Funding arb · Price arb /

SKHY

RWAall SKHY markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0061%/8h= −6.6% APRpaid last 24h −0.002%

Price spread now: QFEX against Binance−0.005%7-day average −0.037% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$21as in the Price arb table

costs, in and out, $10k−$240.243% of the position

Long on Binance Short on QFEX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.032%−$3 on $10k

Price spread, last 7 days−0.011%−$1 · spread now −0.005%, 7d avg −0.037%

Together, before fees−0.042%−$4 on $10k · with fees, hour by hour

The price spread pays, funding is against you. QFEX is 0.031% dearer against Binance than usual: you sell high and buy low (spread −0.005% now, against its 7-day average of −0.037%): +$3 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 41 hours. At the pace of the last 4 days (−0.032% in total) that is about 3.7 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance SKHYUSDT	186.24	0	get 0.0000% / 8h	13m 15s	$199.8M	$452.2M	50x
Short	QFEX SKHY-USD	186.23	−0.0061	pay 0.0008% / 1h	13m 15s	$1.2M	$4.3M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

QFEX 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 QFEXbpOrdersPrice spread, now −0.005%Rate

Funding earned: −$12.75
Price spread: −0.005% → −0.037%: $3.15
Slippage, 4 orders: −$4.27
Fee Binance: 5 bp × 2 orders: −$10
Fee QFEX: 5 bp × 2 orders: −$10
Net: −$33.87
Costs to cover: 0.243%
Break-even: never at this rate

Slippage from Binance: live order book, 16 min ago; QFEX: live order book, 5 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 Binance live order book, 16 min ago	0.27 bp	5.5 bp −$6	8.3 bp −$83	28.3 bp −$2,825	115.7 bp −$57.8K
Sell QFEX live order book, 5 min ago	1.61 bp	6.6 bp −$7	9.2 bp −$92	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
Bitget SKHYUSDT	−0.1242%	8h	186.47	+0.123%	$25.5M	$33.4M	20x	as long as short
edgeX SKHYUSDC	−0.0686%	4h	186.26	+0.010%	$561K	$292K	10x	as long as short
Kraken Futures PF_SKHYUSD	−0.0266%	1h	186.34	+0.053%	$48K	$21K	20x	as long as short
tradeXYZ xyz:SKHY	−0.0155%	1h	186.22	−0.011%	$158.1M	$76.9M	10x	as long as short
Nado SKHY-PERP	−0.0134%	1h	186.33	+0.051%	$33K	$28K	10x	as long as short
Coinbase International SKHY-PERP-INTX	−0.0072%	1h	187.58	+0.719%	$68K	$803K	10x	as long as short
Polymarket Perps SKHY-USD	−0.0069%	1h	186.16	−0.043%	$180K	$486K	10x	as long as short
QFEX SKHY-USDshort	−0.0061%	1h	186.23	−0.005%	$1.2M	$4.3M	10x
KuCoin SKHYUSDTM	−0.0054%	8h	186.30	+0.032%	$1.1M	$344K	20x	as long as short
Popdex SKHYUSDT	−0.0032%	1h	186.23	−0.005%	$204K	$287K	20x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter SKHY	0.0000%	1h	186.22	−0.011%	$973K	$1.2M	10x	as long as short
Aster SKHYUSDT	0.0000%	8h	186.30	+0.034%	$223K	$899K	50x	as long as short
Extended SKHY-USD	0.0000%	1h	186.19	−0.025%	$54K	$7K	10x	as long as short
Binance SKHYUSDTlong	0.0000%	8h	186.24	long leg	$199.8M	$452.2M	50x
Bybit SKHYUSDT	0.0000%	8h	186.24	0.000%	$16.6M	$29.4M	100x	as long as short
OKX SKHY-USDT-SWAP	0.0000%	8h	186.22	−0.011%	$44.5M	$79.8M	50x	as long as short
Gate SKHY_USDT	0.0000%	8h	186.28	+0.021%	$25.5M	$21.1M	75x	as long as short
Variational Omni SKHY	0.0000%	8h	186.36	+0.062%	$1.6M	$1.1M	—	as long as short
GRVT SKHY_USDT_Perp	0.0000%	8h	186.29	+0.027%	$22K	$238K	10x	as long as short
SunX SKHY-USDT	0.0000%	8h	186.53	+0.156%	$683	$6.1M	10x	as long as short
Deribit SKHY_USDC-PERPETUAL	0.0000%	1h	186.27	+0.016%	$49K	$347K	10x	as long as short
HTX SKHY-USDT	0.0000%	8h	186.22	−0.011%	$154K	$362K	50x	as long as short
Phemex SKHYUSDT	0.0000%	8h	186.29	+0.027%	$1.5M	$1.1M	10x	as long as short
Lighter RH SKHY	+0.0032%	1h	186.16	−0.043%	$1.1M	$1.5M	10x	as long as short
Arcus SKHY-USD	+0.0040%	1h	186.30	+0.032%	$60K	$171K	10x	as long as short
Vest SKHY-USD-PERP	+0.0046%	1h	186.17	−0.038%	—	$32K	10x	as long as short
SoDEX SKHY-USD	+0.0050%	1h	186.24	0.000%	$41K	$12K	10x	as long as short
Ondo Perps SKHY-USD.P	+0.0050%	1h	186.26	+0.011%	$520K	$2.6M	10x	as long as short
Orderly PERP_SKHY_USDC_mythos	+0.0100%	8h	186.25	+0.005%	$2K	$4K	10x	as long as short
BloFin SKHY-USDT	+0.0120%	8h	186.23	−0.005%	$2.2M	$426K	50x	as long as short
Phoenix SKHY	+0.0129%	1h	186.60	+0.193%	$209K	$123K	10x	as long as short