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: Gate against GRVT−0.081%7-day average −0.045% · you buy dearer than you sell

Net, funding: paid 7d − costs−$41as in the Funding arb table

Net, price: spread back to 7d avg − costs−$43as in the Price arb table

costs, in and out, $10k−$390.392% of the position

Long on GRVT Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.017%−$2 on $10k

Price spread, last 4 days (all we have)−0.076%−$8 · spread now −0.081%, 7d avg −0.045%

Together, before fees−0.093%+ Points / potential airdropGRVT: Active · farm board−$9 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: Gate is 0.037% cheaper against GRVT than usual: you would sell low and buy high, −$4 on $10k if it goes back to its 7-day average of −0.045%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GRVT SKHY_USDT_Perp	186.62	0	get 0.0000% / 8h	1h 05m	$22K	$232K	10x
Short	Gate SKHY_USDT	186.47	0	get 0.0000% / 8h	1h 05m	$25.5M	$20.8M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against GRVT. 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 GRVTbpFee GatebpOrdersPrice spread, now −0.081%Rate

Funding earned: $0
Price spread: −0.081% → −0.045%: −$3.67
Slippage, 4 orders: −$15.2
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$42.88
Costs to cover: 0.392%
Break-even: never at this rate

Slippage from GRVT: live order book, 37 min ago; Gate: live order book, 3 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 GRVT live order book, 37 min ago	1.07 bp	6.1 bp −$6	10.8 bp −$108	doesn't fit	doesn't fit
Sell Gate live order book, 3 min ago	1.34 bp	12.6 bp −$13	29.8 bp −$298	51.8 bp −$5,176	84.1 bp −$42.1K

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	−0.1308%	8h	186.79	+0.090%	$25.3M	$32.5M	20x	as long as short
edgeX SKHYUSDC	−0.0666%	4h	186.61	−0.005%	$563K	$290K	10x	as long as short
Deribit SKHY_USDC-PERPETUAL	−0.0285%	1h	186.66	+0.020%	$49K	$345K	10x	as long as short
Popdex SKHYUSDT	−0.0224%	1h	186.46	−0.087%	$203K	$284K	20x	as long as short
tradeXYZ xyz:SKHY	−0.0206%	1h	186.41	−0.114%	$158.6M	$76.3M	10x	as long as short
Nado SKHY-PERP	−0.0204%	1h	186.71	+0.046%	$33K	$28K	10x	as long as short
Polymarket Perps SKHY-USD	−0.0177%	1h	186.38	−0.130%	$180K	$487K	10x	as long as short
Kraken Futures PF_SKHYUSD	−0.0139%	1h	186.72	+0.052%	$48K	$21K	20x	as long as short
Lighter SKHY	−0.0112%	1h	186.53	−0.049%	$978K	$1.2M	10x	as long as short
Coinbase International SKHY-PERP-INTX	−0.0104%	1h	187.58	+0.513%	$68K	$905K	10x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Ondo Perps SKHY-USD.P	−0.0083%	1h	186.41	−0.114%	$522K	$2.6M	10x	as long as short
QFEX SKHY-USD	−0.0049%	1h	186.47	−0.081%	$1.2M	$4.2M	10x	as long as short
Aster SKHYUSDT	0.0000%	8h	186.61	−0.005%	$224K	$925K	50x	as long as short
Extended SKHY-USD	0.0000%	1h	186.48	−0.074%	$54K	$7K	10x	as long as short
Binance SKHYUSDT	0.0000%	8h	186.42	−0.108%	$200.1M	$446.9M	50x	as long as short
Bybit SKHYUSDT	0.0000%	8h	186.48	−0.076%	$16.6M	$29.6M	100x	as long as short
OKX SKHY-USDT-SWAP	0.0000%	8h	186.45	−0.092%	$44.7M	$78.5M	50x	as long as short
Gate SKHY_USDTshort	0.0000%	8h	186.47	−0.081%	$25.5M	$20.8M	75x
Variational Omni SKHY	0.0000%	8h	186.54	−0.043%	$1.6M	$1.0M	—	as long as short
GRVT SKHY_USDT_Perplong	0.0000%	8h	186.62	long leg	$22K	$232K	10x
SunX SKHY-USDT	0.0000%	8h	186.86	+0.127%	$684	$6.1M	10x	as long as short
HTX SKHY-USDT	0.0000%	8h	186.50	−0.065%	$155K	$366K	50x	as long as short
Phemex SKHYUSDT	0.0000%	8h	186.60	−0.012%	$1.5M	$1.1M	10x	as long as short
KuCoin SKHYUSDTM	+0.0020%	8h	186.55	−0.039%	$1.1M	$325K	20x	as long as short
Lighter RH SKHY	+0.0032%	1h	186.47	−0.081%	$1.1M	$1.7M	10x	as long as short
Arcus SKHY-USD	+0.0040%	1h	186.55	−0.039%	$61K	$169K	10x	as long as short
Vest SKHY-USD-PERP	+0.0046%	1h	186.50	−0.065%	—	$30K	10x	as long as short
SoDEX SKHY-USD	+0.0050%	1h	186.55	−0.039%	$41K	$12K	10x	as long as short
Orderly PERP_SKHY_USDC_mythos	+0.0100%	8h	186.43	−0.103%	$2K	$4K	10x	as long as short
BloFin SKHY-USDT	+0.0120%	8h	186.68	+0.031%	$2.1M	$423K	50x	as long as short
Phoenix SKHY	+0.0213%	1h	186.82	+0.106%	$209K	$115K	10x	as long as short