Funding arb · Price arb /

SKHY

RWAall SKHY markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0355%/8h= +38.9% APRpaid last 24h +0.179%

Price spread now: SoDEX against edgeX−0.201%75s7-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 SoDEX

What this pair did over the last

the charts below follow

Funding, last 3 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. SoDEX is 0.201% cheaper against edgeX than usual: you would sell low and buy high (spread −0.201% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$20 on $10k: about 45 hours of funding at the current rate (+$11 a day). The two prices were read 75 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	186.80	−0.0305	get 0.0153% / 4h	2h 26m	$563K	$289K	10x
Short	SoDEX SKHY-USD	186.42	0.0050	get 0.0006% / 1h	26m 15s	$41K	$13K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SoDEX 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 SoDEXbpOrdersPrice spread, now −0.201%Rate

Funding earned: $74.58
Price spread: −0.201% → 0.000%: −$20.11
Slippage, 4 orders: no order book: not counted
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee SoDEX: 4 bp × 2 orders: −$8
Net: $37.47
Costs to cover: 0.170%
Break-even: 3.5 days

Slippage unknown: edgeX: live order book, 22 min ago; SoDEX: 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, 22 min ago	5.56 bp	11.0 bp −$11	15.1 bp −$151	doesn't fit	doesn't fit
Sell SoDEX no order-book sample	—	—	—	—	—

SoDEX: 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	−0.1060%	8h	186.74	−0.030%	$24.7M	$30.6M	20x	as long as short
edgeX SKHYUSDClong	−0.0305%	4h	186.80	long leg	$563K	$289K	10x
Deribit SKHY_USDC-PERPETUAL	−0.0179%	1h	186.53	−0.142%	$48K	$335K	10x	as long as short
Nado SKHY-PERP	−0.0108%	1h	186.52	−0.146%	$33K	$28K	10x	as long as short
tradeXYZ xyz:SKHY	−0.0083%	1h	186.51	−0.153%	$157.7M	$73.2M	10x	as long as short
Polymarket Perps SKHY-USD	−0.0064%	1h	186.36	−0.233%	$180K	$487K	10x	as long as short
Coinbase International SKHY-PERP-INTX	−0.0024%	1h	186.71	−0.046%	$47K	$875K	10x	as long as short
QFEX SKHY-USD	−0.0014%	1h	186.34	−0.244%	$1.2M	$4.1M	10x	as long as short
Lighter SKHY	0.0000%	1h	186.52	−0.148%	$914K	$970K	10x	as long as short
Aster SKHYUSDT	0.0000%	8h	186.52	−0.145%	$228K	$910K	50x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended SKHY-USD	0.0000%	1h	186.48	−0.168%	$54K	$7K	10x	as long as short
Binance SKHYUSDT	0.0000%	8h	186.47	−0.174%	$198.6M	$426.5M	50x	as long as short
Bybit SKHYUSDT	0.0000%	8h	186.58	−0.115%	$15.7M	$29.9M	100x	as long as short
OKX SKHY-USDT-SWAP	0.0000%	8h	186.53	−0.142%	$44.1M	$75.5M	50x	as long as short
Gate SKHY_USDT	0.0000%	8h	186.43	−0.196%	$25.1M	$20.5M	75x	as long as short
Variational Omni SKHY	0.0000%	8h	186.65	−0.080%	$1.6M	$1.0M	—	as long as short
GRVT SKHY_USDT_Perp	0.0000%	8h	186.54	−0.137%	$22K	$220K	10x	as long as short
SunX SKHY-USDT	0.0000%	8h	186.85	+0.029%	$684	$6.2M	10x	as long as short
HTX SKHY-USDT	0.0000%	8h	186.38	−0.223%	$155K	$371K	50x	as long as short
Phemex SKHYUSDT	0.0000%	8h	186.55	−0.131%	$1.5M	$1.1M	10x	as long as short
Ondo Perps SKHY-USD.P	+0.0025%	1h	186.07	−0.388%	$514K	$2.6M	10x	as long as short
Lighter RH SKHY	+0.0032%	1h	186.34	−0.244%	$1.0M	$1.6M	10x	as long as short
Arcus SKHY-USD	+0.0040%	1h	186.41	−0.206%	$58K	$164K	10x	as long as short
Vest SKHY-USD-PERP	+0.0046%	1h	186.45	−0.185%	—	$12K	10x	as long as short
Popdex SKHYUSDT	+0.0048%	1h	186.39	−0.217%	$193K	$272K	20x	as long as short
SoDEX SKHY-USDshort	+0.0050%	1h	186.42	−0.201%	$41K	$13K	10x
KuCoin SKHYUSDTM	+0.0100%	8h	186.52	−0.148%	$1.1M	$319K	20x	as long as short
Orderly PERP_SKHY_USDC_mythos	+0.0100%	8h	186.54	−0.137%	$2K	$4K	10x	as long as short
BloFin SKHY-USDT	+0.0120%	8h	186.29	−0.271%	$2.2M	$408K	50x	as long as short
Phoenix SKHY	+0.0254%	1h	187.06	+0.142%	$210K	$124K	10x	as long as short
Kraken Futures PF_SKHYUSD	+0.0262%	1h	186.60	−0.106%	$47K	$19K	20x	as long as short