Funding arb · Price arb /

SKHY

RWAall SKHY markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0061%/8h= −6.6% APRpaid last 24h +0.014%

Price spread now: Ondo Perps against Bitget−0.021%7-day average −0.029% · you buy dearer than you sell

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

Long on Bitget Short on Ondo Perps

What this pair did over the last

the charts below follow

Funding, last 7 days+0.047%+$5 on $10k

Price spread, last 4 days (all we have)−0.057%−$6 · spread now −0.021%, 7d avg −0.029%

Together, before fees−0.010%+ Points / potential airdropOndo Perps: Active · farm board−$1 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.029%, so right now this pair is about funding alone: −$2 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget SKHYUSDT	192.58	0.0111	pay 0.0111% / 8h	7h 30m	$25.6M	$26.5M	20x
Short	Ondo Perps SKHY-USD.P	192.54	0.0050	get 0.0006% / 1h	30m 46s	$552K	$1.7M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Ondo Perps 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 Ondo PerpsbpOrdersPrice spread, now −0.021%Rate

Funding earned: −$12.73
Price spread: −0.021% → −0.029%: $0.85
Slippage, 4 orders: no order book: not counted
Fee Bitget: 6 bp × 2 orders: −$12
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Net: −$28.87
Costs to cover: 0.170%
Break-even: never at this rate

Slippage unknown: Bitget: live order book, 3 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 Bitget live order book, 3 min ago	0.78 bp	8.4 bp −$8	16.7 bp −$167	27.0 bp −$2,700	46.2 bp −$23.1K
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	−0.0222%	4h	192.55	−0.018%	$580K	$290K	10x	as long as short
Nado SKHY-PERP	−0.0011%	1h	192.54	−0.021%	$29K	$2K	10x	as long as short
Aster SKHYUSDT	0.0000%	8h	192.36	−0.114%	$247K	$921K	50x	as long as short
Extended SKHY-USD	0.0000%	1h	192.51	−0.035%	$56K	$6K	10x	as long as short
Binance SKHYUSDT	0.0000%	8h	192.60	+0.011%	$212.4M	$381.5M	50x	as long as short
Bybit SKHYUSDT	0.0000%	8h	192.62	+0.021%	$15.7M	$27.1M	100x	as long as short
OKX SKHY-USDT-SWAP	0.0000%	8h	192.65	+0.036%	$47.0M	$67.1M	50x	as long as short
Gate SKHY_USDT	0.0000%	8h	192.54	−0.021%	$25.9M	$18.2M	75x	as long as short
Variational Omni SKHY	0.0000%	8h	192.49	−0.049%	$1.6M	$2.3M	—	as long as short
SunX SKHY-USDT	0.0000%	8h	192.74	+0.083%	$705	$6.8M	10x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX SKHY-USDT	0.0000%	8h	192.42	−0.083%	$160K	$386K	50x	as long as short
Phemex SKHYUSDT	0.0000%	8h	192.46	−0.062%	$1.5M	$1.1M	10x	as long as short
QFEX SKHY-USD	+0.0005%	1h	192.44	−0.073%	$1.2M	$5.0M	10x	as long as short
Deribit SKHY_USDC-PERPETUAL	+0.0010%	1h	192.47	−0.057%	$47K	$266K	10x	as long as short
Lighter SKHY	+0.0032%	1h	192.53	−0.026%	$1.0M	$666K	10x	as long as short
Lighter RH SKHY	+0.0032%	1h	192.50	−0.042%	$1.1M	$1.5M	10x	as long as short
Arcus SKHY-USD	+0.0040%	1h	192.52	−0.031%	$57K	$154K	10x	as long as short
Vest SKHY-USD-PERP	+0.0046%	1h	192.49	−0.047%	—	$12K	10x	as long as short
Popdex SKHYUSDT	+0.0048%	1h	192.54	−0.021%	$197K	$257K	20x	as long as short
Polymarket Perps SKHY-USD	+0.0050%	1h	192.41	−0.088%	$190K	$454K	10x	as long as short
Ondo Perps SKHY-USD.Pshort	+0.0050%	1h	192.54	−0.021%	$552K	$1.7M	10x
Coinbase International SKHY-PERP-INTX	+0.0088%	1h	192.17	−0.213%	$117K	$803K	10x	as long as short
KuCoin SKHYUSDTM	+0.0092%	8h	192.52	−0.031%	$1.1M	$276K	20x	as long as short
Orderly PERP_SKHY_USDC_mythos	+0.0100%	8h	192.43	−0.078%	$2K	$4K	10x	as long as short
Bitget SKHYUSDTlong	+0.0111%	8h	192.58	long leg	$25.6M	$26.5M	20x
SoDEX SKHY-USD	+0.0111%	1h	192.42	−0.083%	$43K	$13K	10x	as long as short
tradeXYZ xyz:SKHY	+0.0120%	1h	192.53	−0.026%	$165.5M	$63.7M	10x	as long as short
BloFin SKHY-USDT	+0.0120%	8h	192.52	−0.031%	$2.2M	$425K	50x	as long as short
Phoenix SKHY	+0.0335%	1h	192.45	−0.068%	$217K	$120K	10x	as long as short
GRVT SKHY_USDT_Perp	+0.0423%	8h	192.41	−0.088%	$22K	$197K	10x	as long as short
Kraken Futures PF_SKHYUSD	+0.0711%	1h	192.60	+0.009%	$51K	$25K	20x	as long as short