Funding arb · Price arb /

SKHY

RWAall SKHY markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Binance against OKX−0.021%7-day average −0.007% · you buy dearer than you sell

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

Net, price: spread back to 7d avg − costs−$24as in the Price arb table

costs, in and out, $10k−$220.224% of the position

Long on OKX Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.044%−$4 on $10k

Price spread, last 2 days (all we have)+0.017%+$2 · spread now −0.021%, 7d avg −0.007%

Together, before fees−0.027%−$3 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX SKHY-USDT-SWAP	193.27	0	get 0.0000% / 8h	7h 03m	$46.9M	$68.4M	50x
Short	Binance SKHYUSDT	193.23	0	get 0.0000% / 8h	7h 03m	$211.5M	$385.0M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against OKX. 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 OKXbpFee BinancebpOrdersPrice spread, now −0.021%Rate

Funding earned: $0
Price spread: −0.021% → −0.007%: −$1.32
Slippage, 4 orders: −$2.45
Fee OKX: 5 bp × 2 orders: −$10
Fee Binance: 5 bp × 2 orders: −$10
Net: −$23.77
Costs to cover: 0.224%
Break-even: never at this rate

Slippage from OKX: live order book, 5 min ago; Binance: live order book, 10 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 OKX live order book, 5 min ago	0.26 bp	5.7 bp −$6	8.5 bp −$85	30.4 bp −$3,037	doesn't fit
Sell Binance live order book, 10 min ago	0.26 bp	5.3 bp −$5	6.9 bp −$69	19.9 bp −$1,987	90.3 bp −$45.2K

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	−0.0141%	4h	193.40	+0.068%	$583K	$290K	10x	as long as short
Nado SKHY-PERP	−0.0024%	1h	193.29	+0.011%	$44K	$20K	10x	as long as short
Aster SKHYUSDT	0.0000%	8h	193.14	−0.066%	$249K	$890K	50x	as long as short
Extended SKHY-USD	0.0000%	1h	193.18	−0.048%	$56K	$7K	10x	as long as short
Binance SKHYUSDTshort	0.0000%	8h	193.23	−0.021%	$211.5M	$385.0M	50x
Bybit SKHYUSDT	0.0000%	8h	193.28	+0.005%	$15.6M	$27.0M	100x	as long as short
OKX SKHY-USDT-SWAPlong	0.0000%	8h	193.27	long leg	$46.9M	$68.4M	50x
Gate SKHY_USDT	0.0000%	8h	193.23	−0.021%	$25.8M	$18.8M	75x	as long as short
Variational Omni SKHY	0.0000%	8h	193.46	+0.098%	$1.6M	$2.3M	—	as long as short
SunX SKHY-USDT	0.0000%	8h	193.67	+0.207%	$709	$6.7M	10x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Deribit SKHY_USDC-PERPETUAL	0.0000%	1h	193.29	+0.010%	$48K	$269K	10x	as long as short
HTX SKHY-USDT	0.0000%	8h	193.32	+0.026%	$160K	$380K	50x	as long as short
Phemex SKHYUSDT	0.0000%	8h	193.29	+0.010%	$1.5M	$1.1M	10x	as long as short
QFEX SKHY-USD	+0.0005%	1h	193.25	−0.010%	$1.2M	$5.0M	10x	as long as short
Lighter SKHY	+0.0032%	1h	193.19	−0.041%	$1.0M	$697K	10x	as long as short
Lighter RH SKHY	+0.0032%	1h	193.16	−0.057%	$1.1M	$1.5M	10x	as long as short
Arcus SKHY-USD	+0.0040%	1h	193.35	+0.041%	$57K	$153K	10x	as long as short
Vest SKHY-USD-PERP	+0.0046%	1h	193.33	+0.031%	—	$12K	10x	as long as short
Popdex SKHYUSDT	+0.0048%	1h	193.24	−0.016%	$197K	$258K	20x	as long as short
tradeXYZ xyz:SKHY	+0.0050%	1h	193.25	−0.010%	$163.6M	$66.6M	10x	as long as short
Polymarket Perps SKHY-USD	+0.0050%	1h	193.29	+0.010%	$190K	$454K	10x	as long as short
SoDEX SKHY-USD	+0.0050%	1h	193.31	+0.021%	$43K	$13K	10x	as long as short
Ondo Perps SKHY-USD.P	+0.0050%	1h	193.39	+0.062%	$542K	$1.7M	10x	as long as short
Coinbase International SKHY-PERP-INTX	+0.0088%	1h	193.24	−0.016%	$54K	$870K	10x	as long as short
KuCoin SKHYUSDTM	+0.0100%	8h	193.30	+0.016%	$1.1M	$278K	20x	as long as short
Orderly PERP_SKHY_USDC_mythos	+0.0100%	8h	193.31	+0.021%	$2K	$4K	10x	as long as short
BloFin SKHY-USDT	+0.0120%	8h	193.44	+0.088%	$2.2M	$446K	50x	as long as short
Phoenix SKHY	+0.0335%	1h	193.32	+0.026%	$218K	$120K	10x	as long as short
GRVT SKHY_USDT_Perp	+0.0406%	8h	193.39	+0.062%	$23K	$192K	10x	as long as short
Bitget SKHYUSDT	+0.0425%	8h	193.27	0.000%	$25.8M	$26.9M	20x	as long as short
Kraken Futures PF_SKHYUSD	+0.0708%	1h	193.41	+0.072%	$51K	$17K	20x	as long as short