Funding arb · Price arb /

SKHY

RWAall SKHY markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0003%/8h= −0.3% APRpaid last 24h +0.014%

Price spread now: Ondo Perps against GRVT+0.047%7-day average −0.033% · you sell dearer than you buy

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

Long on GRVT Short on Ondo Perps

What this pair did over the last

the charts below follow

Funding, last 7 days+0.067%+$7 on $10k

Price spread, last 3 days (all we have)−0.179%−$18 · spread now +0.047%, 7d avg −0.033%

Together, before fees−0.112%+ Points / potential airdropGRVT: Active · Ondo Perps: Active · farm board−$11 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: Ondo Perps is 0.080% dearer against GRVT than usual: you sell high and buy low, +$8 on $10k if it goes back to its 7-day average of −0.033%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GRVT SKHY_USDT_Perp	192.35	0.0053	pay 0.0053% / 8h	7h 50m	$22K	$202K	10x
Short	Ondo Perps SKHY-USD.P	192.44	0.0050	get 0.0006% / 1h	50m 59s	$536K	$1.4M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Ondo Perps 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 Ondo PerpsbpOrdersPrice spread, now +0.047%Rate

Funding earned: −$0.55
Price spread: +0.047% → −0.033%: $7.95
Slippage, 4 orders: no order book: not counted
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Net: −$6.6
Costs to cover: 0.140%
Break-even: never at this rate

Slippage unknown: GRVT: live order book, 21 min ago; Ondo Perps: 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, 21 min ago	1.05 bp	6.8 bp −$7	10.3 bp −$103	doesn't fit	doesn't fit
Sell Ondo Perps no order-book sample	—	—	—	—	—

Ondo Perps: 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	−0.0915%	4h	192.39	+0.023%	$580K	$289K	10x	as long as short
Nado SKHY-PERP	−0.0118%	1h	192.44	+0.047%	$29K	$2K	10x	as long as short
Aster SKHYUSDT	0.0000%	8h	192.16	−0.100%	$255K	$905K	50x	as long as short
Extended SKHY-USD	0.0000%	1h	192.30	−0.027%	$56K	$6K	10x	as long as short
Binance SKHYUSDT	0.0000%	8h	192.21	−0.073%	$213.0M	$383.5M	50x	as long as short
Bybit SKHYUSDT	0.0000%	8h	192.25	−0.052%	$15.8M	$27.4M	100x	as long as short
OKX SKHY-USDT-SWAP	0.0000%	8h	192.26	−0.047%	$47.7M	$63.5M	50x	as long as short
Gate SKHY_USDT	0.0000%	8h	192.25	−0.052%	$26.4M	$17.3M	75x	as long as short
Bitget SKHYUSDT	0.0000%	8h	192.23	−0.062%	$25.4M	$26.3M	20x	as long as short
Variational Omni SKHY	0.0000%	8h	192.48	+0.065%	$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	192.72	+0.192%	$705	$7.1M	10x	as long as short
Deribit SKHY_USDC-PERPETUAL	0.0000%	1h	192.33	−0.010%	$46K	$259K	10x	as long as short
HTX SKHY-USDT	0.0000%	8h	192.46	+0.057%	$159K	$393K	50x	as long as short
Phemex SKHYUSDT	0.0000%	8h	192.32	−0.016%	$1.5M	$1.1M	10x	as long as short
QFEX SKHY-USD	+0.0005%	1h	192.24	−0.057%	$1.2M	$5.3M	10x	as long as short
KuCoin SKHYUSDTM	+0.0031%	8h	192.18	−0.088%	$1.1M	$272K	20x	as long as short
Lighter SKHY	+0.0032%	1h	192.27	−0.042%	$1.0M	$618K	10x	as long as short
Lighter RH SKHY	+0.0032%	1h	192.19	−0.083%	$1.1M	$1.5M	10x	as long as short
Arcus SKHY-USD	+0.0040%	1h	192.19	−0.083%	$57K	$154K	10x	as long as short
Vest SKHY-USD-PERP	+0.0046%	1h	192.40	+0.026%	—	$13K	10x	as long as short
Popdex SKHYUSDT	+0.0048%	1h	192.41	+0.031%	$196K	$257K	20x	as long as short
Ondo Perps SKHY-USD.Pshort	+0.0050%	1h	192.44	+0.047%	$536K	$1.4M	10x
GRVT SKHY_USDT_Perplong	+0.0053%	8h	192.35	long leg	$22K	$202K	10x
Coinbase International SKHY-PERP-INTX	+0.0088%	1h	190.51	−0.957%	$171K	$682K	10x	as long as short
Orderly PERP_SKHY_USDC_mythos	+0.0100%	8h	192.32	−0.016%	$2K	$4K	10x	as long as short
BloFin SKHY-USDT	+0.0120%	8h	192.33	−0.010%	$2.2M	$427K	50x	as long as short
Phoenix SKHY	+0.0335%	1h	192.45	+0.052%	$217K	$120K	10x	as long as short
Kraken Futures PF_SKHYUSD	+0.0711%	1h	192.45	+0.050%	$51K	$25K	20x	as long as short
Polymarket Perps SKHY-USD	+0.0788%	1h	192.34	−0.005%	$192K	$389K	10x	as long as short
tradeXYZ xyz:SKHY	+0.0874%	1h	192.23	−0.062%	$166.3M	$64.3M	10x	as long as short
SoDEX SKHY-USD	+0.1183%	1h	192.34	−0.005%	$43K	$13K	10x	as long as short