Settings8H · net · $10k
Funding arb · Price arb /

SKHY

RWAall SKHY markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC−0.0202%/8h= −22.1% APRnext payment $2.02 per $10,000 · paid last 24h 0.000%
Price spread now: OKX against Bitget+0.062%7-day average −0.002% · you sell dearer than you buy
Net, funding: paid 7d − costs−$31as in the Funding arb table
Net, price: spread back to 7d avg − costs−$24as in the Price arb table
costs, in and out, $10k−$300.302% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.012%−$1 on $10k
Price spread, last 7 days−0.042%−$4 · spread now +0.062%, 7d avg −0.002%
Together, before fees−0.054%−$5 on $10k · with fees, hour by hour
The price spread pays, funding is against you. OKX is 0.064% dearer against Bitget than usual: you sell high and buy low (spread +0.062% now, against its 7-day average of −0.002%): +$6 on $10k if it goes back. Holding the pair costs −$6 a day in funding at the current rate, which eats that in about 25 hours. At the pace of the last 7 days (−0.012% in total) that is about 38 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.012% in total (about -0.6% a year). A funding rate is set anew for every payment; at this rate the next one is about $2.02 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBitget SKHYUSDT193.070.0202pay 0.0202% / 8h5h 55m$25.6M$26.4M20x
ShortOKX SKHY-USDT-SWAP193.190get 0.0000% / 8h5h 55m$46.9M$69.3M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

OKX 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

Funding earned
−$42.42
Price spread: +0.062% → −0.002%
$6.44
Slippage, 4 orders
−$8.2
Fee Bitget: 6 bp × 2 orders
−$12
Fee OKX: 5 bp × 2 orders
−$10
Net
−$66.18
Costs to cover
0.302%
Break-even
never at this rate
Slippage from Bitget: live order book, 4 min ago; OKX: live order book, 4 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Bitget live order book, 4 min ago0.78 bp9.1 bp −$911.9 bp −$11915.9 bp −$1,59434.4 bp −$17.2K
Sell OKX live order book, 4 min ago0.26 bp5.4 bp −$57.5 bp −$7536.9 bp −$3,693doesn't fit

SKHY on 30 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
edgeX SKHYUSDC−0.0410%4h193.08+0.005%$582K$289K10xas long as short
Coinbase International SKHY-PERP-INTX−0.0032%1h192.90−0.088%$45K$874K10xas long as short
Aster SKHYUSDT0.0000%8h193.12+0.024%$248K$890K50xas long as short
Extended SKHY-USD0.0000%1h193.06−0.005%$56K$7K10xas long as short
Binance SKHYUSDT0.0000%8h193.11+0.020%$208.8M$385.5M50xas long as short
Bybit SKHYUSDT0.0000%8h193.17+0.052%$15.7M$27.3M100xas long as short
OKX SKHY-USDT-SWAPshort0.0000%8h193.19+0.062%$46.9M$69.3M50x
Gate SKHY_USDT0.0000%8h193.06−0.005%$25.8M$18.8M75xas long as short
Variational Omni SKHY0.0000%8h192.98−0.045%$1.6M$1.4Mas long as short
GRVT SKHY_USDT_Perp0.0000%8h193.12+0.026%$23K$194K10xas long as short
Show all 30 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
SunX SKHY-USDT0.0000%8h193.42+0.181%$708$6.4M10xas long as short
Deribit SKHY_USDC-PERPETUAL0.0000%1h193.12+0.026%$48K$281K10xas long as short
HTX SKHY-USDT0.0000%8h193.02−0.026%$160K$368K50xas long as short
Phemex SKHYUSDT0.0000%8h193.09+0.010%$1.5M$1.1M10xas long as short
QFEX SKHY-USD+0.0004%1h193.03−0.021%$1.2M$4.3M10xas long as short
Lighter SKHY+0.0032%1h193.04−0.016%$1.0M$684K10xas long as short
Lighter RH SKHY+0.0032%1h193.03−0.021%$1.1M$1.5M10xas long as short
Arcus SKHY-USD+0.0040%1h192.96−0.057%$57K$154K10xas long as short
Vest SKHY-USD-PERP+0.0046%1h193.09+0.010%$11K10xas long as short
Popdex SKHYUSDT+0.0048%1h193.13+0.031%$198K$255K20xas long as short
tradeXYZ xyz:SKHY+0.0050%1h193.05−0.010%$162.2M$66.4M10xas long as short
Polymarket Perps SKHY-USD+0.0050%1h193.02−0.026%$189K$456K10xas long as short
SoDEX SKHY-USD+0.0050%1h193.05−0.010%$43K$13K10xas long as short
Ondo Perps SKHY-USD.P+0.0050%1h193.00−0.036%$569K$2.1M10xas long as short
KuCoin SKHYUSDTM+0.0100%8h193.08+0.005%$1.1M$290K20xas long as short
Orderly PERP_SKHY_USDC_mythos+0.0100%8h193.11+0.021%$2K$4K10xas long as short
Nado SKHY-PERP+0.0130%1h193.08+0.004%$38K$26K10xas long as short
Bitget SKHYUSDTlong+0.0202%8h193.07long leg$25.6M$26.4M20x
Phoenix SKHY+0.0331%1h193.18+0.057%$216K$124K10xas long as short
Kraken Futures PF_SKHYUSD+0.0545%1h193.26+0.096%$51K$17K20xas long as short