Funding arb · Price arb /

SKHY

RWAall SKHY markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0696%/8h= −76.2% APRpaid last 24h +0.022%

Price spread now: edgeX against Popdex+0.022%7-day average −0.005% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$17as in the Price arb table

costs, in and out, $10k−$200.199% of the position

Long on Popdex Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.439%+$44 on $10k

Price spread, last 3 days (all we have)+0.071%+$7 · spread now +0.022%, 7d avg −0.005%

Together, before fees+0.510%+ Points / potential airdropedgeX: Active · farm board+$51 on $10k · with fees, hour by hour

The price spread pays, funding is against you. edgeX is 0.028% dearer against Popdex than usual: you sell high and buy low (spread +0.022% now, against its 7-day average of −0.005%): +$3 on $10k if it goes back. Holding the pair costs −$21 a day in funding at the current rate, which eats that in about 3 hours. Mind the row above: over the last 3 days funding on this pair paid +0.439%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Popdex SKHYUSDT	189.57	0.0048	pay 0.0006% / 1h	15m 23s	$202K	$241K	20x
Short	edgeX SKHYUSDC	189.61	−0.0648	pay 0.0324% / 4h	15m 23s	$572K	$291K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX against Popdex. 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 PopdexbpFee edgeXbpOrdersPrice spread, now +0.022%Rate

Funding earned: −$146.1
Price spread: +0.022% → −0.005%: $2.75
Slippage, 4 orders: −$4.49
Fee Popdex: 3.2 bp × 2 orders: −$6.4
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$163.23
Costs to cover: 0.199%
Break-even: never at this rate

Slippage from Popdex: live order book, 63 min ago; edgeX: live order book, 63 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 Popdex live order book, 63 min ago	0.53 bp	3.9 bp −$4	7.1 bp −$71	doesn't fit	doesn't fit
Sell edgeX live order book, 63 min ago	1.06 bp	5.9 bp −$6	11.6 bp −$116	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
edgeX SKHYUSDCshort	−0.0648%	4h	189.61	+0.022%	$572K	$291K	10x
Nado SKHY-PERP	−0.0043%	1h	189.63	+0.029%	$28K	$2K	10x	as long as short
QFEX SKHY-USD	0.0000%	1h	189.58	+0.005%	$1.2M	$5.3M	10x	as long as short
Aster SKHYUSDT	0.0000%	8h	189.63	+0.030%	$252K	$903K	50x	as long as short
Extended SKHY-USD	0.0000%	1h	189.56	−0.006%	$55K	$4K	10x	as long as short
Binance SKHYUSDT	0.0000%	8h	189.57	+0.001%	$212.0M	$377.8M	50x	as long as short
Bybit SKHYUSDT	0.0000%	8h	189.63	+0.032%	$15.7M	$27.0M	100x	as long as short
OKX SKHY-USDT-SWAP	0.0000%	8h	189.61	+0.021%	$47.1M	$61.2M	50x	as long as short
Gate SKHY_USDT	0.0000%	8h	189.58	+0.005%	$26.1M	$17.8M	75x	as long as short
Bitget SKHYUSDT	0.0000%	8h	189.63	+0.032%	$25.4M	$25.7M	20x	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	189.62	+0.025%	$1.6M	$2.5M	—	as long as short
GRVT SKHY_USDT_Perp	0.0000%	8h	189.64	+0.038%	$22K	$208K	10x	as long as short
SunX SKHY-USDT	0.0000%	8h	189.90	+0.174%	$695	$7.2M	10x	as long as short
Deribit SKHY_USDC-PERPETUAL	0.0000%	1h	189.63	+0.032%	$46K	$258K	10x	as long as short
HTX SKHY-USDT	0.0000%	8h	189.64	+0.037%	$155K	$401K	50x	as long as short
Phemex SKHYUSDT	0.0000%	8h	189.61	+0.021%	$1.5M	$1.1M	10x	as long as short
KuCoin SKHYUSDTM	+0.0012%	8h	189.53	−0.021%	$1.1M	$282K	20x	as long as short
Lighter SKHY	+0.0032%	1h	189.54	−0.016%	$1.0M	$689K	10x	as long as short
Lighter RH SKHY	+0.0032%	1h	189.53	−0.021%	$1.1M	$1.4M	10x	as long as short
Arcus SKHY-USD	+0.0040%	1h	189.61	+0.021%	$56K	$155K	10x	as long as short
Vest SKHY-USD-PERP	+0.0046%	1h	189.59	+0.011%	—	$12K	10x	as long as short
Popdex SKHYUSDTlong	+0.0048%	1h	189.57	long leg	$202K	$241K	20x
tradeXYZ xyz:SKHY	+0.0050%	1h	189.59	+0.011%	$164.5M	$65.2M	10x	as long as short
Polymarket Perps SKHY-USD	+0.0050%	1h	189.55	−0.011%	$170K	$952K	10x	as long as short
SoDEX SKHY-USD	+0.0050%	1h	189.59	+0.011%	$42K	$13K	10x	as long as short
Ondo Perps SKHY-USD.P	+0.0050%	1h	189.65	+0.042%	$558K	$1.2M	10x	as long as short
Orderly PERP_SKHY_USDC_mythos	+0.0100%	8h	189.61	+0.021%	$2K	$4K	10x	as long as short
BloFin SKHY-USDT	+0.0120%	8h	189.67	+0.053%	$2.2M	$415K	50x	as long as short
Coinbase International SKHY-PERP-INTX	+0.0128%	1h	189.72	+0.079%	$169K	$687K	10x	as long as short
Phoenix SKHY	+0.0380%	1h	189.87	+0.158%	$214K	$128K	10x	as long as short
Kraken Futures PF_SKHYUSD	+0.0951%	1h	189.67	+0.052%	$50K	$24K	20x	as long as short