Funding arb · Price arb /

SKHY

RWAall SKHY markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0050%/8h= −5.5% APRpaid last 24h −0.015%

Price spread now: Binance against Ondo Perps+0.026%46s7-day average +0.039% · you sell dearer than you buy

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

Long on Ondo Perps Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.103%−$10 on $10k

Price spread, last 7 days+0.261%+$26 · spread now +0.026%, 7d avg +0.039%

Together, before fees+0.158%+ Points / potential airdropOndo Perps: Active · farm board+$16 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.039%, so right now this pair is about funding alone: −$2 a day on $10k at the current rate. The two prices were read 46 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Ondo Perps SKHY-USD.P	192.87	0.0050	pay 0.0006% / 1h	30m 52s	$585K	$2.2M	10x
Short	Binance SKHYUSDT	192.92	0	get 0.0000% / 8h	5h 30m	$206.7M	$389.2M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Ondo Perps. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 Ondo PerpsbpFee BinancebpOrdersPrice spread, now +0.026%Rate

Funding earned: −$10.58
Price spread: +0.026% → +0.039%: −$1.27
Slippage, 4 orders: no order book: not counted
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Fee Binance: 5 bp × 2 orders: −$10
Net: −$26.86
Costs to cover: 0.150%
Break-even: never at this rate

Slippage unknown: Ondo Perps: no order-book sample; Binance: live order book, 13 min ago. 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 Ondo Perps no order-book sample	—	—	—	—	—
Sell Binance live order book, 13 min ago	0.26 bp	5.3 bp −$5	6.9 bp −$69	24.5 bp −$2,450	101.6 bp −$50.8K

Ondo Perps: 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	−0.0262%	4h	192.97	+0.054%	$582K	$291K	10x	as long as short
Coinbase International SKHY-PERP-INTX	−0.0032%	1h	192.90	+0.016%	$45K	$874K	10x	as long as short
Aster SKHYUSDT	0.0000%	8h	192.92	+0.025%	$248K	$890K	50x	as long as short
Extended SKHY-USD	0.0000%	1h	192.90	+0.014%	$56K	$7K	10x	as long as short
Binance SKHYUSDTshort	0.0000%	8h	192.92	+0.026%	$206.7M	$389.2M	50x
Bybit SKHYUSDT	0.0000%	8h	192.95	+0.041%	$15.7M	$27.3M	100x	as long as short
OKX SKHY-USDT-SWAP	0.0000%	8h	192.92	+0.026%	$46.8M	$69.4M	50x	as long as short
Gate SKHY_USDT	0.0000%	8h	192.88	+0.005%	$25.8M	$19.0M	75x	as long as short
Variational Omni SKHY	0.0000%	8h	192.94	+0.034%	$1.6M	$1.2M	—	as long as short
GRVT SKHY_USDT_Perp	0.0000%	8h	193.03	+0.083%	$23K	$194K	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	193.27	+0.207%	$707	$6.4M	10x	as long as short
HTX SKHY-USDT	0.0000%	8h	192.87	0.000%	$160K	$368K	50x	as long as short
Phemex SKHYUSDT	0.0000%	8h	192.99	+0.062%	$1.5M	$1.1M	10x	as long as short
QFEX SKHY-USD	+0.0004%	1h	192.88	+0.005%	$1.2M	$4.3M	10x	as long as short
Lighter SKHY	+0.0032%	1h	192.81	−0.031%	$1.0M	$688K	10x	as long as short
Lighter RH SKHY	+0.0032%	1h	192.83	−0.021%	$1.1M	$1.5M	10x	as long as short
Arcus SKHY-USD	+0.0040%	1h	192.87	0.000%	$57K	$154K	10x	as long as short
Vest SKHY-USD-PERP	+0.0046%	1h	192.88	+0.005%	—	$11K	10x	as long as short
Popdex SKHYUSDT	+0.0048%	1h	192.96	+0.047%	$199K	$255K	20x	as long as short
tradeXYZ xyz:SKHY	+0.0050%	1h	192.86	−0.005%	$161.4M	$67.2M	10x	as long as short
Polymarket Perps SKHY-USD	+0.0050%	1h	192.85	−0.010%	$188K	$456K	10x	as long as short
SoDEX SKHY-USD	+0.0050%	1h	192.92	+0.026%	$43K	$13K	10x	as long as short
Ondo Perps SKHY-USD.Plong	+0.0050%	1h	192.87	long leg	$585K	$2.2M	10x
KuCoin SKHYUSDTM	+0.0100%	8h	192.91	+0.021%	$1.1M	$290K	20x	as long as short
Orderly PERP_SKHY_USDC_mythos	+0.0100%	8h	192.95	+0.041%	$2K	$4K	10x	as long as short
BloFin SKHY-USDT	+0.0120%	8h	192.97	+0.052%	$2.3M	$446K	50x	as long as short
Bitget SKHYUSDT	+0.0140%	8h	192.99	+0.062%	$25.4M	$26.7M	20x	as long as short
Nado SKHY-PERP	+0.0167%	1h	192.95	+0.039%	$38K	$26K	10x	as long as short
Deribit SKHY_USDC-PERPETUAL	+0.0217%	1h	192.93	+0.031%	$49K	$295K	10x	as long as short
Phoenix SKHY	+0.0332%	1h	193.13	+0.135%	$216K	$124K	10x	as long as short
Kraken Futures PF_SKHYUSD	+0.0546%	1h	192.98	+0.056%	$51K	$17K	20x	as long as short