Funding arb · Price arb /

SKHY

RWAall SKHY markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0230%/8h= −25.2% APRpaid last 24h −0.118%

Price spread now: edgeX against Coinbase International+0.039%77s7-day average −0.120% · you sell dearer than you buy

Net, funding: paid 7d − costs+$36as 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−$320.317% of the position

Long on Coinbase International Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.677%+$68 on $10k

Price spread, last 4 days (all we have)−0.149%−$15 · spread now +0.039%, 7d avg −0.120%

Together, before fees+0.528%+ Points / potential airdropedgeX: Active · farm board+$53 on $10k · with fees, hour by hour

The price spread pays, funding is against you. edgeX is 0.158% dearer against Coinbase International than usual: you sell high and buy low (spread +0.039% now, against its 7-day average of −0.120%): +$16 on $10k if it goes back. Holding the pair costs −$7 a day in funding at the current rate, which eats that in about 2.3 days. Mind the row above: over the last 7 days funding on this pair paid +0.677%, so the current rate has only just turned against you. The two prices were read 77 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	Coinbase International SKHY-PERP-INTX	192.90	−0.0032	get 0.0004% / 1h	29m 46s	$45K	$874K	10x
Short	edgeX SKHYUSDC	192.97	−0.0262	pay 0.0131% / 4h	1h 29m	$582K	$291K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX 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 edgeXbpOrdersPrice spread, now +0.039%Rate

Funding earned: −$48.38
Price spread: +0.039% → −0.120%: $15.83
Slippage, 4 orders: −$12.66
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$64.21
Costs to cover: 0.317%
Break-even: never at this rate

Slippage from Coinbase International: live order book, 34 min ago; edgeX: live order book, 34 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, 34 min ago	4.41 bp	9.4 bp −$9	14.6 bp −$146	doesn't fit	doesn't fit
Sell edgeX live order book, 34 min ago	1.04 bp	5.9 bp −$6	11.2 bp −$112	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	−0.0262%	4h	192.97	+0.039%	$582K	$291K	10x
Coinbase International SKHY-PERP-INTXlong	−0.0032%	1h	192.90	long leg	$45K	$874K	10x
Aster SKHYUSDT	0.0000%	8h	192.77	−0.067%	$248K	$890K	50x	as long as short
Extended SKHY-USD	0.0000%	1h	192.72	−0.095%	$56K	$7K	10x	as long as short
Binance SKHYUSDT	0.0000%	8h	192.85	−0.026%	$206.6M	$389.3M	50x	as long as short
Bybit SKHYUSDT	0.0000%	8h	192.80	−0.052%	$15.7M	$27.3M	100x	as long as short
OKX SKHY-USDT-SWAP	0.0000%	8h	192.79	−0.057%	$46.7M	$69.3M	50x	as long as short
Gate SKHY_USDT	0.0000%	8h	192.76	−0.073%	$25.8M	$19.0M	75x	as long as short
Variational Omni SKHY	0.0000%	8h	192.94	+0.018%	$1.6M	$1.2M	—	as long as short
GRVT SKHY_USDT_Perp	0.0000%	8h	193.03	+0.068%	$23K	$194K	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	193.11	+0.109%	$707	$6.4M	10x	as long as short
HTX SKHY-USDT	0.0000%	8h	192.77	−0.067%	$160K	$368K	50x	as long as short
Phemex SKHYUSDT	0.0000%	8h	192.82	−0.041%	$1.5M	$1.1M	10x	as long as short
QFEX SKHY-USD	+0.0004%	1h	192.76	−0.073%	$1.2M	$4.3M	10x	as long as short
Lighter SKHY	+0.0032%	1h	192.73	−0.088%	$1.0M	$688K	10x	as long as short
Lighter RH SKHY	+0.0032%	1h	192.74	−0.083%	$1.1M	$1.5M	10x	as long as short
Arcus SKHY-USD	+0.0040%	1h	192.87	−0.016%	$57K	$154K	10x	as long as short
Vest SKHY-USD-PERP	+0.0046%	1h	192.77	−0.067%	—	$11K	10x	as long as short
Popdex SKHYUSDT	+0.0048%	1h	192.84	−0.031%	$199K	$255K	20x	as long as short
tradeXYZ xyz:SKHY	+0.0050%	1h	192.73	−0.088%	$161.3M	$67.2M	10x	as long as short
Polymarket Perps SKHY-USD	+0.0050%	1h	192.71	−0.098%	$188K	$456K	10x	as long as short
SoDEX SKHY-USD	+0.0050%	1h	192.79	−0.057%	$43K	$13K	10x	as long as short
Ondo Perps SKHY-USD.P	+0.0050%	1h	192.87	−0.016%	$585K	$2.2M	10x	as long as short
KuCoin SKHYUSDTM	+0.0100%	8h	192.78	−0.062%	$1.1M	$290K	20x	as long as short
Orderly PERP_SKHY_USDC_mythos	+0.0100%	8h	192.80	−0.052%	$2K	$4K	10x	as long as short
BloFin SKHY-USDT	+0.0120%	8h	192.97	+0.036%	$2.3M	$446K	50x	as long as short
Bitget SKHYUSDT	+0.0143%	8h	192.85	−0.026%	$25.4M	$26.7M	20x	as long as short
Nado SKHY-PERP	+0.0169%	1h	192.87	−0.013%	$38K	$26K	10x	as long as short
Deribit SKHY_USDC-PERPETUAL	+0.0321%	1h	192.82	−0.041%	$49K	$295K	10x	as long as short
Phoenix SKHY	+0.0332%	1h	193.13	+0.119%	$216K	$124K	10x	as long as short
Kraken Futures PF_SKHYUSD	+0.0546%	1h	192.91	+0.007%	$51K	$17K	20x	as long as short