Funding arb · Price arb /

SKHY

RWAall SKHY markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Aster against Bybit−0.022%7-day average +0.005% · you buy dearer than you sell

Net, funding: paid 7d − costs−$33as in the Funding arb table

Net, price: spread back to 7d avg − costs−$32as in the Price arb table

costs, in and out, $10k−$290.289% of the position

Long on Bybit Short on Aster

What this pair did over the last

the charts below follow

Funding, last 7 days−0.040%−$4 on $10k

Price spread, last 4 days (all we have)−0.017%−$2 · spread now −0.022%, 7d avg +0.005%

Together, before fees−0.057%+ Points / potential airdropAster: Stage 5 · farm board−$6 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Aster is 0.027% cheaper against Bybit than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of +0.005%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit SKHYUSDT	193.40	0	get 0.0000% / 8h	4h 21m	$15.8M	$27.6M	100x
Short	Aster SKHYUSDT	193.36	0	get 0.0000% / 8h	4h 21m	$249K	$889K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Bybit. 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 BybitbpFee AsterbpOrdersPrice spread, now −0.022%Rate

Funding earned: $0
Price spread: −0.022% → +0.005%: −$2.74
Slippage, 4 orders: −$9.89
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Aster: 4 bp × 2 orders: −$8
Net: −$31.63
Costs to cover: 0.289%
Break-even: never at this rate

Slippage from Bybit: live order book, 2 min ago; Aster: live order book, 36 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 Bybit live order book, 2 min ago	0.26 bp	6.7 bp −$7	11.3 bp −$113	72.3 bp −$7,230	doesn't fit
Sell Aster live order book, 36 min ago	0.52 bp	6.3 bp −$6	41.9 bp −$419	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	−0.0332%	4h	193.24	−0.080%	$583K	$290K	10x	as long as short
Coinbase International SKHY-PERP-INTX	−0.0048%	1h	192.84	−0.290%	$45K	$861K	10x	as long as short
Aster SKHYUSDTshort	0.0000%	8h	193.36	−0.022%	$249K	$889K	50x
Extended SKHY-USD	0.0000%	1h	193.37	−0.016%	$56K	$7K	10x	as long as short
Binance SKHYUSDT	0.0000%	8h	193.43	+0.016%	$204.7M	$393.3M	50x	as long as short
Bybit SKHYUSDTlong	0.0000%	8h	193.40	long leg	$15.8M	$27.6M	100x
OKX SKHY-USDT-SWAP	0.0000%	8h	193.41	+0.005%	$46.9M	$70.2M	50x	as long as short
Gate SKHY_USDT	0.0000%	8h	193.37	−0.016%	$25.9M	$18.9M	75x	as long as short
Variational Omni SKHY	0.0000%	8h	193.10	−0.155%	$1.6M	$1.1M	—	as long as short
GRVT SKHY_USDT_Perp	0.0000%	8h	193.30	−0.051%	$22K	$203K	10x	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	193.68	+0.145%	$709	$6.2M	10x	as long as short
HTX SKHY-USDT	0.0000%	8h	193.26	−0.072%	$161K	$370K	50x	as long as short
Phemex SKHYUSDT	0.0000%	8h	193.41	+0.005%	$1.5M	$1.1M	10x	as long as short
QFEX SKHY-USD	+0.0015%	1h	193.38	−0.010%	$1.2M	$4.0M	10x	as long as short
Lighter SKHY	+0.0032%	1h	193.28	−0.062%	$1.0M	$688K	10x	as long as short
Lighter RH SKHY	+0.0032%	1h	193.26	−0.072%	$1.1M	$1.6M	10x	as long as short
Arcus SKHY-USD	+0.0040%	1h	193.23	−0.088%	$60K	$161K	10x	as long as short
Vest SKHY-USD-PERP	+0.0046%	1h	193.33	−0.036%	—	$12K	10x	as long as short
Popdex SKHYUSDT	+0.0048%	1h	193.42	+0.010%	$202K	$256K	20x	as long as short
tradeXYZ xyz:SKHY	+0.0050%	1h	193.29	−0.057%	$161.7M	$67.8M	10x	as long as short
Polymarket Perps SKHY-USD	+0.0050%	1h	193.32	−0.041%	$189K	$456K	10x	as long as short
SoDEX SKHY-USD	+0.0050%	1h	193.34	−0.031%	$43K	$13K	10x	as long as short
Ondo Perps SKHY-USD.P	+0.0050%	1h	193.26	−0.072%	$599K	$2.4M	10x	as long as short
KuCoin SKHYUSDTM	+0.0100%	8h	193.35	−0.026%	$1.1M	$311K	20x	as long as short
Orderly PERP_SKHY_USDC_mythos	+0.0100%	8h	193.36	−0.021%	$2K	$4K	10x	as long as short
BloFin SKHY-USDT	+0.0120%	8h	193.28	−0.062%	$2.2M	$438K	50x	as long as short
Nado SKHY-PERP	+0.0147%	1h	193.33	−0.039%	$38K	$26K	10x	as long as short
Bitget SKHYUSDT	+0.0160%	8h	193.40	0.000%	$25.3M	$26.9M	20x	as long as short
Deribit SKHY_USDC-PERPETUAL	+0.0216%	1h	193.36	−0.021%	$49K	$320K	10x	as long as short
Phoenix SKHY	+0.0372%	1h	193.52	+0.062%	$217K	$124K	10x	as long as short
Kraken Futures PF_SKHYUSD	+0.1056%	1h	193.44	+0.020%	$49K	$19K	20x	as long as short