Funding arb · Price arb /

SKHY

RWAall SKHY markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0857%/8h= +93.8% APRpaid last 24h +0.022%

Price spread now: QFEX against edgeX−0.058%7-day average −0.007% · you buy dearer than you sell

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

Net, price: spread back to 7d avg − costs−$30as in the Price arb table

costs, in and out, $10k−$250.249% of the position

Long on edgeX Short on QFEX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.465%−$47 on $10k

Price spread, last 4 days (all we have)−0.781%−$78 · spread now −0.058%, 7d avg −0.007%

Together, before fees−1.246%+ Points / potential airdropedgeX: Active · farm board−$125 on $10k · with fees, hour by hour

Funding pays, the price is against you. QFEX is 0.051% cheaper against edgeX than usual: you would sell low and buy high (spread −0.058% now, against its 7-day average of −0.007%). If the spread goes back, that is −$5 on $10k: about 5 hours of funding at the current rate (+$26 a day). Mind the row above: over the last 3 days funding on this pair cost −0.465%, 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	192.53	−0.0856	get 0.0428% / 4h	2h 19m	$580K	$290K	10x
Short	QFEX SKHY-USD	192.42	0.0002	get 0.0000% / 1h	19m 07s	$1.2M	$4.4M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

QFEX 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 QFEXbpOrdersPrice spread, now −0.058%Rate

Funding earned: $179.98
Price spread: −0.058% → −0.007%: −$5.08
Slippage, 4 orders: −$5.91
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee QFEX: 5 bp × 2 orders: −$10
Net: $149.99
Costs to cover: 0.249%
Break-even: 1.2 days

Slippage from edgeX: live order book, 50 min ago; QFEX: live order book, 4 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, 50 min ago	1.03 bp	6.0 bp −$6	11.0 bp −$110	doesn't fit	doesn't fit
Sell QFEX live order book, 4 min ago	1.56 bp	6.6 bp −$7	8.6 bp −$86	doesn't fit	doesn't fit

SKHY on 30 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	−0.0856%	4h	192.53	long leg	$580K	$290K	10x
Coinbase International SKHY-PERP-INTX	−0.0072%	1h	192.90	+0.191%	$45K	$874K	10x	as long as short
Aster SKHYUSDT	0.0000%	8h	192.37	−0.085%	$247K	$890K	50x	as long as short
Extended SKHY-USD	0.0000%	1h	192.32	−0.109%	$56K	$7K	10x	as long as short
Binance SKHYUSDT	0.0000%	8h	192.42	−0.059%	$209.0M	$386.1M	50x	as long as short
Bybit SKHYUSDT	0.0000%	8h	192.42	−0.058%	$15.6M	$27.3M	100x	as long as short
OKX SKHY-USDT-SWAP	0.0000%	8h	192.44	−0.048%	$46.6M	$69.1M	50x	as long as short
Gate SKHY_USDT	0.0000%	8h	192.40	−0.069%	$25.7M	$18.9M	75x	as long as short
Variational Omni SKHY	0.0000%	8h	192.52	−0.007%	$1.6M	$2.0M	—	as long as short
GRVT SKHY_USDT_Perp	0.0000%	8h	192.90	+0.193%	$22K	$193K	10x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX SKHY-USDT	0.0000%	8h	192.75	+0.113%	$705	$6.5M	10x	as long as short
Deribit SKHY_USDC-PERPETUAL	0.0000%	1h	192.35	−0.095%	$48K	$272K	10x	as long as short
HTX SKHY-USDT	0.0000%	8h	192.34	−0.100%	$160K	$376K	50x	as long as short
Phemex SKHYUSDT	0.0000%	8h	192.47	−0.032%	$1.5M	$1.1M	10x	as long as short
QFEX SKHY-USDshort	+0.0002%	1h	192.42	−0.058%	$1.2M	$4.4M	10x
Nado SKHY-PERP	+0.0029%	1h	192.45	−0.042%	$38K	$26K	10x	as long as short
Lighter SKHY	+0.0032%	1h	192.29	−0.126%	$1.0M	$687K	10x	as long as short
Lighter RH SKHY	+0.0032%	1h	192.33	−0.105%	$1.1M	$1.5M	10x	as long as short
Arcus SKHY-USD	+0.0040%	1h	192.61	+0.040%	$57K	$155K	10x	as long as short
Vest SKHY-USD-PERP	+0.0046%	1h	192.41	−0.063%	—	$12K	10x	as long as short
Popdex SKHYUSDT	+0.0048%	1h	192.45	−0.043%	$197K	$256K	20x	as long as short
tradeXYZ xyz:SKHY	+0.0050%	1h	192.34	−0.100%	$161.9M	$66.3M	10x	as long as short
Polymarket Perps SKHY-USD	+0.0050%	1h	192.33	−0.105%	$188K	$456K	10x	as long as short
SoDEX SKHY-USD	+0.0050%	1h	192.39	−0.074%	$43K	$13K	10x	as long as short
Ondo Perps SKHY-USD.P	+0.0050%	1h	192.85	+0.165%	$532K	$1.9M	10x	as long as short
KuCoin SKHYUSDTM	+0.0100%	8h	192.41	−0.063%	$1.1M	$283K	20x	as long as short
Orderly PERP_SKHY_USDC_mythos	+0.0100%	8h	192.40	−0.069%	$2K	$4K	10x	as long as short
Bitget SKHYUSDT	+0.0282%	8h	192.42	−0.058%	$25.5M	$26.3M	20x	as long as short
Phoenix SKHY	+0.0331%	1h	192.70	+0.087%	$216K	$123K	10x	as long as short
Kraken Futures PF_SKHYUSD	+0.0708%	1h	192.49	−0.022%	$51K	$17K	20x	as long as short