Funding arb · Price arb /

SKHY

RWAall SKHY markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0050%/8h= +5.5% APRpaid last 24h +0.015%

Price spread now: SoDEX against GRVT−0.282%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 SoDEX

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 · farm boardneeds both histories

Funding pays, the price is against you. SoDEX is 0.282% cheaper against GRVT than usual: you would sell low and buy high (spread −0.282% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$28 on $10k: about 19 days of funding at the current rate (+$2 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GRVT SKHY_USDT_Perp	189.15	0	get 0.0000% / 8h	2h 46m	$22K	$218K	10x
Short	SoDEX SKHY-USD	188.62	0.0050	get 0.0006% / 1h	46m 52s	$42K	$13K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SoDEX 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 SoDEXbpOrdersPrice spread, now −0.282%Rate

Funding earned: $10.5
Price spread: −0.282% → 0.000%: −$28.18
Slippage, 4 orders: no order book: not counted
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee SoDEX: 4 bp × 2 orders: −$8
Net: −$34.68
Costs to cover: 0.170%
Break-even: 30.1 days

Slippage unknown: GRVT: live order book, 1 min ago; SoDEX: 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, 1 min ago	1.59 bp	8.7 bp −$9	11.2 bp −$112	doesn't fit	doesn't fit
Sell SoDEX no order-book sample	—	—	—	—	—

SoDEX: 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
Bitget SKHYUSDT	−0.0517%	8h	188.97	−0.097%	$24.4M	$29.7M	20x	as long as short
edgeX SKHYUSDC	−0.0291%	4h	188.98	−0.089%	$570K	$291K	10x	as long as short
Deribit SKHY_USDC-PERPETUAL	−0.0174%	1h	188.57	−0.308%	$48K	$333K	10x	as long as short
Nado SKHY-PERP	−0.0055%	1h	188.67	−0.255%	$33K	$28K	10x	as long as short
Coinbase International SKHY-PERP-INTX	−0.0024%	1h	188.72	−0.229%	$46K	$882K	10x	as long as short
Lighter SKHY	−0.0024%	1h	188.56	−0.313%	$1.0M	$741K	10x	as long as short
tradeXYZ xyz:SKHY	−0.0014%	1h	188.76	−0.208%	$158.3M	$70.5M	10x	as long as short
QFEX SKHY-USD	−0.0014%	1h	188.61	−0.287%	$1.2M	$4.1M	10x	as long as short
Aster SKHYUSDT	0.0000%	8h	188.88	−0.142%	$243K	$897K	50x	as long as short
Extended SKHY-USD	0.0000%	1h	188.77	−0.203%	$55K	$7K	10x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance SKHYUSDT	0.0000%	8h	188.85	−0.160%	$199.9M	$416.3M	50x	as long as short
Bybit SKHYUSDT	0.0000%	8h	188.85	−0.160%	$15.5M	$29.5M	100x	as long as short
OKX SKHY-USDT-SWAP	0.0000%	8h	188.83	−0.171%	$45.0M	$74.4M	50x	as long as short
Gate SKHY_USDT	0.0000%	8h	188.80	−0.187%	$25.2M	$20.0M	75x	as long as short
Variational Omni SKHY	0.0000%	8h	189.17	+0.010%	$1.6M	$986K	—	as long as short
GRVT SKHY_USDT_Perplong	0.0000%	8h	189.15	long leg	$22K	$218K	10x
SunX SKHY-USDT	0.0000%	8h	188.84	−0.165%	$691	$6.2M	10x	as long as short
HTX SKHY-USDT	0.0000%	8h	188.56	−0.313%	$156K	$368K	50x	as long as short
Phemex SKHYUSDT	0.0000%	8h	188.62	−0.282%	$1.5M	$1.1M	10x	as long as short
Polymarket Perps SKHY-USD	+0.0022%	1h	188.49	−0.350%	$189K	$480K	10x	as long as short
Lighter RH SKHY	+0.0032%	1h	188.54	−0.324%	$1.0M	$1.5M	10x	as long as short
Arcus SKHY-USD	+0.0040%	1h	188.88	−0.144%	$58K	$164K	10x	as long as short
Vest SKHY-USD-PERP	+0.0046%	1h	188.72	−0.229%	—	$12K	10x	as long as short
Popdex SKHYUSDT	+0.0048%	1h	188.61	−0.287%	$199K	$259K	20x	as long as short
SoDEX SKHY-USDshort	+0.0050%	1h	188.62	−0.282%	$42K	$13K	10x
Ondo Perps SKHY-USD.P	+0.0050%	1h	188.57	−0.308%	$527K	$2.6M	10x	as long as short
KuCoin SKHYUSDTM	+0.0100%	8h	188.79	−0.192%	$1.1M	$314K	20x	as long as short
Orderly PERP_SKHY_USDC_mythos	+0.0100%	8h	188.56	−0.313%	$2K	$4K	10x	as long as short
BloFin SKHY-USDT	+0.0120%	8h	188.62	−0.282%	$2.2M	$440K	50x	as long as short
Phoenix SKHY	+0.0254%	1h	189.30	+0.078%	$212K	$124K	10x	as long as short
Kraken Futures PF_SKHYUSD	+0.0259%	1h	188.58	−0.304%	$48K	$19K	20x	as long as short