Funding arb · Price arb /

SKHY

RWAall SKHY markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0139%/8h= +15.2% APRpaid last 24h −0.172%

Price spread now: Bybit against Kraken Futures−0.019%7-day average — · you buy dearer than you sell

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

Long on Kraken Futures Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.702%−$70 on $10k

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: +$4 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair cost −0.702%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_SKHYUSD	186.66	−0.0139	get 0.0017% / 1h	29m 15s	$47K	$19K	20x
Short	Bybit SKHYUSDT	186.62	0	get 0.0000% / 8h	1h 29m	$15.9M	$29.3M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against Kraken Futures. 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 Kraken FuturesbpFee BybitbpOrdersPrice spread, now −0.019%Rate

Funding earned: $29.2
Price spread: −0.019% → 0.000%: −$1.93
Slippage, 4 orders: no order book: not counted
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: $6.27
Costs to cover: 0.210%
Break-even: 5.5 days

Slippage unknown: Kraken Futures: no order-book sample; Bybit: live order book, 9 min ago. 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 Kraken Futures no order-book sample	—	—	—	—	—
Sell Bybit live order book, 9 min ago	0.27 bp	7.4 bp −$7	14.8 bp −$148	76.3 bp −$7,632	doesn't fit

Kraken Futures: 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	−0.1283%	8h	186.80	+0.077%	$25.1M	$31.7M	20x	as long as short
edgeX SKHYUSDC	−0.0284%	4h	186.40	−0.138%	$562K	$292K	10x	as long as short
Nado SKHY-PERP	−0.0199%	1h	186.73	+0.041%	$33K	$28K	10x	as long as short
tradeXYZ xyz:SKHY	−0.0193%	1h	186.55	−0.057%	$158.5M	$74.7M	10x	as long as short
Popdex SKHYUSDT	−0.0192%	1h	186.60	−0.030%	$197K	$275K	20x	as long as short
Polymarket Perps SKHY-USD	−0.0180%	1h	186.51	−0.078%	$180K	$487K	10x	as long as short
Kraken Futures PF_SKHYUSDlong	−0.0139%	1h	186.66	long leg	$47K	$19K	20x
Deribit SKHY_USDC-PERPETUAL	−0.0125%	1h	186.62	−0.019%	$49K	$342K	10x	as long as short
Coinbase International SKHY-PERP-INTX	−0.0104%	1h	187.75	+0.586%	$63K	$902K	10x	as long as short
Lighter SKHY	−0.0088%	1h	186.64	−0.009%	$954K	$1.1M	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	−0.0056%	1h	186.32	−0.180%	$514K	$2.6M	10x	as long as short
QFEX SKHY-USD	−0.0049%	1h	186.59	−0.035%	$1.2M	$4.2M	10x	as long as short
Aster SKHYUSDT	0.0000%	8h	186.71	+0.031%	$226K	$919K	50x	as long as short
Extended SKHY-USD	0.0000%	1h	186.54	−0.065%	$54K	$7K	10x	as long as short
Binance SKHYUSDT	0.0000%	8h	186.58	−0.041%	$199.2M	$439.9M	50x	as long as short
Bybit SKHYUSDTshort	0.0000%	8h	186.62	−0.019%	$15.9M	$29.3M	100x
OKX SKHY-USDT-SWAP	0.0000%	8h	186.57	−0.046%	$44.6M	$77.7M	50x	as long as short
Gate SKHY_USDT	0.0000%	8h	186.59	−0.035%	$25.5M	$20.5M	75x	as long as short
Variational Omni SKHY	0.0000%	8h	186.43	−0.120%	$1.6M	$1.0M	—	as long as short
GRVT SKHY_USDT_Perp	0.0000%	8h	186.39	−0.143%	$22K	$229K	10x	as long as short
SunX SKHY-USDT	0.0000%	8h	186.95	+0.157%	$684	$6.1M	10x	as long as short
HTX SKHY-USDT	0.0000%	8h	186.51	−0.078%	$155K	$367K	50x	as long as short
Phemex SKHYUSDT	0.0000%	8h	186.63	−0.014%	$1.5M	$1.1M	10x	as long as short
Lighter RH SKHY	+0.0032%	1h	186.61	−0.025%	$1.1M	$1.6M	10x	as long as short
Arcus SKHY-USD	+0.0040%	1h	186.41	−0.132%	$59K	$166K	10x	as long as short
Vest SKHY-USD-PERP	+0.0046%	1h	186.61	−0.025%	—	$24K	10x	as long as short
SoDEX SKHY-USD	+0.0050%	1h	186.60	−0.030%	$41K	$13K	10x	as long as short
KuCoin SKHYUSDTM	+0.0087%	8h	186.56	−0.051%	$1.1M	$329K	20x	as long as short
Orderly PERP_SKHY_USDC_mythos	+0.0100%	8h	186.59	−0.035%	$2K	$4K	10x	as long as short
BloFin SKHY-USDT	+0.0120%	8h	186.47	−0.100%	$2.2M	$420K	50x	as long as short
Phoenix SKHY	+0.0213%	1h	186.53	−0.068%	$209K	$115K	10x	as long as short