Funding arb · Price arb /

SKHY

RWAall SKHY markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC+0.0166%/8h= +18.2% APRpaid last 24h +0.014%

Price spread now: SoDEX against KuCoin−0.021%7-day average — · you buy dearer than you sell

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

Long on KuCoin Short on SoDEX

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—needs both histories

Funding pays, the price is against you. SoDEX is 0.021% cheaper against KuCoin than usual: you would sell low and buy high (spread −0.021% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$2 on $10k: about 10 hours of funding at the current rate (+$5 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin SKHYUSDTM	188.22	−0.0116	get 0.0116% / 8h	6h 00m	$1.1M	$462K	20x
Short	SoDEX SKHY-USD	188.18	0.0050	get 0.0006% / 1h	0m 00s	$42K	$12K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SoDEX 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 SoDEXbpOrdersPrice spread, now −0.021%Rate

Funding earned: $34.86
Price spread: −0.021% → 0.000%: −$2.13
Slippage, 4 orders: no order book: not counted
Fee KuCoin: 6 bp × 2 orders: −$12
Fee SoDEX: 4 bp × 2 orders: −$8
Net: $12.73
Costs to cover: 0.200%
Break-even: 4.4 days

Slippage unknown: KuCoin: live order book, 3 min ago; SoDEX: 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	3.19 bp	21.2 bp −$21	doesn't fit	doesn't fit	doesn't fit
Sell SoDEX no order-book sample	—	—	—	—	—

SoDEX: 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 exchanges

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	−0.0634%	8h	188.22	0.000%	$26.0M	$36.3M	20x	as long as short
Deribit SKHY_USDC-PERPETUAL	−0.0281%	1h	188.20	−0.011%	$26K	$445K	10x	as long as short
edgeX SKHYUSDC	−0.0235%	4h	187.79	−0.229%	$566K	$287K	10x	as long as short
KuCoin SKHYUSDTMlong	−0.0116%	8h	188.22	long leg	$1.1M	$462K	20x
Nado SKHY-PERP	−0.0030%	1h	188.36	+0.076%	$33K	$28K	10x	as long as short
tradeXYZ xyz:SKHY	−0.0008%	1h	188.12	−0.053%	$158.8M	$78.0M	10x	as long as short
QFEX SKHY-USD	−0.0005%	1h	188.17	−0.027%	$1.2M	$4.3M	10x	as long as short
Aster SKHYUSDT	0.0000%	8h	188.24	+0.010%	$264K	$912K	50x	as long as short
Extended SKHY-USD	0.0000%	1h	188.19	−0.013%	$55K	$7K	10x	as long as short
Binance SKHYUSDT	0.0000%	8h	188.22	−0.002%	$198.6M	$472.8M	50x	as long as short

Show all 31 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit SKHYUSDT	0.0000%	8h	188.16	−0.032%	$16.3M	$34.1M	100x	as long as short
OKX SKHY-USDT-SWAP	0.0000%	8h	188.18	−0.021%	$44.6M	$85.6M	50x	as long as short
Gate SKHY_USDT	0.0000%	8h	188.12	−0.053%	$25.3M	$22.0M	75x	as long as short
Variational Omni SKHY	0.0000%	8h	188.03	−0.101%	$1.5M	$1.0M	—	as long as short
GRVT SKHY_USDT_Perp	0.0000%	8h	188.07	−0.079%	$22K	$246K	10x	as long as short
SunX SKHY-USDT	0.0000%	8h	188.50	+0.149%	$690	$5.5M	10x	as long as short
HTX SKHY-USDT	0.0000%	8h	188.18	−0.021%	$156K	$376K	50x	as long as short
Phemex SKHYUSDT	0.0000%	8h	188.20	−0.011%	$1.5M	$1.1M	10x	as long as short
Lighter SKHY	+0.0032%	1h	188.16	−0.032%	$993K	$1.4M	10x	as long as short
Lighter RH SKHY	+0.0032%	1h	188.11	−0.058%	$1.1M	$1.5M	10x	as long as short
Arcus SKHY-USD	+0.0040%	1h	188.12	−0.053%	$60K	$132K	10x	as long as short
Vest SKHY-USD-PERP	+0.0046%	1h	188.25	+0.016%	—	$39K	10x	as long as short
Popdex SKHYUSDT	+0.0048%	1h	188.20	−0.011%	$203K	$307K	20x	as long as short
Polymarket Perps SKHY-USD	+0.0050%	1h	188.17	−0.027%	$183K	$352K	10x	as long as short
SoDEX SKHY-USDshort	+0.0050%	1h	188.18	−0.021%	$42K	$12K	10x
Ondo Perps SKHY-USD.P	+0.0050%	1h	187.84	−0.202%	$524K	$2.5M	10x	as long as short
Coinbase International SKHY-PERP-INTX	+0.0056%	1h	186.08	−1.137%	$110K	$772K	10x	as long as short
Orderly PERP_SKHY_USDC_mythos	+0.0100%	8h	188.22	0.000%	$2K	$4K	10x	as long as short
BloFin SKHY-USDT	+0.0120%	8h	188.16	−0.032%	$2.2M	$461K	50x	as long as short
Phoenix SKHY	+0.0257%	1h	188.11	−0.058%	$211K	$123K	10x	as long as short
Kraken Futures PF_SKHYUSD	+0.0748%	1h	188.18	−0.019%	$51K	$36K	20x	as long as short