Funding arb · Price arb /

SKHY

RWAall SKHY markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0768%/8h= −84.1% APRpaid last 24h −0.027%

Price spread now: edgeX against BloFin−0.030%101s7-day average −0.017% · you buy dearer than you sell

Net, funding: paid 7d − costs+$24as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$250.253% of the position

Long on BloFin Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.490%+$49 on $10k

Price spread, last 3 days (all we have)+0.013%+$1 · spread now −0.030%, 7d avg −0.017%

Together, before fees+0.503%+ Points / potential airdropedgeX: Active · farm board+$50 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.017%, so right now this pair is about funding alone: −$23 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair paid +0.490%, so the current rate has only just turned against you. The two prices were read 101 seconds apart, so part of this spread may be the market moving, not a spread.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.490% in total (about 25.5% 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	BloFin SKHY-USDT	189.67	0.0120	pay 0.0120% / 8h	15m 29s	$2.2M	$415K	50x
Short	edgeX SKHYUSDC	189.61	−0.0648	pay 0.0324% / 4h	15m 29s	$572K	$291K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX against BloFin. 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 BloFinbpFee edgeXbpOrdersPrice spread, now −0.030%Rate

Funding earned: −$161.22
Price spread: −0.030% → −0.017%: −$1.34
Slippage, 4 orders: −$4.33
Fee BloFin: 6 bp × 2 orders: −$12
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$187.88
Costs to cover: 0.253%
Break-even: never at this rate

Slippage from BloFin: live order book, 2 min ago; edgeX: live order book, 63 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 BloFin live order book, 2 min ago	0.26 bp	7.3 bp −$7	8.0 bp −$80	15.1 bp −$1,505	doesn't fit
Sell edgeX live order book, 63 min ago	1.06 bp	5.9 bp −$6	11.6 bp −$116	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 SKHYUSDCshort	−0.0648%	4h	189.61	−0.030%	$572K	$291K	10x
Nado SKHY-PERP	−0.0043%	1h	189.63	−0.024%	$28K	$2K	10x	as long as short
QFEX SKHY-USD	0.0000%	1h	189.58	−0.047%	$1.2M	$5.3M	10x	as long as short
Aster SKHYUSDT	0.0000%	8h	189.63	−0.023%	$252K	$903K	50x	as long as short
Extended SKHY-USD	0.0000%	1h	189.56	−0.058%	$55K	$4K	10x	as long as short
Binance SKHYUSDT	0.0000%	8h	189.57	−0.052%	$212.0M	$377.8M	50x	as long as short
Bybit SKHYUSDT	0.0000%	8h	189.63	−0.021%	$15.7M	$27.0M	100x	as long as short
OKX SKHY-USDT-SWAP	0.0000%	8h	189.61	−0.032%	$47.1M	$61.2M	50x	as long as short
Gate SKHY_USDT	0.0000%	8h	189.58	−0.047%	$26.1M	$17.8M	75x	as long as short
Bitget SKHYUSDT	0.0000%	8h	189.63	−0.021%	$25.4M	$25.7M	20x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni SKHY	0.0000%	8h	189.62	−0.028%	$1.6M	$2.5M	—	as long as short
GRVT SKHY_USDT_Perp	0.0000%	8h	189.64	−0.015%	$22K	$208K	10x	as long as short
SunX SKHY-USDT	0.0000%	8h	189.90	+0.121%	$695	$7.2M	10x	as long as short
Deribit SKHY_USDC-PERPETUAL	0.0000%	1h	189.63	−0.021%	$46K	$258K	10x	as long as short
HTX SKHY-USDT	0.0000%	8h	189.64	−0.016%	$155K	$401K	50x	as long as short
Phemex SKHYUSDT	0.0000%	8h	189.61	−0.032%	$1.5M	$1.1M	10x	as long as short
KuCoin SKHYUSDTM	+0.0012%	8h	189.53	−0.074%	$1.1M	$282K	20x	as long as short
Lighter SKHY	+0.0032%	1h	189.54	−0.069%	$1.0M	$689K	10x	as long as short
Lighter RH SKHY	+0.0032%	1h	189.53	−0.074%	$1.1M	$1.4M	10x	as long as short
Arcus SKHY-USD	+0.0040%	1h	189.61	−0.032%	$56K	$155K	10x	as long as short
Vest SKHY-USD-PERP	+0.0046%	1h	189.59	−0.042%	—	$12K	10x	as long as short
Popdex SKHYUSDT	+0.0048%	1h	189.57	−0.053%	$202K	$241K	20x	as long as short
tradeXYZ xyz:SKHY	+0.0050%	1h	189.59	−0.042%	$164.5M	$65.2M	10x	as long as short
Polymarket Perps SKHY-USD	+0.0050%	1h	189.55	−0.063%	$170K	$952K	10x	as long as short
SoDEX SKHY-USD	+0.0050%	1h	189.59	−0.042%	$42K	$13K	10x	as long as short
Ondo Perps SKHY-USD.P	+0.0050%	1h	189.65	−0.011%	$558K	$1.2M	10x	as long as short
Orderly PERP_SKHY_USDC_mythos	+0.0100%	8h	189.61	−0.032%	$2K	$4K	10x	as long as short
BloFin SKHY-USDTlong	+0.0120%	8h	189.67	long leg	$2.2M	$415K	50x
Coinbase International SKHY-PERP-INTX	+0.0128%	1h	189.72	+0.026%	$169K	$687K	10x	as long as short
Phoenix SKHY	+0.0380%	1h	189.87	+0.105%	$214K	$128K	10x	as long as short
Kraken Futures PF_SKHYUSD	+0.0951%	1h	189.67	−0.001%	$50K	$24K	20x	as long as short