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: OKX against Ondo Perps+0.078%7-day average +0.033% · you sell dearer than you buy

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

Long on Ondo Perps Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.059%−$6 on $10k

Price spread, last 7 days+0.230%+$23 · spread now +0.078%, 7d avg +0.033%

Together, before fees+0.171%+ Points / potential airdropOndo Perps: Active · farm board+$17 on $10k · with fees, hour by hour

The price spread pays, funding is against you. OKX is 0.045% dearer against Ondo Perps than usual: you sell high and buy low (spread +0.078% now, against its 7-day average of +0.033%): +$4 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 2.9 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Ondo Perps SKHY-USD.P	193.12	0.0050	pay 0.0006% / 1h	2m 09s	$567K	$2.3M	10x
Short	OKX SKHY-USDT-SWAP	193.27	0	get 0.0000% / 8h	5h 02m	$46.7M	$70.1M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now +0.078%Rate

Funding earned: −$10.58
Price spread: +0.078% → +0.033%: $4.45
Slippage, 4 orders: no order book: not counted
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Fee OKX: 5 bp × 2 orders: −$10
Net: −$21.13
Costs to cover: 0.150%
Break-even: never at this rate

Slippage unknown: Ondo Perps: no order-book sample; OKX: live order book, 2 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 OKX live order book, 2 min ago	0.26 bp	5.5 bp −$5	7.2 bp −$72	27.6 bp −$2,763	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	−0.0876%	4h	193.20	+0.042%	$582K	$291K	10x	as long as short
Coinbase International SKHY-PERP-INTX	−0.0032%	1h	192.90	−0.114%	$45K	$874K	10x	as long as short
Aster SKHYUSDT	0.0000%	8h	193.22	+0.051%	$249K	$889K	50x	as long as short
Extended SKHY-USD	0.0000%	1h	193.23	+0.058%	$56K	$7K	10x	as long as short
Binance SKHYUSDT	0.0000%	8h	193.29	+0.090%	$205.1M	$393.3M	50x	as long as short
Bybit SKHYUSDT	0.0000%	8h	193.30	+0.093%	$15.8M	$27.5M	100x	as long as short
OKX SKHY-USDT-SWAPshort	0.0000%	8h	193.27	+0.078%	$46.7M	$70.1M	50x
Gate SKHY_USDT	0.0000%	8h	193.23	+0.057%	$25.8M	$19.2M	75x	as long as short
Variational Omni SKHY	0.0000%	8h	193.16	+0.019%	$1.6M	$1.2M	—	as long as short
GRVT SKHY_USDT_Perp	0.0000%	8h	193.20	+0.043%	$23K	$199K	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	193.55	+0.223%	$708	$6.3M	10x	as long as short
HTX SKHY-USDT	0.0000%	8h	193.05	−0.036%	$161K	$368K	50x	as long as short
Phemex SKHYUSDT	0.0000%	8h	193.27	+0.078%	$1.5M	$1.1M	10x	as long as short
QFEX SKHY-USD	+0.0004%	1h	193.20	+0.041%	$1.2M	$4.3M	10x	as long as short
Lighter SKHY	+0.0032%	1h	193.15	+0.016%	$1.0M	$696K	10x	as long as short
Lighter RH SKHY	+0.0032%	1h	193.15	+0.016%	$1.1M	$1.6M	10x	as long as short
Arcus SKHY-USD	+0.0040%	1h	193.14	+0.010%	$57K	$154K	10x	as long as short
Vest SKHY-USD-PERP	+0.0046%	1h	193.21	+0.047%	—	$12K	10x	as long as short
Popdex SKHYUSDT	+0.0048%	1h	193.28	+0.083%	$201K	$257K	20x	as long as short
tradeXYZ xyz:SKHY	+0.0050%	1h	193.16	+0.021%	$161.6M	$67.5M	10x	as long as short
Polymarket Perps SKHY-USD	+0.0050%	1h	193.17	+0.026%	$189K	$456K	10x	as long as short
SoDEX SKHY-USD	+0.0050%	1h	193.21	+0.047%	$43K	$13K	10x	as long as short
Ondo Perps SKHY-USD.Plong	+0.0050%	1h	193.12	long leg	$567K	$2.3M	10x
KuCoin SKHYUSDTM	+0.0100%	8h	193.20	+0.041%	$1.1M	$297K	20x	as long as short
Orderly PERP_SKHY_USDC_mythos	+0.0100%	8h	193.28	+0.083%	$2K	$4K	10x	as long as short
BloFin SKHY-USDT	+0.0120%	8h	193.17	+0.026%	$2.3M	$438K	50x	as long as short
Nado SKHY-PERP	+0.0170%	1h	193.22	+0.051%	$38K	$26K	10x	as long as short
Bitget SKHYUSDT	+0.0193%	8h	193.27	+0.078%	$25.4M	$26.9M	20x	as long as short
Deribit SKHY_USDC-PERPETUAL	+0.0216%	1h	193.27	+0.078%	$49K	$306K	10x	as long as short
Phoenix SKHY	+0.0332%	1h	193.38	+0.135%	$217K	$124K	10x	as long as short
Kraken Futures PF_SKHYUSD	+0.0545%	1h	193.34	+0.116%	$51K	$17K	20x	as long as short