Funding arb · Price arb /

SKHY

RWAall SKHY markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0041%/8h= +4.5% APRpaid last 24h +0.055%

Price spread now: Variational Omni against Nado−0.035%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 Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 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 · Variational Omni: Active · farm boardneeds both histories

Funding pays, the price is against you. Variational Omni is 0.035% cheaper against Nado than usual: you would sell low and buy high (spread −0.035% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$4 on $10k: about 2.9 days of funding at the current rate (+$1 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Nado SKHY-PERP	189.04	−0.0041	get 0.0005% / 1h	5m 31s	$28K	$2K	10x
Short	Variational Omni SKHY	188.97	0	get 0.0000% / 8h	1h 05m	$1.5M	$2.5M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni 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 Variational OmnibpOrdersPrice spread, now −0.035%Rate

Funding earned: $8.66
Price spread: −0.035% → 0.000%: −$3.54
Slippage, 4 orders: no order book: not counted
Fee Nado: 3.5 bp × 2 orders: −$7
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$1.88
Costs to cover: 0.070%
Break-even: 8.5 days

Slippage unknown: Nado: no order-book sample; Variational Omni: RFQ quote, 4 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 Variational Omni RFQ quote, 4 min ago	2.25 bp	doesn't fit	5.5 bp −$55	doesn't fit	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
edgeX SKHYUSDC	−0.0116%	4h	188.92	−0.059%	$570K	$290K	10x	as long as short
Nado SKHY-PERPlong	−0.0041%	1h	189.04	long leg	$28K	$2K	10x
KuCoin SKHYUSDTM	−0.0032%	8h	188.87	−0.088%	$1.1M	$302K	20x	as long as short
QFEX SKHY-USD	−0.0001%	1h	189.00	−0.019%	$1.2M	$5.2M	10x	as long as short
Aster SKHYUSDT	0.0000%	8h	188.99	−0.024%	$250K	$902K	50x	as long as short
Extended SKHY-USD	0.0000%	1h	188.98	−0.029%	$55K	$4K	10x	as long as short
Binance SKHYUSDT	0.0000%	8h	189.06	+0.013%	$212.0M	$379.2M	50x	as long as short
Bybit SKHYUSDT	0.0000%	8h	189.06	+0.012%	$15.8M	$26.4M	100x	as long as short
OKX SKHY-USDT-SWAP	0.0000%	8h	189.11	+0.039%	$46.9M	$61.0M	50x	as long as short
Gate SKHY_USDT	0.0000%	8h	189.00	−0.019%	$26.0M	$17.9M	75x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget SKHYUSDT	0.0000%	8h	189.06	+0.012%	$25.6M	$25.2M	20x	as long as short
Variational Omni SKHYshort	0.0000%	8h	188.97	−0.035%	$1.5M	$2.5M	—
GRVT SKHY_USDT_Perp	0.0000%	8h	189.09	+0.028%	$22K	$214K	10x	as long as short
SunX SKHY-USDT	0.0000%	8h	189.29	+0.134%	$693	$7.3M	10x	as long as short
Deribit SKHY_USDC-PERPETUAL	0.0000%	1h	189.01	−0.014%	$45K	$238K	10x	as long as short
HTX SKHY-USDT	0.0000%	8h	188.98	−0.030%	$155K	$400K	50x	as long as short
Phemex SKHYUSDT	0.0000%	8h	188.98	−0.030%	$1.5M	$1.1M	10x	as long as short
Lighter SKHY	+0.0032%	1h	188.95	−0.046%	$1.0M	$717K	10x	as long as short
Lighter RH SKHY	+0.0032%	1h	188.89	−0.077%	$1.1M	$1.4M	10x	as long as short
Arcus SKHY-USD	+0.0040%	1h	189.00	−0.019%	$56K	$156K	10x	as long as short
Vest SKHY-USD-PERP	+0.0046%	1h	188.99	−0.025%	—	$12K	10x	as long as short
Popdex SKHYUSDT	+0.0048%	1h	189.07	+0.018%	$202K	$241K	20x	as long as short
tradeXYZ xyz:SKHY	+0.0050%	1h	189.02	−0.009%	$164.7M	$64.9M	10x	as long as short
Polymarket Perps SKHY-USD	+0.0050%	1h	188.94	−0.051%	$186K	$923K	10x	as long as short
SoDEX SKHY-USD	+0.0050%	1h	188.98	−0.030%	$42K	$13K	10x	as long as short
Ondo Perps SKHY-USD.P	+0.0050%	1h	189.05	+0.007%	$542K	$996K	10x	as long as short
Orderly PERP_SKHY_USDC_mythos	+0.0100%	8h	188.99	−0.025%	$2K	$5K	10x	as long as short
BloFin SKHY-USDT	+0.0120%	8h	188.91	−0.067%	$2.2M	$431K	50x	as long as short
Coinbase International SKHY-PERP-INTX	+0.0240%	1h	188.78	−0.136%	$168K	$685K	10x	as long as short
Phoenix SKHY	+0.0297%	1h	189.15	+0.060%	$213K	$128K	10x	as long as short
Kraken Futures PF_SKHYUSD	+0.0870%	1h	189.15	+0.058%	$50K	$24K	20x	as long as short