Funding arb · Price arb /

SKHY

RWAall SKHY markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0088%/8h= +9.6% APRpaid last 24h +0.029%

Price spread now: Coinbase International against Gate−1.039%7-day average +0.133% · you buy dearer than you sell

Net, funding: paid 7d − costs−$70as in the Funding arb table

Net, price: spread back to 7d avg − costs−$178as in the Price arb table

costs, in and out, $10k−$600.605% of the position

Long on Gate Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days−0.092%−$9 on $10k

Price spread, last 3 days (all we have)+1.080%+$108 · spread now −1.039%, 7d avg +0.133%

Together, before fees+0.988%+$99 on $10k · with fees, hour by hour

Funding pays, the price is against you. Coinbase International is 1.172% cheaper against Gate than usual: you would sell low and buy high (spread −1.039% now, against its 7-day average of +0.133%). If the spread goes back, that is −$117 on $10k: about 44 days of funding at the current rate (+$3 a day). Mind the row above: over the last 7 days funding on this pair cost −0.092%, 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	Gate SKHY_USDT	192.51	0	get 0.0000% / 8h	7h 54m	$26.4M	$17.2M	75x
Short	Coinbase International SKHY-PERP-INTX	190.51	0.0088	get 0.0011% / 1h	54m 53s	$171K	$682K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against Gate. 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 GatebpFee Coinbase InternationalbpOrdersPrice spread, now −1.039%Rate

Funding earned: $18.48
Price spread: −1.039% → +0.133%: −$117.23
Slippage, 4 orders: −$35.45
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$159.21
Costs to cover: 0.605%
Break-even: 67.3 days

Slippage from Gate: live order book, 4 min ago; Coinbase International: live order book, 18 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 Gate live order book, 4 min ago	1.57 bp	13.9 bp −$14	22.6 bp −$226	27.1 bp −$2,714	53.4 bp −$26.7K
Sell Coinbase International live order book, 18 min ago	8.98 bp	14.0 bp −$14	16.3 bp −$163	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 SKHYUSDC	−0.0531%	4h	191.41	−0.570%	$577K	$289K	10x	as long as short
Nado SKHY-PERP	−0.0074%	1h	192.54	+0.014%	$29K	$2K	10x	as long as short
Deribit SKHY_USDC-PERPETUAL	−0.0010%	1h	192.44	−0.036%	$46K	$259K	10x	as long as short
Aster SKHYUSDT	0.0000%	8h	192.40	−0.060%	$255K	$905K	50x	as long as short
Extended SKHY-USD	0.0000%	1h	192.46	−0.025%	$56K	$6K	10x	as long as short
Binance SKHYUSDT	0.0000%	8h	192.52	+0.004%	$213.5M	$383.4M	50x	as long as short
OKX SKHY-USDT-SWAP	0.0000%	8h	192.49	−0.010%	$47.7M	$63.6M	50x	as long as short
Gate SKHY_USDTlong	0.0000%	8h	192.51	long leg	$26.4M	$17.2M	75x
Bitget SKHYUSDT	0.0000%	8h	192.38	−0.068%	$25.4M	$26.2M	20x	as long as short
Variational Omni SKHY	0.0000%	8h	191.76	−0.390%	$1.6M	$2.4M	—	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	192.65	+0.073%	$705	$7.1M	10x	as long as short
HTX SKHY-USDT	0.0000%	8h	192.37	−0.073%	$158K	$396K	50x	as long as short
Phemex SKHYUSDT	0.0000%	8h	192.32	−0.099%	$1.5M	$1.1M	10x	as long as short
QFEX SKHY-USD	+0.0005%	1h	192.45	−0.031%	$1.2M	$5.3M	10x	as long as short
KuCoin SKHYUSDTM	+0.0027%	8h	192.24	−0.140%	$1.1M	$271K	20x	as long as short
Lighter SKHY	+0.0032%	1h	192.42	−0.047%	$1.0M	$613K	10x	as long as short
Lighter RH SKHY	+0.0032%	1h	192.39	−0.062%	$1.1M	$1.4M	10x	as long as short
Arcus SKHY-USD	+0.0040%	1h	191.43	−0.561%	$56K	$154K	10x	as long as short
Vest SKHY-USD-PERP	+0.0046%	1h	192.38	−0.068%	—	$13K	10x	as long as short
Popdex SKHYUSDT	+0.0048%	1h	192.41	−0.052%	$201K	$240K	20x	as long as short
Ondo Perps SKHY-USD.P	+0.0050%	1h	192.24	−0.140%	$577K	$1.3M	10x	as long as short
Bybit SKHYUSDT	+0.0069%	8h	192.56	+0.026%	$15.8M	$27.3M	100x	as long as short
Coinbase International SKHY-PERP-INTXshort	+0.0088%	1h	190.51	−1.039%	$171K	$682K	10x
Orderly PERP_SKHY_USDC_mythos	+0.0100%	8h	192.37	−0.073%	$2K	$4K	10x	as long as short
BloFin SKHY-USDT	+0.0120%	8h	192.45	−0.031%	$2.3M	$428K	50x	as long as short
GRVT SKHY_USDT_Perp	+0.0176%	8h	191.64	−0.453%	$23K	$202K	10x	as long as short
Phoenix SKHY	+0.0380%	1h	191.61	−0.468%	$216K	$120K	10x	as long as short
Kraken Futures PF_SKHYUSD	+0.0711%	1h	192.58	+0.038%	$51K	$24K	20x	as long as short
Polymarket Perps SKHY-USD	+0.1153%	1h	191.56	−0.493%	$192K	$394K	10x	as long as short
SoDEX SKHY-USD	+0.1432%	1h	192.06	−0.234%	$42K	$13K	10x	as long as short
tradeXYZ xyz:SKHY	+0.1710%	1h	191.81	−0.364%	$165.8M	$63.9M	10x	as long as short