Funding arb · Price arb /

SKHY

RWAall SKHY markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0232%/8h= −25.4% APRpaid last 24h +0.022%

Price spread now: Bybit against Nado−0.074%7-day average — · you buy dearer than you sell

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

Long on Nado Short on Bybit

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 airdropNado: Active · farm boardneeds both histories

Both sides work against this trade now: funding costs −$7 a day on $10k at the current rate, and Bybit is 0.074% cheaper against Nado 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	Nado SKHY-PERP	185.51	−0.0119	get 0.0015% / 1h	43m 22s	$33K	$28K	10x
Short	Bybit SKHYUSDT	185.37	−0.0351	pay 0.0351% / 8h	7h 43m	$16.5M	$32.4M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against Nado. 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 NadobpFee BybitbpOrdersPrice spread, now −0.074%Rate

Funding earned: −$48.74
Price spread: −0.074% → 0.000%: −$7.43
Slippage, 4 orders: no order book: not counted
Fee Nado: 3.5 bp × 2 orders: −$7
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$74.17
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: Nado: no order-book sample; Bybit: live order book, 5 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 Nado no order-book sample	—	—	—	—	—
Sell Bybit live order book, 5 min ago	0.54 bp	7.7 bp −$8	15.4 bp −$154	69.9 bp −$6,991	doesn't fit

Nado: 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	−0.1266%	8h	185.40	−0.058%	$25.6M	$34.4M	20x	as long as short
edgeX SKHYUSDC	−0.0895%	4h	185.38	−0.070%	$559K	$291K	10x	as long as short
GRVT SKHY_USDT_Perp	−0.0352%	8h	185.59	+0.044%	$22K	$243K	10x	as long as short
Bybit SKHYUSDTshort	−0.0351%	8h	185.37	−0.074%	$16.5M	$32.4M	100x
Deribit SKHY_USDC-PERPETUAL	−0.0343%	1h	185.34	−0.090%	$48K	$352K	10x	as long as short
KuCoin SKHYUSDTM	−0.0201%	8h	185.36	−0.080%	$1.1M	$361K	20x	as long as short
tradeXYZ xyz:SKHY	−0.0173%	1h	185.34	−0.090%	$157.5M	$77.7M	10x	as long as short
Nado SKHY-PERPlong	−0.0119%	1h	185.51	long leg	$33K	$28K	10x
Ondo Perps SKHY-USD.P	−0.0118%	1h	185.24	−0.144%	$514K	$2.6M	10x	as long as short
Lighter SKHY	−0.0080%	1h	185.28	−0.123%	$986K	$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
Popdex SKHYUSDT	−0.0048%	1h	185.37	−0.074%	$201K	$288K	20x	as long as short
QFEX SKHY-USD	−0.0028%	1h	185.34	−0.090%	$1.2M	$4.3M	10x	as long as short
Extended SKHY-USD	−0.0008%	1h	185.32	−0.100%	$54K	$7K	10x	as long as short
Binance SKHYUSDT	−0.0004%	8h	185.36	−0.082%	$198.2M	$459.1M	50x	as long as short
Aster SKHYUSDT	0.0000%	8h	185.59	+0.043%	$230K	$914K	50x	as long as short
OKX SKHY-USDT-SWAP	0.0000%	8h	185.34	−0.090%	$44.0M	$81.4M	50x	as long as short
Gate SKHY_USDT	0.0000%	8h	185.36	−0.080%	$25.6M	$20.8M	75x	as long as short
Variational Omni SKHY	0.0000%	8h	185.22	−0.153%	$1.6M	$1.0M	—	as long as short
SunX SKHY-USDT	0.0000%	8h	185.64	+0.071%	$679	$6.0M	10x	as long as short
HTX SKHY-USDT	0.0000%	8h	185.29	−0.117%	$154K	$364K	50x	as long as short
Phemex SKHYUSDT	0.0000%	8h	185.35	−0.085%	$1.5M	$1.1M	10x	as long as short
Coinbase International SKHY-PERP-INTX	+0.0024%	1h	187.58	+1.117%	$68K	$784K	10x	as long as short
Lighter RH SKHY	+0.0032%	1h	185.27	−0.128%	$1.1M	$1.5M	10x	as long as short
Arcus SKHY-USD	+0.0040%	1h	185.31	−0.107%	$59K	$171K	10x	as long as short
Vest SKHY-USD-PERP	+0.0046%	1h	185.38	−0.069%	—	$33K	10x	as long as short
Polymarket Perps SKHY-USD	+0.0050%	1h	185.43	−0.042%	$179K	$451K	10x	as long as short
SoDEX SKHY-USD	+0.0050%	1h	185.34	−0.090%	$41K	$12K	10x	as long as short
Orderly PERP_SKHY_USDC_mythos	+0.0100%	8h	185.44	−0.037%	$2K	$4K	10x	as long as short
BloFin SKHY-USDT	+0.0116%	8h	185.35	−0.085%	$2.2M	$434K	50x	as long as short
Kraken Futures PF_SKHYUSD	+0.0171%	1h	185.49	−0.007%	$48K	$20K	20x	as long as short
Phoenix SKHY	+0.0215%	1h	185.54	+0.017%	$208K	$123K	10x	as long as short