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= +5.4% APRpaid last 24h −0.008%

Price spread now: KuCoin against Ondo Perps−0.052%7-day average +0.012% · you buy dearer than you sell

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

Long on Ondo Perps Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.130%−$13 on $10k

Price spread, last 7 days+0.299%+$30 · spread now −0.052%, 7d avg +0.012%

Together, before fees+0.169%+ Points / potential airdropOndo Perps: Active · farm board+$17 on $10k · with fees, hour by hour

Funding pays, the price is against you. KuCoin is 0.064% cheaper against Ondo Perps than usual: you would sell low and buy high (spread −0.052% now, against its 7-day average of +0.012%). If the spread goes back, that is −$6 on $10k: about 4.3 days of funding at the current rate (+$1 a day). Mind the row above: over the last 7 days funding on this pair cost −0.130%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Ondo Perps SKHY-USD.P	192.47	0.0050	pay 0.0006% / 1h	47m 01s	$569K	$2.1M	10x
Short	KuCoin SKHYUSDTM	192.37	0.0100	get 0.0100% / 8h	5h 47m	$1.1M	$290K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now −0.052%Rate

Funding earned: $10.42
Price spread: −0.052% → +0.012%: −$6.44
Slippage, 4 orders: no order book: not counted
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$13.03
Costs to cover: 0.170%
Break-even: 15.8 days

Slippage unknown: Ondo Perps: no order-book sample; KuCoin: live order book, 3 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 KuCoin live order book, 3 min ago	2.85 bp	31.0 bp −$31	doesn't fit	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 SKHYUSDC	−0.0716%	4h	192.85	+0.197%	$581K	$291K	10x	as long as short
Coinbase International SKHY-PERP-INTX	−0.0032%	1h	192.90	+0.223%	$45K	$874K	10x	as long as short
Aster SKHYUSDT	0.0000%	8h	192.34	−0.068%	$247K	$890K	50x	as long as short
Extended SKHY-USD	0.0000%	1h	192.29	−0.093%	$56K	$7K	10x	as long as short
Binance SKHYUSDT	0.0000%	8h	192.34	−0.068%	$207.5M	$385.8M	50x	as long as short
Bybit SKHYUSDT	0.0000%	8h	192.37	−0.052%	$15.7M	$27.3M	100x	as long as short
OKX SKHY-USDT-SWAP	0.0000%	8h	192.39	−0.042%	$46.7M	$69.0M	50x	as long as short
Gate SKHY_USDT	0.0000%	8h	192.34	−0.068%	$25.8M	$18.9M	75x	as long as short
Variational Omni SKHY	0.0000%	8h	193.08	+0.316%	$1.6M	$1.3M	—	as long as short
GRVT SKHY_USDT_Perp	0.0000%	8h	193.09	+0.322%	$22K	$193K	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	192.64	+0.088%	$705	$6.4M	10x	as long as short
HTX SKHY-USDT	0.0000%	8h	192.34	−0.068%	$160K	$368K	50x	as long as short
Phemex SKHYUSDT	0.0000%	8h	192.35	−0.062%	$1.5M	$1.1M	10x	as long as short
QFEX SKHY-USD	+0.0004%	1h	192.36	−0.057%	$1.2M	$4.3M	10x	as long as short
Deribit SKHY_USDC-PERPETUAL	+0.0010%	1h	192.38	−0.047%	$48K	$286K	10x	as long as short
Lighter SKHY	+0.0032%	1h	192.22	−0.130%	$1.0M	$687K	10x	as long as short
Lighter RH SKHY	+0.0032%	1h	192.24	−0.119%	$1.1M	$1.5M	10x	as long as short
Arcus SKHY-USD	+0.0040%	1h	192.76	+0.151%	$57K	$154K	10x	as long as short
Vest SKHY-USD-PERP	+0.0046%	1h	192.42	−0.026%	—	$11K	10x	as long as short
Popdex SKHYUSDT	+0.0048%	1h	192.41	−0.031%	$197K	$255K	20x	as long as short
tradeXYZ xyz:SKHY	+0.0050%	1h	192.29	−0.094%	$161.5M	$66.4M	10x	as long as short
Polymarket Perps SKHY-USD	+0.0050%	1h	192.33	−0.073%	$188K	$456K	10x	as long as short
SoDEX SKHY-USD	+0.0050%	1h	192.36	−0.057%	$43K	$13K	10x	as long as short
Ondo Perps SKHY-USD.Plong	+0.0050%	1h	192.47	long leg	$569K	$2.1M	10x
KuCoin SKHYUSDTMshort	+0.0100%	8h	192.37	−0.052%	$1.1M	$290K	20x
Orderly PERP_SKHY_USDC_mythos	+0.0100%	8h	192.36	−0.057%	$2K	$4K	10x	as long as short
BloFin SKHY-USDT	+0.0120%	8h	192.34	−0.068%	—	$444K	50x	as long as short
Nado SKHY-PERP	+0.0131%	1h	192.48	+0.006%	$38K	$26K	10x	as long as short
Bitget SKHYUSDT	+0.0209%	8h	192.53	+0.031%	$25.5M	$26.4M	20x	as long as short
Phoenix SKHY	+0.0332%	1h	192.94	+0.244%	$216K	$124K	10x	as long as short
Kraken Futures PF_SKHYUSD	+0.0547%	1h	192.45	−0.009%	$51K	$17K	20x	as long as short