Funding arb · Price arb /

SKHY

RWAall SKHY markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0951%/8h= +104.1% APRpaid last 24h +0.114%

Price spread now: Kraken Futures against Binance+0.051%54s7-day average — · you sell dearer than you buy

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

Long on Binance Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days+0.703%+$70 on $10k

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Both sides work for this trade now. Funding pays +$29 a day on $10k at the current rate, and Kraken Futures is 0.051% dearer against Binance than usual: you sell high and buy low: +$5 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 54 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	Binance SKHYUSDT	189.57	0	get 0.0000% / 8h	15m 30s	$212.0M	$377.8M	50x
Short	Kraken Futures PF_SKHYUSD	189.67	0.0951	get 0.0119% / 1h	15m 30s	$50K	$24K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against Binance. 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 BinancebpFee Kraken FuturesbpOrdersPrice spread, now +0.051%Rate

Funding earned: $199.61
Price spread: +0.051% → 0.000%: $5.05
Slippage, 4 orders: no order book: not counted
Fee Binance: 5 bp × 2 orders: −$10
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: $184.67
Costs to cover: 0.200%
Break-even: 0.5 days

Slippage unknown: Binance: live order book, 13 min ago; Kraken Futures: 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 Binance live order book, 13 min ago	0.26 bp	6.0 bp −$6	8.6 bp −$86	22.4 bp −$2,237	103.0 bp −$51.5K
Sell Kraken Futures no order-book sample	—	—	—	—	—

Kraken Futures: 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	−0.0648%	4h	189.61	+0.021%	$572K	$291K	10x	as long as short
Nado SKHY-PERP	−0.0043%	1h	189.63	+0.028%	$28K	$2K	10x	as long as short
QFEX SKHY-USD	0.0000%	1h	189.58	+0.004%	$1.2M	$5.3M	10x	as long as short
Aster SKHYUSDT	0.0000%	8h	189.63	+0.029%	$252K	$903K	50x	as long as short
Extended SKHY-USD	0.0000%	1h	189.56	−0.007%	$55K	$4K	10x	as long as short
Binance SKHYUSDTlong	0.0000%	8h	189.57	long leg	$212.0M	$377.8M	50x
Bybit SKHYUSDT	0.0000%	8h	189.63	+0.031%	$15.7M	$27.0M	100x	as long as short
OKX SKHY-USDT-SWAP	0.0000%	8h	189.61	+0.020%	$47.1M	$61.2M	50x	as long as short
Gate SKHY_USDT	0.0000%	8h	189.58	+0.004%	$26.1M	$17.8M	75x	as long as short
Bitget SKHYUSDT	0.0000%	8h	189.63	+0.031%	$25.4M	$25.7M	20x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni SKHY	0.0000%	8h	189.62	+0.024%	$1.6M	$2.5M	—	as long as short
GRVT SKHY_USDT_Perp	0.0000%	8h	189.64	+0.037%	$22K	$208K	10x	as long as short
SunX SKHY-USDT	0.0000%	8h	189.90	+0.173%	$695	$7.2M	10x	as long as short
Deribit SKHY_USDC-PERPETUAL	0.0000%	1h	189.63	+0.031%	$46K	$258K	10x	as long as short
HTX SKHY-USDT	0.0000%	8h	189.64	+0.036%	$155K	$401K	50x	as long as short
Phemex SKHYUSDT	0.0000%	8h	189.61	+0.020%	$1.5M	$1.1M	10x	as long as short
KuCoin SKHYUSDTM	+0.0012%	8h	189.53	−0.022%	$1.1M	$282K	20x	as long as short
Lighter SKHY	+0.0032%	1h	189.54	−0.017%	$1.0M	$689K	10x	as long as short
Lighter RH SKHY	+0.0032%	1h	189.53	−0.022%	$1.1M	$1.4M	10x	as long as short
Arcus SKHY-USD	+0.0040%	1h	189.61	+0.020%	$56K	$155K	10x	as long as short
Vest SKHY-USD-PERP	+0.0046%	1h	189.59	+0.010%	—	$12K	10x	as long as short
Popdex SKHYUSDT	+0.0048%	1h	189.57	−0.001%	$202K	$241K	20x	as long as short
tradeXYZ xyz:SKHY	+0.0050%	1h	189.59	+0.010%	$164.5M	$65.2M	10x	as long as short
Polymarket Perps SKHY-USD	+0.0050%	1h	189.55	−0.012%	$170K	$952K	10x	as long as short
SoDEX SKHY-USD	+0.0050%	1h	189.59	+0.010%	$42K	$13K	10x	as long as short
Ondo Perps SKHY-USD.P	+0.0050%	1h	189.65	+0.041%	$558K	$1.2M	10x	as long as short
Orderly PERP_SKHY_USDC_mythos	+0.0100%	8h	189.61	+0.020%	$2K	$4K	10x	as long as short
BloFin SKHY-USDT	+0.0120%	8h	189.67	+0.052%	$2.2M	$415K	50x	as long as short
Coinbase International SKHY-PERP-INTX	+0.0128%	1h	189.72	+0.078%	$169K	$687K	10x	as long as short
Phoenix SKHY	+0.0380%	1h	189.87	+0.157%	$214K	$128K	10x	as long as short
Kraken Futures PF_SKHYUSDshort	+0.0951%	1h	189.67	+0.051%	$50K	$24K	20x