Funding arb · Price arb /

SKHY

RWAall SKHY markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.1194%/8h= +130.7% APRpaid last 24h +0.140%

Price spread now: SoDEX against Bitget−0.081%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 SoDEX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

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

Together, before fees—needs both histories

Funding pays, the price is against you. SoDEX is 0.081% cheaper against Bitget than usual: you would sell low and buy high (spread −0.081% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$8 on $10k: about 5 hours of funding at the current rate (+$36 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget SKHYUSDT	185.02	−0.1144	get 0.1144% / 8h	7h 19m	$25.4M	$35.2M	20x
Short	SoDEX SKHY-USD	184.87	0.0050	get 0.0006% / 1h	19m 13s	$41K	$12K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SoDEX 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 SoDEXbpOrdersPrice spread, now −0.081%Rate

Funding earned: $250.74
Price spread: −0.081% → 0.000%: −$8.11
Slippage, 4 orders: no order book: not counted
Fee Bitget: 6 bp × 2 orders: −$12
Fee SoDEX: 4 bp × 2 orders: −$8
Net: $222.63
Costs to cover: 0.200%
Break-even: 0.8 days

Slippage unknown: Bitget: live order book, 10 min ago; SoDEX: 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, 10 min ago	0.54 bp	8.4 bp −$8	14.1 bp −$141	19.3 bp −$1,934	40.4 bp −$20.2K
Sell SoDEX no order-book sample	—	—	—	—	—

SoDEX: 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
Bitget SKHYUSDTlong	−0.1144%	8h	185.02	long leg	$25.4M	$35.2M	20x
edgeX SKHYUSDC	−0.0642%	4h	184.75	−0.148%	$557K	$290K	10x	as long as short
KuCoin SKHYUSDTM	−0.0243%	8h	184.81	−0.114%	$1.1M	$377K	20x	as long as short
tradeXYZ xyz:SKHY	−0.0051%	1h	184.91	−0.059%	$156.7M	$78.0M	10x	as long as short
GRVT SKHY_USDT_Perp	−0.0050%	8h	184.75	−0.147%	$22K	$246K	10x	as long as short
Binance SKHYUSDT	−0.0041%	8h	184.88	−0.076%	$196.0M	$465.1M	50x	as long as short
Extended SKHY-USD	−0.0040%	1h	184.91	−0.058%	$54K	$7K	10x	as long as short
Nado SKHY-PERP	−0.0030%	1h	184.95	−0.036%	$32K	$28K	10x	as long as short
QFEX SKHY-USD	−0.0028%	1h	184.96	−0.032%	$1.2M	$4.3M	10x	as long as short
Variational Omni SKHY	−0.0022%	8h	184.84	−0.098%	$1.6M	$1.0M	—	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster SKHYUSDT	0.0000%	8h	184.69	−0.177%	$265K	$951K	50x	as long as short
Bybit SKHYUSDT	0.0000%	8h	184.94	−0.043%	$16.0M	$33.3M	100x	as long as short
OKX SKHY-USDT-SWAP	0.0000%	8h	184.87	−0.081%	$43.8M	$81.8M	50x	as long as short
Gate SKHY_USDT	0.0000%	8h	184.90	−0.065%	$25.5M	$21.8M	75x	as long as short
SunX SKHY-USDT	0.0000%	8h	185.22	+0.108%	$678	$5.8M	10x	as long as short
HTX SKHY-USDT	0.0000%	8h	184.88	−0.076%	$153K	$376K	50x	as long as short
Phemex SKHYUSDT	0.0000%	8h	184.90	−0.065%	$1.5M	$1.1M	10x	as long as short
Coinbase International SKHY-PERP-INTX	+0.0024%	1h	183.79	−0.665%	$66K	$750K	10x	as long as short
Lighter SKHY	+0.0032%	1h	184.88	−0.076%	$983K	$1.3M	10x	as long as short
Lighter RH SKHY	+0.0032%	1h	184.84	−0.097%	$1.1M	$1.5M	10x	as long as short
Arcus SKHY-USD	+0.0040%	1h	184.88	−0.076%	$59K	$173K	10x	as long as short
Ondo Perps SKHY-USD.P	+0.0046%	1h	184.88	−0.076%	$510K	$2.6M	10x	as long as short
Vest SKHY-USD-PERP	+0.0046%	1h	184.88	−0.076%	—	$39K	10x	as long as short
Popdex SKHYUSDT	+0.0048%	1h	184.98	−0.022%	$199K	$295K	20x	as long as short
Polymarket Perps SKHY-USD	+0.0050%	1h	185.01	−0.005%	$179K	$451K	10x	as long as short
SoDEX SKHY-USDshort	+0.0050%	1h	184.87	−0.081%	$41K	$12K	10x
Deribit SKHY_USDC-PERPETUAL	+0.0074%	1h	184.97	−0.027%	$47K	$354K	10x	as long as short
BloFin SKHY-USDT	+0.0079%	8h	184.97	−0.027%	$2.1M	$447K	50x	as long as short
Orderly PERP_SKHY_USDC_mythos	+0.0100%	8h	184.87	−0.081%	$2K	$4K	10x	as long as short
Kraken Futures PF_SKHYUSD	+0.0171%	1h	185.04	+0.012%	$48K	$20K	20x	as long as short
Phoenix SKHY	+0.0215%	1h	184.57	−0.243%	$207K	$123K	10x	as long as short