Funding arb · Price arb /

SKHY

RWAall SKHY markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0018%/8h= +1.9% APRpaid last 24h +0.015%

Price spread now: Ondo Perps against Aster−0.072%47s7-day average −0.030% · you buy dearer than you sell

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

Long on Aster Short on Ondo Perps

What this pair did over the last

the charts below follow

Funding, last 7 days+0.107%+$11 on $10k

Price spread, last 4 days (all we have)+0.026%+$3 · spread now −0.072%, 7d avg −0.030%

Together, before fees+0.133%+ Points / potential airdropAster: Stage 5 · Ondo Perps: Active · farm board+$13 on $10k · with fees, hour by hour

Funding pays, the price is against you. Ondo Perps is 0.043% cheaper against Aster than usual: you would sell low and buy high (spread −0.072% now, against its 7-day average of −0.030%). If the spread goes back, that is −$4 on $10k: about 8.1 days of funding at the current rate (+$1 a day). At the pace of the last 7 days (+0.107% in total) that is about 2.8 days. The two prices were read 47 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	186.85	0	get 0.0000% / 8h	2h 30m	$228K	$910K	50x
Short	Ondo Perps SKHY-USD.P	186.72	0.0018	get 0.0002% / 1h	30m 50s	$515K	$2.6M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Ondo Perps against Aster. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 Ondo PerpsbpOrdersPrice spread, now −0.072%Rate

Funding earned: $3.7
Price spread: −0.072% → −0.030%: −$4.26
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Net: −$13.56
Costs to cover: 0.130%
Break-even: 32.7 days

Slippage unknown: Aster: live order book, 17 min ago; Ondo Perps: no order-book sample. 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 Aster live order book, 17 min ago	0.80 bp	7.7 bp −$8	10.5 bp −$105	doesn't fit	doesn't fit
Sell Ondo Perps no order-book sample	—	—	—	—	—

Ondo Perps: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	−0.0986%	4h	186.53	−0.173%	$562K	$292K	10x	as long as short
Bitget SKHYUSDT	−0.0903%	8h	187.03	+0.094%	$24.6M	$30.3M	20x	as long as short
Nado SKHY-PERP	−0.0099%	1h	186.70	−0.082%	$33K	$28K	10x	as long as short
tradeXYZ xyz:SKHY	−0.0069%	1h	186.90	+0.024%	$157.9M	$72.8M	10x	as long as short
Polymarket Perps SKHY-USD	−0.0050%	1h	186.54	−0.169%	$180K	$487K	10x	as long as short
Coinbase International SKHY-PERP-INTX	−0.0024%	1h	186.71	−0.078%	$47K	$875K	10x	as long as short
Deribit SKHY_USDC-PERPETUAL	−0.0018%	1h	186.70	−0.083%	$48K	$334K	10x	as long as short
QFEX SKHY-USD	−0.0014%	1h	186.66	−0.104%	$1.2M	$4.1M	10x	as long as short
Lighter SKHY	0.0000%	1h	186.86	+0.003%	$932K	$950K	10x	as long as short
Aster SKHYUSDTlong	0.0000%	8h	186.85	long leg	$228K	$910K	50x

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended SKHY-USD	0.0000%	1h	186.66	−0.105%	$54K	$7K	10x	as long as short
Binance SKHYUSDT	0.0000%	8h	186.78	−0.040%	$198.7M	$423.7M	50x	as long as short
Bybit SKHYUSDT	0.0000%	8h	186.80	−0.029%	$15.5M	$29.7M	100x	as long as short
OKX SKHY-USDT-SWAP	0.0000%	8h	186.89	+0.019%	$44.2M	$75.2M	50x	as long as short
Gate SKHY_USDT	0.0000%	8h	186.78	−0.040%	$25.1M	$20.3M	75x	as long as short
Variational Omni SKHY	0.0000%	8h	186.65	−0.112%	$1.6M	$1.0M	—	as long as short
GRVT SKHY_USDT_Perp	0.0000%	8h	186.43	−0.230%	$22K	$219K	10x	as long as short
SunX SKHY-USDT	0.0000%	8h	187.02	+0.088%	$684	$6.2M	10x	as long as short
HTX SKHY-USDT	0.0000%	8h	186.62	−0.126%	$155K	$371K	50x	as long as short
Phemex SKHYUSDT	0.0000%	8h	186.77	−0.045%	$1.5M	$1.1M	10x	as long as short
Ondo Perps SKHY-USD.Pshort	+0.0018%	1h	186.72	−0.072%	$515K	$2.6M	10x
Lighter RH SKHY	+0.0032%	1h	186.84	−0.008%	$1.0M	$1.5M	10x	as long as short
Arcus SKHY-USD	+0.0040%	1h	186.83	−0.013%	$58K	$164K	10x	as long as short
Vest SKHY-USD-PERP	+0.0046%	1h	186.69	−0.088%	—	$12K	10x	as long as short
Popdex SKHYUSDT	+0.0048%	1h	186.68	−0.094%	$192K	$271K	20x	as long as short
SoDEX SKHY-USD	+0.0050%	1h	186.74	−0.062%	$41K	$13K	10x	as long as short
KuCoin SKHYUSDTM	+0.0100%	8h	186.77	−0.045%	$1.1M	$318K	20x	as long as short
Orderly PERP_SKHY_USDC_mythos	+0.0100%	8h	186.73	−0.067%	$2K	$4K	10x	as long as short
BloFin SKHY-USDT	+0.0120%	8h	186.72	−0.072%	$2.2M	$408K	50x	as long as short
Phoenix SKHY	+0.0254%	1h	187.25	+0.211%	$210K	$124K	10x	as long as short
Kraken Futures PF_SKHYUSD	+0.0262%	1h	186.83	−0.014%	$47K	$19K	20x	as long as short