Funding arb · Price arb /

SKHY

RWAall SKHY markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0893%/8h= −97.7% APRpaid last 24h +0.044%

Price spread now: edgeX against Deribit−0.032%7-day average −0.027% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$37as in the Price arb table

costs, in and out, $10k−$370.369% of the position

Long on Deribit Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.508%+$51 on $10k

Price spread, last 3 days (all we have)+0.011%+$1 · spread now −0.032%, 7d avg −0.027%

Together, before fees+0.519%+ Points / potential airdropedgeX: Active · farm board+$52 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.027%, so right now this pair is about funding alone: −$27 a day on $10k at the current rate. Mind the row above: over the last 4 days funding on this pair paid +0.508%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit SKHY_USDC-PERPETUAL	189.69	0.0066	pay 0.0008% / 1h	17m 30s	$46K	$255K	10x
Short	edgeX SKHYUSDC	189.63	−0.0826	pay 0.0413% / 4h	17m 30s	$572K	$290K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX against Deribit. 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 DeribitbpFee edgeXbpOrdersPrice spread, now −0.032%Rate

Funding earned: −$187.44
Price spread: −0.032% → −0.027%: −$0.48
Slippage, 4 orders: −$20.87
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$224.79
Costs to cover: 0.369%
Break-even: never at this rate

Slippage from Deribit: live order book, 61 min ago; edgeX: live order book, 61 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 Deribit live order book, 61 min ago	0.26 bp	14.2 bp −$14	18.3 bp −$183	doesn't fit	doesn't fit
Sell edgeX live order book, 61 min ago	1.06 bp	5.9 bp −$6	11.6 bp −$116	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	−0.0826%	4h	189.63	−0.032%	$572K	$290K	10x
Nado SKHY-PERP	−0.0042%	1h	189.65	−0.021%	$28K	$2K	10x	as long as short
QFEX SKHY-USD	0.0000%	1h	189.59	−0.053%	$1.2M	$5.3M	10x	as long as short
Aster SKHYUSDT	0.0000%	8h	189.65	−0.019%	$252K	$903K	50x	as long as short
Extended SKHY-USD	0.0000%	1h	189.60	−0.045%	$55K	$4K	10x	as long as short
Binance SKHYUSDT	0.0000%	8h	189.64	−0.026%	$212.1M	$377.9M	50x	as long as short
Bybit SKHYUSDT	0.0000%	8h	189.70	+0.005%	$15.7M	$27.0M	100x	as long as short
OKX SKHY-USDT-SWAP	0.0000%	8h	189.66	−0.016%	$47.1M	$61.3M	50x	as long as short
Gate SKHY_USDT	0.0000%	8h	189.62	−0.037%	$26.1M	$17.8M	75x	as long as short
Bitget SKHYUSDT	0.0000%	8h	189.67	−0.011%	$25.4M	$25.7M	20x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni SKHY	0.0000%	8h	189.53	−0.085%	$1.6M	$2.6M	—	as long as short
GRVT SKHY_USDT_Perp	0.0000%	8h	189.67	−0.011%	$22K	$208K	10x	as long as short
SunX SKHY-USDT	0.0000%	8h	189.95	+0.137%	$695	$7.2M	10x	as long as short
HTX SKHY-USDT	0.0000%	8h	189.63	−0.032%	$155K	$401K	50x	as long as short
Phemex SKHYUSDT	0.0000%	8h	189.67	−0.011%	$1.5M	$1.1M	10x	as long as short
KuCoin SKHYUSDTM	+0.0011%	8h	189.55	−0.074%	$1.1M	$283K	20x	as long as short
Lighter SKHY	+0.0032%	1h	189.58	−0.058%	$1.0M	$689K	10x	as long as short
Lighter RH SKHY	+0.0032%	1h	189.56	−0.069%	$1.1M	$1.4M	10x	as long as short
Arcus SKHY-USD	+0.0040%	1h	189.67	−0.011%	$56K	$155K	10x	as long as short
Vest SKHY-USD-PERP	+0.0046%	1h	189.60	−0.047%	—	$12K	10x	as long as short
Popdex SKHYUSDT	+0.0048%	1h	189.65	−0.021%	$202K	$241K	20x	as long as short
tradeXYZ xyz:SKHY	+0.0050%	1h	189.61	−0.042%	$164.5M	$65.2M	10x	as long as short
Polymarket Perps SKHY-USD	+0.0050%	1h	189.58	−0.058%	$170K	$952K	10x	as long as short
SoDEX SKHY-USD	+0.0050%	1h	189.64	−0.026%	$42K	$13K	10x	as long as short
Ondo Perps SKHY-USD.P	+0.0050%	1h	189.52	−0.090%	$557K	$1.2M	10x	as long as short
Deribit SKHY_USDC-PERPETUALlong	+0.0066%	1h	189.69	long leg	$46K	$255K	10x
Orderly PERP_SKHY_USDC_mythos	+0.0100%	8h	189.64	−0.026%	$2K	$4K	10x	as long as short
BloFin SKHY-USDT	+0.0120%	8h	189.70	+0.005%	$2.2M	$415K	50x	as long as short
Coinbase International SKHY-PERP-INTX	+0.0128%	1h	189.72	+0.016%	$169K	$687K	10x	as long as short
Phoenix SKHY	+0.0380%	1h	189.74	+0.026%	$214K	$128K	10x	as long as short
Kraken Futures PF_SKHYUSD	+0.0950%	1h	189.78	+0.046%	$50K	$24K	20x	as long as short