Funding arb · Price arb /

SKHY

RWAall SKHY markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0186%/8h= −20.4% APRpaid last 24h 0.000%

Price spread now: Extended against Bitget−0.031%7-day average — · you buy dearer than you sell

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

Long on Bitget Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days−0.098%−$10 on $10k

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

Together, before fees—+ Points / potential airdropExtended: Active · farm boardneeds both histories

Both sides work against this trade now: funding costs −$6 a day on $10k at the current rate, and Extended is 0.031% cheaper against Bitget than usual: you would sell low and buy high (−$3 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.098% in total (about -5.1% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget SKHYUSDT	192.76	0.0186	pay 0.0186% / 8h	6h 04m	$25.5M	$26.3M	20x
Short	Extended SKHY-USD	192.70	0	get 0.0000% / 1h	4m 43s	$56K	$7K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended against Bitget. 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 BitgetbpFee ExtendedbpOrdersPrice spread, now −0.031%Rate

Funding earned: −$39.06
Price spread: −0.031% → 0.000%: −$3.06
Slippage, 4 orders: no order book: not counted
Fee Bitget: 6 bp × 2 orders: −$12
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$59.12
Costs to cover: 0.170%
Break-even: never at this rate

Slippage unknown: Bitget: live order book, 4 min ago; Extended: 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 Bitget live order book, 4 min ago	1.04 bp	8.9 bp −$9	15.4 bp −$154	20.4 bp −$2,041	41.8 bp −$20.9K
Sell Extended no order-book sample	—	—	—	—	—

Extended: 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 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	−0.093%	$581K	$290K	10x	as long as short
Coinbase International SKHY-PERP-INTX	−0.0072%	1h	192.90	+0.073%	$45K	$874K	10x	as long as short
Aster SKHYUSDT	0.0000%	8h	192.66	−0.052%	$248K	$890K	50x	as long as short
Extended SKHY-USDshort	0.0000%	1h	192.70	−0.031%	$56K	$7K	10x
Binance SKHYUSDT	0.0000%	8h	192.74	−0.012%	$208.5M	$386.0M	50x	as long as short
Bybit SKHYUSDT	0.0000%	8h	192.77	+0.005%	$15.7M	$27.4M	100x	as long as short
OKX SKHY-USDT-SWAP	0.0000%	8h	192.81	+0.026%	$46.7M	$69.1M	50x	as long as short
Gate SKHY_USDT	0.0000%	8h	192.74	−0.010%	$25.8M	$19.0M	75x	as long as short
Variational Omni SKHY	0.0000%	8h	192.66	−0.051%	$1.6M	$1.7M	—	as long as short
GRVT SKHY_USDT_Perp	0.0000%	8h	192.32	−0.228%	$23K	$193K	10x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX SKHY-USDT	0.0000%	8h	192.96	+0.104%	$706	$6.5M	10x	as long as short
HTX SKHY-USDT	0.0000%	8h	192.63	−0.067%	$160K	$368K	50x	as long as short
Phemex SKHYUSDT	0.0000%	8h	192.63	−0.067%	$1.5M	$1.1M	10x	as long as short
QFEX SKHY-USD	+0.0002%	1h	192.72	−0.021%	$1.2M	$4.4M	10x	as long as short
Lighter SKHY	+0.0032%	1h	192.62	−0.073%	$1.0M	$693K	10x	as long as short
Lighter RH SKHY	+0.0032%	1h	192.62	−0.073%	$1.1M	$1.5M	10x	as long as short
Arcus SKHY-USD	+0.0040%	1h	192.57	−0.099%	$57K	$155K	10x	as long as short
Vest SKHY-USD-PERP	+0.0046%	1h	192.63	−0.067%	—	$12K	10x	as long as short
Popdex SKHYUSDT	+0.0048%	1h	192.79	+0.016%	$198K	$256K	20x	as long as short
tradeXYZ xyz:SKHY	+0.0050%	1h	192.63	−0.067%	$162.0M	$66.0M	10x	as long as short
Polymarket Perps SKHY-USD	+0.0050%	1h	192.62	−0.073%	$188K	$456K	10x	as long as short
SoDEX SKHY-USD	+0.0050%	1h	192.60	−0.083%	$43K	$13K	10x	as long as short
Ondo Perps SKHY-USD.P	+0.0050%	1h	192.62	−0.073%	$546K	$2.0M	10x	as long as short
Nado SKHY-PERP	+0.0060%	1h	192.70	−0.033%	$38K	$26K	10x	as long as short
Deribit SKHY_USDC-PERPETUAL	+0.0062%	1h	192.64	−0.062%	$48K	$274K	10x	as long as short
KuCoin SKHYUSDTM	+0.0100%	8h	192.69	−0.036%	$1.1M	$288K	20x	as long as short
Orderly PERP_SKHY_USDC_mythos	+0.0100%	8h	192.67	−0.047%	$2K	$4K	10x	as long as short
Bitget SKHYUSDTlong	+0.0186%	8h	192.76	long leg	$25.5M	$26.3M	20x
Phoenix SKHY	+0.0331%	1h	192.54	−0.114%	$216K	$123K	10x	as long as short
Kraken Futures PF_SKHYUSD	+0.0707%	1h	192.77	+0.005%	$51K	$17K	20x	as long as short