	$685K	10x	as long as short
Phoenix SKHY	+0.0297%	1h	189.20	+0.142%	$213K	$128K	10x	as long as short
Kraken Futures PF_SKHYUSD	+0.0870%	1h	189.18	+0.133%	$50K	$24K	20x	as long as short