Funding arb · Price arb /

SKHY

RWAall SKHY markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0229%/8h= −25.1% APRpaid last 24h +0.159%

Price spread now: Kraken Futures against KuCoin+0.038%7-day average — · you sell dearer than you buy

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

Long on KuCoin Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days+0.770%+$77 on $10k

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

Together, before fees—needs both histories

The price spread pays, funding is against you. Kraken Futures is 0.038% dearer against KuCoin than usual: you sell high and buy low (spread +0.038% now, against zero (this spread has no 7-day history yet)): +$4 on $10k if it goes back. Holding the pair costs −$7 a day in funding at the current rate, which eats that in about 13 hours. Mind the row above: over the last 7 days funding on this pair paid +0.770%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin SKHYUSDTM	186.59	−0.0037	get 0.0037% / 8h	31m 51s	$1.1M	$328K	20x
Short	Kraken Futures PF_SKHYUSD	186.66	−0.0266	pay 0.0033% / 1h	31m 51s	$48K	$21K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures 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 Kraken FuturesbpOrdersPrice spread, now +0.038%Rate

Funding earned: −$48.05
Price spread: +0.038% → 0.000%: $3.76
Slippage, 4 orders: no order book: not counted
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$66.29
Costs to cover: 0.220%
Break-even: never at this rate

Slippage unknown: KuCoin: live order book, 3 min ago; Kraken Futures: no order-book sample. 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 KuCoin live order book, 3 min ago	2.95 bp	36.7 bp −$37	doesn't fit	doesn't fit	doesn't fit
Sell Kraken Futures no order-book sample	—	—	—	—	—

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	−0.1265%	8h	186.75	+0.086%	$25.4M	$33.1M	20x	as long as short
edgeX SKHYUSDC	−0.0749%	4h	186.53	−0.030%	$562K	$291K	10x	as long as short
Kraken Futures PF_SKHYUSDshort	−0.0266%	1h	186.66	+0.038%	$48K	$21K	20x
tradeXYZ xyz:SKHY	−0.0216%	1h	186.60	+0.005%	$158.5M	$76.9M	10x	as long as short
Nado SKHY-PERP	−0.0172%	1h	186.72	+0.072%	$33K	$28K	10x	as long as short
Popdex SKHYUSDT	−0.0128%	1h	186.65	+0.032%	$204K	$288K	20x	as long as short
Polymarket Perps SKHY-USD	−0.0124%	1h	186.56	−0.016%	$180K	$487K	10x	as long as short
Coinbase International SKHY-PERP-INTX	−0.0072%	1h	187.58	+0.531%	$68K	$905K	10x	as long as short
Deribit SKHY_USDC-PERPETUAL	−0.0071%	1h	186.61	+0.011%	$49K	$347K	10x	as long as short
QFEX SKHY-USD	−0.0061%	1h	186.65	+0.032%	$1.2M	$4.3M	10x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin SKHYUSDTMlong	−0.0037%	8h	186.59	long leg	$1.1M	$328K	20x
Lighter SKHY	−0.0008%	1h	186.53	−0.032%	$974K	$1.2M	10x	as long as short
Aster SKHYUSDT	0.0000%	8h	186.69	+0.054%	$223K	$925K	50x	as long as short
Extended SKHY-USD	0.0000%	1h	186.55	−0.021%	$54K	$7K	10x	as long as short
Binance SKHYUSDT	0.0000%	8h	186.64	+0.027%	$200.7M	$450.6M	50x	as long as short
Bybit SKHYUSDT	0.0000%	8h	186.66	+0.038%	$16.7M	$29.4M	100x	as long as short
OKX SKHY-USDT-SWAP	0.0000%	8h	186.63	+0.021%	$44.7M	$79.8M	50x	as long as short
Gate SKHY_USDT	0.0000%	8h	186.65	+0.032%	$25.6M	$21.0M	75x	as long as short
Variational Omni SKHY	0.0000%	8h	186.58	−0.006%	$1.6M	$1.0M	—	as long as short
GRVT SKHY_USDT_Perp	0.0000%	8h	186.63	+0.021%	$22K	$233K	10x	as long as short
SunX SKHY-USDT	0.0000%	8h	186.79	+0.107%	$684	$6.1M	10x	as long as short
HTX SKHY-USDT	0.0000%	8h	186.45	−0.075%	$155K	$363K	50x	as long as short
Phemex SKHYUSDT	0.0000%	8h	186.55	−0.021%	$1.5M	$1.1M	10x	as long as short
Ondo Perps SKHY-USD.P	+0.0019%	1h	186.60	+0.005%	$521K	$2.6M	10x	as long as short
Lighter RH SKHY	+0.0032%	1h	186.51	−0.043%	$1.1M	$1.5M	10x	as long as short
Arcus SKHY-USD	+0.0040%	1h	186.62	+0.016%	$60K	$171K	10x	as long as short
Vest SKHY-USD-PERP	+0.0046%	1h	186.65	+0.032%	—	$32K	10x	as long as short
SoDEX SKHY-USD	+0.0050%	1h	186.51	−0.043%	$41K	$12K	10x	as long as short
Orderly PERP_SKHY_USDC_mythos	+0.0100%	8h	186.58	−0.005%	$2K	$4K	10x	as long as short
BloFin SKHY-USDT	+0.0120%	8h	186.65	+0.032%	$2.2M	$426K	50x	as long as short
Phoenix SKHY	+0.0129%	1h	186.78	+0.102%	$209K	$123K	10x	as long as short