Funding arb · Price arb /

SKHY

RWAall SKHY markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.1065%/8h= −116.7% APRpaid last 24h −0.015%

Price spread now: HTX against SoDEX−0.036%7-day average — · you buy dearer than you sell

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

Long on SoDEX Short on HTX

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

Both sides work against this trade now: funding costs −$32 a day on $10k at the current rate, and HTX is 0.036% cheaper against SoDEX than usual: you would sell low and buy high (−$4 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SoDEX SKHY-USD	193.07	0.1065	pay 0.0133% / 1h	45m 03s	$43K	$13K	10x
Short	HTX SKHY-USDT	193.00	0	get 0.0000% / 8h	7h 45m	$160K	$395K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX 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 HTXbpOrdersPrice spread, now −0.036%Rate

Funding earned: −$223.73
Price spread: −0.036% → 0.000%: −$3.63
Slippage, 4 orders: no order book: not counted
Fee SoDEX: 4 bp × 2 orders: −$8
Fee HTX: 6 bp × 2 orders: −$12
Net: −$247.36
Costs to cover: 0.200%
Break-even: never at this rate

Slippage unknown: SoDEX: no order-book sample; HTX: live order book, 28 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 HTX live order book, 28 min ago	2.38 bp	8.4 bp −$8	11.3 bp −$113	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	−0.0833%	4h	192.72	−0.180%	$581K	$290K	10x	as long as short
Nado SKHY-PERP	−0.0051%	1h	193.05	−0.011%	$29K	$2K	10x	as long as short
Aster SKHYUSDT	0.0000%	8h	192.83	−0.126%	$256K	$921K	50x	as long as short
Extended SKHY-USD	0.0000%	1h	192.92	−0.078%	$56K	$6K	10x	as long as short
Binance SKHYUSDT	0.0000%	8h	192.96	−0.057%	$213.4M	$384.8M	50x	as long as short
Bybit SKHYUSDT	0.0000%	8h	193.00	−0.036%	$15.8M	$27.5M	100x	as long as short
OKX SKHY-USDT-SWAP	0.0000%	8h	193.02	−0.026%	$47.1M	$66.7M	50x	as long as short
Gate SKHY_USDT	0.0000%	8h	193.00	−0.036%	$26.4M	$17.5M	75x	as long as short
Bitget SKHYUSDT	0.0000%	8h	192.98	−0.047%	$25.8M	$26.6M	20x	as long as short
Variational Omni SKHY	0.0000%	8h	193.22	+0.075%	$1.6M	$2.3M	—	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX SKHY-USDT	0.0000%	8h	193.36	+0.150%	$708	$7.0M	10x	as long as short
HTX SKHY-USDTshort	0.0000%	8h	193.00	−0.036%	$160K	$395K	50x
Phemex SKHYUSDT	0.0000%	8h	192.97	−0.052%	$1.5M	$1.1M	10x	as long as short
QFEX SKHY-USD	+0.0005%	1h	192.99	−0.041%	$1.2M	$5.3M	10x	as long as short
Lighter SKHY	+0.0032%	1h	192.98	−0.047%	$1.0M	$620K	10x	as long as short
Lighter RH SKHY	+0.0032%	1h	193.00	−0.036%	$1.1M	$1.5M	10x	as long as short
Arcus SKHY-USD	+0.0040%	1h	193.04	−0.016%	$57K	$155K	10x	as long as short
Vest SKHY-USD-PERP	+0.0046%	1h	193.10	+0.016%	—	$13K	10x	as long as short
KuCoin SKHYUSDTM	+0.0047%	8h	192.88	−0.098%	$1.1M	$276K	20x	as long as short
Popdex SKHYUSDT	+0.0048%	1h	193.07	0.000%	$197K	$256K	20x	as long as short
Ondo Perps SKHY-USD.P	+0.0050%	1h	193.16	+0.047%	$611K	$1.6M	10x	as long as short
Coinbase International SKHY-PERP-INTX	+0.0088%	1h	190.51	−1.326%	$171K	$680K	10x	as long as short
Orderly PERP_SKHY_USDC_mythos	+0.0100%	8h	193.07	0.000%	$2K	$4K	10x	as long as short
BloFin SKHY-USDT	+0.0120%	8h	193.13	+0.031%	$2.2M	$429K	50x	as long as short
GRVT SKHY_USDT_Perp	+0.0282%	8h	192.80	−0.141%	$23K	$202K	10x	as long as short
Phoenix SKHY	+0.0335%	1h	193.28	+0.109%	$218K	$120K	10x	as long as short
Polymarket Perps SKHY-USD	+0.0351%	1h	193.03	−0.021%	$194K	$425K	10x	as long as short
Deribit SKHY_USDC-PERPETUAL	+0.0372%	1h	193.11	+0.021%	$46K	$260K	10x	as long as short
tradeXYZ xyz:SKHY	+0.0456%	1h	192.99	−0.041%	$166.8M	$65.2M	10x	as long as short
Kraken Futures PF_SKHYUSD	+0.0709%	1h	193.07	−0.001%	$51K	$25K	20x	as long as short
SoDEX SKHY-USDlong	+0.1065%	1h	193.07	long leg	$43K	$13K	10x