Funding arb · Price arb /

SKHY

RWAall SKHY markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0183%/8h= +20.0% APRpaid last 24h −0.035%

Price spread now: Deribit against edgeX+0.157%75s7-day average +0.027% · you sell dearer than you buy

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

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

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

Long on edgeX Short on Deribit

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)−0.168%−$17 · spread now +0.157%, 7d avg +0.027%

Together, before fees−0.676%+ Points / potential airdropedgeX: Active · farm board−$68 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$5 a day on $10k at the current rate, and Deribit is 0.130% dearer against edgeX than usual: you sell high and buy low: +$13 more if the spread goes back to its 7-day average of +0.027%. Mind the row above: over the last 4 days funding on this pair cost −0.508%, so the current rate has only just turned in your favour. The two prices were read 75 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	188.92	−0.0116	get 0.0058% / 4h	1h 03m	$570K	$290K	10x
Short	Deribit SKHY_USDC-PERPETUAL	189.22	0.0067	get 0.0008% / 1h	3m 57s	$45K	$238K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit 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 DeribitbpOrdersPrice spread, now +0.157%Rate

Funding earned: $38.4
Price spread: +0.157% → +0.027%: $12.97
Slippage, 4 orders: −$20.87
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: $14.51
Costs to cover: 0.369%
Break-even: 4.4 days

Slippage from edgeX: live order book, 15 min ago; Deribit: live order book, 15 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, 15 min ago	1.06 bp	5.9 bp −$6	11.0 bp −$110	doesn't fit	doesn't fit
Sell Deribit live order book, 15 min ago	0.26 bp	10.9 bp −$11	15.4 bp −$154	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	−0.0116%	4h	188.92	long leg	$570K	$290K	10x
Nado SKHY-PERP	−0.0040%	1h	189.09	+0.089%	$28K	$2K	10x	as long as short
KuCoin SKHYUSDTM	−0.0032%	8h	189.01	+0.046%	$1.1M	$300K	20x	as long as short
QFEX SKHY-USD	−0.0001%	1h	189.09	+0.088%	$1.2M	$5.2M	10x	as long as short
Aster SKHYUSDT	0.0000%	8h	189.09	+0.085%	$251K	$902K	50x	as long as short
Extended SKHY-USD	0.0000%	1h	189.11	+0.097%	$55K	$4K	10x	as long as short
Binance SKHYUSDT	0.0000%	8h	189.14	+0.114%	$212.1M	$379.3M	50x	as long as short
Bybit SKHYUSDT	0.0000%	8h	189.20	+0.146%	$15.8M	$26.4M	100x	as long as short
OKX SKHY-USDT-SWAP	0.0000%	8h	189.17	+0.130%	$46.9M	$61.0M	50x	as long as short
Gate SKHY_USDT	0.0000%	8h	189.13	+0.109%	$26.1M	$17.9M	75x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget SKHYUSDT	0.0000%	8h	189.20	+0.146%	$25.6M	$25.2M	20x	as long as short
Variational Omni SKHY	0.0000%	8h	188.99	+0.035%	$1.6M	$2.6M	—	as long as short
GRVT SKHY_USDT_Perp	0.0000%	8h	189.09	+0.088%	$22K	$214K	10x	as long as short
SunX SKHY-USDT	0.0000%	8h	189.41	+0.257%	$693	$7.3M	10x	as long as short
HTX SKHY-USDT	0.0000%	8h	189.09	+0.088%	$155K	$400K	50x	as long as short
Phemex SKHYUSDT	0.0000%	8h	189.14	+0.114%	$1.5M	$1.1M	10x	as long as short
Lighter SKHY	+0.0032%	1h	189.11	+0.098%	$1.0M	$717K	10x	as long as short
Lighter RH SKHY	+0.0032%	1h	189.06	+0.072%	$1.1M	$1.4M	10x	as long as short
Arcus SKHY-USD	+0.0040%	1h	189.10	+0.093%	$56K	$156K	10x	as long as short
Vest SKHY-USD-PERP	+0.0046%	1h	189.06	+0.072%	—	$12K	10x	as long as short
Popdex SKHYUSDT	+0.0048%	1h	189.13	+0.109%	$202K	$241K	20x	as long as short
tradeXYZ xyz:SKHY	+0.0050%	1h	189.09	+0.088%	$164.7M	$64.9M	10x	as long as short
Polymarket Perps SKHY-USD	+0.0050%	1h	189.02	+0.051%	$186K	$923K	10x	as long as short
SoDEX SKHY-USD	+0.0050%	1h	189.08	+0.083%	$42K	$13K	10x	as long as short
Ondo Perps SKHY-USD.P	+0.0050%	1h	189.02	+0.051%	$542K	$1.0M	10x	as long as short
Deribit SKHY_USDC-PERPETUALshort	+0.0067%	1h	189.22	+0.157%	$45K	$238K	10x
Orderly PERP_SKHY_USDC_mythos	+0.0100%	8h	189.10	+0.093%	$2K	$5K	10x	as long as short
BloFin SKHY-USDT	+0.0120%	8h	189.10	+0.093%	$2.2M	$432K	50x	as long as short
Coinbase International SKHY-PERP-INTX	+0.0240%	1h	188.78	−0.076%	$168K	$685K	10x	as long as short
Phoenix SKHY	+0.0297%	1h	189.15	+0.120%	$213K	$128K	10x	as long as short
Kraken Futures PF_SKHYUSD	+0.0870%	1h	189.27	+0.185%	$50K	$24K	20x	as long as short