Funding arb · Price arb /

SKHY

RWAall SKHY markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0229%/8h= +25.0% APRpaid last 24h +0.046%

Price spread now: Coinbase International against edgeX−0.084%77s7-day average +0.122% · you buy dearer than you sell

Net, funding: paid 7d − costs−$117as 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−$380.378% of the position

Long on edgeX Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days−0.791%−$79 on $10k

Price spread, last 3 days (all we have)+0.065%+$7 · spread now −0.084%, 7d avg +0.122%

Together, before fees−0.725%+ Points / potential airdropedgeX: Active · farm board−$73 on $10k · with fees, hour by hour

Funding pays, the price is against you. Coinbase International is 0.206% cheaper against edgeX than usual: you would sell low and buy high (spread −0.084% now, against its 7-day average of +0.122%). If the spread goes back, that is −$21 on $10k: about 3.0 days of funding at the current rate (+$7 a day). Mind the row above: over the last 7 days funding on this pair cost −0.791%, so the current rate has only just turned in your favour. 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	edgeX SKHYUSDC	193.40	−0.0141	get 0.0070% / 4h	3h 03m	$583K	$290K	10x
Short	Coinbase International SKHY-PERP-INTX	193.24	0.0088	get 0.0011% / 1h	3m 40s	$54K	$870K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International 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 Coinbase InternationalbpOrdersPrice spread, now −0.084%Rate

Funding earned: $48.02
Price spread: −0.084% → +0.122%: −$20.61
Slippage, 4 orders: −$18.77
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$10.36
Costs to cover: 0.378%
Break-even: 8.5 days

Slippage from edgeX: live order book, 5 min ago; Coinbase International: live order book, 5 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, 5 min ago	1.03 bp	6.0 bp −$6	11.0 bp −$110	doesn't fit	doesn't fit
Sell Coinbase International live order book, 5 min ago	7.24 bp	12.3 bp −$12	18.2 bp −$182	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 SKHYUSDClong	−0.0141%	4h	193.40	long leg	$583K	$290K	10x
Nado SKHY-PERP	−0.0024%	1h	193.38	−0.009%	$44K	$20K	10x	as long as short
Aster SKHYUSDT	0.0000%	8h	193.14	−0.135%	$249K	$890K	50x	as long as short
Extended SKHY-USD	0.0000%	1h	193.25	−0.079%	$56K	$7K	10x	as long as short
Binance SKHYUSDT	0.0000%	8h	193.26	−0.073%	$211.5M	$385.0M	50x	as long as short
Bybit SKHYUSDT	0.0000%	8h	193.31	−0.047%	$15.6M	$27.0M	100x	as long as short
OKX SKHY-USDT-SWAP	0.0000%	8h	193.30	−0.053%	$46.9M	$68.4M	50x	as long as short
Gate SKHY_USDT	0.0000%	8h	193.24	−0.084%	$25.8M	$18.8M	75x	as long as short
Variational Omni SKHY	0.0000%	8h	193.46	+0.030%	$1.6M	$2.3M	—	as long as short
SunX SKHY-USDT	0.0000%	8h	193.67	+0.139%	$709	$6.7M	10x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Deribit SKHY_USDC-PERPETUAL	0.0000%	1h	193.29	−0.058%	$48K	$269K	10x	as long as short
HTX SKHY-USDT	0.0000%	8h	193.32	−0.042%	$160K	$380K	50x	as long as short
Phemex SKHYUSDT	0.0000%	8h	193.29	−0.058%	$1.5M	$1.1M	10x	as long as short
QFEX SKHY-USD	+0.0005%	1h	193.33	−0.037%	$1.2M	$5.0M	10x	as long as short
Lighter SKHY	+0.0032%	1h	193.19	−0.109%	$1.0M	$697K	10x	as long as short
Lighter RH SKHY	+0.0032%	1h	193.16	−0.125%	$1.1M	$1.5M	10x	as long as short
Arcus SKHY-USD	+0.0040%	1h	193.38	−0.011%	$57K	$153K	10x	as long as short
Vest SKHY-USD-PERP	+0.0046%	1h	193.42	+0.009%	—	$12K	10x	as long as short
Popdex SKHYUSDT	+0.0048%	1h	193.38	−0.011%	$197K	$258K	20x	as long as short
tradeXYZ xyz:SKHY	+0.0050%	1h	193.25	−0.078%	$163.6M	$66.6M	10x	as long as short
Polymarket Perps SKHY-USD	+0.0050%	1h	193.29	−0.058%	$190K	$454K	10x	as long as short
SoDEX SKHY-USD	+0.0050%	1h	193.31	−0.047%	$43K	$13K	10x	as long as short
Ondo Perps SKHY-USD.P	+0.0050%	1h	193.28	−0.063%	$542K	$1.7M	10x	as long as short
Coinbase International SKHY-PERP-INTXshort	+0.0088%	1h	193.24	−0.084%	$54K	$870K	10x
KuCoin SKHYUSDTM	+0.0100%	8h	193.30	−0.053%	$1.1M	$278K	20x	as long as short
Orderly PERP_SKHY_USDC_mythos	+0.0100%	8h	193.31	−0.047%	$2K	$4K	10x	as long as short
BloFin SKHY-USDT	+0.0120%	8h	193.44	+0.020%	$2.2M	$446K	50x	as long as short
Phoenix SKHY	+0.0335%	1h	193.32	−0.042%	$218K	$120K	10x	as long as short
GRVT SKHY_USDT_Perp	+0.0411%	8h	193.23	−0.089%	$23K	$192K	10x	as long as short
Bitget SKHYUSDT	+0.0421%	8h	193.31	−0.047%	$25.8M	$26.9M	20x	as long as short
Kraken Futures PF_SKHYUSD	+0.0708%	1h	193.41	+0.004%	$51K	$17K	20x	as long as short