Funding arb · Price arb /

SKHY

RWAall SKHY markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0046%/8h= +5.0% APRpaid last 24h +0.014%

Price spread now: Vest against Phemex−0.041%7-day average — · you buy dearer than you sell

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

Long on Phemex Short on Vest

What this pair did over the last

the charts below follow

Funding, last 3 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

Funding pays, the price is against you. Vest is 0.041% cheaper against Phemex than usual: you would sell low and buy high (spread −0.041% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$4 on $10k: about 3.0 days of funding at the current rate (+$1 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phemex SKHYUSDT	193.15	0	get 0.0000% / 8h	4h 37m	$1.5M	$1.1M	10x
Short	Vest SKHY-USD-PERP	193.07	0.0046	get 0.0006% / 1h	37m 14s	—	$12K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Vest 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 VestbpOrdersPrice spread, now −0.041%Rate

Funding earned: $9.59
Price spread: −0.041% → 0.000%: −$4.14
Slippage, 4 orders: no order book: not counted
Fee Phemex: 6 bp × 2 orders: −$12
Fee Vest: 1 bp × 2 orders: −$2
Net: −$8.55
Costs to cover: 0.140%
Break-even: 13.2 days

Slippage unknown: Phemex: live order book, 1 min ago; 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 Phemex live order book, 1 min ago	2.33 bp	43.1 bp −$43	doesn't fit	doesn't fit	doesn't fit
Sell Vest no order-book sample	—	—	—	—	—

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
edgeX SKHYUSDC	−0.0048%	4h	192.97	−0.096%	$582K	$290K	10x	as long as short
Coinbase International SKHY-PERP-INTX	−0.0048%	1h	192.84	−0.160%	$45K	$861K	10x	as long as short
Aster SKHYUSDT	0.0000%	8h	193.11	−0.018%	$249K	$889K	50x	as long as short
Extended SKHY-USD	0.0000%	1h	193.08	−0.035%	$56K	$7K	10x	as long as short
Binance SKHYUSDT	0.0000%	8h	193.15	−0.001%	$204.4M	$392.6M	50x	as long as short
Bybit SKHYUSDT	0.0000%	8h	193.13	−0.010%	$15.7M	$27.5M	100x	as long as short
OKX SKHY-USDT-SWAP	0.0000%	8h	193.14	−0.005%	$46.6M	$69.9M	50x	as long as short
Gate SKHY_USDT	0.0000%	8h	193.09	−0.031%	$25.8M	$18.8M	75x	as long as short
Variational Omni SKHY	0.0000%	8h	193.09	−0.031%	$1.6M	$1.1M	—	as long as short
GRVT SKHY_USDT_Perp	0.0000%	8h	193.09	−0.032%	$22K	$201K	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	193.42	+0.140%	$708	$6.3M	10x	as long as short
HTX SKHY-USDT	0.0000%	8h	193.08	−0.036%	$161K	$367K	50x	as long as short
Phemex SKHYUSDTlong	0.0000%	8h	193.15	long leg	$1.5M	$1.1M	10x
QFEX SKHY-USD	+0.0015%	1h	193.09	−0.031%	$1.2M	$4.1M	10x	as long as short
Lighter SKHY	+0.0032%	1h	193.00	−0.078%	$1.0M	$684K	10x	as long as short
Lighter RH SKHY	+0.0032%	1h	193.00	−0.078%	$1.1M	$1.6M	10x	as long as short
Arcus SKHY-USD	+0.0040%	1h	193.00	−0.078%	$57K	$154K	10x	as long as short
Vest SKHY-USD-PERPshort	+0.0046%	1h	193.07	−0.041%	—	$12K	10x
Popdex SKHYUSDT	+0.0048%	1h	193.16	+0.005%	$201K	$255K	20x	as long as short
tradeXYZ xyz:SKHY	+0.0049%	1h	193.03	−0.062%	$161.5M	$67.7M	10x	as long as short
Polymarket Perps SKHY-USD	+0.0050%	1h	193.03	−0.062%	$189K	$456K	10x	as long as short
SoDEX SKHY-USD	+0.0050%	1h	193.08	−0.036%	$43K	$13K	10x	as long as short
Ondo Perps SKHY-USD.P	+0.0050%	1h	193.03	−0.062%	$573K	$2.3M	10x	as long as short
Deribit SKHY_USDC-PERPETUAL	+0.0061%	1h	193.15	0.000%	$49K	$316K	10x	as long as short
KuCoin SKHYUSDTM	+0.0100%	8h	193.06	−0.047%	$1.1M	$304K	20x	as long as short
Orderly PERP_SKHY_USDC_mythos	+0.0100%	8h	193.13	−0.010%	$2K	$4K	10x	as long as short
BloFin SKHY-USDT	+0.0120%	8h	193.13	−0.010%	$2.2M	$437K	50x	as long as short
Nado SKHY-PERP	+0.0138%	1h	193.07	−0.042%	$38K	$26K	10x	as long as short
Bitget SKHYUSDT	+0.0159%	8h	193.09	−0.031%	$25.3M	$26.9M	20x	as long as short
Phoenix SKHY	+0.0372%	1h	193.09	−0.031%	$216K	$124K	10x	as long as short
Kraken Futures PF_SKHYUSD	+0.1057%	1h	193.23	+0.042%	$50K	$18K	20x	as long as short