Funding arb · Price arb /

SKHY

RWAall SKHY markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.016%

Price spread now: Deribit against OKX+0.021%7-day average +0.025% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$42as in the Price arb table

costs, in and out, $10k−$410.412% of the position

Long on OKX Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.042%−$4 on $10k

Price spread, last 3 days (all we have)+0.012%+$1 · spread now +0.021%, 7d avg +0.025%

Together, before fees−0.030%−$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	192.29	0	get 0.0000% / 8h	7h 51m	$47.7M	$63.5M	50x
Short	Deribit SKHY_USDC-PERPETUAL	192.33	0	get 0.0000% / 1h	51m 14s	$46K	$259K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit 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 DeribitbpOrdersPrice spread, now +0.021%Rate

Funding earned: $0
Price spread: +0.021% → +0.025%: −$0.39
Slippage, 4 orders: −$24.23
Fee OKX: 5 bp × 2 orders: −$10
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$41.62
Costs to cover: 0.412%
Break-even: never at this rate

Slippage from OKX: live order book, 3 min ago; Deribit: live order book, 22 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, 3 min ago	0.26 bp	5.3 bp −$5	7.2 bp −$72	32.4 bp −$3,242	doesn't fit
Sell Deribit live order book, 22 min ago	10.29 bp	15.4 bp −$15	18.7 bp −$187	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	−0.0915%	4h	192.39	+0.054%	$580K	$289K	10x	as long as short
Nado SKHY-PERP	−0.0118%	1h	192.44	+0.078%	$29K	$2K	10x	as long as short
Aster SKHYUSDT	0.0000%	8h	192.27	−0.010%	$255K	$905K	50x	as long as short
Extended SKHY-USD	0.0000%	1h	192.30	+0.004%	$56K	$6K	10x	as long as short
Binance SKHYUSDT	0.0000%	8h	192.33	+0.022%	$213.2M	$383.4M	50x	as long as short
Bybit SKHYUSDT	0.0000%	8h	192.33	+0.021%	$15.8M	$27.4M	100x	as long as short
OKX SKHY-USDT-SWAPlong	0.0000%	8h	192.29	long leg	$47.7M	$63.5M	50x
Gate SKHY_USDT	0.0000%	8h	192.47	+0.094%	$26.4M	$17.3M	75x	as long as short
Bitget SKHYUSDT	0.0000%	8h	192.22	−0.036%	$25.4M	$26.3M	20x	as long as short
Variational Omni SKHY	0.0000%	8h	192.48	+0.096%	$1.6M	$2.4M	—	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX SKHY-USDT	0.0000%	8h	192.72	+0.224%	$705	$7.1M	10x	as long as short
Deribit SKHY_USDC-PERPETUALshort	0.0000%	1h	192.33	+0.021%	$46K	$259K	10x
HTX SKHY-USDT	0.0000%	8h	192.46	+0.088%	$159K	$393K	50x	as long as short
Phemex SKHYUSDT	0.0000%	8h	192.32	+0.016%	$1.5M	$1.1M	10x	as long as short
QFEX SKHY-USD	+0.0005%	1h	192.24	−0.026%	$1.2M	$5.3M	10x	as long as short
KuCoin SKHYUSDTM	+0.0031%	8h	192.18	−0.057%	$1.1M	$272K	20x	as long as short
Lighter SKHY	+0.0032%	1h	192.27	−0.010%	$1.0M	$618K	10x	as long as short
Lighter RH SKHY	+0.0032%	1h	192.19	−0.052%	$1.1M	$1.5M	10x	as long as short
Arcus SKHY-USD	+0.0040%	1h	192.19	−0.052%	$57K	$154K	10x	as long as short
Vest SKHY-USD-PERP	+0.0046%	1h	192.40	+0.057%	—	$13K	10x	as long as short
Popdex SKHYUSDT	+0.0048%	1h	192.41	+0.062%	$196K	$257K	20x	as long as short
Ondo Perps SKHY-USD.P	+0.0050%	1h	192.44	+0.078%	$536K	$1.4M	10x	as long as short
GRVT SKHY_USDT_Perp	+0.0053%	8h	192.35	+0.031%	$22K	$202K	10x	as long as short
Coinbase International SKHY-PERP-INTX	+0.0088%	1h	190.51	−0.926%	$171K	$682K	10x	as long as short
Orderly PERP_SKHY_USDC_mythos	+0.0100%	8h	192.32	+0.016%	$2K	$4K	10x	as long as short
BloFin SKHY-USDT	+0.0120%	8h	192.33	+0.021%	$2.2M	$427K	50x	as long as short
Phoenix SKHY	+0.0335%	1h	192.45	+0.083%	$217K	$120K	10x	as long as short
Kraken Futures PF_SKHYUSD	+0.0711%	1h	192.45	+0.082%	$51K	$25K	20x	as long as short
Polymarket Perps SKHY-USD	+0.0788%	1h	192.34	+0.026%	$192K	$389K	10x	as long as short
tradeXYZ xyz:SKHY	+0.0916%	1h	192.44	+0.078%	$166.5M	$64.2M	10x	as long as short
SoDEX SKHY-USD	+0.1183%	1h	192.34	+0.026%	$43K	$13K	10x	as long as short