Funding arb · Price arb /

SKHY

RWAall SKHY markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0054%/8h= −5.9% APRpaid last 24h −0.017%

Price spread now: Vest against Orderly−0.054%52s7-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 Vest

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—+ Points / potential airdropVest: Active · farm boardneeds both histories

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Vest is 0.054% cheaper against Orderly than usual: you would sell low and buy high (−$5 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 52 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Orderly PERP_SKHY_USDC_mythos	185.99	0.0100	pay 0.0100% / 8h	58m 32s	$2K	$4K	10x
Short	Vest SKHY-USD-PERP	185.89	0.0046	get 0.0006% / 1h	58m 32s	—	$32K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Vest 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 VestbpOrdersPrice spread, now −0.054%Rate

Funding earned: −$11.41
Price spread: −0.054% → 0.000%: −$5.38
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee Vest: 1 bp × 2 orders: −$2
Net: −$24.78
Costs to cover: 0.080%
Break-even: never at this rate

Slippage unknown: Orderly: no order-book sample; Vest: no order-book sample. 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 Vest no order-book sample	—	—	—	—	—

Orderly and Vest: 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	−0.1348%	8h	186.15	+0.086%	$25.2M	$32.6M	20x	as long as short
Deribit SKHY_USDC-PERPETUAL	−0.0449%	1h	185.95	−0.022%	$49K	$345K	10x	as long as short
tradeXYZ xyz:SKHY	−0.0345%	1h	185.86	−0.070%	$157.9M	$76.8M	10x	as long as short
Popdex SKHYUSDT	−0.0344%	1h	185.81	−0.097%	$203K	$284K	20x	as long as short
edgeX SKHYUSDC	−0.0326%	4h	186.19	+0.108%	$561K	$292K	10x	as long as short
Polymarket Perps SKHY-USD	−0.0279%	1h	185.76	−0.124%	$179K	$487K	10x	as long as short
Kraken Futures PF_SKHYUSD	−0.0267%	1h	186.03	+0.019%	$48K	$21K	20x	as long as short
Nado SKHY-PERP	−0.0250%	1h	186.05	+0.033%	$33K	$28K	10x	as long as short
Lighter SKHY	−0.0104%	1h	185.85	−0.075%	$972K	$1.2M	10x	as long as short
Ondo Perps SKHY-USD.P	−0.0074%	1h	185.76	−0.124%	$520K	$2.6M	10x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Coinbase International SKHY-PERP-INTX	−0.0072%	1h	187.58	+0.855%	$68K	$905K	10x	as long as short
QFEX SKHY-USD	−0.0061%	1h	185.80	−0.102%	$1.2M	$4.3M	10x	as long as short
Aster SKHYUSDT	0.0000%	8h	186.05	+0.030%	$223K	$925K	50x	as long as short
Extended SKHY-USD	0.0000%	1h	185.82	−0.091%	$54K	$7K	10x	as long as short
Binance SKHYUSDT	0.0000%	8h	185.84	−0.078%	$199.2M	$448.5M	50x	as long as short
Bybit SKHYUSDT	0.0000%	8h	185.86	−0.070%	$16.6M	$29.6M	100x	as long as short
OKX SKHY-USDT-SWAP	0.0000%	8h	185.79	−0.108%	$44.4M	$78.6M	50x	as long as short
Gate SKHY_USDT	0.0000%	8h	185.92	−0.038%	$25.5M	$20.8M	75x	as long as short
Variational Omni SKHY	0.0000%	8h	186.16	+0.093%	$1.6M	$1.0M	—	as long as short
GRVT SKHY_USDT_Perp	0.0000%	8h	186.25	+0.137%	$22K	$231K	10x	as long as short
SunX SKHY-USDT	0.0000%	8h	186.14	+0.081%	$681	$6.1M	10x	as long as short
HTX SKHY-USDT	0.0000%	8h	185.84	−0.081%	$154K	$366K	50x	as long as short
Phemex SKHYUSDT	0.0000%	8h	186.00	+0.005%	$1.5M	$1.1M	10x	as long as short
KuCoin SKHYUSDTM	+0.0005%	8h	186.05	+0.032%	$1.1M	$325K	20x	as long as short
Lighter RH SKHY	+0.0008%	1h	185.83	−0.086%	$1.1M	$1.5M	10x	as long as short
Arcus SKHY-USD	+0.0040%	1h	186.06	+0.038%	$60K	$170K	10x	as long as short
Vest SKHY-USD-PERPshort	+0.0046%	1h	185.89	−0.054%	—	$32K	10x
SoDEX SKHY-USD	+0.0050%	1h	185.94	−0.027%	$41K	$12K	10x	as long as short
Orderly PERP_SKHY_USDC_mythoslong	+0.0100%	8h	185.99	long leg	$2K	$4K	10x
BloFin SKHY-USDT	+0.0120%	8h	185.96	−0.016%	$2.2M	$422K	50x	as long as short
Phoenix SKHY	+0.0213%	1h	186.34	+0.188%	$209K	$114K	10x	as long as short