Funding arb · Price arb /

SKHY

RWAall SKHY markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0022%/8h= +2.4% APRpaid last 24h −0.037%

Price spread now: Nado against OKX−0.049%7-day average — · you buy dearer than you sell

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

Long on OKX Short on Nado

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 · farm boardneeds both histories

Funding pays, the price is against you. Nado is 0.049% cheaper against OKX than usual: you would sell low and buy high (spread −0.049% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$5 on $10k: about 7.5 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	OKX SKHY-USDT-SWAP	192.75	0	get 0.0000% / 8h	6h 38m	$46.8M	$69.0M	50x
Short	Nado SKHY-PERP	192.66	0.0022	get 0.0003% / 1h	38m 58s	$42K	$21K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado 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 NadobpOrdersPrice spread, now −0.049%Rate

Funding earned: $4.56
Price spread: −0.049% → 0.000%: −$4.91
Slippage, 4 orders: no order book: not counted
Fee OKX: 5 bp × 2 orders: −$10
Fee Nado: 3.5 bp × 2 orders: −$7
Net: −$17.35
Costs to cover: 0.170%
Break-even: 33.6 days

Slippage unknown: OKX: live order book, 5 min ago; Nado: 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, 5 min ago	0.26 bp	5.3 bp −$5	5.6 bp −$56	31.9 bp −$3,193	doesn't fit
Sell Nado no order-book sample	—	—	—	—	—

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	−0.0332%	4h	192.69	−0.032%	$581K	$289K	10x	as long as short
Coinbase International SKHY-PERP-INTX	−0.0072%	1h	192.90	+0.078%	$45K	$874K	10x	as long as short
Aster SKHYUSDT	0.0000%	8h	192.74	−0.004%	$248K	$890K	50x	as long as short
Extended SKHY-USD	0.0000%	1h	192.65	−0.052%	$56K	$7K	10x	as long as short
Binance SKHYUSDT	0.0000%	8h	192.70	−0.026%	$210.3M	$385.0M	50x	as long as short
Bybit SKHYUSDT	0.0000%	8h	192.70	−0.026%	$15.6M	$27.2M	100x	as long as short
OKX SKHY-USDT-SWAPlong	0.0000%	8h	192.75	long leg	$46.8M	$69.0M	50x
Gate SKHY_USDT	0.0000%	8h	192.67	−0.042%	$25.8M	$18.8M	75x	as long as short
Variational Omni SKHY	0.0000%	8h	192.94	+0.096%	$1.6M	$2.2M	—	as long as short
GRVT SKHY_USDT_Perp	0.0000%	8h	192.94	+0.099%	$22K	$192K	10x	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	192.97	+0.114%	$706	$6.6M	10x	as long as short
Deribit SKHY_USDC-PERPETUAL	0.0000%	1h	192.74	−0.005%	$48K	$270K	10x	as long as short
HTX SKHY-USDT	0.0000%	8h	192.80	+0.026%	$160K	$376K	50x	as long as short
Phemex SKHYUSDT	0.0000%	8h	192.74	−0.005%	$1.5M	$1.1M	10x	as long as short
QFEX SKHY-USD	+0.0002%	1h	192.63	−0.062%	$1.2M	$4.6M	10x	as long as short
Nado SKHY-PERPshort	+0.0022%	1h	192.66	−0.049%	$42K	$21K	10x
Lighter SKHY	+0.0032%	1h	192.60	−0.078%	$1.0M	$680K	10x	as long as short
Lighter RH SKHY	+0.0032%	1h	192.62	−0.067%	$1.1M	$1.5M	10x	as long as short
Arcus SKHY-USD	+0.0040%	1h	192.81	+0.031%	$57K	$154K	10x	as long as short
Vest SKHY-USD-PERP	+0.0046%	1h	192.70	−0.026%	—	$12K	10x	as long as short
Popdex SKHYUSDT	+0.0048%	1h	192.68	−0.036%	$197K	$256K	20x	as long as short
tradeXYZ xyz:SKHY	+0.0050%	1h	192.67	−0.042%	$162.8M	$65.2M	10x	as long as short
Polymarket Perps SKHY-USD	+0.0050%	1h	192.60	−0.078%	$188K	$456K	10x	as long as short
SoDEX SKHY-USD	+0.0050%	1h	192.69	−0.031%	$43K	$13K	10x	as long as short
Ondo Perps SKHY-USD.P	+0.0050%	1h	192.91	+0.083%	$533K	$1.8M	10x	as long as short
KuCoin SKHYUSDTM	+0.0100%	8h	192.75	0.000%	$1.1M	$279K	20x	as long as short
Orderly PERP_SKHY_USDC_mythos	+0.0100%	8h	192.74	−0.005%	$2K	$4K	10x	as long as short
BloFin SKHY-USDT	+0.0120%	8h	193.08	+0.171%	$2.3M	$445K	50x	as long as short
Phoenix SKHY	+0.0331%	1h	192.94	+0.099%	$216K	$123K	10x	as long as short
Bitget SKHYUSDT	+0.0368%	8h	192.76	+0.005%	$25.5M	$26.4M	20x	as long as short
Kraken Futures PF_SKHYUSD	+0.0707%	1h	192.74	−0.005%	$51K	$17K	20x	as long as short