Funding arb · Price arb /

SKHY

RWAall SKHY markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0042%/8h= +4.6% APRpaid last 24h +0.002%

Price spread now: tradeXYZ against Bybit−0.098%7-day average −0.044% · you buy dearer than you sell

Net, funding: paid 7d − costs−$43as in the Funding arb table

Net, price: spread back to 7d avg − costs−$42as in the Price arb table

costs, in and out, $10k−$360.362% of the position

Long on Bybit Short on tradeXYZ

What this pair did over the last

the charts below follow

Funding, last 7 days−0.067%−$7 on $10k

Price spread, last 7 days+0.030%+$3 · spread now −0.098%, 7d avg −0.044%

Together, before fees−0.037%+ Points / potential airdroptradeXYZ: Active · farm board−$4 on $10k · with fees, hour by hour

Funding pays, the price is against you. tradeXYZ is 0.053% cheaper against Bybit than usual: you would sell low and buy high (spread −0.098% now, against its 7-day average of −0.044%). If the spread goes back, that is −$5 on $10k: about 4.2 days of funding at the current rate (+$1 a day). Mind the row above: over the last 7 days funding on this pair cost −0.067%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit SKHYUSDT	184.60	−0.0156	get 0.0156% / 8h	7h 34m	$16.3M	$32.6M	100x
Short	tradeXYZ xyz:SKHY	184.42	−0.0114	pay 0.0014% / 1h	34m 27s	$156.5M	$77.8M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

tradeXYZ 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 tradeXYZbpOrdersPrice spread, now −0.098%Rate

Funding earned: $8.83
Price spread: −0.098% → −0.044%: −$5.34
Slippage, 4 orders: −$7.16
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee tradeXYZ: 9 bp × 2 orders: −$18
Net: −$32.68
Costs to cover: 0.362%
Break-even: 32.9 days

Slippage from Bybit: live order book, 4 min ago; tradeXYZ: live order book, 4 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, 4 min ago	0.27 bp	7.5 bp −$8	12.6 bp −$126	62.7 bp −$6,274	doesn't fit
Sell tradeXYZ live order book, 4 min ago	0.27 bp	9.7 bp −$10	11.1 bp −$111	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
Bitget SKHYUSDT	−0.1230%	8h	184.69	+0.049%	$25.5M	$34.8M	20x	as long as short
edgeX SKHYUSDC	−0.0952%	4h	184.87	+0.147%	$557K	$290K	10x	as long as short
GRVT SKHY_USDT_Perp	−0.0445%	8h	184.94	+0.186%	$22K	$243K	10x	as long as short
KuCoin SKHYUSDTM	−0.0231%	8h	184.50	−0.054%	$1.1M	$366K	20x	as long as short
Bybit SKHYUSDTlong	−0.0156%	8h	184.60	long leg	$16.3M	$32.6M	100x
tradeXYZ xyz:SKHYshort	−0.0114%	1h	184.42	−0.098%	$156.5M	$77.8M	10x
Nado SKHY-PERP	−0.0073%	1h	184.66	+0.031%	$33K	$28K	10x	as long as short
Ondo Perps SKHY-USD.P	−0.0056%	1h	184.51	−0.049%	$515K	$2.6M	10x	as long as short
Binance SKHYUSDT	−0.0036%	8h	184.68	+0.044%	$197.4M	$462.1M	50x	as long as short
Extended SKHY-USD	−0.0032%	1h	184.46	−0.075%	$54K	$7K	10x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX SKHY-USDT	−0.0031%	8h	184.70	+0.054%	$153K	$370K	50x	as long as short
QFEX SKHY-USD	−0.0028%	1h	184.49	−0.060%	$1.2M	$4.3M	10x	as long as short
Variational Omni SKHY	−0.0004%	8h	184.69	+0.051%	$1.6M	$1.0M	—	as long as short
Aster SKHYUSDT	0.0000%	8h	184.63	+0.014%	$265K	$951K	50x	as long as short
OKX SKHY-USDT-SWAP	0.0000%	8h	184.67	+0.038%	$43.7M	$81.8M	50x	as long as short
Gate SKHY_USDT	0.0000%	8h	184.52	−0.043%	$25.8M	$21.3M	75x	as long as short
SunX SKHY-USDT	0.0000%	8h	184.96	+0.195%	$677	$5.9M	10x	as long as short
Phemex SKHYUSDT	0.0000%	8h	184.76	+0.087%	$1.5M	$1.1M	10x	as long as short
Lighter SKHY	+0.0016%	1h	184.47	−0.070%	$982K	$1.3M	10x	as long as short
Coinbase International SKHY-PERP-INTX	+0.0024%	1h	187.58	+1.614%	$68K	$784K	10x	as long as short
Lighter RH SKHY	+0.0032%	1h	184.39	−0.114%	$1.1M	$1.5M	10x	as long as short
Arcus SKHY-USD	+0.0040%	1h	184.49	−0.060%	$59K	$172K	10x	as long as short
Vest SKHY-USD-PERP	+0.0046%	1h	184.46	−0.076%	—	$34K	10x	as long as short
Popdex SKHYUSDT	+0.0048%	1h	184.53	−0.038%	$201K	$288K	20x	as long as short
Polymarket Perps SKHY-USD	+0.0050%	1h	184.44	−0.087%	$178K	$451K	10x	as long as short
SoDEX SKHY-USD	+0.0050%	1h	184.67	+0.038%	$41K	$12K	10x	as long as short
BloFin SKHY-USDT	+0.0085%	8h	184.67	+0.038%	$2.1M	$438K	50x	as long as short
Orderly PERP_SKHY_USDC_mythos	+0.0100%	8h	184.64	+0.022%	$2K	$4K	10x	as long as short
Kraken Futures PF_SKHYUSD	+0.0171%	1h	184.81	+0.115%	$48K	$20K	20x	as long as short
Phoenix SKHY	+0.0215%	1h	185.14	+0.293%	$207K	$123K	10x	as long as short
Deribit SKHY_USDC-PERPETUAL	+0.0238%	1h	184.65	+0.027%	$47K	$353K	10x	as long as short