Funding arb · Price arb /

SKHY

RWAall SKHY markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0171%/8h= +18.7% APRpaid last 24h +0.156%

Price spread now: Kraken Futures against OKX+0.203%7-day average — · you sell dearer than you buy

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

Long on OKX Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days+0.695%+$69 on $10k

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Both sides work for this trade now. Funding pays +$5 a day on $10k at the current rate, and Kraken Futures is 0.203% dearer against OKX than usual: you sell high and buy low: +$20 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX SKHY-USDT-SWAP	184.70	0	get 0.0000% / 8h	7h 36m	$43.8M	$81.6M	50x
Short	Kraken Futures PF_SKHYUSD	185.07	0.0171	get 0.0021% / 1h	36m 46s	$48K	$20K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures 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 Kraken FuturesbpOrdersPrice spread, now +0.203%Rate

Funding earned: $35.9
Price spread: +0.203% → 0.000%: $20.29
Slippage, 4 orders: no order book: not counted
Fee OKX: 5 bp × 2 orders: −$10
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: $36.19
Costs to cover: 0.200%
Break-even: from the start

Slippage unknown: OKX: live order book, 2 min ago; Kraken Futures: no order-book sample. 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 OKX live order book, 2 min ago	0.27 bp	6.0 bp −$6	8.4 bp −$84	43.4 bp −$4,344	doesn't fit
Sell Kraken Futures no order-book sample	—	—	—	—	—

Kraken Futures: 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	−0.1247%	8h	184.89	+0.103%	$25.5M	$34.7M	20x	as long as short
edgeX SKHYUSDC	−0.0952%	4h	184.87	+0.093%	$557K	$290K	10x	as long as short
GRVT SKHY_USDT_Perp	−0.0445%	8h	184.94	+0.132%	$22K	$243K	10x	as long as short
KuCoin SKHYUSDTM	−0.0224%	8h	184.89	+0.103%	$1.1M	$365K	20x	as long as short
Bybit SKHYUSDT	−0.0205%	8h	184.76	+0.032%	$16.3M	$32.5M	100x	as long as short
tradeXYZ xyz:SKHY	−0.0133%	1h	184.78	+0.043%	$156.9M	$77.7M	10x	as long as short
Nado SKHY-PERP	−0.0096%	1h	184.97	+0.148%	$33K	$28K	10x	as long as short
Ondo Perps SKHY-USD.P	−0.0067%	1h	184.93	+0.125%	$514K	$2.6M	10x	as long as short
Binance SKHYUSDT	−0.0030%	8h	184.85	+0.080%	$197.6M	$461.3M	50x	as long as short
QFEX SKHY-USD	−0.0028%	1h	184.98	+0.152%	$1.2M	$4.3M	10x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended SKHY-USD	−0.0024%	1h	184.95	+0.137%	$54K	$7K	10x	as long as short
HTX SKHY-USDT	−0.0007%	8h	184.89	+0.103%	$153K	$370K	50x	as long as short
Aster SKHYUSDT	0.0000%	8h	184.94	+0.130%	$229K	$951K	50x	as long as short
OKX SKHY-USDT-SWAPlong	0.0000%	8h	184.70	long leg	$43.8M	$81.6M	50x
Gate SKHY_USDT	0.0000%	8h	184.86	+0.087%	$25.8M	$21.2M	75x	as long as short
Variational Omni SKHY	0.0000%	8h	185.15	+0.246%	$1.6M	$1.0M	—	as long as short
SunX SKHY-USDT	0.0000%	8h	185.28	+0.314%	$678	$5.9M	10x	as long as short
Phemex SKHYUSDT	0.0000%	8h	185.02	+0.173%	$1.5M	$1.1M	10x	as long as short
Lighter SKHY	+0.0008%	1h	184.77	+0.038%	$984K	$1.3M	10x	as long as short
Popdex SKHYUSDT	+0.0008%	1h	185.01	+0.168%	$201K	$288K	20x	as long as short
Coinbase International SKHY-PERP-INTX	+0.0024%	1h	187.58	+1.559%	$68K	$784K	10x	as long as short
Lighter RH SKHY	+0.0032%	1h	184.72	+0.011%	$1.1M	$1.5M	10x	as long as short
Arcus SKHY-USD	+0.0040%	1h	184.93	+0.125%	$59K	$171K	10x	as long as short
Vest SKHY-USD-PERP	+0.0046%	1h	184.88	+0.097%	—	$34K	10x	as long as short
Polymarket Perps SKHY-USD	+0.0050%	1h	184.95	+0.135%	$179K	$451K	10x	as long as short
SoDEX SKHY-USD	+0.0050%	1h	184.92	+0.119%	$41K	$12K	10x	as long as short
Deribit SKHY_USDC-PERPETUAL	+0.0074%	1h	185.04	+0.184%	$47K	$353K	10x	as long as short
BloFin SKHY-USDT	+0.0092%	8h	184.98	+0.152%	$2.1M	$437K	50x	as long as short
Orderly PERP_SKHY_USDC_mythos	+0.0100%	8h	184.96	+0.141%	$2K	$4K	10x	as long as short
Kraken Futures PF_SKHYUSDshort	+0.0171%	1h	185.07	+0.203%	$48K	$20K	20x
Phoenix SKHY	+0.0215%	1h	185.14	+0.238%	$207K	$123K	10x	as long as short