Funding arb · Price arb /

SKHY

RWAall SKHY markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0346%/8h= −37.9% APRpaid last 24h −0.171%

Price spread now: edgeX against KuCoin+0.122%53s7-day average +0.019% · you sell dearer than you buy

Net, funding: paid 7d − costs−$27as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$880.875% of the position

Long on KuCoin Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.604%+$60 on $10k

Price spread, last 4 days (all we have)+0.036%+$4 · spread now +0.122%, 7d avg +0.019%

Together, before fees+0.640%+ Points / potential airdropedgeX: Active · farm board+$64 on $10k · with fees, hour by hour

The price spread pays, funding is against you. edgeX is 0.104% dearer against KuCoin than usual: you sell high and buy low (spread +0.122% now, against its 7-day average of +0.019%): +$10 on $10k if it goes back. Holding the pair costs −$10 a day in funding at the current rate, which eats that in about 24 hours. Mind the row above: over the last 7 days funding on this pair paid +0.604%, so the current rate has only just turned against you. The two prices were read 53 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin SKHYUSDTM	186.77	0.0100	pay 0.0100% / 8h	1h 40m	$1.1M	$328K	20x
Short	edgeX SKHYUSDC	187.00	−0.0246	pay 0.0123% / 4h	1h 40m	$564K	$292K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX against KuCoin. 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 KuCoinbpFee edgeXbpOrdersPrice spread, now +0.122%Rate

Funding earned: −$72.74
Price spread: +0.122% → +0.019%: $10.38
Slippage, 4 orders: −$66.55
Fee KuCoin: 6 bp × 2 orders: −$12
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$149.9
Costs to cover: 0.875%
Break-even: never at this rate

Slippage from KuCoin: live order book, 4 min ago; edgeX: live order book, 3 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 KuCoin live order book, 4 min ago	1.87 bp	34.2 bp −$34	doesn't fit	doesn't fit	doesn't fit
Sell edgeX live order book, 3 min ago	5.62 bp	10.5 bp −$10	15.9 bp −$159	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	−0.1148%	8h	186.93	+0.086%	$25.0M	$31.7M	20x	as long as short
edgeX SKHYUSDCshort	−0.0246%	4h	187.00	+0.122%	$564K	$292K	10x
Nado SKHY-PERP	−0.0186%	1h	186.93	+0.086%	$33K	$28K	10x	as long as short
tradeXYZ xyz:SKHY	−0.0182%	1h	186.73	−0.021%	$158.5M	$74.3M	10x	as long as short
Deribit SKHY_USDC-PERPETUAL	−0.0178%	1h	186.64	−0.070%	$48K	$340K	10x	as long as short
Polymarket Perps SKHY-USD	−0.0172%	1h	186.52	−0.134%	$180K	$487K	10x	as long as short
Popdex SKHYUSDT	−0.0160%	1h	186.73	−0.021%	$197K	$274K	20x	as long as short
Kraken Futures PF_SKHYUSD	−0.0139%	1h	186.77	−0.002%	$47K	$19K	20x	as long as short
Lighter SKHY	−0.0136%	1h	186.70	−0.037%	$963K	$1.1M	10x	as long as short
Coinbase International SKHY-PERP-INTX	−0.0104%	1h	187.75	+0.525%	$63K	$902K	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	186.72	−0.027%	$1.2M	$4.1M	10x	as long as short
Ondo Perps SKHY-USD.P	−0.0033%	1h	186.48	−0.155%	$514K	$2.6M	10x	as long as short
Aster SKHYUSDT	0.0000%	8h	186.92	+0.081%	$227K	$916K	50x	as long as short
Extended SKHY-USD	0.0000%	1h	186.76	−0.006%	$54K	$7K	10x	as long as short
Binance SKHYUSDT	0.0000%	8h	186.75	−0.010%	$199.5M	$438.1M	50x	as long as short
Bybit SKHYUSDT	0.0000%	8h	186.78	+0.005%	$15.8M	$29.3M	100x	as long as short
OKX SKHY-USDT-SWAP	0.0000%	8h	186.68	−0.048%	$44.7M	$77.4M	50x	as long as short
Gate SKHY_USDT	0.0000%	8h	186.78	+0.005%	$25.3M	$20.2M	75x	as long as short
Variational Omni SKHY	0.0000%	8h	186.53	−0.127%	$1.6M	$1.0M	—	as long as short
GRVT SKHY_USDT_Perp	0.0000%	8h	186.65	−0.063%	$22K	$228K	10x	as long as short
SunX SKHY-USDT	0.0000%	8h	186.83	+0.032%	$684	$6.1M	10x	as long as short
HTX SKHY-USDT	0.0000%	8h	186.48	−0.155%	$155K	$367K	50x	as long as short
Phemex SKHYUSDT	0.0000%	8h	186.62	−0.080%	$1.5M	$1.1M	10x	as long as short
Lighter RH SKHY	+0.0032%	1h	186.62	−0.080%	$1.1M	$1.6M	10x	as long as short
Arcus SKHY-USD	+0.0040%	1h	186.72	−0.027%	$58K	$165K	10x	as long as short
Vest SKHY-USD-PERP	+0.0046%	1h	186.73	−0.021%	—	$24K	10x	as long as short
SoDEX SKHY-USD	+0.0050%	1h	186.62	−0.080%	$41K	$13K	10x	as long as short
KuCoin SKHYUSDTMlong	+0.0100%	8h	186.77	long leg	$1.1M	$328K	20x
Orderly PERP_SKHY_USDC_mythos	+0.0100%	8h	186.52	−0.134%	$2K	$4K	10x	as long as short
BloFin SKHY-USDT	+0.0120%	8h	186.59	−0.096%	$2.2M	$419K	50x	as long as short
Phoenix SKHY	+0.0213%	1h	187.04	+0.145%	$210K	$115K	10x	as long as short