Funding arb · Price arb /

SKHY

RWAall SKHY markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 16:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: HTX against Phemex−0.038%7-day average −0.033% · you buy dearer than you sell

Net, funding: paid 7d − costs−$102as in the Funding arb table

Net, price: spread back to 7d avg − costs−$102as in the Price arb table

costs, in and out, $10k−$1021.019% of the position

Long on Phemex Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days0.000%$0 on $10k

Price spread, last 4 days (all we have)+0.011%+$1 · spread now −0.038%, 7d avg −0.033%

Together, before fees+0.011%+$1 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phemex SKHYUSDT	186.61	0	get 0.0000% / 8h	6h 56m	$1.5M	$1.1M	10x
Short	HTX SKHY-USDT	186.54	0	get 0.0000% / 8h	6h 56m	$155K	$377K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX against Phemex. 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 PhemexbpFee HTXbpOrdersPrice spread, now −0.038%Rate

Funding earned: $0
Price spread: −0.038% → −0.033%: −$0.48
Slippage, 4 orders: −$77.9
Fee Phemex: 6 bp × 2 orders: −$12
Fee HTX: 6 bp × 2 orders: −$12
Net: −$102.38
Costs to cover: 1.019%
Break-even: never at this rate

Slippage from Phemex: live order book, 1 min ago; HTX: live order book, 36 min ago.

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 Phemex live order book, 1 min ago	2.41 bp	47.1 bp −$47	doesn't fit	doesn't fit	doesn't fit
Sell HTX live order book, 36 min ago	1.36 bp	11.2 bp −$11	21.7 bp −$217	doesn't fit	doesn't fit

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	−0.0991%	8h	186.73	+0.064%	$25.7M	$35.4M	20x	as long as short
edgeX SKHYUSDC	−0.0405%	4h	186.37	−0.129%	$562K	$289K	10x	as long as short
KuCoin SKHYUSDTM	−0.0184%	8h	186.56	−0.027%	$1.1M	$401K	20x	as long as short
QFEX SKHY-USD	−0.0005%	1h	186.51	−0.054%	$1.2M	$4.3M	10x	as long as short
Aster SKHYUSDT	0.0000%	8h	186.57	−0.022%	$266K	$949K	50x	as long as short
Extended SKHY-USD	0.0000%	1h	186.55	−0.032%	$54K	$7K	10x	as long as short
Binance SKHYUSDT	0.0000%	8h	186.60	−0.007%	$197.5M	$468.4M	50x	as long as short
Bybit SKHYUSDT	0.0000%	8h	186.66	+0.027%	$16.0M	$33.4M	100x	as long as short
OKX SKHY-USDT-SWAP	0.0000%	8h	186.67	+0.032%	$44.3M	$83.3M	50x	as long as short
Gate SKHY_USDT	0.0000%	8h	186.67	+0.032%	$25.6M	$21.3M	75x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni SKHY	0.0000%	8h	186.05	−0.300%	$1.5M	$1.1M	—	as long as short
GRVT SKHY_USDT_Perp	0.0000%	8h	186.06	−0.295%	$22K	$247K	10x	as long as short
SunX SKHY-USDT	0.0000%	8h	186.89	+0.150%	$684	$5.7M	10x	as long as short
Deribit SKHY_USDC-PERPETUAL	0.0000%	1h	186.54	−0.038%	$47K	$355K	10x	as long as short
HTX SKHY-USDTshort	0.0000%	8h	186.54	−0.038%	$155K	$377K	50x
Phemex SKHYUSDTlong	0.0000%	8h	186.61	long leg	$1.5M	$1.1M	10x
Nado SKHY-PERP	+0.0011%	1h	186.62	+0.006%	$32K	$28K	10x	as long as short
Lighter SKHY	+0.0032%	1h	186.55	−0.032%	$993K	$1.3M	10x	as long as short
Lighter RH SKHY	+0.0032%	1h	186.53	−0.043%	$1.1M	$1.5M	10x	as long as short
Arcus SKHY-USD	+0.0040%	1h	186.49	−0.064%	$60K	$173K	10x	as long as short
Vest SKHY-USD-PERP	+0.0046%	1h	186.53	−0.043%	—	$39K	10x	as long as short
Popdex SKHYUSDT	+0.0048%	1h	186.55	−0.032%	$199K	$299K	20x	as long as short
tradeXYZ xyz:SKHY	+0.0050%	1h	186.66	+0.027%	$158.0M	$78.4M	10x	as long as short
Polymarket Perps SKHY-USD	+0.0050%	1h	186.54	−0.038%	$180K	$451K	10x	as long as short
Ondo Perps SKHY-USD.P	+0.0050%	1h	186.48	−0.070%	$514K	$2.6M	10x	as long as short
Coinbase International SKHY-PERP-INTX	+0.0056%	1h	186.08	−0.284%	$110K	$887K	10x	as long as short
Orderly PERP_SKHY_USDC_mythos	+0.0100%	8h	186.58	−0.016%	$2K	$4K	10x	as long as short
BloFin SKHY-USDT	+0.0120%	8h	186.57	−0.021%	$2.1M	$461K	50x	as long as short
Phoenix SKHY	+0.0215%	1h	186.25	−0.193%	$209K	$123K	10x	as long as short
SoDEX SKHY-USD	+0.0271%	1h	186.53	−0.043%	$41K	$12K	10x	as long as short
Kraken Futures PF_SKHYUSD	+0.0755%	1h	186.66	+0.028%	$48K	$20K	20x	as long as short