Funding arb · Price arb /

SKHY

RWAall SKHY markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC+0.0598%/8h= +65.5% APRpaid last 24h +0.201%

Price spread now: Bybit against edgeX−0.381%111s7-day average 0.000% · you buy dearer than you sell

Net, funding: paid 7d − costs−$79as 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−$270.271% of the position

Long on edgeX Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.521%−$52 on $10k

Price spread, last 4 days (all we have)−0.020%−$2 · spread now −0.381%, 7d avg 0.000%

Together, before fees−0.541%+ Points / potential airdropedgeX: Active · farm board−$54 on $10k · with fees, hour by hour

Funding pays, the price is against you. Bybit is 0.381% cheaper against edgeX than usual: you would sell low and buy high (spread −0.381% now, against its 7-day average of 0.000%). If the spread goes back, that is −$38 on $10k: about 2.1 days of funding at the current rate (+$18 a day). Mind the row above: over the last 7 days funding on this pair cost −0.521%, so the current rate has only just turned in your favour. The two prices were read 111 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	edgeX SKHYUSDC	184.70	−0.0734	get 0.0367% / 4h	3h 31m	$557K	$291K	10x
Short	Bybit SKHYUSDT	184.00	−0.0136	pay 0.0136% / 8h	7h 31m	$16.2M	$33.0M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against edgeX. 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 edgeXbpFee BybitbpOrdersPrice spread, now −0.381%Rate

Funding earned: $125.61
Price spread: −0.381% → 0.000%: −$38.13
Slippage, 4 orders: −$7.09
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: $60.39
Costs to cover: 0.271%
Break-even: 3.6 days

Slippage from edgeX: live order book, 2 min ago; Bybit: live order book, 2 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 edgeX live order book, 2 min ago	1.36 bp	6.2 bp −$6	11.4 bp −$114	doesn't fit	doesn't fit
Sell Bybit live order book, 2 min ago	0.54 bp	7.4 bp −$7	12.9 bp −$129	52.1 bp −$5,211	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	−0.1216%	8h	184.07	−0.343%	$25.3M	$34.9M	20x	as long as short
edgeX SKHYUSDClong	−0.0734%	4h	184.70	long leg	$557K	$291K	10x
GRVT SKHY_USDT_Perp	−0.0425%	8h	184.67	−0.018%	$22K	$243K	10x	as long as short
KuCoin SKHYUSDTM	−0.0237%	8h	184.07	−0.343%	$1.1M	$368K	20x	as long as short
Bybit SKHYUSDTshort	−0.0136%	8h	184.00	−0.381%	$16.2M	$33.0M	100x
tradeXYZ xyz:SKHY	−0.0089%	1h	183.91	−0.430%	$155.8M	$78.2M	10x	as long as short
Nado SKHY-PERP	−0.0061%	1h	184.11	−0.320%	$32K	$28K	10x	as long as short
Binance SKHYUSDT	−0.0051%	8h	184.07	−0.343%	$195.9M	$464.6M	50x	as long as short
Extended SKHY-USD	−0.0048%	1h	184.03	−0.364%	$54K	$7K	10x	as long as short
HTX SKHY-USDT	−0.0035%	8h	184.00	−0.381%	$153K	$376K	50x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Ondo Perps SKHY-USD.P	−0.0034%	1h	183.96	−0.403%	$510K	$2.6M	10x	as long as short
QFEX SKHY-USD	−0.0028%	1h	183.94	−0.413%	$1.2M	$4.3M	10x	as long as short
Variational Omni SKHY	−0.0004%	8h	184.69	−0.005%	$1.6M	$1.0M	—	as long as short
Aster SKHYUSDT	0.0000%	8h	184.08	−0.338%	$265K	$951K	50x	as long as short
OKX SKHY-USDT-SWAP	0.0000%	8h	184.06	−0.348%	$43.5M	$81.8M	50x	as long as short
Gate SKHY_USDT	0.0000%	8h	184.01	−0.375%	$25.6M	$21.5M	75x	as long as short
SunX SKHY-USDT	0.0000%	8h	184.35	−0.191%	$675	$5.9M	10x	as long as short
Phemex SKHYUSDT	0.0000%	8h	184.04	−0.359%	$1.5M	$1.1M	10x	as long as short
Coinbase International SKHY-PERP-INTX	+0.0024%	1h	187.58	+1.557%	$68K	$784K	10x	as long as short
Lighter SKHY	+0.0032%	1h	183.98	−0.392%	$977K	$1.3M	10x	as long as short
Lighter RH SKHY	+0.0032%	1h	183.95	−0.408%	$1.1M	$1.5M	10x	as long as short
Arcus SKHY-USD	+0.0040%	1h	184.10	−0.327%	$59K	$172K	10x	as long as short
Vest SKHY-USD-PERP	+0.0046%	1h	184.01	−0.375%	—	$38K	10x	as long as short
Popdex SKHYUSDT	+0.0048%	1h	184.10	−0.327%	$199K	$288K	20x	as long as short
Polymarket Perps SKHY-USD	+0.0050%	1h	183.94	−0.413%	$178K	$451K	10x	as long as short
SoDEX SKHY-USD	+0.0050%	1h	184.06	−0.348%	$41K	$12K	10x	as long as short
BloFin SKHY-USDT	+0.0080%	8h	184.30	−0.218%	$2.1M	$438K	50x	as long as short
Orderly PERP_SKHY_USDC_mythos	+0.0100%	8h	184.17	−0.289%	$2K	$4K	10x	as long as short
Kraken Futures PF_SKHYUSD	+0.0172%	1h	184.04	−0.361%	$47K	$20K	20x	as long as short
Phoenix SKHY	+0.0215%	1h	185.14	+0.236%	$207K	$123K	10x	as long as short
Deribit SKHY_USDC-PERPETUAL	+0.0239%	1h	184.09	−0.332%	$47K	$353K	10x	as long as short