Funding arb · Price arb /

SKHY

RWAall SKHY markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0050%/8h= −5.5% APRpaid last 24h −0.017%

Price spread now: Bitget against SoDEX+0.026%7-day average — · you sell dearer than you buy

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

Long on SoDEX Short on Bitget

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—needs both histories

The price spread pays, funding is against you. Bitget is 0.026% dearer against SoDEX than usual: you sell high and buy low (spread +0.026% now, against zero (this spread has no 7-day history yet)): +$3 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 42 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SoDEX SKHY-USD	188.71	0.0050	pay 0.0006% / 1h	49m 36s	$42K	$12K	10x
Short	Bitget SKHYUSDT	188.76	0	get 0.0000% / 8h	1h 49m	$25.3M	$25.1M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against SoDEX. 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 SoDEXbpFee BitgetbpOrdersPrice spread, now +0.026%Rate

Funding earned: −$10.5
Price spread: +0.026% → 0.000%: $2.65
Slippage, 4 orders: no order book: not counted
Fee SoDEX: 4 bp × 2 orders: −$8
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$27.85
Costs to cover: 0.200%
Break-even: never at this rate

Slippage unknown: SoDEX: no order-book sample; Bitget: live order book, 4 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 SoDEX no order-book sample	—	—	—	—	—
Sell Bitget live order book, 4 min ago	0.80 bp	10.4 bp −$10	20.1 bp −$201	26.9 bp −$2,686	44.9 bp −$22.4K

SoDEX: 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	−0.0503%	4h	188.74	+0.019%	$569K	$290K	10x	as long as short
KuCoin SKHYUSDTM	−0.0026%	8h	188.67	−0.021%	$1.1M	$317K	20x	as long as short
Nado SKHY-PERP	−0.0016%	1h	188.71	0.000%	$28K	$2K	10x	as long as short
QFEX SKHY-USD	−0.0001%	1h	188.74	+0.016%	$1.2M	$5.2M	10x	as long as short
Aster SKHYUSDT	0.0000%	8h	188.69	−0.011%	$250K	$901K	50x	as long as short
Extended SKHY-USD	0.0000%	1h	188.73	+0.012%	$55K	$4K	10x	as long as short
Binance SKHYUSDT	0.0000%	8h	188.75	+0.023%	$211.5M	$378.8M	50x	as long as short
Bybit SKHYUSDT	0.0000%	8h	188.77	+0.032%	$15.8M	$26.4M	100x	as long as short
OKX SKHY-USDT-SWAP	0.0000%	8h	188.76	+0.026%	$46.9M	$60.7M	50x	as long as short
Gate SKHY_USDT	0.0000%	8h	188.73	+0.011%	$26.0M	$17.7M	75x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget SKHYUSDTshort	0.0000%	8h	188.76	+0.026%	$25.3M	$25.1M	20x
Variational Omni SKHY	0.0000%	8h	188.76	+0.026%	$1.5M	$2.5M	—	as long as short
GRVT SKHY_USDT_Perp	0.0000%	8h	188.74	+0.016%	$22K	$220K	10x	as long as short
SunX SKHY-USDT	0.0000%	8h	189.01	+0.159%	$692	$7.3M	10x	as long as short
HTX SKHY-USDT	0.0000%	8h	188.70	−0.005%	$155K	$400K	50x	as long as short
Phemex SKHYUSDT	0.0000%	8h	188.73	+0.011%	$1.5M	$1.1M	10x	as long as short
Lighter SKHY	+0.0032%	1h	188.69	−0.011%	$1.0M	$711K	10x	as long as short
Lighter RH SKHY	+0.0032%	1h	188.66	−0.026%	$1.1M	$1.4M	10x	as long as short
Arcus SKHY-USD	+0.0040%	1h	188.78	+0.037%	$56K	$156K	10x	as long as short
Vest SKHY-USD-PERP	+0.0046%	1h	188.69	−0.011%	—	$12K	10x	as long as short
Popdex SKHYUSDT	+0.0048%	1h	188.77	+0.032%	$202K	$241K	20x	as long as short
tradeXYZ xyz:SKHY	+0.0050%	1h	188.68	−0.016%	$164.4M	$65.0M	10x	as long as short
Polymarket Perps SKHY-USD	+0.0050%	1h	188.64	−0.037%	$186K	$923K	10x	as long as short
SoDEX SKHY-USDlong	+0.0050%	1h	188.71	long leg	$42K	$12K	10x
Ondo Perps SKHY-USD.P	+0.0050%	1h	188.70	−0.005%	$522K	$923K	10x	as long as short
Orderly PERP_SKHY_USDC_mythos	+0.0100%	8h	188.77	+0.032%	$2K	$5K	10x	as long as short
BloFin SKHY-USDT	+0.0120%	8h	188.76	+0.026%	$2.2M	$432K	50x	as long as short
Coinbase International SKHY-PERP-INTX	+0.0240%	1h	188.62	−0.048%	$168K	$683K	10x	as long as short
Deribit SKHY_USDC-PERPETUAL	+0.0280%	1h	188.80	+0.048%	$45K	$228K	10x	as long as short
Phoenix SKHY	+0.0297%	1h	188.96	+0.132%	$213K	$128K	10x	as long as short
Kraken Futures PF_SKHYUSD	+0.0872%	1h	188.89	+0.095%	$50K	$24K	20x	as long as short