Funding arb · Price arb /

SKHY

RWAall SKHY markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0050%/8h= +5.5% APRpaid last 24h +0.015%

Price spread now: Ondo Perps against Binance−0.164%7-day average −0.032% · you buy dearer than you sell

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

Long on Binance Short on Ondo Perps

What this pair did over the last

the charts below follow

Funding, last 7 days+0.108%+$11 on $10k

Price spread, last 7 days+0.162%+$16 · spread now −0.164%, 7d avg −0.032%

Together, before fees+0.269%+ Points / potential airdropOndo Perps: Active · farm board+$27 on $10k · with fees, hour by hour

Funding pays, the price is against you. Ondo Perps is 0.131% cheaper against Binance than usual: you would sell low and buy high (spread −0.164% now, against its 7-day average of −0.032%). If the spread goes back, that is −$13 on $10k: about 8.7 days of funding at the current rate (+$2 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance SKHYUSDT	190.83	0	get 0.0000% / 8h	3h 48m	$200.7M	$401.1M	50x
Short	Ondo Perps SKHY-USD.P	190.52	0.0050	get 0.0006% / 1h	48m 11s	$549K	$2.5M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Ondo Perps against Binance. 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 BinancebpFee Ondo PerpsbpOrdersPrice spread, now −0.164%Rate

Funding earned: $10.58
Price spread: −0.164% → −0.032%: −$13.12
Slippage, 4 orders: no order book: not counted
Fee Binance: 5 bp × 2 orders: −$10
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Net: −$17.54
Costs to cover: 0.150%
Break-even: 18.6 days

Slippage unknown: Binance: live order book, 11 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 Binance live order book, 11 min ago	0.26 bp	5.8 bp −$6	7.3 bp −$73	24.8 bp −$2,484	102.1 bp −$51.1K
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	−0.0312%	4h	191.61	+0.409%	$578K	$290K	10x	as long as short
Coinbase International SKHY-PERP-INTX	−0.0104%	1h	192.84	+1.052%	$45K	$861K	10x	as long as short
tradeXYZ xyz:SKHY	−0.0004%	1h	190.79	−0.022%	$159.5M	$68.9M	10x	as long as short
Aster SKHYUSDT	0.0000%	8h	190.70	−0.068%	$248K	$891K	50x	as long as short
Extended SKHY-USD	0.0000%	1h	190.70	−0.067%	$56K	$7K	10x	as long as short
Binance SKHYUSDTlong	0.0000%	8h	190.83	long leg	$200.7M	$401.1M	50x
Bybit SKHYUSDT	0.0000%	8h	190.85	+0.009%	$15.5M	$28.3M	100x	as long as short
OKX SKHY-USDT-SWAP	0.0000%	8h	190.82	−0.006%	$45.9M	$72.4M	50x	as long as short
Gate SKHY_USDT	0.0000%	8h	190.81	−0.012%	$25.7M	$19.3M	75x	as long as short
Bitget SKHYUSDT	0.0000%	8h	190.87	+0.020%	$24.4M	$28.1M	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	191.43	+0.314%	$1.6M	$1.1M	—	as long as short
GRVT SKHY_USDT_Perp	0.0000%	8h	191.64	+0.423%	$22K	$209K	10x	as long as short
SunX SKHY-USDT	0.0000%	8h	191.13	+0.156%	$700	$6.2M	10x	as long as short
HTX SKHY-USDT	0.0000%	8h	190.68	−0.080%	$159K	$370K	50x	as long as short
Phemex SKHYUSDT	0.0000%	8h	191.00	+0.088%	$1.5M	$1.1M	10x	as long as short
QFEX SKHY-USD	+0.0011%	1h	190.78	−0.027%	$1.2M	$4.0M	10x	as long as short
Lighter SKHY	+0.0032%	1h	190.74	−0.048%	$1.0M	$691K	10x	as long as short
Lighter RH SKHY	+0.0032%	1h	190.74	−0.048%	$1.1M	$1.4M	10x	as long as short
Arcus SKHY-USD	+0.0040%	1h	191.09	+0.135%	$59K	$164K	10x	as long as short
Vest SKHY-USD-PERP	+0.0046%	1h	190.67	−0.085%	—	$12K	10x	as long as short
Popdex SKHYUSDT	+0.0048%	1h	190.82	−0.006%	$201K	$257K	20x	as long as short
Polymarket Perps SKHY-USD	+0.0050%	1h	190.76	−0.038%	$182K	$460K	10x	as long as short
SoDEX SKHY-USD	+0.0050%	1h	190.72	−0.059%	$42K	$13K	10x	as long as short
Ondo Perps SKHY-USD.Pshort	+0.0050%	1h	190.52	−0.164%	$549K	$2.5M	10x
KuCoin SKHYUSDTM	+0.0100%	8h	190.81	−0.012%	$1.1M	$321K	20x	as long as short
Orderly PERP_SKHY_USDC_mythos	+0.0100%	8h	190.68	−0.080%	$2K	$4K	10x	as long as short
Nado SKHY-PERP	+0.0119%	1h	190.71	−0.063%	$34K	$28K	10x	as long as short
BloFin SKHY-USDT	+0.0120%	8h	190.70	−0.069%	$2.2M	$435K	50x	as long as short
Deribit SKHY_USDC-PERPETUAL	+0.0222%	1h	190.92	+0.046%	$48K	$325K	10x	as long as short
Phoenix SKHY	+0.0375%	1h	191.05	+0.114%	$214K	$124K	10x	as long as short
Kraken Futures PF_SKHYUSD	+0.0686%	1h	190.85	+0.007%	$48K	$19K	20x	as long as short