Funding arb · Price arb /

SKHY

RWAall SKHY markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0944%/8h= −103.3% APRpaid last 24h −0.113%

Price spread now: edgeX against tradeXYZ+0.015%66s7-day average +0.022% · you sell dearer than you buy

Net, funding: paid 7d − costs+$32as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$310.314% of the position

Long on tradeXYZ Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.637%+$64 on $10k

Price spread, last 4 days (all we have)+0.376%+$38 · spread now +0.015%, 7d avg +0.022%

Together, before fees+1.013%+ Points / potential airdroptradeXYZ: Active · edgeX: Active · farm board+$101 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.022%, so right now this pair is about funding alone: −$28 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair paid +0.637%, so the current rate has only just turned against you. The two prices were read 66 seconds apart, so part of this spread may be the market moving, not a spread.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.637% in total (about 33.2% 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	192.59	0.0050	pay 0.0006% / 1h	24m 16s	$161.1M	$67.2M	10x
Short	edgeX SKHYUSDC	192.62	−0.0894	pay 0.0447% / 4h	1h 24m	$581K	$289K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX 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 edgeXbpOrdersPrice spread, now +0.015%Rate

Funding earned: −$198.19
Price spread: +0.015% → +0.022%: −$0.77
Slippage, 4 orders: −$4.45
Fee tradeXYZ: 9 bp × 2 orders: −$18
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$230.41
Costs to cover: 0.314%
Break-even: never at this rate

Slippage from tradeXYZ: live order book, 4 min ago; edgeX: live order book, 39 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	0.78 bp	10.0 bp −$10	11.1 bp −$111	doesn't fit	doesn't fit
Sell edgeX live order book, 39 min ago	1.04 bp	5.9 bp −$6	11.2 bp −$112	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
edgeX SKHYUSDCshort	−0.0894%	4h	192.62	+0.015%	$581K	$289K	10x
Coinbase International SKHY-PERP-INTX	−0.0032%	1h	192.90	+0.161%	$45K	$874K	10x	as long as short
Aster SKHYUSDT	0.0000%	8h	192.69	+0.054%	$248K	$890K	50x	as long as short
Extended SKHY-USD	0.0000%	1h	192.66	+0.036%	$56K	$7K	10x	as long as short
Binance SKHYUSDT	0.0000%	8h	192.76	+0.091%	$206.2M	$389.9M	50x	as long as short
Bybit SKHYUSDT	0.0000%	8h	192.78	+0.099%	$15.7M	$27.3M	100x	as long as short
OKX SKHY-USDT-SWAP	0.0000%	8h	192.76	+0.088%	$46.7M	$69.4M	50x	as long as short
Gate SKHY_USDT	0.0000%	8h	192.68	+0.047%	$25.8M	$19.0M	75x	as long as short
Variational Omni SKHY	0.0000%	8h	192.70	+0.055%	$1.6M	$1.2M	—	as long as short
GRVT SKHY_USDT_Perp	0.0000%	8h	192.68	+0.047%	$23K	$195K	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-USDT	0.0000%	8h	193.07	+0.249%	$707	$6.4M	10x	as long as short
HTX SKHY-USDT	0.0000%	8h	192.70	+0.057%	$160K	$368K	50x	as long as short
Phemex SKHYUSDT	0.0000%	8h	192.75	+0.083%	$1.5M	$1.1M	10x	as long as short
QFEX SKHY-USD	+0.0004%	1h	192.63	+0.021%	$1.2M	$4.3M	10x	as long as short
Lighter SKHY	+0.0032%	1h	192.68	+0.047%	$1.0M	$688K	10x	as long as short
Lighter RH SKHY	+0.0032%	1h	192.69	+0.052%	$1.1M	$1.5M	10x	as long as short
Arcus SKHY-USD	+0.0040%	1h	192.67	+0.042%	$57K	$154K	10x	as long as short
Vest SKHY-USD-PERP	+0.0046%	1h	192.62	+0.016%	—	$11K	10x	as long as short
Popdex SKHYUSDT	+0.0048%	1h	192.73	+0.073%	$199K	$256K	20x	as long as short
tradeXYZ xyz:SKHYlong	+0.0050%	1h	192.59	long leg	$161.1M	$67.2M	10x
Polymarket Perps SKHY-USD	+0.0050%	1h	192.58	−0.005%	$188K	$456K	10x	as long as short
SoDEX SKHY-USD	+0.0050%	1h	192.69	+0.052%	$43K	$13K	10x	as long as short
Ondo Perps SKHY-USD.P	+0.0050%	1h	192.59	0.000%	$584K	$2.2M	10x	as long as short
KuCoin SKHYUSDTM	+0.0100%	8h	192.70	+0.057%	$1.1M	$291K	20x	as long as short
Orderly PERP_SKHY_USDC_mythos	+0.0100%	8h	192.70	+0.057%	$2K	$4K	10x	as long as short
BloFin SKHY-USDT	+0.0120%	8h	192.59	0.000%	$2.2M	$445K	50x	as long as short
Bitget SKHYUSDT	+0.0133%	8h	192.79	+0.104%	$25.4M	$26.7M	20x	as long as short
Nado SKHY-PERP	+0.0168%	1h	192.57	−0.011%	$38K	$26K	10x	as long as short
Deribit SKHY_USDC-PERPETUAL	+0.0217%	1h	192.78	+0.099%	$49K	$295K	10x	as long as short
Phoenix SKHY	+0.0332%	1h	192.88	+0.151%	$216K	$124K	10x	as long as short
Kraken Futures PF_SKHYUSD	+0.0546%	1h	192.82	+0.119%	$51K	$17K	20x	as long as short