Funding arb · Price arb /

SKHY

RWAall SKHY markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0950%/8h= −104.0% APRpaid last 24h −0.139%

Price spread now: Gate against Kraken Futures−0.072%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 Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.683%−$68 on $10k

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

Together, before fees—needs both histories

Both sides work against this trade now: funding costs −$29 a day on $10k at the current rate, and Gate is 0.072% cheaper against Kraken Futures than usual: you would sell low and buy high (−$7 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_SKHYUSD	189.77	0.0950	pay 0.0119% / 1h	17m 13s	$50K	$24K	20x
Short	Gate SKHY_USDT	189.63	0	get 0.0000% / 8h	17m 13s	$26.1M	$17.8M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now −0.072%Rate

Funding earned: −$199.51
Price spread: −0.072% → 0.000%: −$7.17
Slippage, 4 orders: no order book: not counted
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$231.67
Costs to cover: 0.250%
Break-even: never at this rate

Slippage unknown: Kraken Futures: no order-book sample; Gate: live order book, 2 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 Gate live order book, 2 min ago	1.05 bp	13.0 bp −$13	27.0 bp −$270	66.9 bp −$6,694	118.6 bp −$59.3K

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
edgeX SKHYUSDC	−0.0826%	4h	189.63	−0.072%	$572K	$290K	10x	as long as short
Nado SKHY-PERP	−0.0042%	1h	189.65	−0.061%	$28K	$2K	10x	as long as short
QFEX SKHY-USD	0.0000%	1h	189.59	−0.093%	$1.2M	$5.3M	10x	as long as short
Aster SKHYUSDT	0.0000%	8h	189.66	−0.055%	$252K	$903K	50x	as long as short
Extended SKHY-USD	0.0000%	1h	189.60	−0.087%	$55K	$4K	10x	as long as short
Binance SKHYUSDT	0.0000%	8h	189.62	−0.075%	$212.1M	$377.9M	50x	as long as short
Bybit SKHYUSDT	0.0000%	8h	189.70	−0.035%	$15.7M	$27.0M	100x	as long as short
OKX SKHY-USDT-SWAP	0.0000%	8h	189.66	−0.056%	$47.1M	$61.3M	50x	as long as short
Gate SKHY_USDTshort	0.0000%	8h	189.63	−0.072%	$26.1M	$17.8M	75x
Bitget SKHYUSDT	0.0000%	8h	189.67	−0.051%	$25.4M	$25.7M	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	189.53	−0.125%	$1.6M	$2.6M	—	as long as short
GRVT SKHY_USDT_Perp	0.0000%	8h	189.67	−0.051%	$22K	$208K	10x	as long as short
SunX SKHY-USDT	0.0000%	8h	189.92	+0.081%	$695	$7.2M	10x	as long as short
Deribit SKHY_USDC-PERPETUAL	0.0000%	1h	189.67	−0.051%	$46K	$256K	10x	as long as short
HTX SKHY-USDT	0.0000%	8h	189.62	−0.077%	$155K	$401K	50x	as long as short
Phemex SKHYUSDT	0.0000%	8h	189.62	−0.077%	$1.5M	$1.1M	10x	as long as short
KuCoin SKHYUSDTM	+0.0012%	8h	189.55	−0.114%	$1.1M	$283K	20x	as long as short
Lighter SKHY	+0.0032%	1h	189.57	−0.103%	$1.0M	$689K	10x	as long as short
Lighter RH SKHY	+0.0032%	1h	189.55	−0.114%	$1.1M	$1.4M	10x	as long as short
Arcus SKHY-USD	+0.0040%	1h	189.67	−0.051%	$56K	$155K	10x	as long as short
Vest SKHY-USD-PERP	+0.0046%	1h	189.60	−0.087%	—	$12K	10x	as long as short
Popdex SKHYUSDT	+0.0048%	1h	189.65	−0.061%	$202K	$241K	20x	as long as short
tradeXYZ xyz:SKHY	+0.0050%	1h	189.61	−0.082%	$164.5M	$65.2M	10x	as long as short
Polymarket Perps SKHY-USD	+0.0050%	1h	189.58	−0.098%	$170K	$952K	10x	as long as short
SoDEX SKHY-USD	+0.0050%	1h	189.61	−0.082%	$42K	$13K	10x	as long as short
Ondo Perps SKHY-USD.P	+0.0050%	1h	189.52	−0.130%	$557K	$1.2M	10x	as long as short
Orderly PERP_SKHY_USDC_mythos	+0.0100%	8h	189.65	−0.061%	$2K	$4K	10x	as long as short
BloFin SKHY-USDT	+0.0120%	8h	189.67	−0.051%	$2.2M	$415K	50x	as long as short
Coinbase International SKHY-PERP-INTX	+0.0128%	1h	189.72	−0.024%	$169K	$687K	10x	as long as short
Phoenix SKHY	+0.0380%	1h	189.87	+0.055%	$214K	$128K	10x	as long as short
Kraken Futures PF_SKHYUSDlong	+0.0950%	1h	189.77	long leg	$50K	$24K	20x