Funding arb · Price arb /

SKHY

RWAall SKHY markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0050%/8h= +5.5% APRpaid last 24h +0.015%

Price spread now: SoDEX against SunX−0.212%7-day average — · you buy dearer than you sell

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

Long on SunX Short on SoDEX

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

Funding pays, the price is against you. SoDEX is 0.212% cheaper against SunX than usual: you would sell low and buy high (spread −0.212% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$21 on $10k: about 14 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	193.33	0	get 0.0000% / 8h	4h 14m	$708	$6.2M	10x
Short	SoDEX SKHY-USD	192.92	0.0050	get 0.0006% / 1h	14m 15s	$43K	$13K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SoDEX against SunX. 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 SunXbpFee SoDEXbpOrdersPrice spread, now −0.212%Rate

Funding earned: $10.5
Price spread: −0.212% → 0.000%: −$21.21
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee SoDEX: 4 bp × 2 orders: −$8
Net: −$26.71
Costs to cover: 0.160%
Break-even: 24.8 days

Slippage unknown: SunX: live order book, 5 min ago; SoDEX: 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, 5 min ago	29.47 bp	48.0 bp −$48	doesn't fit	doesn't fit	doesn't fit
Sell SoDEX no order-book sample	—	—	—	—	—

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	−0.0625%	4h	193.04	−0.148%	$582K	$292K	10x	as long as short
Coinbase International SKHY-PERP-INTX	−0.0048%	1h	192.84	−0.253%	$45K	$861K	10x	as long as short
Aster SKHYUSDT	0.0000%	8h	192.92	−0.210%	$249K	$889K	50x	as long as short
Extended SKHY-USD	0.0000%	1h	192.93	−0.205%	$56K	$7K	10x	as long as short
Binance SKHYUSDT	0.0000%	8h	192.99	−0.177%	$203.8M	$394.1M	50x	as long as short
Bybit SKHYUSDT	0.0000%	8h	192.95	−0.197%	$15.7M	$27.7M	100x	as long as short
OKX SKHY-USDT-SWAP	0.0000%	8h	193.02	−0.160%	$46.8M	$70.1M	50x	as long as short
Gate SKHY_USDT	0.0000%	8h	192.97	−0.186%	$25.8M	$18.9M	75x	as long as short
Variational Omni SKHY	0.0000%	8h	192.91	−0.217%	$1.6M	$1.1M	—	as long as short
GRVT SKHY_USDT_Perp	0.0000%	8h	193.07	−0.133%	$22K	$204K	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	193.33	long leg	$708	$6.2M	10x
HTX SKHY-USDT	0.0000%	8h	192.83	−0.259%	$161K	$369K	50x	as long as short
Phemex SKHYUSDT	0.0000%	8h	192.96	−0.191%	$1.5M	$1.1M	10x	as long as short
QFEX SKHY-USD	+0.0015%	1h	192.95	−0.197%	$1.2M	$4.0M	10x	as long as short
Lighter SKHY	+0.0032%	1h	192.84	−0.253%	$1.0M	$688K	10x	as long as short
Lighter RH SKHY	+0.0032%	1h	192.80	−0.274%	$1.1M	$1.6M	10x	as long as short
Arcus SKHY-USD	+0.0040%	1h	193.02	−0.160%	$60K	$161K	10x	as long as short
Vest SKHY-USD-PERP	+0.0046%	1h	192.95	−0.197%	—	$12K	10x	as long as short
Popdex SKHYUSDT	+0.0048%	1h	193.02	−0.160%	$202K	$256K	20x	as long as short
tradeXYZ xyz:SKHY	+0.0050%	1h	192.88	−0.233%	$161.3M	$67.9M	10x	as long as short
Polymarket Perps SKHY-USD	+0.0050%	1h	192.87	−0.238%	$188K	$456K	10x	as long as short
SoDEX SKHY-USDshort	+0.0050%	1h	192.92	−0.212%	$43K	$13K	10x
Ondo Perps SKHY-USD.P	+0.0050%	1h	192.90	−0.222%	$582K	$2.4M	10x	as long as short
KuCoin SKHYUSDTM	+0.0100%	8h	192.95	−0.197%	$1.1M	$315K	20x	as long as short
Orderly PERP_SKHY_USDC_mythos	+0.0100%	8h	192.96	−0.191%	$2K	$4K	10x	as long as short
BloFin SKHY-USDT	+0.0120%	8h	192.93	−0.207%	$2.3M	$437K	50x	as long as short
Bitget SKHYUSDT	+0.0146%	8h	193.04	−0.150%	$25.2M	$26.9M	20x	as long as short
Nado SKHY-PERP	+0.0150%	1h	192.91	−0.216%	$38K	$26K	10x	as long as short
Deribit SKHY_USDC-PERPETUAL	+0.0268%	1h	192.99	−0.176%	$49K	$321K	10x	as long as short
Phoenix SKHY	+0.0372%	1h	193.37	+0.021%	$217K	$124K	10x	as long as short
Kraken Futures PF_SKHYUSD	+0.1058%	1h	193.06	−0.139%	$49K	$19K	20x	as long as short