Settings8H · net · $10k
Funding arb · Price arb /

SKHY

RWAall SKHY markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC+0.0800%/8h= +87.7% APRpaid last 24h +0.171%
Price spread now: KuCoin against edgeX+0.147%7-day average −0.018% · you sell dearer than you buy
Net, funding: paid 7d − costs−$153as in the Funding arb table
Net, price: spread back to 7d avg − costs−$76as in the Price arb table
costs, in and out, $10k−$930.930% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.604%−$60 on $10k
Price spread, last 4 days (all we have)−0.329%−$33 · spread now +0.147%, 7d avg −0.018%
Together, before fees−0.933%+ Points / potential airdropedgeX: Active · farm board−$93 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$24 a day on $10k at the current rate, and KuCoin is 0.165% dearer against edgeX than usual: you sell high and buy low: +$17 more if the spread goes back to its 7-day average of −0.018%. Mind the row above: over the last 7 days funding on this pair cost −0.604%, so the current rate has only just turned in your favour.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongedgeX SKHYUSDC188.57−0.0700get 0.0350% / 4h2h 45m$568K$292K10x
ShortKuCoin SKHYUSDTM188.850.0100get 0.0100% / 8h2h 45m$1.1M$315K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

KuCoin 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

Funding earned
$168.1
Price spread: +0.147% → −0.018%
$16.52
Slippage, 4 orders
−$71.95
Fee edgeX: 4.5 bp × 2 orders
−$9
Fee KuCoin: 6 bp × 2 orders
−$12
Net
$91.66
Costs to cover
0.930%
Break-even
3.2 days
Slippage from edgeX: live order book, 3 min ago; KuCoin: live order book, 4 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy edgeX live order book, 3 min ago5.56 bp11.0 bp −$1115.1 bp −$151doesn't fitdoesn't fit
Sell KuCoin live order book, 4 min ago1.85 bp42.1 bp −$42doesn't fitdoesn't fitdoesn't fit

SKHY on 31 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
edgeX SKHYUSDClong−0.0700%4h188.57long leg$568K$292K10x
Bitget SKHYUSDT−0.0534%8h189.01+0.232%$24.4M$29.7M20xas long as short
Deribit SKHY_USDC-PERPETUAL−0.0068%1h188.83+0.137%$48K$334K10xas long as short
Nado SKHY-PERP−0.0056%1h188.93+0.190%$33K$28K10xas long as short
Coinbase International SKHY-PERP-INTX−0.0024%1h188.72+0.078%$46K$882K10xas long as short
QFEX SKHY-USD−0.0014%1h188.88+0.163%$1.2M$4.1M10xas long as short
Lighter SKHY−0.0008%1h188.81+0.126%$1.0M$741K10xas long as short
tradeXYZ xyz:SKHY−0.0003%1h188.87+0.158%$158.4M$70.6M10xas long as short
Aster SKHYUSDT0.0000%8h188.94+0.196%$243K$897K50xas long as short
Extended SKHY-USD0.0000%1h188.87+0.159%$55K$7K10xas long as short
Show all 31 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Binance SKHYUSDT0.0000%8h188.88+0.165%$200.0M$416.2M50xas long as short
Bybit SKHYUSDT0.0000%8h188.95+0.200%$15.5M$29.4M100xas long as short
OKX SKHY-USDT-SWAP0.0000%8h188.91+0.179%$45.0M$74.4M50xas long as short
Gate SKHY_USDT0.0000%8h188.89+0.168%$25.2M$20.1M75xas long as short
Variational Omni SKHY0.0000%8h188.80+0.122%$1.6M$986Kas long as short
GRVT SKHY_USDT_Perp0.0000%8h188.82+0.131%$22K$218K10xas long as short
SunX SKHY-USDT0.0000%8h189.16+0.312%$692$6.2M10xas long as short
HTX SKHY-USDT0.0000%8h188.78+0.110%$156K$368K50xas long as short
Phemex SKHYUSDT0.0000%8h188.79+0.115%$1.5M$1.1M10xas long as short
Polymarket Perps SKHY-USD+0.0027%1h188.73+0.084%$190K$480K10xas long as short
Lighter RH SKHY+0.0032%1h188.81+0.126%$1.0M$1.5M10xas long as short
Arcus SKHY-USD+0.0040%1h188.82+0.131%$58K$164K10xas long as short
Vest SKHY-USD-PERP+0.0046%1h188.84+0.142%$12K10xas long as short
Popdex SKHYUSDT+0.0048%1h188.94+0.195%$199K$259K20xas long as short
SoDEX SKHY-USD+0.0050%1h188.77+0.105%$42K$13K10xas long as short
Ondo Perps SKHY-USD.P+0.0050%1h188.57−0.001%$525K$2.6M10xas long as short
KuCoin SKHYUSDTMshort+0.0100%8h188.85+0.147%$1.1M$315K20x
Orderly PERP_SKHY_USDC_mythos+0.0100%8h188.80+0.121%$2K$4K10xas long as short
BloFin SKHY-USDT+0.0120%8h188.62+0.025%$2.2M$440K50xas long as short
Phoenix SKHY+0.0254%1h189.30+0.386%$212K$124K10xas long as short
Kraken Futures PF_SKHYUSD+0.0259%1h188.79+0.116%$48K$19K20xas long as short