Funding arb · Price arb /

SKHY

RWAall SKHY markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.1335%/8h= −146.1% APRpaid last 24h −0.015%

Price spread now: Variational Omni against SoDEX−0.297%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 Variational Omni

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 airdropVariational Omni: Active · farm boardneeds both histories

Both sides work against this trade now: funding costs −$40 a day on $10k at the current rate, and Variational Omni is 0.297% cheaper against SoDEX than usual: you would sell low and buy high (−$30 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	192.33	0.1335	pay 0.0167% / 1h	52m 20s	$43K	$13K	10x
Short	Variational Omni SKHY	191.76	0	get 0.0000% / 8h	7h 52m	$1.6M	$2.4M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni 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 Variational OmnibpOrdersPrice spread, now −0.297%Rate

Funding earned: −$280.26
Price spread: −0.297% → 0.000%: −$29.68
Slippage, 4 orders: no order book: not counted
Fee SoDEX: 4 bp × 2 orders: −$8
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$317.95
Costs to cover: 0.080%
Break-even: never at this rate

Slippage unknown: SoDEX: no order-book sample; Variational Omni: RFQ quote, 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 Variational Omni RFQ quote, 2 min ago	2.24 bp	doesn't fit	5.4 bp −$54	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	−0.0531%	4h	191.41	−0.476%	$577K	$289K	10x	as long as short
Nado SKHY-PERP	−0.0115%	1h	192.49	+0.084%	$29K	$2K	10x	as long as short
Deribit SKHY_USDC-PERPETUAL	−0.0010%	1h	192.43	+0.052%	$46K	$259K	10x	as long as short
Aster SKHYUSDT	0.0000%	8h	192.25	−0.043%	$255K	$905K	50x	as long as short
Extended SKHY-USD	0.0000%	1h	192.36	+0.015%	$56K	$6K	10x	as long as short
Binance SKHYUSDT	0.0000%	8h	192.38	+0.026%	$213.2M	$383.2M	50x	as long as short
Bybit SKHYUSDT	0.0000%	8h	192.43	+0.052%	$15.7M	$27.3M	100x	as long as short
OKX SKHY-USDT-SWAP	0.0000%	8h	192.41	+0.042%	$47.6M	$63.4M	50x	as long as short
Gate SKHY_USDT	0.0000%	8h	192.41	+0.042%	$26.4M	$17.3M	75x	as long as short
Bitget SKHYUSDT	0.0000%	8h	192.36	+0.016%	$25.5M	$26.2M	20x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni SKHYshort	0.0000%	8h	191.76	−0.297%	$1.6M	$2.4M	—
SunX SKHY-USDT	0.0000%	8h	192.64	+0.161%	$705	$7.1M	10x	as long as short
HTX SKHY-USDT	0.0000%	8h	192.31	−0.010%	$158K	$393K	50x	as long as short
Phemex SKHYUSDT	0.0000%	8h	192.38	+0.026%	$1.5M	$1.1M	10x	as long as short
QFEX SKHY-USD	+0.0005%	1h	192.40	+0.036%	$1.2M	$5.3M	10x	as long as short
KuCoin SKHYUSDTM	+0.0030%	8h	192.28	−0.026%	$1.1M	$272K	20x	as long as short
Lighter SKHY	+0.0032%	1h	192.33	0.000%	$1.0M	$614K	10x	as long as short
Lighter RH SKHY	+0.0032%	1h	192.31	−0.010%	$1.1M	$1.4M	10x	as long as short
Arcus SKHY-USD	+0.0040%	1h	192.09	−0.125%	$57K	$155K	10x	as long as short
Vest SKHY-USD-PERP	+0.0046%	1h	192.46	+0.068%	—	$13K	10x	as long as short
Popdex SKHYUSDT	+0.0048%	1h	192.45	+0.062%	$196K	$257K	20x	as long as short
Ondo Perps SKHY-USD.P	+0.0050%	1h	192.44	+0.057%	$577K	$1.4M	10x	as long as short
Coinbase International SKHY-PERP-INTX	+0.0088%	1h	190.51	−0.946%	$171K	$682K	10x	as long as short
Orderly PERP_SKHY_USDC_mythos	+0.0100%	8h	192.41	+0.042%	$2K	$4K	10x	as long as short
BloFin SKHY-USDT	+0.0120%	8h	192.41	+0.042%	$2.2M	$428K	50x	as long as short
GRVT SKHY_USDT_Perp	+0.0176%	8h	191.64	−0.360%	$23K	$202K	10x	as long as short
Phoenix SKHY	+0.0335%	1h	191.61	−0.374%	$216K	$120K	10x	as long as short
Kraken Futures PF_SKHYUSD	+0.0711%	1h	192.47	+0.072%	$51K	$25K	20x	as long as short
Polymarket Perps SKHY-USD	+0.0948%	1h	192.45	+0.062%	$193K	$395K	10x	as long as short
tradeXYZ xyz:SKHY	+0.1079%	1h	192.42	+0.047%	$166.5M	$64.1M	10x	as long as short
SoDEX SKHY-USDlong	+0.1335%	1h	192.33	long leg	$43K	$13K	10x