Funding arb · Price arb /

SKHY

RWAall SKHY markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0107%/8h= +11.8% APRpaid last 24h +0.336%

Price spread now: Kraken Futures against edgeX−0.147%76s7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on edgeX Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days+0.166%+$17 on $10k

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropedgeX: Active · farm boardneeds both histories

Funding pays, the price is against you. Kraken Futures is 0.147% cheaper against edgeX than usual: you would sell low and buy high (spread −0.147% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$15 on $10k: about 4.6 days of funding at the current rate (+$3 a day). The two prices were read 76 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	187.00	−0.0246	get 0.0123% / 4h	1h 41m	$564K	$292K	10x
Short	Kraken Futures PF_SKHYUSD	186.72	−0.0139	pay 0.0017% / 1h	41m 35s	$47K	$19K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures 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 Kraken FuturesbpOrdersPrice spread, now −0.147%Rate

Funding earned: $22.55
Price spread: −0.147% → 0.000%: −$14.66
Slippage, 4 orders: no order book: not counted
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$11.11
Costs to cover: 0.190%
Break-even: 10.4 days

Slippage unknown: edgeX: live order book, 2 min ago; Kraken Futures: no order-book sample. Net counts fees only.

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	5.62 bp	11.1 bp −$11	19.1 bp −$191	doesn't fit	doesn't fit
Sell Kraken Futures no order-book sample	—	—	—	—	—

Kraken Futures: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	−0.1134%	8h	186.83	−0.090%	$25.0M	$31.7M	20x	as long as short
edgeX SKHYUSDClong	−0.0246%	4h	187.00	long leg	$564K	$292K	10x
Deribit SKHY_USDC-PERPETUAL	−0.0232%	1h	186.61	−0.208%	$48K	$339K	10x	as long as short
Nado SKHY-PERP	−0.0186%	1h	186.76	−0.127%	$33K	$28K	10x	as long as short
tradeXYZ xyz:SKHY	−0.0182%	1h	186.63	−0.197%	$158.4M	$74.3M	10x	as long as short
Polymarket Perps SKHY-USD	−0.0175%	1h	186.50	−0.267%	$180K	$487K	10x	as long as short
Popdex SKHYUSDT	−0.0168%	1h	186.68	−0.170%	$197K	$274K	20x	as long as short
Lighter SKHY	−0.0144%	1h	186.65	−0.186%	$963K	$1.1M	10x	as long as short
Kraken Futures PF_SKHYUSDshort	−0.0139%	1h	186.72	−0.147%	$47K	$19K	20x
Coinbase International SKHY-PERP-INTX	−0.0104%	1h	187.75	+0.402%	$63K	$902K	10x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
QFEX SKHY-USD	−0.0049%	1h	186.64	−0.192%	$1.2M	$4.1M	10x	as long as short
Ondo Perps SKHY-USD.P	−0.0037%	1h	186.48	−0.277%	$514K	$2.6M	10x	as long as short
Aster SKHYUSDT	0.0000%	8h	186.82	−0.097%	$226K	$916K	50x	as long as short
Extended SKHY-USD	0.0000%	1h	186.63	−0.198%	$54K	$7K	10x	as long as short
Binance SKHYUSDT	0.0000%	8h	186.69	−0.165%	$199.4M	$437.9M	50x	as long as short
Bybit SKHYUSDT	0.0000%	8h	186.70	−0.160%	$15.8M	$29.3M	100x	as long as short
OKX SKHY-USDT-SWAP	0.0000%	8h	186.66	−0.181%	$44.6M	$77.5M	50x	as long as short
Gate SKHY_USDT	0.0000%	8h	186.68	−0.170%	$25.2M	$20.2M	75x	as long as short
Variational Omni SKHY	0.0000%	8h	186.90	−0.051%	$1.6M	$1.0M	—	as long as short
GRVT SKHY_USDT_Perp	0.0000%	8h	187.13	+0.070%	$22K	$228K	10x	as long as short
SunX SKHY-USDT	0.0000%	8h	186.95	−0.026%	$684	$6.1M	10x	as long as short
HTX SKHY-USDT	0.0000%	8h	186.52	−0.256%	$155K	$367K	50x	as long as short
Phemex SKHYUSDT	0.0000%	8h	186.72	−0.149%	$1.5M	$1.1M	10x	as long as short
Lighter RH SKHY	+0.0032%	1h	186.60	−0.213%	$1.1M	$1.6M	10x	as long as short
Arcus SKHY-USD	+0.0040%	1h	186.78	−0.117%	$58K	$165K	10x	as long as short
Vest SKHY-USD-PERP	+0.0046%	1h	186.72	−0.149%	—	$24K	10x	as long as short
SoDEX SKHY-USD	+0.0050%	1h	186.66	−0.181%	$41K	$13K	10x	as long as short
KuCoin SKHYUSDTM	+0.0100%	8h	186.77	−0.122%	$1.1M	$328K	20x	as long as short
Orderly PERP_SKHY_USDC_mythos	+0.0100%	8h	186.68	−0.170%	$2K	$4K	10x	as long as short
BloFin SKHY-USDT	+0.0120%	8h	186.68	−0.170%	$2.2M	$419K	50x	as long as short
Phoenix SKHY	+0.0213%	1h	187.18	+0.097%	$210K	$115K	10x	as long as short