Funding arb · Price arb /

SKHY

RWAall SKHY markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0033%/8h= +3.7% APRpaid last 24h −0.025%

Price spread now: Nado against GRVT−0.081%7-day average — · you buy dearer than you sell

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

Long on GRVT Short on Nado

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 airdropGRVT: Active · Nado: Active · farm boardneeds both histories

Funding pays, the price is against you. Nado is 0.081% cheaper against GRVT than usual: you would sell low and buy high (spread −0.081% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$8 on $10k: about 8.1 days of funding at the current rate (+$1 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GRVT SKHY_USDT_Perp	189.69	0	get 0.0000% / 8h	3h 19m	$22K	$216K	10x
Short	Nado SKHY-PERP	189.53	0.0033	get 0.0004% / 1h	19m 13s	$33K	$28K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado 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 NadobpOrdersPrice spread, now −0.081%Rate

Funding earned: $7.02
Price spread: −0.081% → 0.000%: −$8.14
Slippage, 4 orders: no order book: not counted
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee Nado: 3.5 bp × 2 orders: −$7
Net: −$17.11
Costs to cover: 0.160%
Break-even: 24.1 days

Slippage unknown: GRVT: live order book, 33 min ago; Nado: 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 GRVT live order book, 33 min ago	1.04 bp	5.5 bp −$6	7.4 bp −$74	doesn't fit	doesn't fit
Sell Nado no order-book sample	—	—	—	—	—

Nado: 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
edgeX SKHYUSDC	−0.0627%	4h	189.69	+0.003%	$572K	$291K	10x	as long as short
Coinbase International SKHY-PERP-INTX	−0.0104%	1h	189.86	+0.092%	$36K	$876K	10x	as long as short
tradeXYZ xyz:SKHY	−0.0018%	1h	189.41	−0.145%	$158.7M	$69.7M	10x	as long as short
Aster SKHYUSDT	0.0000%	8h	189.52	−0.087%	$245K	$894K	50x	as long as short
Extended SKHY-USD	0.0000%	1h	189.41	−0.145%	$55K	$7K	10x	as long as short
Binance SKHYUSDT	0.0000%	8h	189.46	−0.119%	$199.8M	$408.9M	50x	as long as short
Bybit SKHYUSDT	0.0000%	8h	189.48	−0.109%	$15.4M	$28.8M	100x	as long as short
OKX SKHY-USDT-SWAP	0.0000%	8h	189.45	−0.124%	$44.9M	$73.4M	50x	as long as short
Gate SKHY_USDT	0.0000%	8h	189.42	−0.140%	$25.3M	$19.8M	75x	as long as short
Bitget SKHYUSDT	0.0000%	8h	189.51	−0.093%	$24.2M	$29.1M	20x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni SKHY	0.0000%	8h	189.71	+0.014%	$1.6M	$1.1M	—	as long as short
GRVT SKHY_USDT_Perplong	0.0000%	8h	189.69	long leg	$22K	$216K	10x
SunX SKHY-USDT	0.0000%	8h	189.76	+0.039%	$695	$6.2M	10x	as long as short
Deribit SKHY_USDC-PERPETUAL	0.0000%	1h	189.47	−0.114%	$48K	$328K	10x	as long as short
HTX SKHY-USDT	0.0000%	8h	189.40	−0.151%	$158K	$369K	50x	as long as short
Phemex SKHYUSDT	0.0000%	8h	189.45	−0.124%	$1.5M	$1.1M	10x	as long as short
QFEX SKHY-USD	+0.0011%	1h	189.47	−0.114%	$1.2M	$4.1M	10x	as long as short
Lighter SKHY	+0.0024%	1h	189.27	−0.219%	$998K	$717K	10x	as long as short
Lighter RH SKHY	+0.0032%	1h	189.36	−0.172%	$1.0M	$1.5M	10x	as long as short
Nado SKHY-PERPshort	+0.0033%	1h	189.53	−0.081%	$33K	$28K	10x
Arcus SKHY-USD	+0.0040%	1h	189.56	−0.066%	$58K	$164K	10x	as long as short
Vest SKHY-USD-PERP	+0.0046%	1h	189.53	−0.082%	—	$12K	10x	as long as short
Popdex SKHYUSDT	+0.0048%	1h	189.51	−0.093%	$200K	$257K	20x	as long as short
Polymarket Perps SKHY-USD	+0.0050%	1h	189.38	−0.161%	$183K	$470K	10x	as long as short
SoDEX SKHY-USD	+0.0050%	1h	189.43	−0.135%	$42K	$13K	10x	as long as short
Ondo Perps SKHY-USD.P	+0.0050%	1h	189.62	−0.035%	$528K	$2.6M	10x	as long as short
KuCoin SKHYUSDTM	+0.0100%	8h	189.52	−0.087%	$1.1M	$315K	20x	as long as short
Orderly PERP_SKHY_USDC_mythos	+0.0100%	8h	189.46	−0.119%	$2K	$4K	10x	as long as short
BloFin SKHY-USDT	+0.0120%	8h	189.45	−0.124%	$2.2M	$436K	50x	as long as short
Phoenix SKHY	+0.0375%	1h	189.58	−0.056%	$212K	$124K	10x	as long as short
Kraken Futures PF_SKHYUSD	+0.0691%	1h	189.53	−0.082%	$48K	$19K	20x	as long as short