Funding arb · Price arb /

SKHY

RWAall SKHY markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0698%/8h= −76.4% APRpaid last 24h +0.004%

Price spread now: edgeX against Ondo Perps−0.020%7-day average +0.020% · you buy dearer than you sell

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

Long on Ondo Perps Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.638%+$64 on $10k

Price spread, last 3 days (all we have)+0.144%+$14 · spread now −0.020%, 7d avg +0.020%

Together, before fees+0.782%+ Points / potential airdropOndo Perps: Active · edgeX: Active · farm board+$78 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$21 a day on $10k at the current rate, and edgeX is 0.040% cheaper against Ondo Perps than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of +0.020%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.638%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Ondo Perps SKHY-USD.P	189.65	0.0050	pay 0.0006% / 1h	14m 55s	$558K	$1.2M	10x
Short	edgeX SKHYUSDC	189.61	−0.0648	pay 0.0324% / 4h	14m 55s	$572K	$291K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX 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 edgeXbpOrdersPrice spread, now −0.020%Rate

Funding earned: −$146.6
Price spread: −0.020% → +0.020%: −$4.01
Slippage, 4 orders: no order book: not counted
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$164.61
Costs to cover: 0.140%
Break-even: never at this rate

Slippage unknown: Ondo Perps: no order-book sample; edgeX: live order book, 64 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 edgeX live order book, 64 min ago	1.06 bp	5.9 bp −$6	11.6 bp −$116	doesn't fit	doesn't fit

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 SKHYUSDCshort	−0.0648%	4h	189.61	−0.020%	$572K	$291K	10x
Nado SKHY-PERP	−0.0043%	1h	189.63	−0.013%	$28K	$2K	10x	as long as short
QFEX SKHY-USD	0.0000%	1h	189.58	−0.037%	$1.2M	$5.3M	10x	as long as short
Aster SKHYUSDT	0.0000%	8h	189.63	−0.012%	$252K	$903K	50x	as long as short
Extended SKHY-USD	0.0000%	1h	189.57	−0.040%	$55K	$4K	10x	as long as short
Binance SKHYUSDT	0.0000%	8h	189.59	−0.032%	$212.0M	$377.9M	50x	as long as short
Bybit SKHYUSDT	0.0000%	8h	189.66	+0.005%	$15.7M	$27.0M	100x	as long as short
OKX SKHY-USDT-SWAP	0.0000%	8h	189.60	−0.026%	$47.2M	$61.5M	50x	as long as short
Gate SKHY_USDT	0.0000%	8h	189.59	−0.032%	$26.1M	$17.8M	75x	as long as short
Bitget SKHYUSDT	0.0000%	8h	189.63	−0.011%	$25.4M	$25.7M	20x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni SKHY	0.0000%	8h	189.62	−0.017%	$1.6M	$2.5M	—	as long as short
GRVT SKHY_USDT_Perp	0.0000%	8h	189.64	−0.004%	$22K	$208K	10x	as long as short
SunX SKHY-USDT	0.0000%	8h	189.83	+0.095%	$695	$7.2M	10x	as long as short
Deribit SKHY_USDC-PERPETUAL	0.0000%	1h	189.60	−0.026%	$46K	$259K	10x	as long as short
HTX SKHY-USDT	0.0000%	8h	189.64	−0.005%	$155K	$401K	50x	as long as short
Phemex SKHYUSDT	0.0000%	8h	189.55	−0.053%	$1.5M	$1.1M	10x	as long as short
KuCoin SKHYUSDTM	+0.0012%	8h	189.51	−0.074%	$1.1M	$282K	20x	as long as short
Lighter SKHY	+0.0032%	1h	189.54	−0.058%	$1.0M	$691K	10x	as long as short
Lighter RH SKHY	+0.0032%	1h	189.53	−0.063%	$1.1M	$1.4M	10x	as long as short
Arcus SKHY-USD	+0.0040%	1h	189.61	−0.021%	$56K	$155K	10x	as long as short
Vest SKHY-USD-PERP	+0.0046%	1h	189.59	−0.032%	—	$12K	10x	as long as short
Popdex SKHYUSDT	+0.0048%	1h	189.57	−0.042%	$202K	$241K	20x	as long as short
tradeXYZ xyz:SKHY	+0.0050%	1h	189.53	−0.063%	$164.5M	$65.2M	10x	as long as short
Polymarket Perps SKHY-USD	+0.0050%	1h	189.55	−0.053%	$170K	$952K	10x	as long as short
SoDEX SKHY-USD	+0.0050%	1h	189.57	−0.042%	$42K	$13K	10x	as long as short
Ondo Perps SKHY-USD.Plong	+0.0050%	1h	189.65	long leg	$558K	$1.2M	10x
Orderly PERP_SKHY_USDC_mythos	+0.0100%	8h	189.61	−0.021%	$2K	$4K	10x	as long as short
BloFin SKHY-USDT	+0.0120%	8h	189.55	−0.053%	$2.2M	$415K	50x	as long as short
Coinbase International SKHY-PERP-INTX	+0.0128%	1h	189.72	+0.037%	$169K	$687K	10x	as long as short
Phoenix SKHY	+0.0380%	1h	189.87	+0.116%	$214K	$128K	10x	as long as short
Kraken Futures PF_SKHYUSD	+0.0951%	1h	189.67	+0.012%	$50K	$24K	20x	as long as short