Funding arb · Price arb /

SKHY

RWAall SKHY markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0061%/8h= +6.6% APRpaid last 24h −0.014%

Price spread now: Bitget against Ondo Perps+0.036%50s7-day average +0.029% · you sell dearer than you buy

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

Long on Ondo Perps Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days−0.047%−$5 on $10k

Price spread, last 4 days (all we have)+0.042%+$4 · spread now +0.036%, 7d avg +0.029%

Together, before fees−0.005%+ Points / potential airdropOndo Perps: Active · farm board−$1 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.029%, so right now this pair is about funding alone: +$2 a day on $10k at the current rate. The two prices were read 50 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	192.54	0.0050	pay 0.0006% / 1h	29m 52s	$552K	$1.7M	10x
Short	Bitget SKHYUSDT	192.61	0.0111	get 0.0111% / 8h	7h 29m	$25.6M	$26.5M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against Ondo Perps. 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 Ondo PerpsbpFee BitgetbpOrdersPrice spread, now +0.036%Rate

Funding earned: $12.73
Price spread: +0.036% → +0.029%: $0.71
Slippage, 4 orders: no order book: not counted
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$3.57
Costs to cover: 0.170%
Break-even: 9.0 days

Slippage unknown: Ondo Perps: no order-book sample; Bitget: live order book, 4 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 Bitget live order book, 4 min ago	0.78 bp	9.0 bp −$9	19.2 bp −$192	23.0 bp −$2,301	38.2 bp −$19.1K

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	−0.0222%	4h	192.55	+0.003%	$580K	$290K	10x	as long as short
Nado SKHY-PERP	−0.0009%	1h	192.57	+0.016%	$29K	$2K	10x	as long as short
Aster SKHYUSDT	0.0000%	8h	192.39	−0.080%	$248K	$921K	50x	as long as short
Extended SKHY-USD	0.0000%	1h	192.59	+0.026%	$56K	$6K	10x	as long as short
Binance SKHYUSDT	0.0000%	8h	192.63	+0.049%	$212.1M	$381.8M	50x	as long as short
Bybit SKHYUSDT	0.0000%	8h	192.64	+0.052%	$15.6M	$27.1M	100x	as long as short
OKX SKHY-USDT-SWAP	0.0000%	8h	192.76	+0.114%	$47.0M	$67.2M	50x	as long as short
Gate SKHY_USDT	0.0000%	8h	192.60	+0.031%	$25.9M	$18.2M	75x	as long as short
Variational Omni SKHY	0.0000%	8h	192.49	−0.028%	$1.6M	$2.3M	—	as long as short
SunX SKHY-USDT	0.0000%	8h	192.90	+0.187%	$706	$6.8M	10x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX SKHY-USDT	0.0000%	8h	192.51	−0.016%	$160K	$386K	50x	as long as short
Phemex SKHYUSDT	0.0000%	8h	192.59	+0.026%	$1.5M	$1.1M	10x	as long as short
QFEX SKHY-USD	+0.0005%	1h	192.57	+0.016%	$1.2M	$5.0M	10x	as long as short
Deribit SKHY_USDC-PERPETUAL	+0.0010%	1h	192.58	+0.021%	$47K	$267K	10x	as long as short
Lighter SKHY	+0.0032%	1h	192.60	+0.031%	$1.0M	$666K	10x	as long as short
Lighter RH SKHY	+0.0032%	1h	192.46	−0.042%	$1.1M	$1.5M	10x	as long as short
Arcus SKHY-USD	+0.0040%	1h	192.52	−0.010%	$57K	$154K	10x	as long as short
Vest SKHY-USD-PERP	+0.0046%	1h	192.57	+0.016%	—	$12K	10x	as long as short
Popdex SKHYUSDT	+0.0048%	1h	192.59	+0.026%	$197K	$257K	20x	as long as short
Polymarket Perps SKHY-USD	+0.0050%	1h	192.53	−0.005%	$190K	$454K	10x	as long as short
Ondo Perps SKHY-USD.Plong	+0.0050%	1h	192.54	long leg	$552K	$1.7M	10x
SoDEX SKHY-USD	+0.0088%	1h	192.54	0.000%	$43K	$13K	10x	as long as short
Coinbase International SKHY-PERP-INTX	+0.0088%	1h	192.17	−0.192%	$117K	$803K	10x	as long as short
KuCoin SKHYUSDTM	+0.0096%	8h	192.55	+0.005%	$1.1M	$275K	20x	as long as short
Orderly PERP_SKHY_USDC_mythos	+0.0100%	8h	192.55	+0.005%	$2K	$4K	10x	as long as short
tradeXYZ xyz:SKHY	+0.0111%	1h	192.58	+0.021%	$165.4M	$63.8M	10x	as long as short
Bitget SKHYUSDTshort	+0.0111%	8h	192.61	+0.036%	$25.6M	$26.5M	20x
BloFin SKHY-USDT	+0.0120%	8h	192.52	−0.010%	$2.2M	$425K	50x	as long as short
Phoenix SKHY	+0.0335%	1h	192.45	−0.047%	$217K	$120K	10x	as long as short
GRVT SKHY_USDT_Perp	+0.0423%	8h	192.41	−0.068%	$22K	$197K	10x	as long as short
Kraken Futures PF_SKHYUSD	+0.0710%	1h	192.76	+0.115%	$51K	$25K	20x	as long as short