Funding arb · Price arb /

SKHY

RWAall SKHY markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0126%/8h= +13.8% APRpaid last 24h −0.004%

Price spread now: Binance against tradeXYZ−0.003%7-day average +0.045% · you buy dearer than you sell

Net, funding: paid 7d − costs−$28as in the Funding arb table

Net, price: spread back to 7d avg − costs−$35as in the Price arb table

costs, in and out, $10k−$300.304% of the position

Long on tradeXYZ Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days+0.019%+$2 on $10k

Price spread, last 7 days+0.048%+$5 · spread now −0.003%, 7d avg +0.045%

Together, before fees+0.067%+ Points / potential airdroptradeXYZ: Active · farm board+$7 on $10k · with fees, hour by hour

Funding pays, the price is against you. Binance is 0.048% cheaper against tradeXYZ than usual: you would sell low and buy high (spread −0.003% now, against its 7-day average of +0.045%). If the spread goes back, that is −$5 on $10k: about 31 hours of funding at the current rate (+$4 a day). At the pace of the last 7 days (+0.019% in total) that is about 18 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	tradeXYZ xyz:SKHY	186.21	−0.0126	get 0.0016% / 1h	6m 14s	$158.1M	$76.8M	10x
Short	Binance SKHYUSDT	186.20	0	get 0.0000% / 8h	6m 14s	$199.7M	$453.0M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance 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 BinancebpOrdersPrice spread, now −0.003%Rate

Funding earned: $26.38
Price spread: −0.003% → +0.045%: −$4.83
Slippage, 4 orders: −$2.36
Fee tradeXYZ: 9 bp × 2 orders: −$18
Fee Binance: 5 bp × 2 orders: −$10
Net: −$8.8
Costs to cover: 0.304%
Break-even: 9.3 days

Slippage from tradeXYZ: live order book, 4 min ago; Binance: live order book, 8 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, 4 min ago	0.27 bp	10.0 bp −$10	13.4 bp −$134	doesn't fit	doesn't fit
Sell Binance live order book, 8 min ago	0.27 bp	5.4 bp −$5	7.4 bp −$74	12.8 bp −$1,284	80.1 bp −$40.0K

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	−0.1248%	8h	186.46	+0.134%	$25.6M	$33.5M	20x	as long as short
Kraken Futures PF_SKHYUSD	−0.0266%	1h	186.33	+0.063%	$48K	$21K	20x	as long as short
tradeXYZ xyz:SKHYlong	−0.0126%	1h	186.21	long leg	$158.1M	$76.8M	10x
Nado SKHY-PERP	−0.0117%	1h	186.29	+0.045%	$33K	$28K	10x	as long as short
Coinbase International SKHY-PERP-INTX	−0.0072%	1h	187.58	+0.736%	$68K	$791K	10x	as long as short
QFEX SKHY-USD	−0.0061%	1h	186.23	+0.011%	$1.2M	$4.3M	10x	as long as short
KuCoin SKHYUSDTM	−0.0058%	8h	186.18	−0.016%	$1.1M	$350K	20x	as long as short
Polymarket Perps SKHY-USD	−0.0040%	1h	186.17	−0.021%	$180K	$486K	10x	as long as short
edgeX SKHYUSDC	−0.0018%	4h	186.11	−0.051%	$561K	$290K	10x	as long as short
Aster SKHYUSDT	0.0000%	8h	186.27	+0.032%	$225K	$899K	50x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended SKHY-USD	0.0000%	1h	186.17	−0.023%	$54K	$7K	10x	as long as short
Binance SKHYUSDTshort	0.0000%	8h	186.20	−0.003%	$199.7M	$453.0M	50x
Bybit SKHYUSDT	0.0000%	8h	186.23	+0.011%	$16.6M	$29.5M	100x	as long as short
OKX SKHY-USDT-SWAP	0.0000%	8h	186.22	+0.005%	$44.5M	$80.2M	50x	as long as short
Gate SKHY_USDT	0.0000%	8h	186.21	0.000%	$25.5M	$21.2M	75x	as long as short
Variational Omni SKHY	0.0000%	8h	186.12	−0.047%	$1.6M	$1.1M	—	as long as short
GRVT SKHY_USDT_Perp	0.0000%	8h	186.15	−0.032%	$22K	$238K	10x	as long as short
SunX SKHY-USDT	0.0000%	8h	186.47	+0.140%	$682	$6.0M	10x	as long as short
Deribit SKHY_USDC-PERPETUAL	0.0000%	1h	186.26	+0.027%	$49K	$348K	10x	as long as short
HTX SKHY-USDT	0.0000%	8h	186.19	−0.011%	$154K	$363K	50x	as long as short
Phemex SKHYUSDT	0.0000%	8h	186.24	+0.016%	$1.5M	$1.1M	10x	as long as short
Popdex SKHYUSDT	+0.0008%	1h	186.23	+0.011%	$204K	$287K	20x	as long as short
Lighter SKHY	+0.0016%	1h	186.15	−0.032%	$972K	$1.2M	10x	as long as short
Lighter RH SKHY	+0.0032%	1h	186.16	−0.027%	$1.1M	$1.5M	10x	as long as short
Arcus SKHY-USD	+0.0040%	1h	186.18	−0.016%	$60K	$171K	10x	as long as short
Vest SKHY-USD-PERP	+0.0046%	1h	186.16	−0.027%	—	$32K	10x	as long as short
SoDEX SKHY-USD	+0.0050%	1h	186.20	−0.005%	$41K	$12K	10x	as long as short
Ondo Perps SKHY-USD.P	+0.0050%	1h	186.05	−0.086%	$520K	$2.6M	10x	as long as short
Orderly PERP_SKHY_USDC_mythos	+0.0100%	8h	186.23	+0.011%	$2K	$4K	10x	as long as short
BloFin SKHY-USDT	+0.0120%	8h	186.17	−0.021%	$2.2M	$426K	50x	as long as short
Phoenix SKHY	+0.0129%	1h	186.40	+0.102%	$209K	$123K	10x	as long as short