Funding arb · Price arb /

SKHY

RWAall SKHY markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0024%/8h= −2.6% APRpaid last 24h +0.006%

Price spread now: Coinbase International against HTX+0.279%7-day average +0.145% · you sell dearer than you buy

Net, funding: paid 7d − costs−$56as in the Funding arb table

Net, price: spread back to 7d avg − costs−$34as in the Price arb table

costs, in and out, $10k−$480.478% of the position

Long on HTX Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days−0.083%−$8 on $10k

Price spread, last 4 days (all we have)−0.230%−$23 · spread now +0.279%, 7d avg +0.145%

Together, before fees−0.313%−$31 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Coinbase International is 0.134% dearer against HTX than usual: you sell high and buy low (spread +0.279% now, against its 7-day average of +0.145%): +$13 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 19 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX SKHY-USDT	186.19	0	get 0.0000% / 8h	2h 27m	$154K	$371K	50x
Short	Coinbase International SKHY-PERP-INTX	186.71	−0.0024	pay 0.0003% / 1h	27m 16s	$47K	$875K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against HTX. 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 HTXbpFee Coinbase InternationalbpOrdersPrice spread, now +0.279%Rate

Funding earned: −$5.04
Price spread: +0.279% → +0.145%: $13.41
Slippage, 4 orders: −$25.79
Fee HTX: 6 bp × 2 orders: −$12
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$39.42
Costs to cover: 0.478%
Break-even: never at this rate

Slippage from HTX: live order book, 21 min ago; Coinbase International: live order book, 21 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 HTX live order book, 21 min ago	2.92 bp	8.9 bp −$9	12.8 bp −$128	doesn't fit	doesn't fit
Sell Coinbase International live order book, 21 min ago	9.81 bp	14.8 bp −$15	17.7 bp −$177	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	−0.1026%	8h	186.36	+0.091%	$24.7M	$30.5M	20x	as long as short
Deribit SKHY_USDC-PERPETUAL	−0.0341%	1h	186.16	−0.016%	$48K	$335K	10x	as long as short
edgeX SKHYUSDC	−0.0305%	4h	186.80	+0.325%	$563K	$289K	10x	as long as short
Nado SKHY-PERP	−0.0104%	1h	186.21	+0.012%	$33K	$28K	10x	as long as short
tradeXYZ xyz:SKHY	−0.0080%	1h	186.13	−0.032%	$157.3M	$73.1M	10x	as long as short
Polymarket Perps SKHY-USD	−0.0062%	1h	186.06	−0.070%	$180K	$487K	10x	as long as short
Coinbase International SKHY-PERP-INTXshort	−0.0024%	1h	186.71	+0.279%	$47K	$875K	10x
Lighter SKHY	−0.0016%	1h	186.29	+0.054%	$914K	$969K	10x	as long as short
QFEX SKHY-USD	−0.0014%	1h	186.15	−0.021%	$1.2M	$4.1M	10x	as long as short
Aster SKHYUSDT	0.0000%	8h	186.38	+0.102%	$228K	$910K	50x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended SKHY-USD	0.0000%	1h	186.14	−0.028%	$54K	$7K	10x	as long as short
Binance SKHYUSDT	0.0000%	8h	186.32	+0.070%	$198.4M	$425.8M	50x	as long as short
Bybit SKHYUSDT	0.0000%	8h	186.35	+0.086%	$15.6M	$29.9M	100x	as long as short
OKX SKHY-USDT-SWAP	0.0000%	8h	186.37	+0.097%	$44.1M	$75.4M	50x	as long as short
Gate SKHY_USDT	0.0000%	8h	186.12	−0.038%	$25.1M	$20.4M	75x	as long as short
Variational Omni SKHY	0.0000%	8h	186.65	+0.245%	$1.6M	$1.0M	—	as long as short
GRVT SKHY_USDT_Perp	0.0000%	8h	186.54	+0.188%	$22K	$220K	10x	as long as short
SunX SKHY-USDT	0.0000%	8h	186.58	+0.209%	$683	$6.2M	10x	as long as short
HTX SKHY-USDTlong	0.0000%	8h	186.19	long leg	$154K	$371K	50x
Phemex SKHYUSDT	0.0000%	8h	186.34	+0.081%	$1.5M	$1.1M	10x	as long as short
Ondo Perps SKHY-USD.P	+0.0024%	1h	186.07	−0.064%	$515K	$2.6M	10x	as long as short
Lighter RH SKHY	+0.0032%	1h	186.22	+0.016%	$1.0M	$1.6M	10x	as long as short
Arcus SKHY-USD	+0.0040%	1h	186.49	+0.161%	$58K	$164K	10x	as long as short
Vest SKHY-USD-PERP	+0.0046%	1h	186.26	+0.038%	—	$12K	10x	as long as short
Popdex SKHYUSDT	+0.0048%	1h	186.20	+0.005%	$192K	$271K	20x	as long as short
SoDEX SKHY-USD	+0.0050%	1h	186.26	+0.038%	$41K	$13K	10x	as long as short
KuCoin SKHYUSDTM	+0.0100%	8h	186.28	+0.048%	$1.1M	$319K	20x	as long as short
Orderly PERP_SKHY_USDC_mythos	+0.0100%	8h	186.18	−0.005%	$2K	$4K	10x	as long as short
BloFin SKHY-USDT	+0.0120%	8h	186.29	+0.054%	$2.2M	$408K	50x	as long as short
Phoenix SKHY	+0.0254%	1h	187.06	+0.467%	$210K	$124K	10x	as long as short
Kraken Futures PF_SKHYUSD	+0.0263%	1h	186.21	+0.010%	$47K	$19K	20x	as long as short