Funding arb · Price arb /

SKHY

RWAall SKHY markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0050%/8h= −5.5% APRpaid last 24h −0.005%

Price spread now: GRVT against SoDEX+0.042%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 GRVT

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—+ Points / potential airdropGRVT: Active · farm boardneeds both histories

The price spread pays, funding is against you. GRVT is 0.042% dearer against SoDEX than usual: you sell high and buy low (spread +0.042% 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	189.60	0.0050	pay 0.0006% / 1h	39m 19s	$42K	$13K	10x
Short	GRVT SKHY_USDT_Perp	189.68	0	get 0.0000% / 8h	39m 19s	$22K	$210K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GRVT 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 GRVTbpOrdersPrice spread, now +0.042%Rate

Funding earned: −$10.5
Price spread: +0.042% → 0.000%: $4.24
Slippage, 4 orders: no order book: not counted
Fee SoDEX: 4 bp × 2 orders: −$8
Fee GRVT: 4.5 bp × 2 orders: −$9
Net: −$23.26
Costs to cover: 0.170%
Break-even: never at this rate

Slippage unknown: SoDEX: no order-book sample; GRVT: live order book, 38 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 GRVT live order book, 38 min ago	1.59 bp	6.2 bp −$6	14.7 bp −$147	doesn't fit	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 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	−0.0351%	4h	189.60	0.000%	$572K	$289K	10x	as long as short
Nado SKHY-PERP	−0.0061%	1h	189.66	+0.033%	$28K	$2K	10x	as long as short
KuCoin SKHYUSDTM	−0.0005%	8h	189.56	−0.021%	$1.1M	$288K	20x	as long as short
QFEX SKHY-USD	0.0000%	1h	189.62	+0.011%	$1.2M	$5.3M	10x	as long as short
Aster SKHYUSDT	0.0000%	8h	189.49	−0.060%	$251K	$903K	50x	as long as short
Extended SKHY-USD	0.0000%	1h	189.60	−0.002%	$55K	$4K	10x	as long as short
Binance SKHYUSDT	0.0000%	8h	189.63	+0.016%	$212.3M	$378.5M	50x	as long as short
Bybit SKHYUSDT	0.0000%	8h	189.71	+0.058%	$15.6M	$27.0M	100x	as long as short
OKX SKHY-USDT-SWAP	0.0000%	8h	189.66	+0.032%	$47.3M	$61.2M	50x	as long as short
Gate SKHY_USDT	0.0000%	8h	189.61	+0.005%	$26.1M	$17.8M	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	189.68	+0.042%	$25.4M	$25.6M	20x	as long as short
Variational Omni SKHY	0.0000%	8h	189.60	+0.001%	$1.6M	$2.6M	—	as long as short
GRVT SKHY_USDT_Perpshort	0.0000%	8h	189.68	+0.042%	$22K	$210K	10x
SunX SKHY-USDT	0.0000%	8h	189.92	+0.169%	$695	$7.2M	10x	as long as short
Deribit SKHY_USDC-PERPETUAL	0.0000%	1h	189.65	+0.026%	$45K	$238K	10x	as long as short
HTX SKHY-USDT	0.0000%	8h	189.58	−0.011%	$155K	$400K	50x	as long as short
Phemex SKHYUSDT	0.0000%	8h	189.63	+0.016%	$1.5M	$1.1M	10x	as long as short
Lighter SKHY	+0.0032%	1h	189.60	0.000%	$1.0M	$688K	10x	as long as short
Lighter RH SKHY	+0.0032%	1h	189.56	−0.021%	$1.1M	$1.4M	10x	as long as short
Arcus SKHY-USD	+0.0040%	1h	189.65	+0.026%	$56K	$156K	10x	as long as short
Vest SKHY-USD-PERP	+0.0046%	1h	189.63	+0.016%	—	$12K	10x	as long as short
Popdex SKHYUSDT	+0.0048%	1h	189.66	+0.032%	$203K	$240K	20x	as long as short
tradeXYZ xyz:SKHY	+0.0050%	1h	189.61	+0.005%	$165.0M	$65.0M	10x	as long as short
Polymarket Perps SKHY-USD	+0.0050%	1h	189.60	0.000%	$187K	$928K	10x	as long as short
SoDEX SKHY-USDlong	+0.0050%	1h	189.60	long leg	$42K	$13K	10x
Ondo Perps SKHY-USD.P	+0.0050%	1h	189.66	+0.032%	$559K	$1.1M	10x	as long as short
Orderly PERP_SKHY_USDC_mythos	+0.0100%	8h	189.64	+0.021%	$2K	$4K	10x	as long as short
BloFin SKHY-USDT	+0.0120%	8h	189.65	+0.026%	$2.3M	$395K	50x	as long as short
Coinbase International SKHY-PERP-INTX	+0.0128%	1h	189.84	+0.127%	$169K	$683K	10x	as long as short
Phoenix SKHY	+0.0380%	1h	189.90	+0.158%	$214K	$128K	10x	as long as short
Kraken Futures PF_SKHYUSD	+0.0950%	1h	189.78	+0.096%	$50K	$24K	20x	as long as short