Funding arb · Price arb /

SKHY

RWAall SKHY markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0721%/8h= +79.0% APRpaid last 24h +0.114%

Price spread now: tradeXYZ against edgeX−0.183%7-day average −0.023% · you buy dearer than you sell

Net, funding: paid 7d − costs−$95as in the Funding arb table

Net, price: spread back to 7d avg − costs−$48as in the Price arb table

costs, in and out, $10k−$320.316% of the position

Long on edgeX Short on tradeXYZ

What this pair did over the last

the charts below follow

Funding, last 7 days−0.634%−$63 on $10k

Price spread, last 4 days (all we have)−0.088%−$9 · spread now −0.183%, 7d avg −0.023%

Together, before fees−0.722%+ Points / potential airdropedgeX: Active · tradeXYZ: Active · farm board−$72 on $10k · with fees, hour by hour

Funding pays, the price is against you. tradeXYZ is 0.161% cheaper against edgeX than usual: you would sell low and buy high (spread −0.183% now, against its 7-day average of −0.023%). If the spread goes back, that is −$16 on $10k: about 18 hours of funding at the current rate (+$22 a day). Mind the row above: over the last 7 days funding on this pair cost −0.634%, 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	192.99	−0.0671	get 0.0336% / 4h	7m 23s	$582K	$290K	10x
Short	tradeXYZ xyz:SKHY	192.64	0.0050	get 0.0006% / 1h	7m 23s	$161.1M	$67.8M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

tradeXYZ 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 tradeXYZbpOrdersPrice spread, now −0.183%Rate

Funding earned: $151.46
Price spread: −0.183% → −0.023%: −$16.07
Slippage, 4 orders: −$4.59
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee tradeXYZ: 9 bp × 2 orders: −$18
Net: $103.8
Costs to cover: 0.316%
Break-even: 2.2 days

Slippage from edgeX: live order book, 51 min ago; tradeXYZ: live order book, 11 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, 51 min ago	1.29 bp	6.2 bp −$6	11.8 bp −$118	doesn't fit	doesn't fit
Sell tradeXYZ live order book, 11 min ago	0.26 bp	9.3 bp −$9	11.1 bp −$111	doesn't fit	doesn't fit

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	−0.0671%	4h	192.99	long leg	$582K	$290K	10x
Coinbase International SKHY-PERP-INTX	−0.0048%	1h	192.84	−0.080%	$45K	$861K	10x	as long as short
Aster SKHYUSDT	0.0000%	8h	192.74	−0.133%	$248K	$889K	50x	as long as short
Extended SKHY-USD	0.0000%	1h	192.69	−0.158%	$56K	$7K	10x	as long as short
Binance SKHYUSDT	0.0000%	8h	192.70	−0.153%	$203.4M	$394.6M	50x	as long as short
Bybit SKHYUSDT	0.0000%	8h	192.71	−0.147%	$15.7M	$27.7M	100x	as long as short
OKX SKHY-USDT-SWAP	0.0000%	8h	192.75	−0.126%	$46.7M	$70.0M	50x	as long as short
Gate SKHY_USDT	0.0000%	8h	192.67	−0.168%	$25.8M	$19.0M	75x	as long as short
Variational Omni SKHY	0.0000%	8h	192.95	−0.023%	$1.6M	$1.1M	—	as long as short
GRVT SKHY_USDT_Perp	0.0000%	8h	193.07	+0.039%	$22K	$206K	10x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX SKHY-USDT	0.0000%	8h	193.14	+0.076%	$707	$6.2M	10x	as long as short
HTX SKHY-USDT	0.0000%	8h	192.81	−0.095%	$161K	$369K	50x	as long as short
Phemex SKHYUSDT	0.0000%	8h	192.86	−0.069%	$1.5M	$1.1M	10x	as long as short
QFEX SKHY-USD	+0.0015%	1h	192.73	−0.137%	$1.2M	$3.9M	10x	as long as short
Lighter SKHY	+0.0032%	1h	192.67	−0.168%	$1.0M	$704K	10x	as long as short
Lighter RH SKHY	+0.0032%	1h	192.66	−0.173%	$1.1M	$1.6M	10x	as long as short
Arcus SKHY-USD	+0.0040%	1h	192.94	−0.028%	$60K	$161K	10x	as long as short
Vest SKHY-USD-PERP	+0.0046%	1h	192.76	−0.121%	—	$12K	10x	as long as short
Popdex SKHYUSDT	+0.0048%	1h	192.73	−0.137%	$202K	$256K	20x	as long as short
tradeXYZ xyz:SKHYshort	+0.0050%	1h	192.64	−0.183%	$161.1M	$67.8M	10x
Polymarket Perps SKHY-USD	+0.0050%	1h	192.66	−0.173%	$188K	$456K	10x	as long as short
SoDEX SKHY-USD	+0.0050%	1h	192.85	−0.075%	$43K	$13K	10x	as long as short
Ondo Perps SKHY-USD.P	+0.0050%	1h	192.78	−0.111%	$577K	$2.4M	10x	as long as short
Deribit SKHY_USDC-PERPETUAL	+0.0061%	1h	192.85	−0.075%	$49K	$322K	10x	as long as short
KuCoin SKHYUSDTM	+0.0100%	8h	192.76	−0.121%	$1.1M	$318K	20x	as long as short
Orderly PERP_SKHY_USDC_mythos	+0.0100%	8h	192.71	−0.147%	$2K	$4K	10x	as long as short
BloFin SKHY-USDT	+0.0120%	8h	193.06	+0.034%	$2.3M	$438K	50x	as long as short
Bitget SKHYUSDT	+0.0121%	8h	192.84	−0.080%	$25.2M	$26.9M	20x	as long as short
Nado SKHY-PERP	+0.0148%	1h	192.81	−0.093%	$38K	$26K	10x	as long as short
Phoenix SKHY	+0.0372%	1h	193.19	+0.102%	$216K	$124K	10x	as long as short
Kraken Futures PF_SKHYUSD	+0.1059%	1h	192.84	−0.077%	$49K	$19K	20x	as long as short