Funding arb · Price arb /

SKHY

RWAall SKHY markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0722%/8h= +79.1% APRpaid last 24h +0.164%

Price spread now: GRVT against edgeX−0.177%7-day average +0.020% · you buy dearer than you sell

Net, funding: paid 7d − costs−$78as in the Funding arb table

Net, price: spread back to 7d avg − costs−$44as in the Price arb table

costs, in and out, $10k−$240.243% of the position

Long on edgeX Short on GRVT

What this pair did over the last

the charts below follow

Funding, last 7 days−0.541%−$54 on $10k

Price spread, last 4 days (all we have)+0.184%+$18 · spread now −0.177%, 7d avg +0.020%

Together, before fees−0.357%+ Points / potential airdropedgeX: Active · GRVT: Active · farm board−$36 on $10k · with fees, hour by hour

Funding pays, the price is against you. GRVT is 0.197% cheaper against edgeX than usual: you would sell low and buy high (spread −0.177% now, against its 7-day average of +0.020%). If the spread goes back, that is −$20 on $10k: about 22 hours of funding at the current rate (+$22 a day). Mind the row above: over the last 7 days funding on this pair cost −0.541%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	edgeX SKHYUSDC	190.02	−0.0722	get 0.0361% / 4h	3h 21m	$573K	$289K	10x
Short	GRVT SKHY_USDT_Perp	189.69	0	get 0.0000% / 8h	3h 21m	$22K	$215K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GRVT 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 GRVTbpOrdersPrice spread, now −0.177%Rate

Funding earned: $151.61
Price spread: −0.177% → +0.020%: −$19.7
Slippage, 4 orders: −$6.34
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee GRVT: 4.5 bp × 2 orders: −$9
Net: $107.57
Costs to cover: 0.243%
Break-even: 2.0 days

Slippage from edgeX: live order book, 32 min ago; GRVT: live order book, 31 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, 32 min ago	1.04 bp	5.9 bp −$6	11.0 bp −$110	doesn't fit	doesn't fit
Sell GRVT live order book, 31 min ago	1.04 bp	6.9 bp −$7	10.9 bp −$109	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	−0.0722%	4h	190.02	long leg	$573K	$289K	10x
Coinbase International SKHY-PERP-INTX	−0.0104%	1h	189.86	−0.086%	$36K	$876K	10x	as long as short
tradeXYZ xyz:SKHY	−0.0019%	1h	189.73	−0.154%	$159.1M	$69.7M	10x	as long as short
Aster SKHYUSDT	0.0000%	8h	189.79	−0.125%	$246K	$894K	50x	as long as short
Extended SKHY-USD	0.0000%	1h	189.69	−0.173%	$55K	$7K	10x	as long as short
Binance SKHYUSDT	0.0000%	8h	189.79	−0.125%	$200.1M	$408.6M	50x	as long as short
Bybit SKHYUSDT	0.0000%	8h	189.79	−0.122%	$15.3M	$28.7M	100x	as long as short
OKX SKHY-USDT-SWAP	0.0000%	8h	189.77	−0.133%	$45.0M	$73.5M	50x	as long as short
Gate SKHY_USDT	0.0000%	8h	189.75	−0.143%	$25.4M	$19.7M	75x	as long as short
Bitget SKHYUSDT	0.0000%	8h	189.83	−0.101%	$24.3M	$29.1M	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	189.80	−0.117%	$1.6M	$1.1M	—	as long as short
GRVT SKHY_USDT_Perpshort	0.0000%	8h	189.69	−0.177%	$22K	$215K	10x
SunX SKHY-USDT	0.0000%	8h	189.94	−0.043%	$695	$6.2M	10x	as long as short
Deribit SKHY_USDC-PERPETUAL	0.0000%	1h	189.55	−0.249%	$48K	$328K	10x	as long as short
HTX SKHY-USDT	0.0000%	8h	189.56	−0.243%	$158K	$368K	50x	as long as short
Phemex SKHYUSDT	0.0000%	8h	189.64	−0.201%	$1.5M	$1.1M	10x	as long as short
QFEX SKHY-USD	+0.0011%	1h	189.38	−0.338%	$1.2M	$4.1M	10x	as long as short
Lighter SKHY	+0.0024%	1h	189.66	−0.191%	$1.0M	$714K	10x	as long as short
Lighter RH SKHY	+0.0032%	1h	189.68	−0.180%	$1.1M	$1.5M	10x	as long as short
Nado SKHY-PERP	+0.0035%	1h	189.41	−0.321%	$33K	$28K	10x	as long as short
Arcus SKHY-USD	+0.0040%	1h	189.64	−0.201%	$59K	$164K	10x	as long as short
Vest SKHY-USD-PERP	+0.0046%	1h	189.45	−0.301%	—	$12K	10x	as long as short
Popdex SKHYUSDT	+0.0048%	1h	189.40	−0.328%	$200K	$258K	20x	as long as short
Polymarket Perps SKHY-USD	+0.0050%	1h	189.44	−0.307%	$183K	$470K	10x	as long as short
SoDEX SKHY-USD	+0.0050%	1h	189.49	−0.280%	$42K	$13K	10x	as long as short
Ondo Perps SKHY-USD.P	+0.0050%	1h	189.24	−0.412%	$528K	$2.6M	10x	as long as short
KuCoin SKHYUSDTM	+0.0100%	8h	189.76	−0.138%	$1.1M	$317K	20x	as long as short
Orderly PERP_SKHY_USDC_mythos	+0.0100%	8h	189.60	−0.222%	$2K	$4K	10x	as long as short
BloFin SKHY-USDT	+0.0120%	8h	189.34	−0.359%	$2.2M	$436K	50x	as long as short
Phoenix SKHY	+0.0375%	1h	189.85	−0.091%	$213K	$124K	10x	as long as short
Kraken Futures PF_SKHYUSD	+0.0691%	1h	189.59	−0.230%	$48K	$19K	20x	as long as short