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: Variational Omni against Kraken Futures−0.023%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 Variational Omni

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

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

Together, before fees—+ Points / potential airdropVariational Omni: Active · farm boardneeds both histories

Funding pays, the price is against you. Variational Omni is 0.023% cheaper against Kraken Futures than usual: you would sell low and buy high (spread −0.023% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$2 on $10k: about 13 hours of funding at the current rate (+$4 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_SKHYUSD	186.69	−0.0139	get 0.0017% / 1h	21m 48s	$48K	$20K	20x
Short	Variational Omni SKHY	186.64	0	get 0.0000% / 8h	1h 21m	$1.6M	$1.0M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni 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 Variational OmnibpOrdersPrice spread, now −0.023%Rate

Funding earned: $29.19
Price spread: −0.023% → 0.000%: −$2.34
Slippage, 4 orders: no order book: not counted
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Variational Omni: 0 bp × 2 orders: $0
Net: $16.86
Costs to cover: 0.100%
Break-even: 3.0 days

Slippage unknown: Kraken Futures: no order-book sample; Variational Omni: RFQ quote, 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 Variational Omni RFQ quote, 2 min ago	2.25 bp	doesn't fit	6.5 bp −$65	doesn't fit	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	−0.1297%	8h	186.95	+0.141%	$25.1M	$31.7M	20x	as long as short
Deribit SKHY_USDC-PERPETUAL	−0.0873%	1h	186.74	+0.029%	$49K	$343K	10x	as long as short
edgeX SKHYUSDC	−0.0762%	4h	186.50	−0.101%	$562K	$290K	10x	as long as short
Nado SKHY-PERP	−0.0190%	1h	186.99	+0.165%	$33K	$28K	10x	as long as short
tradeXYZ xyz:SKHY	−0.0187%	1h	186.72	+0.018%	$158.6M	$74.7M	10x	as long as short
Popdex SKHYUSDT	−0.0184%	1h	186.77	+0.045%	$197K	$275K	20x	as long as short
Polymarket Perps SKHY-USD	−0.0169%	1h	186.71	+0.013%	$180K	$487K	10x	as long as short
Kraken Futures PF_SKHYUSDlong	−0.0139%	1h	186.69	long leg	$48K	$20K	20x
Coinbase International SKHY-PERP-INTX	−0.0104%	1h	187.75	+0.570%	$63K	$901K	10x	as long as short
Lighter SKHY	−0.0096%	1h	186.72	+0.018%	$955K	$1.2M	10x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
QFEX SKHY-USD	−0.0049%	1h	186.77	+0.045%	$1.2M	$4.2M	10x	as long as short
Ondo Perps SKHY-USD.P	−0.0045%	1h	186.39	−0.159%	$515K	$2.6M	10x	as long as short
Aster SKHYUSDT	0.0000%	8h	186.93	+0.129%	$227K	$919K	50x	as long as short
Extended SKHY-USD	0.0000%	1h	186.62	−0.038%	$54K	$7K	10x	as long as short
Binance SKHYUSDT	0.0000%	8h	186.78	+0.050%	$199.3M	$439.9M	50x	as long as short
Bybit SKHYUSDT	0.0000%	8h	186.77	+0.045%	$15.9M	$29.3M	100x	as long as short
OKX SKHY-USDT-SWAP	0.0000%	8h	186.73	+0.024%	$44.6M	$77.7M	50x	as long as short
Gate SKHY_USDT	0.0000%	8h	186.75	+0.034%	$25.6M	$20.5M	75x	as long as short
Variational Omni SKHYshort	0.0000%	8h	186.64	−0.023%	$1.6M	$1.0M	—
GRVT SKHY_USDT_Perp	0.0000%	8h	186.51	−0.094%	$22K	$230K	10x	as long as short
SunX SKHY-USDT	0.0000%	8h	187.01	+0.174%	$684	$6.1M	10x	as long as short
HTX SKHY-USDT	0.0000%	8h	186.59	−0.051%	$155K	$367K	50x	as long as short
Phemex SKHYUSDT	0.0000%	8h	186.67	−0.009%	$1.5M	$1.1M	10x	as long as short
Lighter RH SKHY	+0.0032%	1h	186.70	+0.008%	$1.1M	$1.6M	10x	as long as short
Arcus SKHY-USD	+0.0040%	1h	186.61	−0.041%	$59K	$165K	10x	as long as short
Vest SKHY-USD-PERP	+0.0046%	1h	186.85	+0.088%	—	$24K	10x	as long as short
SoDEX SKHY-USD	+0.0050%	1h	186.67	−0.009%	$41K	$13K	10x	as long as short
KuCoin SKHYUSDTM	+0.0078%	8h	186.61	−0.041%	$1.1M	$327K	20x	as long as short
Orderly PERP_SKHY_USDC_mythos	+0.0100%	8h	186.79	+0.056%	$2K	$4K	10x	as long as short
BloFin SKHY-USDT	+0.0120%	8h	186.73	+0.024%	$2.2M	$422K	50x	as long as short
Phoenix SKHY	+0.0213%	1h	186.85	+0.088%	$209K	$115K	10x	as long as short