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: GRVT against Aster−0.258%90s7-day average +0.011% · you buy dearer than you sell

Net, funding: paid 7d − costs−$26as 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−$300.298% of the position

Long on Aster Short on GRVT

What this pair did over the last

the charts below follow

Funding, last 7 days+0.035%+$4 on $10k

Price spread, last 4 days (all we have)+1.044%+$104 · spread now −0.258%, 7d avg +0.011%

Together, before fees+1.079%+ Points / potential airdropAster: Stage 5 · GRVT: Active · farm board+$108 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: GRVT is 0.269% cheaper against Aster than usual: you would sell low and buy high, −$27 on $10k if it goes back to its 7-day average of +0.011%. The two prices were read 90 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	192.82	0	get 0.0000% / 8h	6h 04m	$248K	$890K	50x
Short	GRVT SKHY_USDT_Perp	192.32	0	get 0.0000% / 8h	6h 04m	$23K	$193K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GRVT 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 GRVTbpOrdersPrice spread, now −0.258%Rate

Funding earned: $0
Price spread: −0.258% → +0.011%: −$26.94
Slippage, 4 orders: −$12.83
Fee Aster: 4 bp × 2 orders: −$8
Fee GRVT: 4.5 bp × 2 orders: −$9
Net: −$56.77
Costs to cover: 0.298%
Break-even: never at this rate

Slippage from Aster: live order book, 64 min ago; GRVT: live order book, 63 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, 64 min ago	1.03 bp	7.0 bp −$7	13.6 bp −$136	doesn't fit	doesn't fit
Sell GRVT live order book, 63 min ago	3.36 bp	7.9 bp −$8	12.7 bp −$127	doesn't fit	doesn't fit

SKHY on 30 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	−0.0922%	4h	192.58	−0.123%	$581K	$290K	10x	as long as short
Coinbase International SKHY-PERP-INTX	−0.0072%	1h	192.90	+0.043%	$45K	$874K	10x	as long as short
Aster SKHYUSDTlong	0.0000%	8h	192.82	long leg	$248K	$890K	50x
Extended SKHY-USD	0.0000%	1h	192.79	−0.017%	$56K	$7K	10x	as long as short
Binance SKHYUSDT	0.0000%	8h	192.87	+0.027%	$208.6M	$386.1M	50x	as long as short
Bybit SKHYUSDT	0.0000%	8h	192.87	+0.027%	$15.7M	$27.4M	100x	as long as short
OKX SKHY-USDT-SWAP	0.0000%	8h	192.84	+0.011%	$46.7M	$69.1M	50x	as long as short
Gate SKHY_USDT	0.0000%	8h	192.80	−0.009%	$25.8M	$19.0M	75x	as long as short
Variational Omni SKHY	0.0000%	8h	192.66	−0.081%	$1.6M	$1.7M	—	as long as short
GRVT SKHY_USDT_Perpshort	0.0000%	8h	192.32	−0.258%	$23K	$193K	10x

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX SKHY-USDT	0.0000%	8h	193.09	+0.141%	$707	$6.5M	10x	as long as short
HTX SKHY-USDT	0.0000%	8h	192.81	−0.004%	$160K	$369K	50x	as long as short
Phemex SKHYUSDT	0.0000%	8h	192.81	−0.004%	$1.5M	$1.1M	10x	as long as short
QFEX SKHY-USD	+0.0002%	1h	192.72	−0.051%	$1.2M	$4.4M	10x	as long as short
Lighter SKHY	+0.0032%	1h	192.74	−0.040%	$1.0M	$693K	10x	as long as short
Lighter RH SKHY	+0.0032%	1h	192.72	−0.051%	$1.1M	$1.5M	10x	as long as short
Arcus SKHY-USD	+0.0040%	1h	192.57	−0.129%	$57K	$155K	10x	as long as short
Vest SKHY-USD-PERP	+0.0046%	1h	192.71	−0.056%	—	$12K	10x	as long as short
Popdex SKHYUSDT	+0.0048%	1h	192.79	−0.015%	$198K	$256K	20x	as long as short
tradeXYZ xyz:SKHY	+0.0050%	1h	192.77	−0.025%	$162.1M	$66.1M	10x	as long as short
Polymarket Perps SKHY-USD	+0.0050%	1h	192.68	−0.072%	$188K	$456K	10x	as long as short
SoDEX SKHY-USD	+0.0050%	1h	192.75	−0.035%	$43K	$13K	10x	as long as short
Ondo Perps SKHY-USD.P	+0.0050%	1h	192.62	−0.103%	$546K	$2.0M	10x	as long as short
Nado SKHY-PERP	+0.0063%	1h	192.67	−0.075%	$38K	$26K	10x	as long as short
KuCoin SKHYUSDTM	+0.0100%	8h	192.81	−0.004%	$1.1M	$288K	20x	as long as short
Orderly PERP_SKHY_USDC_mythos	+0.0100%	8h	192.82	+0.001%	$2K	$4K	10x	as long as short
Bitget SKHYUSDT	+0.0186%	8h	192.76	−0.030%	$25.5M	$26.3M	20x	as long as short
Deribit SKHY_USDC-PERPETUAL	+0.0269%	1h	192.87	+0.027%	$48K	$275K	10x	as long as short
Phoenix SKHY	+0.0331%	1h	192.54	−0.144%	$216K	$123K	10x	as long as short
Kraken Futures PF_SKHYUSD	+0.0706%	1h	192.91	+0.047%	$51K	$17K	20x	as long as short