Funding arb · Price arb /

SKHY

RWAall SKHY markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC+0.0040%/8h= +4.4% APRpaid last 24h +0.001%

Price spread now: Binance against Coinbase International+0.187%7-day average −0.136% · you sell dearer than you buy

Net, funding: paid 7d − costs−$34as in the Funding arb table

Net, price: spread back to 7d avg − costs−$11as in the Price arb table

costs, in and out, $10k−$430.431% of the position

Long on Coinbase International Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days+0.095%+$9 on $10k

Price spread, last 4 days (all we have)−0.214%−$21 · spread now +0.187%, 7d avg −0.136%

Together, before fees−0.119%−$12 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Binance is 0.324% dearer against Coinbase International than usual: you sell high and buy low: +$32 more if the spread goes back to its 7-day average of −0.136%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International SKHY-PERP-INTX	187.65	−0.0040	get 0.0005% / 1h	8m 02s	$110K	$744K	10x
Short	Binance SKHYUSDT	188.00	0	get 0.0000% / 8h	5h 08m	$197.9M	$472.7M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Coinbase International. 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 Coinbase InternationalbpFee BinancebpOrdersPrice spread, now +0.187%Rate

Funding earned: $8.4
Price spread: +0.187% → −0.136%: $32.38
Slippage, 4 orders: −$23.09
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Binance: 5 bp × 2 orders: −$10
Net: −$2.32
Costs to cover: 0.431%
Break-even: 8.9 days

Slippage from Coinbase International: live order book, 38 min ago; Binance: live order book, 14 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 Coinbase International live order book, 38 min ago	10.65 bp	15.7 bp −$16	17.7 bp −$177	doesn't fit	doesn't fit
Sell Binance live order book, 14 min ago	0.27 bp	5.3 bp −$5	7.4 bp −$74	22.1 bp −$2,214	81.0 bp −$40.5K

SKHY on 31 exchanges

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	−0.0820%	4h	187.84	+0.104%	$566K	$285K	10x	as long as short
Deribit SKHY_USDC-PERPETUAL	−0.0441%	1h	187.96	+0.165%	$49K	$493K	10x	as long as short
Bitget SKHYUSDT	−0.0343%	8h	188.11	+0.245%	$26.2M	$36.6M	20x	as long as short
Kraken Futures PF_SKHYUSD	−0.0267%	1h	187.69	+0.023%	$51K	$36K	20x	as long as short
KuCoin SKHYUSDTM	−0.0179%	8h	187.92	+0.144%	$1.1M	$503K	20x	as long as short
Nado SKHY-PERP	−0.0090%	1h	188.16	+0.270%	$33K	$28K	10x	as long as short
Coinbase International SKHY-PERP-INTXlong	−0.0040%	1h	187.65	long leg	$110K	$744K	10x
tradeXYZ xyz:SKHY	−0.0039%	1h	187.97	+0.171%	$158.7M	$77.4M	10x	as long as short
QFEX SKHY-USD	−0.0013%	1h	188.00	+0.187%	$1.2M	$4.2M	10x	as long as short
Aster SKHYUSDT	0.0000%	8h	187.99	+0.182%	$261K	$916K	50x	as long as short

Show all 31 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended SKHY-USD	0.0000%	1h	187.94	+0.156%	$55K	$7K	10x	as long as short
Binance SKHYUSDTshort	0.0000%	8h	188.00	+0.187%	$197.9M	$472.7M	50x
Bybit SKHYUSDT	0.0000%	8h	188.00	+0.187%	$16.4M	$34.0M	100x	as long as short
OKX SKHY-USDT-SWAP	0.0000%	8h	187.96	+0.165%	$44.6M	$85.7M	50x	as long as short
Gate SKHY_USDT	0.0000%	8h	187.95	+0.160%	$25.4M	$22.0M	75x	as long as short
Variational Omni SKHY	0.0000%	8h	187.83	+0.094%	$1.5M	$1.0M	—	as long as short
GRVT SKHY_USDT_Perp	0.0000%	8h	187.88	+0.123%	$22K	$254K	10x	as long as short
SunX SKHY-USDT	0.0000%	8h	188.32	+0.357%	$689	$5.4M	10x	as long as short
HTX SKHY-USDT	0.0000%	8h	187.94	+0.155%	$154K	$380K	50x	as long as short
Phemex SKHYUSDT	0.0000%	8h	187.98	+0.176%	$1.5M	$1.1M	10x	as long as short
Lighter SKHY	+0.0016%	1h	187.95	+0.160%	$985K	$1.4M	10x	as long as short
Lighter RH SKHY	+0.0032%	1h	187.94	+0.155%	$1.1M	$1.5M	10x	as long as short
Arcus SKHY-USD	+0.0040%	1h	187.98	+0.176%	$60K	$131K	10x	as long as short
Vest SKHY-USD-PERP	+0.0046%	1h	188.07	+0.224%	—	$39K	10x	as long as short
Popdex SKHYUSDT	+0.0048%	1h	188.02	+0.197%	$201K	$310K	20x	as long as short
Polymarket Perps SKHY-USD	+0.0050%	1h	187.97	+0.171%	$182K	$352K	10x	as long as short
SoDEX SKHY-USD	+0.0050%	1h	187.97	+0.171%	$42K	$12K	10x	as long as short
Ondo Perps SKHY-USD.P	+0.0050%	1h	187.95	+0.160%	$523K	$2.5M	10x	as long as short
Orderly PERP_SKHY_USDC_mythos	+0.0100%	8h	188.02	+0.197%	$2K	$4K	10x	as long as short
BloFin SKHY-USDT	+0.0120%	8h	188.00	+0.187%	$2.2M	$487K	50x	as long as short
Phoenix SKHY	+0.0255%	1h	188.11	+0.245%	$211K	$123K	10x	as long as short