Funding arb · Price arb /

SKHY

RWAall SKHY markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0231%/8h= +25.3% APRpaid last 24h −0.004%

Price spread now: Aster against tradeXYZ+0.047%7-day average +0.029% · you sell dearer than you buy

Net, funding: paid 7d − costs−$33as in the Funding arb table

Net, price: spread back to 7d avg − costs−$33as in the Price arb table

costs, in and out, $10k−$350.352% of the position

Long on tradeXYZ Short on Aster

What this pair did over the last

the charts below follow

Funding, last 7 days+0.020%+$2 on $10k

Price spread, last 4 days (all we have)−0.024%−$2 · spread now +0.047%, 7d avg +0.029%

Together, before fees−0.004%+ Points / potential airdroptradeXYZ: Active · Aster: Stage 5 · farm board$0 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.029%, so right now this pair is about funding alone: +$7 a day on $10k at the current rate.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.020% in total (about 1.1% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	tradeXYZ xyz:SKHY	186.64	−0.0231	get 0.0029% / 1h	34m 52s	$158.5M	$76.9M	10x
Short	Aster SKHYUSDT	186.73	0	get 0.0000% / 8h	34m 52s	$223K	$925K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against tradeXYZ. 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 tradeXYZbpFee AsterbpOrdersPrice spread, now +0.047%Rate

Funding earned: $48.56
Price spread: +0.047% → +0.029%: $1.85
Slippage, 4 orders: −$9.18
Fee tradeXYZ: 9 bp × 2 orders: −$18
Fee Aster: 4 bp × 2 orders: −$8
Net: $15.23
Costs to cover: 0.352%
Break-even: 4.8 days

Slippage from tradeXYZ: live order book, 5 min ago; Aster: live order book, 3 min ago.

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 tradeXYZ live order book, 5 min ago	0.54 bp	10.1 bp −$10	10.9 bp −$109	doesn't fit	doesn't fit
Sell Aster live order book, 3 min ago	1.34 bp	6.8 bp −$7	24.8 bp −$248	doesn't fit	doesn't fit

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	−0.1281%	8h	186.86	+0.118%	$25.4M	$33.1M	20x	as long as short
edgeX SKHYUSDC	−0.0749%	4h	186.53	−0.057%	$562K	$291K	10x	as long as short
Kraken Futures PF_SKHYUSD	−0.0266%	1h	186.65	+0.003%	$48K	$21K	20x	as long as short
Deribit SKHY_USDC-PERPETUAL	−0.0232%	1h	186.62	−0.011%	$49K	$347K	10x	as long as short
tradeXYZ xyz:SKHYlong	−0.0231%	1h	186.64	long leg	$158.5M	$76.9M	10x
Nado SKHY-PERP	−0.0185%	1h	186.74	+0.055%	$33K	$28K	10x	as long as short
Popdex SKHYUSDT	−0.0152%	1h	186.57	−0.038%	$204K	$289K	20x	as long as short
Polymarket Perps SKHY-USD	−0.0141%	1h	186.48	−0.086%	$180K	$487K	10x	as long as short
Coinbase International SKHY-PERP-INTX	−0.0072%	1h	187.58	+0.504%	$68K	$905K	10x	as long as short
QFEX SKHY-USD	−0.0061%	1h	186.57	−0.038%	$1.2M	$4.3M	10x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin SKHYUSDTM	−0.0034%	8h	186.56	−0.043%	$1.1M	$328K	20x	as long as short
Lighter SKHY	−0.0024%	1h	186.56	−0.043%	$975K	$1.2M	10x	as long as short
Aster SKHYUSDTshort	0.0000%	8h	186.73	+0.047%	$223K	$925K	50x
Extended SKHY-USD	0.0000%	1h	186.60	−0.022%	$54K	$7K	10x	as long as short
Binance SKHYUSDT	0.0000%	8h	186.65	+0.005%	$200.7M	$450.5M	50x	as long as short
Bybit SKHYUSDT	0.0000%	8h	186.68	+0.021%	$16.7M	$29.4M	100x	as long as short
OKX SKHY-USDT-SWAP	0.0000%	8h	186.65	+0.005%	$44.7M	$79.7M	50x	as long as short
Gate SKHY_USDT	0.0000%	8h	186.64	0.000%	$25.6M	$21.0M	75x	as long as short
Variational Omni SKHY	0.0000%	8h	186.58	−0.033%	$1.6M	$1.0M	—	as long as short
GRVT SKHY_USDT_Perp	0.0000%	8h	186.65	+0.005%	$22K	$233K	10x	as long as short
SunX SKHY-USDT	0.0000%	8h	186.87	+0.123%	$684	$6.1M	10x	as long as short
HTX SKHY-USDT	0.0000%	8h	186.56	−0.043%	$155K	$363K	50x	as long as short
Phemex SKHYUSDT	0.0000%	8h	186.62	−0.011%	$1.5M	$1.1M	10x	as long as short
Ondo Perps SKHY-USD.P	+0.0015%	1h	186.41	−0.123%	$521K	$2.6M	10x	as long as short
Lighter RH SKHY	+0.0032%	1h	186.59	−0.027%	$1.1M	$1.5M	10x	as long as short
Arcus SKHY-USD	+0.0040%	1h	186.59	−0.027%	$60K	$171K	10x	as long as short
Vest SKHY-USD-PERP	+0.0046%	1h	186.60	−0.021%	—	$32K	10x	as long as short
SoDEX SKHY-USD	+0.0050%	1h	186.61	−0.016%	$41K	$12K	10x	as long as short
Orderly PERP_SKHY_USDC_mythos	+0.0100%	8h	186.57	−0.038%	$2K	$4K	10x	as long as short
BloFin SKHY-USDT	+0.0120%	8h	186.61	−0.016%	$2.2M	$426K	50x	as long as short
Phoenix SKHY	+0.0129%	1h	186.78	+0.075%	$209K	$123K	10x	as long as short