Funding arb · Price arb /

SKHY

RWAall SKHY markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0380%/8h= −41.6% APRpaid last 24h −0.020%

Price spread now: Popdex against Orderly−0.016%7-day average — · you buy dearer than you sell

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

Long on Orderly Short on Popdex

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: −$11 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Orderly PERP_SKHY_USDC_mythos	186.58	0.0100	pay 0.0100% / 8h	49m 27s	$2K	$4K	10x
Short	Popdex SKHYUSDT	186.55	−0.0280	pay 0.0035% / 1h	49m 27s	$205K	$287K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Popdex against Orderly. 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 OrderlybpFee PopdexbpOrdersPrice spread, now −0.016%Rate

Funding earned: −$79.8
Price spread: −0.016% → 0.000%: −$1.61
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee Popdex: 3.2 bp × 2 orders: −$6.4
Net: −$93.81
Costs to cover: 0.124%
Break-even: never at this rate

Slippage unknown: Orderly: no order-book sample; Popdex: live order book, 54 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 Orderly no order-book sample	—	—	—	—	—
Sell Popdex live order book, 54 min ago	1.07 bp	5.9 bp −$6	9.4 bp −$94	doesn't fit	doesn't fit

Orderly: 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
Bitget SKHYUSDT	−0.1372%	8h	186.72	+0.075%	$25.4M	$32.9M	20x	as long as short
edgeX SKHYUSDC	−0.0629%	4h	186.27	−0.164%	$562K	$291K	10x	as long as short
tradeXYZ xyz:SKHY	−0.0297%	1h	186.55	−0.016%	$158.5M	$76.9M	10x	as long as short
Deribit SKHY_USDC-PERPETUAL	−0.0286%	1h	186.53	−0.027%	$49K	$346K	10x	as long as short
Popdex SKHYUSDTshort	−0.0280%	1h	186.55	−0.016%	$205K	$287K	20x
Kraken Futures PF_SKHYUSD	−0.0266%	1h	186.51	−0.036%	$48K	$21K	20x	as long as short
Nado SKHY-PERP	−0.0224%	1h	186.66	+0.043%	$33K	$28K	10x	as long as short
Polymarket Perps SKHY-USD	−0.0200%	1h	186.44	−0.075%	$180K	$487K	10x	as long as short
Lighter SKHY	−0.0096%	1h	186.54	−0.021%	$976K	$1.2M	10x	as long as short
Coinbase International SKHY-PERP-INTX	−0.0072%	1h	187.58	+0.536%	$68K	$905K	10x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
QFEX SKHY-USD	−0.0061%	1h	186.51	−0.038%	$1.2M	$4.3M	10x	as long as short
Ondo Perps SKHY-USD.P	−0.0026%	1h	186.24	−0.182%	$520K	$2.6M	10x	as long as short
KuCoin SKHYUSDTM	−0.0016%	8h	186.49	−0.048%	$1.1M	$326K	20x	as long as short
Aster SKHYUSDT	0.0000%	8h	186.67	+0.051%	$224K	$925K	50x	as long as short
Extended SKHY-USD	0.0000%	1h	186.54	−0.022%	$54K	$7K	10x	as long as short
Binance SKHYUSDT	0.0000%	8h	186.59	+0.006%	$200.5M	$450.0M	50x	as long as short
Bybit SKHYUSDT	0.0000%	8h	186.60	+0.011%	$16.7M	$29.6M	100x	as long as short
OKX SKHY-USDT-SWAP	0.0000%	8h	186.57	−0.005%	$44.5M	$79.2M	50x	as long as short
Gate SKHY_USDT	0.0000%	8h	186.50	−0.043%	$25.5M	$20.9M	75x	as long as short
Variational Omni SKHY	0.0000%	8h	186.25	−0.178%	$1.6M	$1.0M	—	as long as short
GRVT SKHY_USDT_Perp	0.0000%	8h	186.21	−0.200%	$22K	$232K	10x	as long as short
SunX SKHY-USDT	0.0000%	8h	186.69	+0.059%	$683	$6.1M	10x	as long as short
HTX SKHY-USDT	0.0000%	8h	186.42	−0.086%	$155K	$363K	50x	as long as short
Phemex SKHYUSDT	0.0000%	8h	186.53	−0.027%	$1.5M	$1.1M	10x	as long as short
Lighter RH SKHY	+0.0032%	1h	186.48	−0.054%	$1.1M	$1.5M	10x	as long as short
Arcus SKHY-USD	+0.0040%	1h	186.30	−0.150%	$60K	$171K	10x	as long as short
Vest SKHY-USD-PERP	+0.0046%	1h	186.55	−0.016%	—	$32K	10x	as long as short
SoDEX SKHY-USD	+0.0050%	1h	186.35	−0.123%	$41K	$12K	10x	as long as short
Orderly PERP_SKHY_USDC_mythoslong	+0.0100%	8h	186.58	long leg	$2K	$4K	10x
BloFin SKHY-USDT	+0.0120%	8h	186.32	−0.139%	$2.2M	$423K	50x	as long as short
Phoenix SKHY	+0.0129%	1h	186.38	−0.107%	$209K	$123K	10x	as long as short