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Funding arb · Price arb /

SKHY

RWAall SKHY markets
SwapBacktest
Alert: funding
Measured
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Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

Alert: spread
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Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

Funding you earn now, next payment 03:00 UTC+0.0541%/8h= +59.2% APRnext payment +$0.68 per $10,000 · paid last 24h +0.166%
Price spread now: Kraken Futures against QFEX+0.075%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Long on QFEXShort on Kraken Futures
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—needs both histories
Both sides work for this trade now. Funding pays +$16 a day on $10k at the current rate, and Kraken Futures is 0.075% dearer against QFEX than usual: you sell high and buy low: +$7 more if the spread goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongQFEX SKHY-USD193.200.0004pay 0.0000% / 1h2m 07s$1.2M$4.3M10x
ShortKraken Futures PF_SKHYUSD193.340.0545get 0.0068% / 1h2m 07s$51K$17K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Kraken Futures against QFEX. 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

Funding earned
$113.62
Price spread: +0.075% → 0.000%
$7.48
Slippage, 4 orders
no order book: not counted
Fee QFEX: 5 bp × 2 orders
−$10
Fee Kraken Futures: 5 bp × 2 orders
−$10
Net
$101.11
Costs to cover
0.200%
Break-even
0.8 days
Slippage unknown: QFEX: live order book, 6 min ago; Kraken Futures: 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
LegHalf-spread$10k$100k$1M$5M
Buy QFEX live order book, 6 min ago1.55 bp6.6 bp −$78.2 bp −$82doesn't fitdoesn't fit
Sell Kraken Futures no order-book sample—————
Kraken Futures: 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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
edgeX SKHYUSDC−0.0876%4h193.200.000%$582K$291K10xas long as short
Coinbase International SKHY-PERP-INTX−0.0032%1h192.90−0.155%$45K$874K10xas long as short
Aster SKHYUSDT0.0000%8h193.22+0.009%$249K$889K50xas long as short
Extended SKHY-USD0.0000%1h193.23+0.016%$56K$7K10xas long as short
Binance SKHYUSDT0.0000%8h193.29+0.049%$205.1M$393.3M50xas long as short
Bybit SKHYUSDT0.0000%8h193.30+0.052%$15.8M$27.5M100xas long as short
OKX SKHY-USDT-SWAP0.0000%8h193.27+0.036%$46.7M$70.1M50xas long as short
Gate SKHY_USDT0.0000%8h193.23+0.016%$25.8M$19.2M75xas long as short
Variational Omni SKHY0.0000%8h193.16−0.022%$1.6M$1.2M—as long as short
GRVT SKHY_USDT_Perp0.0000%8h193.20+0.001%$23K$199K10xas long as short
Show all 31 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
SunX SKHY-USDT0.0000%8h193.55+0.181%$708$6.3M10xas long as short
HTX SKHY-USDT0.0000%8h193.05−0.078%$161K$368K50xas long as short
Phemex SKHYUSDT0.0000%8h193.27+0.036%$1.5M$1.1M10xas long as short
QFEX SKHY-USDlong+0.0004%1h193.20long leg$1.2M$4.3M10x
Lighter SKHY+0.0032%1h193.15−0.026%$1.0M$696K10xas long as short
Lighter RH SKHY+0.0032%1h193.15−0.026%$1.1M$1.6M10xas long as short
Arcus SKHY-USD+0.0040%1h193.14−0.031%$57K$154K10xas long as short
Vest SKHY-USD-PERP+0.0046%1h193.21+0.005%—$12K10xas long as short
Popdex SKHYUSDT+0.0048%1h193.28+0.041%$201K$257K20xas long as short
tradeXYZ xyz:SKHY+0.0050%1h193.16−0.021%$161.6M$67.5M10xas long as short
Polymarket Perps SKHY-USD+0.0050%1h193.17−0.016%$189K$456K10xas long as short
SoDEX SKHY-USD+0.0050%1h193.21+0.005%$43K$13K10xas long as short
Ondo Perps SKHY-USD.P+0.0050%1h193.12−0.041%$567K$2.3M10xas long as short
KuCoin SKHYUSDTM+0.0100%8h193.200.000%$1.1M$297K20xas long as short
Orderly PERP_SKHY_USDC_mythos+0.0100%8h193.28+0.041%$2K$4K10xas long as short
BloFin SKHY-USDT+0.0120%8h193.17−0.016%$2.3M$438K50xas long as short
Nado SKHY-PERP+0.0170%1h193.22+0.009%$38K$26K10xas long as short
Bitget SKHYUSDT+0.0193%8h193.27+0.036%$25.4M$26.9M20xas long as short
Deribit SKHY_USDC-PERPETUAL+0.0216%1h193.27+0.036%$49K$306K10xas long as short
Phoenix SKHY+0.0332%1h193.38+0.093%$217K$124K10xas long as short
Kraken Futures PF_SKHYUSDshort+0.0545%1h193.34+0.075%$51K$17K20x