Funding arb · Price arb /

SKHY

RWAall SKHY markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC−0.0050%/8h= −5.5% APRpaid last 24h −0.015%

Price spread now: Bybit against SoDEX+0.043%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 Bybit

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

The price spread pays, funding is against you. Bybit is 0.043% dearer against SoDEX than usual: you sell high and buy low (spread +0.043% now, against zero (this spread has no 7-day history yet)): +$4 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 2.8 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SoDEX SKHY-USD	187.47	0.0050	pay 0.0006% / 1h	45m 01s	$41K	$12K	10x
Short	Bybit SKHYUSDT	187.55	0	get 0.0000% / 8h	4h 45m	$16.4M	$34.0M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now +0.043%Rate

Funding earned: −$10.5
Price spread: +0.043% → 0.000%: $4.27
Slippage, 4 orders: no order book: not counted
Fee SoDEX: 4 bp × 2 orders: −$8
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$25.23
Costs to cover: 0.190%
Break-even: never at this rate

Slippage unknown: SoDEX: no order-book sample; Bybit: live order book, 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 SoDEX no order-book sample	—	—	—	—	—
Sell Bybit live order book, 2 min ago	0.53 bp	9.3 bp −$9	17.7 bp −$177	83.4 bp −$8,341	doesn't fit

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 exchanges

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
Kraken Futures PF_SKHYUSD	−0.2061%	1h	187.31	−0.083%	$50K	$37K	20x	as long as short
edgeX SKHYUSDC	−0.0583%	4h	187.39	−0.042%	$565K	$287K	10x	as long as short
Deribit SKHY_USDC-PERPETUAL	−0.0443%	1h	187.44	−0.016%	$53K	$494K	10x	as long as short
Bitget SKHYUSDT	−0.0217%	8h	187.59	+0.064%	$26.1M	$36.8M	20x	as long as short
KuCoin SKHYUSDTM	−0.0212%	8h	187.44	−0.016%	$1.1M	$525K	20x	as long as short
Coinbase International SKHY-PERP-INTX	−0.0096%	1h	187.65	+0.096%	$110K	$727K	10x	as long as short
Nado SKHY-PERP	−0.0081%	1h	187.50	+0.018%	$32K	$28K	10x	as long as short
Binance SKHYUSDT	−0.0017%	8h	187.57	+0.053%	$197.2M	$473.7M	50x	as long as short
Extended SKHY-USD	−0.0016%	1h	187.51	+0.020%	$55K	$7K	10x	as long as short
QFEX SKHY-USD	−0.0013%	1h	187.38	−0.048%	$1.2M	$4.2M	10x	as long as short

Show all 31 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
tradeXYZ xyz:SKHY	−0.0012%	1h	187.53	+0.032%	$158.5M	$77.4M	10x	as long as short
Aster SKHYUSDT	0.0000%	8h	187.51	+0.020%	$258K	$919K	50x	as long as short
Bybit SKHYUSDTshort	0.0000%	8h	187.55	+0.043%	$16.4M	$34.0M	100x
OKX SKHY-USDT-SWAP	0.0000%	8h	187.53	+0.032%	$44.5M	$85.8M	50x	as long as short
Gate SKHY_USDT	0.0000%	8h	187.46	−0.005%	$25.3M	$21.4M	75x	as long as short
Variational Omni SKHY	0.0000%	8h	187.38	−0.049%	$1.5M	$948K	—	as long as short
GRVT SKHY_USDT_Perp	0.0000%	8h	187.38	−0.048%	$22K	$258K	10x	as long as short
SunX SKHY-USDT	0.0000%	8h	187.71	+0.128%	$687	$5.3M	10x	as long as short
HTX SKHY-USDT	0.0000%	8h	187.48	+0.005%	$154K	$384K	50x	as long as short
Phemex SKHYUSDT	0.0000%	8h	187.52	+0.027%	$1.5M	$1.1M	10x	as long as short
Lighter SKHY	+0.0016%	1h	187.45	−0.011%	$980K	$1.4M	10x	as long as short
Lighter RH SKHY	+0.0032%	1h	187.41	−0.032%	$1.1M	$1.5M	10x	as long as short
Arcus SKHY-USD	+0.0040%	1h	187.42	−0.027%	$60K	$131K	10x	as long as short
Vest SKHY-USD-PERP	+0.0046%	1h	187.43	−0.021%	—	$40K	10x	as long as short
Popdex SKHYUSDT	+0.0048%	1h	187.44	−0.016%	$202K	$319K	20x	as long as short
Polymarket Perps SKHY-USD	+0.0050%	1h	187.40	−0.037%	$182K	$342K	10x	as long as short
SoDEX SKHY-USDlong	+0.0050%	1h	187.47	long leg	$41K	$12K	10x
Ondo Perps SKHY-USD.P	+0.0050%	1h	187.56	+0.048%	$523K	$2.5M	10x	as long as short
Orderly PERP_SKHY_USDC_mythos	+0.0100%	8h	187.51	+0.021%	$2K	$4K	10x	as long as short
BloFin SKHY-USDT	+0.0103%	8h	187.51	+0.021%	$2.2M	$495K	50x	as long as short
Phoenix SKHY	+0.0298%	1h	187.78	+0.165%	$210K	$123K	10x	as long as short