Funding arb · Price arb /

SKHY

RWAall SKHY markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0050%/8h= +5.5% APRpaid last 24h +0.015%

Price spread now: Ondo Perps against SunX−0.238%7-day average −0.161% · you buy dearer than you sell

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

Long on SunX Short on Ondo Perps

What this pair did over the last

the charts below follow

Funding, last 7 days+0.083%+$8 on $10k

Price spread, last 4 days (all we have)+0.408%+$41 · spread now −0.238%, 7d avg −0.161%

Together, before fees+0.491%+ Points / potential airdropOndo Perps: Active · farm board+$49 on $10k · with fees, hour by hour

Funding pays, the price is against you. Ondo Perps is 0.078% cheaper against SunX than usual: you would sell low and buy high (spread −0.238% now, against its 7-day average of −0.161%). If the spread goes back, that is −$8 on $10k: about 5.1 days of funding at the current rate (+$2 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX SKHY-USDT	193.11	0	get 0.0000% / 8h	5h 29m	$707	$6.4M	10x
Short	Ondo Perps SKHY-USD.P	192.65	0.0050	get 0.0006% / 1h	29m 39s	$585K	$2.2M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Ondo Perps against SunX. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 SunXbpFee Ondo PerpsbpOrdersPrice spread, now −0.238%Rate

Funding earned: $10.58
Price spread: −0.238% → −0.161%: −$7.77
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Net: −$10.18
Costs to cover: 0.130%
Break-even: 13.7 days

Slippage unknown: SunX: live order book, 9 min ago; Ondo Perps: no order-book sample. 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 SunX live order book, 9 min ago	29.30 bp	47.7 bp −$48	doesn't fit	doesn't fit	doesn't fit
Sell Ondo Perps no order-book sample	—	—	—	—	—

Ondo Perps: 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	−0.0262%	4h	192.97	−0.070%	$582K	$291K	10x	as long as short
Coinbase International SKHY-PERP-INTX	−0.0032%	1h	192.90	−0.109%	$45K	$874K	10x	as long as short
Aster SKHYUSDT	0.0000%	8h	192.77	−0.175%	$248K	$890K	50x	as long as short
Extended SKHY-USD	0.0000%	1h	192.82	−0.151%	$56K	$7K	10x	as long as short
Binance SKHYUSDT	0.0000%	8h	192.90	−0.109%	$206.7M	$389.4M	50x	as long as short
Bybit SKHYUSDT	0.0000%	8h	192.90	−0.109%	$15.7M	$27.3M	100x	as long as short
OKX SKHY-USDT-SWAP	0.0000%	8h	192.90	−0.109%	$46.7M	$69.4M	50x	as long as short
Gate SKHY_USDT	0.0000%	8h	192.79	−0.166%	$25.8M	$19.0M	75x	as long as short
Variational Omni SKHY	0.0000%	8h	192.94	−0.090%	$1.6M	$1.2M	—	as long as short
GRVT SKHY_USDT_Perp	0.0000%	8h	192.95	−0.083%	$23K	$194K	10x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX SKHY-USDTlong	0.0000%	8h	193.11	long leg	$707	$6.4M	10x
HTX SKHY-USDT	0.0000%	8h	192.77	−0.176%	$160K	$368K	50x	as long as short
Phemex SKHYUSDT	0.0000%	8h	192.82	−0.150%	$1.5M	$1.1M	10x	as long as short
QFEX SKHY-USD	+0.0004%	1h	192.83	−0.145%	$1.2M	$4.3M	10x	as long as short
Lighter SKHY	+0.0032%	1h	192.73	−0.197%	$1.0M	$688K	10x	as long as short
Lighter RH SKHY	+0.0032%	1h	192.74	−0.192%	$1.1M	$1.5M	10x	as long as short
Arcus SKHY-USD	+0.0040%	1h	192.84	−0.140%	$57K	$154K	10x	as long as short
Vest SKHY-USD-PERP	+0.0046%	1h	192.77	−0.176%	—	$11K	10x	as long as short
Popdex SKHYUSDT	+0.0048%	1h	192.91	−0.104%	$199K	$255K	20x	as long as short
tradeXYZ xyz:SKHY	+0.0050%	1h	192.73	−0.197%	$161.3M	$67.2M	10x	as long as short
Polymarket Perps SKHY-USD	+0.0050%	1h	192.71	−0.207%	$188K	$456K	10x	as long as short
SoDEX SKHY-USD	+0.0050%	1h	192.79	−0.166%	$43K	$13K	10x	as long as short
Ondo Perps SKHY-USD.Pshort	+0.0050%	1h	192.65	−0.238%	$585K	$2.2M	10x
KuCoin SKHYUSDTM	+0.0100%	8h	192.79	−0.166%	$1.1M	$290K	20x	as long as short
Orderly PERP_SKHY_USDC_mythos	+0.0100%	8h	192.80	−0.161%	$2K	$4K	10x	as long as short
BloFin SKHY-USDT	+0.0120%	8h	192.97	−0.072%	$2.3M	$446K	50x	as long as short
Bitget SKHYUSDT	+0.0142%	8h	192.90	−0.109%	$25.4M	$26.7M	20x	as long as short
Nado SKHY-PERP	+0.0169%	1h	192.87	−0.122%	$38K	$26K	10x	as long as short
Deribit SKHY_USDC-PERPETUAL	+0.0321%	1h	192.82	−0.150%	$49K	$295K	10x	as long as short
Phoenix SKHY	+0.0332%	1h	193.13	+0.010%	$216K	$124K	10x	as long as short
Kraken Futures PF_SKHYUSD	+0.0546%	1h	192.91	−0.102%	$51K	$17K	20x	as long as short