Funding arb · Price arb /

SKHY

RWAall SKHY markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0621%/8h= +68.0% APRpaid last 24h +0.194%

Price spread now: Orderly against edgeX−0.123%71s7-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 Orderly

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

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. Orderly is 0.123% cheaper against edgeX than usual: you would sell low and buy high (spread −0.123% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$12 on $10k: about 16 hours of funding at the current rate (+$19 a day). The two prices were read 71 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	189.00	−0.0521	get 0.0261% / 4h	2h 48m	$570K	$290K	10x
Short	Orderly PERP_SKHY_USDC_mythos	188.77	0.0100	get 0.0100% / 8h	2h 48m	$2K	$4K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly 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 OrderlybpOrdersPrice spread, now −0.123%Rate

Funding earned: $130.48
Price spread: −0.123% → 0.000%: −$12.31
Slippage, 4 orders: no order book: not counted
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Orderly: 3 bp × 2 orders: −$6
Net: $103.17
Costs to cover: 0.150%
Break-even: 1.5 days

Slippage unknown: edgeX: live order book, 65 min ago; Orderly: 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, 65 min ago	1.04 bp	5.9 bp −$6	11.0 bp −$110	doesn't fit	doesn't fit
Sell Orderly no order-book sample	—	—	—	—	—

Orderly: 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
edgeX SKHYUSDClong	−0.0521%	4h	189.00	long leg	$570K	$290K	10x
Bitget SKHYUSDT	−0.0506%	8h	189.01	+0.004%	$24.4M	$29.7M	20x	as long as short
Deribit SKHY_USDC-PERPETUAL	−0.0332%	1h	188.78	−0.118%	$48K	$333K	10x	as long as short
Nado SKHY-PERP	−0.0050%	1h	189.02	+0.008%	$33K	$28K	10x	as long as short
Coinbase International SKHY-PERP-INTX	−0.0024%	1h	188.72	−0.150%	$46K	$882K	10x	as long as short
QFEX SKHY-USD	−0.0014%	1h	188.82	−0.097%	$1.2M	$4.1M	10x	as long as short
Lighter SKHY	−0.0008%	1h	188.69	−0.165%	$1.0M	$741K	10x	as long as short
tradeXYZ xyz:SKHY	−0.0007%	1h	188.80	−0.107%	$158.3M	$70.5M	10x	as long as short
Aster SKHYUSDT	0.0000%	8h	188.86	−0.075%	$243K	$897K	50x	as long as short
Extended SKHY-USD	0.0000%	1h	188.72	−0.150%	$55K	$7K	10x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance SKHYUSDT	0.0000%	8h	188.70	−0.159%	$199.8M	$416.0M	50x	as long as short
Bybit SKHYUSDT	0.0000%	8h	188.72	−0.150%	$15.5M	$29.4M	100x	as long as short
OKX SKHY-USDT-SWAP	0.0000%	8h	188.69	−0.165%	$44.9M	$74.4M	50x	as long as short
Gate SKHY_USDT	0.0000%	8h	188.76	−0.128%	$25.2M	$20.0M	75x	as long as short
Variational Omni SKHY	0.0000%	8h	189.17	+0.090%	$1.6M	$986K	—	as long as short
GRVT SKHY_USDT_Perp	0.0000%	8h	189.15	+0.080%	$22K	$218K	10x	as long as short
SunX SKHY-USDT	0.0000%	8h	189.13	+0.067%	$692	$6.2M	10x	as long as short
HTX SKHY-USDT	0.0000%	8h	188.75	−0.134%	$157K	$368K	50x	as long as short
Phemex SKHYUSDT	0.0000%	8h	188.71	−0.155%	$1.5M	$1.1M	10x	as long as short
Lighter RH SKHY	+0.0032%	1h	188.69	−0.165%	$1.0M	$1.5M	10x	as long as short
Polymarket Perps SKHY-USD	+0.0035%	1h	188.72	−0.150%	$190K	$480K	10x	as long as short
Arcus SKHY-USD	+0.0040%	1h	189.01	+0.004%	$58K	$164K	10x	as long as short
Vest SKHY-USD-PERP	+0.0046%	1h	188.95	−0.028%	—	$12K	10x	as long as short
Popdex SKHYUSDT	+0.0048%	1h	188.81	−0.102%	$199K	$259K	20x	as long as short
SoDEX SKHY-USD	+0.0050%	1h	188.75	−0.134%	$42K	$13K	10x	as long as short
Ondo Perps SKHY-USD.P	+0.0050%	1h	188.79	−0.113%	$527K	$2.6M	10x	as long as short
KuCoin SKHYUSDTM	+0.0100%	8h	188.96	−0.023%	$1.1M	$314K	20x	as long as short
Orderly PERP_SKHY_USDC_mythosshort	+0.0100%	8h	188.77	−0.123%	$2K	$4K	10x
BloFin SKHY-USDT	+0.0120%	8h	188.93	−0.038%	$2.2M	$441K	50x	as long as short
Phoenix SKHY	+0.0254%	1h	189.30	+0.157%	$212K	$124K	10x	as long as short
Kraken Futures PF_SKHYUSD	+0.0259%	1h	188.78	−0.116%	$48K	$19K	20x	as long as short