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: HTX against Ondo Perps−0.088%7-day average −0.007% · you buy dearer than you sell

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

Long on Ondo Perps Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.083%−$8 on $10k

Price spread, last 3 days (all we have)+0.010%+$1 · spread now −0.088%, 7d avg −0.007%

Together, before fees−0.073%+ Points / potential airdropOndo Perps: Active · farm board−$7 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and HTX is 0.081% cheaper against Ondo Perps than usual: you would sell low and buy high (−$8 if the spread goes back to its 7-day average of −0.007%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Ondo Perps SKHY-USD.P	192.77	0.0050	pay 0.0006% / 1h	48m 09s	$569K	$2.1M	10x
Short	HTX SKHY-USDT	192.60	0	get 0.0000% / 8h	5h 48m	$160K	$368K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX 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 HTXbpOrdersPrice spread, now −0.088%Rate

Funding earned: −$10.58
Price spread: −0.088% → −0.007%: −$8.12
Slippage, 4 orders: no order book: not counted
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Fee HTX: 6 bp × 2 orders: −$12
Net: −$35.7
Costs to cover: 0.170%
Break-even: never at this rate

Slippage unknown: Ondo Perps: no order-book sample; HTX: live order book, 15 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 HTX live order book, 15 min ago	2.85 bp	8.9 bp −$9	10.8 bp −$108	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 30 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	−0.0107%	4h	193.03	+0.134%	$582K	$290K	10x	as long as short
Coinbase International SKHY-PERP-INTX	−0.0032%	1h	192.90	+0.067%	$45K	$874K	10x	as long as short
Aster SKHYUSDT	0.0000%	8h	192.59	−0.092%	$248K	$890K	50x	as long as short
Extended SKHY-USD	0.0000%	1h	192.56	−0.110%	$56K	$7K	10x	as long as short
Binance SKHYUSDT	0.0000%	8h	192.58	−0.099%	$208.0M	$385.5M	50x	as long as short
Bybit SKHYUSDT	0.0000%	8h	192.58	−0.099%	$15.7M	$27.3M	100x	as long as short
OKX SKHY-USDT-SWAP	0.0000%	8h	192.54	−0.119%	$46.8M	$69.1M	50x	as long as short
Gate SKHY_USDT	0.0000%	8h	192.48	−0.150%	$25.8M	$18.9M	75x	as long as short
Variational Omni SKHY	0.0000%	8h	193.08	+0.159%	$1.6M	$1.3M	—	as long as short
GRVT SKHY_USDT_Perp	0.0000%	8h	193.09	+0.166%	$22K	$193K	10x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX SKHY-USDT	0.0000%	8h	192.89	+0.062%	$706	$6.4M	10x	as long as short
HTX SKHY-USDTshort	0.0000%	8h	192.60	−0.088%	$160K	$368K	50x
Phemex SKHYUSDT	0.0000%	8h	192.59	−0.093%	$1.5M	$1.1M	10x	as long as short
QFEX SKHY-USD	+0.0004%	1h	192.57	−0.104%	$1.2M	$4.3M	10x	as long as short
Lighter SKHY	+0.0032%	1h	192.45	−0.166%	$1.0M	$687K	10x	as long as short
Lighter RH SKHY	+0.0032%	1h	192.46	−0.161%	$1.1M	$1.5M	10x	as long as short
Arcus SKHY-USD	+0.0040%	1h	192.89	+0.062%	$57K	$154K	10x	as long as short
Vest SKHY-USD-PERP	+0.0046%	1h	192.65	−0.062%	—	$11K	10x	as long as short
Popdex SKHYUSDT	+0.0048%	1h	192.62	−0.078%	$198K	$255K	20x	as long as short
tradeXYZ xyz:SKHY	+0.0050%	1h	192.49	−0.145%	$161.7M	$66.4M	10x	as long as short
Polymarket Perps SKHY-USD	+0.0050%	1h	192.54	−0.119%	$188K	$456K	10x	as long as short
SoDEX SKHY-USD	+0.0050%	1h	192.61	−0.083%	$43K	$13K	10x	as long as short
Ondo Perps SKHY-USD.Plong	+0.0050%	1h	192.77	long leg	$569K	$2.1M	10x
KuCoin SKHYUSDTM	+0.0100%	8h	192.62	−0.078%	$1.1M	$290K	20x	as long as short
Orderly PERP_SKHY_USDC_mythos	+0.0100%	8h	192.62	−0.078%	$2K	$4K	10x	as long as short
Nado SKHY-PERP	+0.0132%	1h	192.53	−0.124%	$38K	$26K	10x	as long as short
Deribit SKHY_USDC-PERPETUAL	+0.0165%	1h	192.65	−0.062%	$48K	$285K	10x	as long as short
Bitget SKHYUSDT	+0.0216%	8h	192.77	0.000%	$25.6M	$26.4M	20x	as long as short
Phoenix SKHY	+0.0332%	1h	193.23	+0.239%	$216K	$124K	10x	as long as short
Kraken Futures PF_SKHYUSD	+0.0547%	1h	192.68	−0.046%	$51K	$17K	20x	as long as short