Funding arb · Price arb /

SKHY

RWAall SKHY markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Variational Omni against Gate−0.334%7-day average +0.030% · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Gate Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.025%+$3 on $10k

Price spread, last 7 days+0.361%+$36 · spread now −0.334%, 7d avg +0.030%

Together, before fees+0.386%+ Points / potential airdropVariational Omni: Active · farm board+$39 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Variational Omni is 0.364% cheaper against Gate than usual: you would sell low and buy high, −$36 on $10k if it goes back to its 7-day average of +0.030%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate SKHY_USDT	187.28	0	get 0.0000% / 8h	2h 12m	$25.3M	$20.8M	75x
Short	Variational Omni SKHY	186.65	0	get 0.0000% / 8h	2h 12m	$1.6M	$1.0M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against Gate. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 Variational OmnibpOrdersPrice spread, now −0.334%Rate

Funding earned: $0
Price spread: −0.334% → +0.030%: −$36.37
Slippage, 4 orders: no order book: not counted
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$51.37
Costs to cover: 0.150%
Break-even: never at this rate

Slippage unknown: Gate: live order book, 1 min ago; Variational Omni: RFQ quote, 1 min ago. 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 Gate live order book, 1 min ago	1.34 bp	14.8 bp −$15	24.1 bp −$241	33.8 bp −$3,384	56.4 bp −$28.2K
Sell Variational Omni RFQ quote, 1 min ago	2.24 bp	doesn't fit	4.2 bp −$42	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
Bitget SKHYUSDT	−0.1221%	8h	187.41	+0.069%	$24.9M	$31.1M	20x	as long as short
edgeX SKHYUSDC	−0.0609%	4h	186.71	−0.302%	$563K	$292K	10x	as long as short
Deribit SKHY_USDC-PERPETUAL	−0.0391%	1h	187.15	−0.069%	$48K	$335K	10x	as long as short
Nado SKHY-PERP	−0.0140%	1h	187.38	+0.054%	$33K	$28K	10x	as long as short
tradeXYZ xyz:SKHY	−0.0116%	1h	187.13	−0.080%	$158.8M	$74.1M	10x	as long as short
Polymarket Perps SKHY-USD	−0.0091%	1h	187.12	−0.085%	$181K	$487K	10x	as long as short
Coinbase International SKHY-PERP-INTX	−0.0024%	1h	187.11	−0.091%	$58K	$893K	10x	as long as short
QFEX SKHY-USD	−0.0014%	1h	187.20	−0.043%	$1.2M	$4.1M	10x	as long as short
Lighter SKHY	−0.0008%	1h	187.07	−0.112%	$910K	$1.0M	10x	as long as short
Ondo Perps SKHY-USD.P	−0.0005%	1h	186.83	−0.240%	$515K	$2.6M	10x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster SKHYUSDT	0.0000%	8h	187.23	−0.024%	$228K	$915K	50x	as long as short
Extended SKHY-USD	0.0000%	1h	187.14	−0.074%	$54K	$7K	10x	as long as short
Binance SKHYUSDT	0.0000%	8h	187.23	−0.029%	$200.4M	$432.4M	50x	as long as short
Bybit SKHYUSDT	0.0000%	8h	187.34	+0.032%	$15.8M	$30.2M	100x	as long as short
OKX SKHY-USDT-SWAP	0.0000%	8h	187.31	+0.016%	$44.6M	$76.9M	50x	as long as short
Gate SKHY_USDTlong	0.0000%	8h	187.28	long leg	$25.3M	$20.8M	75x
Variational Omni SKHYshort	0.0000%	8h	186.65	−0.334%	$1.6M	$1.0M	—
GRVT SKHY_USDT_Perp	0.0000%	8h	186.93	−0.187%	$22K	$223K	10x	as long as short
SunX SKHY-USDT	0.0000%	8h	187.37	+0.048%	$686	$6.2M	10x	as long as short
HTX SKHY-USDT	0.0000%	8h	186.98	−0.160%	$155K	$371K	50x	as long as short
Phemex SKHYUSDT	0.0000%	8h	187.07	−0.112%	$1.5M	$1.1M	10x	as long as short
Lighter RH SKHY	+0.0032%	1h	186.98	−0.160%	$1.0M	$1.6M	10x	as long as short
Popdex SKHYUSDT	+0.0040%	1h	187.20	−0.043%	$195K	$273K	20x	as long as short
Arcus SKHY-USD	+0.0040%	1h	186.92	−0.192%	$58K	$164K	10x	as long as short
Vest SKHY-USD-PERP	+0.0046%	1h	187.18	−0.053%	—	$12K	10x	as long as short
SoDEX SKHY-USD	+0.0050%	1h	187.03	−0.133%	$41K	$13K	10x	as long as short
KuCoin SKHYUSDTM	+0.0100%	8h	187.06	−0.117%	$1.1M	$321K	20x	as long as short
Orderly PERP_SKHY_USDC_mythos	+0.0100%	8h	187.08	−0.107%	$2K	$4K	10x	as long as short
BloFin SKHY-USDT	+0.0120%	8h	187.06	−0.117%	$2.1M	$414K	50x	as long as short
Phoenix SKHY	+0.0254%	1h	187.27	−0.005%	$210K	$124K	10x	as long as short
Kraken Futures PF_SKHYUSD	+0.0261%	1h	187.25	−0.017%	$47K	$19K	20x	as long as short