Funding arb · Price arb /

SKHY

RWAall SKHY markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0577%/8h= +63.2% APRpaid last 24h +0.003%

Price spread now: tradeXYZ against Bitget+0.047%7-day average −0.044% · you sell dearer than you buy

Net, funding: paid 7d − costs−$45as in the Funding arb table

Net, price: spread back to 7d avg − costs−$27as in the Price arb table

costs, in and out, $10k−$360.360% of the position

Long on Bitget Short on tradeXYZ

What this pair did over the last

the charts below follow

Funding, last 7 days−0.087%−$9 on $10k

Price spread, last 7 days−0.066%−$7 · spread now +0.047%, 7d avg −0.044%

Together, before fees−0.153%+ Points / potential airdroptradeXYZ: Active · farm board−$15 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$17 a day on $10k at the current rate, and tradeXYZ is 0.090% dearer against Bitget than usual: you sell high and buy low: +$9 more if the spread goes back to its 7-day average of −0.044%. Mind the row above: over the last 7 days funding on this pair cost −0.087%, so the current rate has only just turned in your favour.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.087% in total (about -4.5% 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	193.31	0	get 0.0000% / 8h	7h 47m	$25.8M	$26.5M	20x
Short	tradeXYZ xyz:SKHY	193.40	0.0577	get 0.0072% / 1h	47m 32s	$167.1M	$65.0M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

tradeXYZ 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 tradeXYZbpOrdersPrice spread, now +0.047%Rate

Funding earned: $121.27
Price spread: +0.047% → −0.044%: $9.03
Slippage, 4 orders: −$6.02
Fee Bitget: 6 bp × 2 orders: −$12
Fee tradeXYZ: 9 bp × 2 orders: −$18
Net: $94.28
Costs to cover: 0.360%
Break-even: 1.6 days

Slippage from Bitget: live order book, 1 min ago; tradeXYZ: live order book, 12 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 Bitget live order book, 1 min ago	0.78 bp	8.3 bp −$8	18.0 bp −$180	24.9 bp −$2,495	doesn't fit
Sell tradeXYZ live order book, 12 min ago	0.26 bp	9.7 bp −$10	10.2 bp −$102	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
edgeX SKHYUSDC	−0.0833%	4h	192.72	−0.304%	$581K	$290K	10x	as long as short
Nado SKHY-PERP	−0.0076%	1h	193.45	+0.071%	$29K	$2K	10x	as long as short
Aster SKHYUSDT	0.0000%	8h	193.07	−0.126%	$256K	$906K	50x	as long as short
Extended SKHY-USD	0.0000%	1h	193.41	+0.054%	$56K	$6K	10x	as long as short
Binance SKHYUSDT	0.0000%	8h	193.42	+0.057%	$214.4M	$384.4M	50x	as long as short
Bybit SKHYUSDT	0.0000%	8h	193.49	+0.093%	$15.9M	$27.4M	100x	as long as short
OKX SKHY-USDT-SWAP	0.0000%	8h	193.52	+0.109%	$47.5M	$66.4M	50x	as long as short
Gate SKHY_USDT	0.0000%	8h	193.43	+0.062%	$26.4M	$17.5M	75x	as long as short
Bitget SKHYUSDTlong	0.0000%	8h	193.31	long leg	$25.8M	$26.5M	20x
Variational Omni SKHY	0.0000%	8h	192.48	−0.432%	$1.6M	$2.4M	—	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX SKHY-USDT	0.0000%	8h	193.69	+0.197%	$709	$7.0M	10x	as long as short
HTX SKHY-USDT	0.0000%	8h	193.33	+0.010%	$159K	$396K	50x	as long as short
Phemex SKHYUSDT	0.0000%	8h	193.11	−0.103%	$1.5M	$1.1M	10x	as long as short
QFEX SKHY-USD	+0.0005%	1h	193.36	+0.026%	$1.2M	$5.3M	10x	as long as short
Lighter SKHY	+0.0032%	1h	193.34	+0.016%	$1.0M	$620K	10x	as long as short
Lighter RH SKHY	+0.0032%	1h	193.33	+0.010%	$1.1M	$1.5M	10x	as long as short
Arcus SKHY-USD	+0.0040%	1h	192.79	−0.269%	$57K	$155K	10x	as long as short
KuCoin SKHYUSDTM	+0.0043%	8h	193.23	−0.041%	$1.1M	$276K	20x	as long as short
Vest SKHY-USD-PERP	+0.0046%	1h	193.37	+0.031%	—	$13K	10x	as long as short
Popdex SKHYUSDT	+0.0048%	1h	193.41	+0.052%	$198K	$256K	20x	as long as short
Ondo Perps SKHY-USD.P	+0.0050%	1h	193.42	+0.057%	$536K	$1.5M	10x	as long as short
Coinbase International SKHY-PERP-INTX	+0.0088%	1h	190.51	−1.448%	$171K	$682K	10x	as long as short
Orderly PERP_SKHY_USDC_mythos	+0.0100%	8h	193.25	−0.031%	$2K	$4K	10x	as long as short
BloFin SKHY-USDT	+0.0120%	8h	192.83	−0.248%	$2.2M	$428K	50x	as long as short
Deribit SKHY_USDC-PERPETUAL	+0.0267%	1h	193.45	+0.072%	$46K	$259K	10x	as long as short
GRVT SKHY_USDT_Perp	+0.0282%	8h	192.80	−0.265%	$23K	$202K	10x	as long as short
Phoenix SKHY	+0.0335%	1h	192.35	−0.497%	$217K	$120K	10x	as long as short
Polymarket Perps SKHY-USD	+0.0453%	1h	193.36	+0.026%	$196K	$412K	10x	as long as short
tradeXYZ xyz:SKHYshort	+0.0577%	1h	193.40	+0.047%	$167.1M	$65.0M	10x
Kraken Futures PF_SKHYUSD	+0.0707%	1h	193.43	+0.060%	$51K	$25K	20x	as long as short
SoDEX SKHY-USD	+0.1069%	1h	193.01	−0.155%	$43K	$13K	10x	as long as short