Funding arb · Price arb /

SKHY

RWAall SKHY markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC−0.1041%/8h= −114.0% APRpaid last 24h −0.128%

Price spread now: Bitget against tradeXYZ+0.059%7-day average +0.047% · you sell dearer than you buy

Net, funding: paid 7d − costs−$41as in the Funding arb table

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

costs, in and out, $10k−$360.364% of the position

Long on tradeXYZ Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days−0.047%−$5 on $10k

Price spread, last 7 days−0.008%−$1 · spread now +0.059%, 7d avg +0.047%

Together, before fees−0.055%+ Points / potential airdroptradeXYZ: Active · farm board−$6 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.047%, so right now this pair is about funding alone: −$31 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 -0.047% in total (about -2.4% 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	186.55	0.0050	pay 0.0006% / 1h	57m 19s	$158.0M	$78.4M	10x
Short	Bitget SKHYUSDT	186.66	−0.0991	pay 0.0991% / 8h	6h 57m	$25.7M	$35.4M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now +0.059%Rate

Funding earned: −$218.61
Price spread: +0.059% → +0.047%: $1.22
Slippage, 4 orders: −$6.41
Fee tradeXYZ: 9 bp × 2 orders: −$18
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$253.8
Costs to cover: 0.364%
Break-even: never at this rate

Slippage from tradeXYZ: live order book, 13 min ago; Bitget: live order book, 2 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, 13 min ago	0.54 bp	9.5 bp −$10	10.5 bp −$105	doesn't fit	doesn't fit
Sell Bitget live order book, 2 min ago	0.27 bp	7.5 bp −$8	14.2 bp −$142	44.5 bp −$4,450	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 SKHYUSDTshort	−0.0991%	8h	186.66	+0.059%	$25.7M	$35.4M	20x
edgeX SKHYUSDC	−0.0405%	4h	186.37	−0.097%	$562K	$289K	10x	as long as short
KuCoin SKHYUSDTM	−0.0184%	8h	186.49	−0.032%	$1.1M	$400K	20x	as long as short
QFEX SKHY-USD	−0.0005%	1h	186.51	−0.021%	$1.2M	$4.3M	10x	as long as short
Aster SKHYUSDT	0.0000%	8h	186.54	−0.008%	$266K	$949K	50x	as long as short
Extended SKHY-USD	0.0000%	1h	186.48	−0.039%	$54K	$7K	10x	as long as short
Binance SKHYUSDT	0.0000%	8h	186.54	−0.008%	$197.5M	$468.1M	50x	as long as short
Bybit SKHYUSDT	0.0000%	8h	186.60	+0.027%	$16.0M	$33.4M	100x	as long as short
OKX SKHY-USDT-SWAP	0.0000%	8h	186.62	+0.038%	$44.3M	$83.2M	50x	as long as short
Gate SKHY_USDT	0.0000%	8h	186.56	+0.005%	$25.6M	$21.3M	75x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni SKHY	0.0000%	8h	186.05	−0.268%	$1.5M	$1.1M	—	as long as short
GRVT SKHY_USDT_Perp	0.0000%	8h	186.06	−0.263%	$22K	$247K	10x	as long as short
SunX SKHY-USDT	0.0000%	8h	186.89	+0.182%	$684	$5.7M	10x	as long as short
Deribit SKHY_USDC-PERPETUAL	0.0000%	1h	186.54	−0.005%	$47K	$355K	10x	as long as short
HTX SKHY-USDT	0.0000%	8h	186.42	−0.070%	$154K	$377K	50x	as long as short
Phemex SKHYUSDT	0.0000%	8h	186.49	−0.032%	$1.5M	$1.1M	10x	as long as short
Nado SKHY-PERP	+0.0011%	1h	186.62	+0.038%	$32K	$28K	10x	as long as short
Lighter SKHY	+0.0032%	1h	186.50	−0.027%	$992K	$1.3M	10x	as long as short
Lighter RH SKHY	+0.0032%	1h	186.51	−0.021%	$1.1M	$1.5M	10x	as long as short
Arcus SKHY-USD	+0.0040%	1h	186.49	−0.032%	$60K	$173K	10x	as long as short
Vest SKHY-USD-PERP	+0.0046%	1h	186.53	−0.011%	—	$39K	10x	as long as short
Popdex SKHYUSDT	+0.0048%	1h	186.55	0.000%	$199K	$299K	20x	as long as short
tradeXYZ xyz:SKHYlong	+0.0050%	1h	186.55	long leg	$158.0M	$78.4M	10x
Polymarket Perps SKHY-USD	+0.0050%	1h	186.54	−0.005%	$180K	$451K	10x	as long as short
Ondo Perps SKHY-USD.P	+0.0050%	1h	186.48	−0.038%	$514K	$2.6M	10x	as long as short
Coinbase International SKHY-PERP-INTX	+0.0056%	1h	186.08	−0.252%	$110K	$887K	10x	as long as short
Orderly PERP_SKHY_USDC_mythos	+0.0100%	8h	186.58	+0.016%	$2K	$4K	10x	as long as short
BloFin SKHY-USDT	+0.0120%	8h	186.46	−0.048%	$2.1M	$459K	50x	as long as short
Phoenix SKHY	+0.0215%	1h	186.25	−0.161%	$209K	$123K	10x	as long as short
SoDEX SKHY-USD	+0.0436%	1h	186.46	−0.048%	$41K	$12K	10x	as long as short
Kraken Futures PF_SKHYUSD	+0.0755%	1h	186.66	+0.061%	$48K	$20K	20x	as long as short