Funding arb · Price arb /

SKHY

RWAall SKHY markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0001%/8h= +0.1% APRpaid last 24h +0.028%

Price spread now: Variational Omni against QFEX+0.010%7-day average +0.036% · you sell dearer than you buy

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

Long on QFEX Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.030%+$3 on $10k

Price spread, last 7 days−0.021%−$2 · spread now +0.010%, 7d avg +0.036%

Together, before fees+0.009%+ Points / potential airdropVariational Omni: Active · farm board+$1 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Variational Omni is 0.025% cheaper against QFEX than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of +0.036%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	QFEX SKHY-USD	188.95	−0.0001	get 0.0000% / 1h	7m 12s	$1.2M	$5.2M	10x
Short	Variational Omni SKHY	188.97	0	get 0.0000% / 8h	1h 07m	$1.5M	$2.5M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni 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

Position, each leg$Hold fordaysFee QFEXbpFee Variational OmnibpOrdersPrice spread, now +0.010%Rate

Funding earned: $0.29
Price spread: +0.010% → +0.036%: −$2.52
Slippage, 4 orders: no order book: not counted
Fee QFEX: 5 bp × 2 orders: −$10
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$12.24
Costs to cover: 0.100%
Break-even: 306.9 days

Slippage unknown: QFEX: live order book, 11 min ago; Variational Omni: RFQ quote, 2 min ago. 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 QFEX live order book, 11 min ago	1.32 bp	6.3 bp −$6	6.5 bp −$65	18.4 bp −$1,841	doesn't fit
Sell Variational Omni RFQ quote, 2 min ago	2.25 bp	doesn't fit	5.5 bp −$55	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 SKHYUSDC	−0.0365%	4h	188.96	+0.004%	$570K	$289K	10x	as long as short
Nado SKHY-PERP	−0.0042%	1h	188.99	+0.021%	$28K	$2K	10x	as long as short
KuCoin SKHYUSDTM	−0.0031%	8h	188.85	−0.053%	$1.1M	$304K	20x	as long as short
QFEX SKHY-USDlong	−0.0001%	1h	188.95	long leg	$1.2M	$5.2M	10x
Aster SKHYUSDT	0.0000%	8h	188.96	+0.006%	$250K	$902K	50x	as long as short
Extended SKHY-USD	0.0000%	1h	188.89	−0.031%	$55K	$4K	10x	as long as short
Binance SKHYUSDT	0.0000%	8h	188.99	+0.020%	$211.8M	$379.2M	50x	as long as short
Bybit SKHYUSDT	0.0000%	8h	189.01	+0.032%	$15.8M	$26.4M	100x	as long as short
OKX SKHY-USDT-SWAP	0.0000%	8h	188.96	+0.005%	$46.8M	$60.7M	50x	as long as short
Gate SKHY_USDT	0.0000%	8h	188.93	−0.011%	$26.0M	$17.9M	75x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget SKHYUSDT	0.0000%	8h	188.99	+0.021%	$25.6M	$25.2M	20x	as long as short
Variational Omni SKHYshort	0.0000%	8h	188.97	+0.010%	$1.5M	$2.5M	—
GRVT SKHY_USDT_Perp	0.0000%	8h	189.09	+0.074%	$22K	$214K	10x	as long as short
SunX SKHY-USDT	0.0000%	8h	189.20	+0.132%	$692	$7.3M	10x	as long as short
Deribit SKHY_USDC-PERPETUAL	0.0000%	1h	188.96	+0.005%	$45K	$237K	10x	as long as short
HTX SKHY-USDT	0.0000%	8h	188.93	−0.011%	$155K	$400K	50x	as long as short
Phemex SKHYUSDT	0.0000%	8h	188.99	+0.021%	$1.5M	$1.1M	10x	as long as short
Lighter SKHY	+0.0032%	1h	188.93	−0.011%	$1.0M	$717K	10x	as long as short
Lighter RH SKHY	+0.0032%	1h	188.87	−0.042%	$1.1M	$1.4M	10x	as long as short
Arcus SKHY-USD	+0.0040%	1h	188.99	+0.021%	$56K	$156K	10x	as long as short
Vest SKHY-USD-PERP	+0.0046%	1h	188.96	+0.005%	—	$12K	10x	as long as short
Popdex SKHYUSDT	+0.0048%	1h	188.95	0.000%	$202K	$241K	20x	as long as short
tradeXYZ xyz:SKHY	+0.0050%	1h	188.91	−0.021%	$164.6M	$64.9M	10x	as long as short
Polymarket Perps SKHY-USD	+0.0050%	1h	188.85	−0.053%	$186K	$923K	10x	as long as short
SoDEX SKHY-USD	+0.0050%	1h	188.97	+0.011%	$42K	$13K	10x	as long as short
Ondo Perps SKHY-USD.P	+0.0050%	1h	189.06	+0.058%	$542K	$996K	10x	as long as short
Orderly PERP_SKHY_USDC_mythos	+0.0100%	8h	188.98	+0.016%	$2K	$5K	10x	as long as short
BloFin SKHY-USDT	+0.0120%	8h	188.91	−0.021%	$2.2M	$431K	50x	as long as short
Coinbase International SKHY-PERP-INTX	+0.0240%	1h	188.78	−0.090%	$168K	$685K	10x	as long as short
Phoenix SKHY	+0.0297%	1h	189.19	+0.127%	$213K	$128K	10x	as long as short
Kraken Futures PF_SKHYUSD	+0.0871%	1h	189.09	+0.073%	$50K	$24K	20x	as long as short