Funding arb · Price arb /

SKHY

RWAall SKHY markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC−0.0271%/8h= −29.7% APRpaid last 24h −0.015%

Price spread now: OKX against SoDEX+0.075%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 OKX

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. OKX is 0.075% dearer against SoDEX than usual: you sell high and buy low (spread +0.075% now, against zero (this spread has no 7-day history yet)): +$8 on $10k if it goes back. Holding the pair costs −$8 a day in funding at the current rate, which eats that in about 22 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SoDEX SKHY-USD	186.53	0.0271	pay 0.0034% / 1h	56m 55s	$41K	$12K	10x
Short	OKX SKHY-USDT-SWAP	186.67	0	get 0.0000% / 8h	6h 56m	$44.3M	$83.3M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now +0.075%Rate

Funding earned: −$56.9
Price spread: +0.075% → 0.000%: $7.51
Slippage, 4 orders: no order book: not counted
Fee SoDEX: 4 bp × 2 orders: −$8
Fee OKX: 5 bp × 2 orders: −$10
Net: −$67.4
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: SoDEX: no order-book sample; OKX: 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 OKX live order book, 2 min ago	0.27 bp	6.4 bp −$6	8.4 bp −$84	46.0 bp −$4,599	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
Bitget SKHYUSDT	−0.0991%	8h	186.73	+0.107%	$25.7M	$35.4M	20x	as long as short
edgeX SKHYUSDC	−0.0405%	4h	186.37	−0.086%	$562K	$289K	10x	as long as short
KuCoin SKHYUSDTM	−0.0184%	8h	186.56	+0.016%	$1.1M	$401K	20x	as long as short
QFEX SKHY-USD	−0.0005%	1h	186.51	−0.011%	$1.2M	$4.3M	10x	as long as short
Aster SKHYUSDT	0.0000%	8h	186.57	+0.020%	$266K	$949K	50x	as long as short
Extended SKHY-USD	0.0000%	1h	186.55	+0.011%	$54K	$7K	10x	as long as short
Binance SKHYUSDT	0.0000%	8h	186.60	+0.035%	$197.5M	$468.4M	50x	as long as short
Bybit SKHYUSDT	0.0000%	8h	186.66	+0.070%	$16.0M	$33.4M	100x	as long as short
OKX SKHY-USDT-SWAPshort	0.0000%	8h	186.67	+0.075%	$44.3M	$83.3M	50x
Gate SKHY_USDT	0.0000%	8h	186.67	+0.075%	$25.6M	$21.3M	75x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni SKHY	0.0000%	8h	186.05	−0.257%	$1.5M	$1.1M	—	as long as short
GRVT SKHY_USDT_Perp	0.0000%	8h	186.06	−0.252%	$22K	$247K	10x	as long as short
SunX SKHY-USDT	0.0000%	8h	186.89	+0.193%	$684	$5.7M	10x	as long as short
Deribit SKHY_USDC-PERPETUAL	0.0000%	1h	186.54	+0.005%	$47K	$355K	10x	as long as short
HTX SKHY-USDT	0.0000%	8h	186.54	+0.005%	$155K	$377K	50x	as long as short
Phemex SKHYUSDT	0.0000%	8h	186.61	+0.043%	$1.5M	$1.1M	10x	as long as short
Nado SKHY-PERP	+0.0011%	1h	186.62	+0.049%	$32K	$28K	10x	as long as short
Lighter SKHY	+0.0032%	1h	186.55	+0.011%	$993K	$1.3M	10x	as long as short
Lighter RH SKHY	+0.0032%	1h	186.53	0.000%	$1.1M	$1.5M	10x	as long as short
Arcus SKHY-USD	+0.0040%	1h	186.49	−0.021%	$60K	$173K	10x	as long as short
Vest SKHY-USD-PERP	+0.0046%	1h	186.53	0.000%	—	$39K	10x	as long as short
Popdex SKHYUSDT	+0.0048%	1h	186.55	+0.011%	$199K	$299K	20x	as long as short
tradeXYZ xyz:SKHY	+0.0050%	1h	186.66	+0.070%	$158.0M	$78.4M	10x	as long as short
Polymarket Perps SKHY-USD	+0.0050%	1h	186.54	+0.005%	$180K	$451K	10x	as long as short
Ondo Perps SKHY-USD.P	+0.0050%	1h	186.48	−0.027%	$514K	$2.6M	10x	as long as short
Coinbase International SKHY-PERP-INTX	+0.0056%	1h	186.08	−0.241%	$110K	$887K	10x	as long as short
Orderly PERP_SKHY_USDC_mythos	+0.0100%	8h	186.58	+0.027%	$2K	$4K	10x	as long as short
BloFin SKHY-USDT	+0.0120%	8h	186.57	+0.021%	$2.1M	$461K	50x	as long as short
Phoenix SKHY	+0.0215%	1h	186.25	−0.150%	$209K	$123K	10x	as long as short
SoDEX SKHY-USDlong	+0.0271%	1h	186.53	long leg	$41K	$12K	10x
Kraken Futures PF_SKHYUSD	+0.0755%	1h	186.66	+0.071%	$48K	$20K	20x	as long as short