Funding arb · Price arb /

SKHY

RWAall SKHY markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0050%/8h= +5.5% APRpaid last 24h +0.015%

Price spread now: SoDEX against Bybit−0.100%56s7-day average — · you buy dearer than you sell

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

Long on Bybit Short on SoDEX

What this pair did over the last

the charts below follow

Funding, last 3 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 0.100% cheaper against Bybit than usual: you would sell low and buy high (spread −0.100% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$10 on $10k: about 6.7 days of funding at the current rate (+$2 a day). The two prices were read 56 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit SKHYUSDT	189.38	0	get 0.0000% / 8h	3h 17m	$15.4M	$28.8M	100x
Short	SoDEX SKHY-USD	189.19	0.0050	get 0.0006% / 1h	17m 27s	$42K	$13K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SoDEX 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 SoDEXbpOrdersPrice spread, now −0.100%Rate

Funding earned: $10.5
Price spread: −0.100% → 0.000%: −$10.03
Slippage, 4 orders: no order book: not counted
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee SoDEX: 4 bp × 2 orders: −$8
Net: −$18.53
Costs to cover: 0.190%
Break-even: 19.4 days

Slippage unknown: Bybit: live order book, 1 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 Bybit live order book, 1 min ago	0.53 bp	7.3 bp −$7	13.9 bp −$139	79.0 bp −$7,901	doesn't fit
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
edgeX SKHYUSDC	−0.0627%	4h	189.69	+0.165%	$572K	$291K	10x	as long as short
Coinbase International SKHY-PERP-INTX	−0.0104%	1h	189.86	+0.253%	$36K	$876K	10x	as long as short
Deribit SKHY_USDC-PERPETUAL	−0.0067%	1h	189.19	−0.100%	$48K	$328K	10x	as long as short
Bitget SKHYUSDT	−0.0044%	8h	189.42	+0.021%	$24.2M	$29.1M	20x	as long as short
tradeXYZ xyz:SKHY	−0.0020%	1h	189.30	−0.042%	$158.6M	$69.7M	10x	as long as short
Aster SKHYUSDT	0.0000%	8h	189.39	+0.006%	$245K	$894K	50x	as long as short
Extended SKHY-USD	0.0000%	1h	189.24	−0.072%	$55K	$7K	10x	as long as short
Binance SKHYUSDT	0.0000%	8h	189.37	−0.005%	$199.7M	$409.3M	50x	as long as short
Bybit SKHYUSDTlong	0.0000%	8h	189.38	long leg	$15.4M	$28.8M	100x
OKX SKHY-USDT-SWAP	0.0000%	8h	189.41	+0.016%	$44.9M	$73.4M	50x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate SKHY_USDT	0.0000%	8h	189.32	−0.032%	$25.3M	$19.8M	75x	as long as short
Variational Omni SKHY	0.0000%	8h	189.71	+0.175%	$1.6M	$1.1M	—	as long as short
GRVT SKHY_USDT_Perp	0.0000%	8h	189.69	+0.162%	$22K	$216K	10x	as long as short
SunX SKHY-USDT	0.0000%	8h	189.48	+0.053%	$694	$6.2M	10x	as long as short
HTX SKHY-USDT	0.0000%	8h	189.20	−0.095%	$158K	$368K	50x	as long as short
Phemex SKHYUSDT	0.0000%	8h	189.23	−0.079%	$1.5M	$1.1M	10x	as long as short
QFEX SKHY-USD	+0.0011%	1h	189.32	−0.032%	$1.2M	$4.1M	10x	as long as short
Lighter SKHY	+0.0024%	1h	189.21	−0.090%	$997K	$730K	10x	as long as short
Nado SKHY-PERP	+0.0029%	1h	189.40	+0.009%	$34K	$28K	10x	as long as short
Lighter RH SKHY	+0.0032%	1h	189.25	−0.069%	$1.0M	$1.5M	10x	as long as short
Arcus SKHY-USD	+0.0040%	1h	189.39	+0.005%	$58K	$164K	10x	as long as short
Vest SKHY-USD-PERP	+0.0046%	1h	189.36	−0.011%	—	$12K	10x	as long as short
Popdex SKHYUSDT	+0.0048%	1h	189.35	−0.016%	$200K	$258K	20x	as long as short
Polymarket Perps SKHY-USD	+0.0050%	1h	189.25	−0.069%	$183K	$470K	10x	as long as short
SoDEX SKHY-USDshort	+0.0050%	1h	189.19	−0.100%	$42K	$13K	10x
Ondo Perps SKHY-USD.P	+0.0050%	1h	189.47	+0.048%	$528K	$2.6M	10x	as long as short
KuCoin SKHYUSDTM	+0.0100%	8h	189.39	+0.005%	$1.1M	$315K	20x	as long as short
Orderly PERP_SKHY_USDC_mythos	+0.0100%	8h	189.36	−0.011%	$2K	$4K	10x	as long as short
BloFin SKHY-USDT	+0.0120%	8h	189.45	+0.037%	$2.2M	$436K	50x	as long as short
Phoenix SKHY	+0.0375%	1h	189.58	+0.106%	$212K	$124K	10x	as long as short
Kraken Futures PF_SKHYUSD	+0.0692%	1h	189.22	−0.083%	$48K	$19K	20x	as long as short