Funding arb · Price arb /

SKHY

RWAall SKHY markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0103%/8h= −11.3% APRpaid last 24h −0.022%

Price spread now: tradeXYZ against Orderly+0.037%7-day average — · you sell dearer than you buy

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

Long on Orderly Short on tradeXYZ

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

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

Together, before fees—+ Points / potential airdroptradeXYZ: Active · farm boardneeds both histories

The price spread pays, funding is against you. tradeXYZ is 0.037% dearer against Orderly than usual: you sell high and buy low (spread +0.037% now, against zero (this spread has no 7-day history yet)): +$4 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 29 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Orderly PERP_SKHY_USDC_mythos	188.80	0.0100	pay 0.0100% / 8h	2h 45m	$2K	$4K	10x
Short	tradeXYZ xyz:SKHY	188.87	−0.0003	pay 0.0000% / 1h	45m 40s	$158.4M	$70.6M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

tradeXYZ 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 tradeXYZbpOrdersPrice spread, now +0.037%Rate

Funding earned: −$21.72
Price spread: +0.037% → 0.000%: $3.71
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee tradeXYZ: 9 bp × 2 orders: −$18
Net: −$42.01
Costs to cover: 0.240%
Break-even: never at this rate

Slippage unknown: Orderly: no order-book sample; tradeXYZ: live order book, 4 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 tradeXYZ live order book, 4 min ago	0.26 bp	9.5 bp −$10	10.8 bp −$108	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
edgeX SKHYUSDC	−0.0700%	4h	188.57	−0.121%	$568K	$292K	10x	as long as short
Bitget SKHYUSDT	−0.0534%	8h	189.01	+0.111%	$24.4M	$29.7M	20x	as long as short
Deribit SKHY_USDC-PERPETUAL	−0.0068%	1h	188.83	+0.016%	$48K	$334K	10x	as long as short
Nado SKHY-PERP	−0.0056%	1h	188.93	+0.069%	$33K	$28K	10x	as long as short
Coinbase International SKHY-PERP-INTX	−0.0024%	1h	188.72	−0.042%	$46K	$882K	10x	as long as short
QFEX SKHY-USD	−0.0014%	1h	188.88	+0.042%	$1.2M	$4.1M	10x	as long as short
Lighter SKHY	−0.0008%	1h	188.81	+0.005%	$1.0M	$741K	10x	as long as short
tradeXYZ xyz:SKHYshort	−0.0003%	1h	188.87	+0.037%	$158.4M	$70.6M	10x
Aster SKHYUSDT	0.0000%	8h	188.94	+0.076%	$243K	$897K	50x	as long as short
Extended SKHY-USD	0.0000%	1h	188.87	+0.038%	$55K	$7K	10x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance SKHYUSDT	0.0000%	8h	188.88	+0.044%	$200.0M	$416.2M	50x	as long as short
Bybit SKHYUSDT	0.0000%	8h	188.95	+0.079%	$15.5M	$29.4M	100x	as long as short
OKX SKHY-USDT-SWAP	0.0000%	8h	188.91	+0.058%	$45.0M	$74.4M	50x	as long as short
Gate SKHY_USDT	0.0000%	8h	188.89	+0.048%	$25.2M	$20.1M	75x	as long as short
Variational Omni SKHY	0.0000%	8h	188.80	+0.001%	$1.6M	$986K	—	as long as short
GRVT SKHY_USDT_Perp	0.0000%	8h	188.82	+0.011%	$22K	$218K	10x	as long as short
SunX SKHY-USDT	0.0000%	8h	189.16	+0.191%	$692	$6.2M	10x	as long as short
HTX SKHY-USDT	0.0000%	8h	188.78	−0.011%	$156K	$368K	50x	as long as short
Phemex SKHYUSDT	0.0000%	8h	188.79	−0.005%	$1.5M	$1.1M	10x	as long as short
Polymarket Perps SKHY-USD	+0.0027%	1h	188.73	−0.037%	$190K	$480K	10x	as long as short
Lighter RH SKHY	+0.0032%	1h	188.81	+0.005%	$1.0M	$1.5M	10x	as long as short
Arcus SKHY-USD	+0.0040%	1h	188.82	+0.011%	$58K	$164K	10x	as long as short
Vest SKHY-USD-PERP	+0.0046%	1h	188.84	+0.021%	—	$12K	10x	as long as short
Popdex SKHYUSDT	+0.0048%	1h	188.94	+0.074%	$199K	$259K	20x	as long as short
SoDEX SKHY-USD	+0.0050%	1h	188.77	−0.016%	$42K	$13K	10x	as long as short
Ondo Perps SKHY-USD.P	+0.0050%	1h	188.57	−0.122%	$525K	$2.6M	10x	as long as short
KuCoin SKHYUSDTM	+0.0100%	8h	188.85	+0.026%	$1.1M	$315K	20x	as long as short
Orderly PERP_SKHY_USDC_mythoslong	+0.0100%	8h	188.80	long leg	$2K	$4K	10x
BloFin SKHY-USDT	+0.0120%	8h	188.62	−0.095%	$2.2M	$440K	50x	as long as short
Phoenix SKHY	+0.0254%	1h	189.30	+0.265%	$212K	$124K	10x	as long as short
Kraken Futures PF_SKHYUSD	+0.0259%	1h	188.79	−0.004%	$48K	$19K	20x	as long as short