Funding arb · Price arb /

SKHY

RWAall SKHY markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0104%/8h= −11.4% APRpaid last 24h +0.008%

Price spread now: Coinbase International against OKX+0.216%7-day average +0.119% · you sell dearer than you buy

Net, funding: paid 7d − costs−$44as in the Funding arb table

Net, price: spread back to 7d avg − costs−$23as in the Price arb table

costs, in and out, $10k−$330.333% of the position

Long on OKX Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days−0.110%−$11 on $10k

Price spread, last 4 days (all we have)−0.133%−$13 · spread now +0.216%, 7d avg +0.119%

Together, before fees−0.243%−$24 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Coinbase International is 0.098% dearer against OKX than usual: you sell high and buy low (spread +0.216% now, against its 7-day average of +0.119%): +$10 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 3.1 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX SKHY-USDT-SWAP	189.45	0	get 0.0000% / 8h	3h 19m	$44.9M	$73.4M	50x
Short	Coinbase International SKHY-PERP-INTX	189.86	−0.0104	pay 0.0013% / 1h	19m 16s	$36K	$876K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International 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 Coinbase InternationalbpOrdersPrice spread, now +0.216%Rate

Funding earned: −$21.84
Price spread: +0.216% → +0.119%: $9.78
Slippage, 4 orders: −$13.28
Fee OKX: 5 bp × 2 orders: −$10
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$45.34
Costs to cover: 0.333%
Break-even: never at this rate

Slippage from OKX: live order book, 5 min ago; Coinbase International: live order book, 34 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	5.5 bp −$5	7.2 bp −$72	40.9 bp −$4,087	doesn't fit
Sell Coinbase International live order book, 34 min ago	5.22 bp	10.2 bp −$10	14.9 bp −$149	doesn't fit	doesn't fit

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	−0.0627%	4h	189.69	+0.128%	$572K	$291K	10x	as long as short
Coinbase International SKHY-PERP-INTXshort	−0.0104%	1h	189.86	+0.216%	$36K	$876K	10x
tradeXYZ xyz:SKHY	−0.0018%	1h	189.41	−0.021%	$158.7M	$69.7M	10x	as long as short
Aster SKHYUSDT	0.0000%	8h	189.52	+0.037%	$245K	$894K	50x	as long as short
Extended SKHY-USD	0.0000%	1h	189.41	−0.021%	$55K	$7K	10x	as long as short
Binance SKHYUSDT	0.0000%	8h	189.46	+0.005%	$199.8M	$408.9M	50x	as long as short
Bybit SKHYUSDT	0.0000%	8h	189.48	+0.016%	$15.4M	$28.8M	100x	as long as short
OKX SKHY-USDT-SWAPlong	0.0000%	8h	189.45	long leg	$44.9M	$73.4M	50x
Gate SKHY_USDT	0.0000%	8h	189.42	−0.016%	$25.3M	$19.8M	75x	as long as short
Bitget SKHYUSDT	0.0000%	8h	189.51	+0.032%	$24.2M	$29.1M	20x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni SKHY	0.0000%	8h	189.71	+0.138%	$1.6M	$1.1M	—	as long as short
GRVT SKHY_USDT_Perp	0.0000%	8h	189.69	+0.125%	$22K	$216K	10x	as long as short
SunX SKHY-USDT	0.0000%	8h	189.76	+0.164%	$695	$6.2M	10x	as long as short
Deribit SKHY_USDC-PERPETUAL	0.0000%	1h	189.47	+0.011%	$48K	$328K	10x	as long as short
HTX SKHY-USDT	0.0000%	8h	189.40	−0.026%	$158K	$369K	50x	as long as short
Phemex SKHYUSDT	0.0000%	8h	189.45	0.000%	$1.5M	$1.1M	10x	as long as short
QFEX SKHY-USD	+0.0011%	1h	189.47	+0.011%	$1.2M	$4.1M	10x	as long as short
Lighter SKHY	+0.0024%	1h	189.27	−0.095%	$998K	$717K	10x	as long as short
Lighter RH SKHY	+0.0032%	1h	189.36	−0.048%	$1.0M	$1.5M	10x	as long as short
Nado SKHY-PERP	+0.0033%	1h	189.53	+0.043%	$33K	$28K	10x	as long as short
Arcus SKHY-USD	+0.0040%	1h	189.56	+0.058%	$58K	$164K	10x	as long as short
Vest SKHY-USD-PERP	+0.0046%	1h	189.53	+0.042%	—	$12K	10x	as long as short
Popdex SKHYUSDT	+0.0048%	1h	189.51	+0.032%	$200K	$257K	20x	as long as short
Polymarket Perps SKHY-USD	+0.0050%	1h	189.38	−0.037%	$183K	$470K	10x	as long as short
SoDEX SKHY-USD	+0.0050%	1h	189.43	−0.011%	$42K	$13K	10x	as long as short
Ondo Perps SKHY-USD.P	+0.0050%	1h	189.62	+0.090%	$528K	$2.6M	10x	as long as short
KuCoin SKHYUSDTM	+0.0100%	8h	189.52	+0.037%	$1.1M	$315K	20x	as long as short
Orderly PERP_SKHY_USDC_mythos	+0.0100%	8h	189.46	+0.005%	$2K	$4K	10x	as long as short
BloFin SKHY-USDT	+0.0120%	8h	189.45	0.000%	$2.2M	$436K	50x	as long as short
Phoenix SKHY	+0.0375%	1h	189.58	+0.069%	$212K	$124K	10x	as long as short
Kraken Futures PF_SKHYUSD	+0.0691%	1h	189.53	+0.042%	$48K	$19K	20x	as long as short