Funding arb · Price arb /

SKHY

RWAall SKHY markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0119%/8h= +13.1% APRpaid last 24h −0.008%

Price spread now: OKX against tradeXYZ−0.032%7-day average +0.042% · you buy dearer than you sell

Net, funding: paid 7d − costs−$26as in the Funding arb table

Net, price: spread back to 7d avg − costs−$40as in the Price arb table

costs, in and out, $10k−$320.322% of the position

Long on tradeXYZ Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.065%+$6 on $10k

Price spread, last 7 days+0.080%+$8 · spread now −0.032%, 7d avg +0.042%

Together, before fees+0.145%+ Points / potential airdroptradeXYZ: Active · farm board+$15 on $10k · with fees, hour by hour

Funding pays, the price is against you. OKX is 0.074% cheaper against tradeXYZ than usual: you would sell low and buy high (spread −0.032% now, against its 7-day average of +0.042%). If the spread goes back, that is −$7 on $10k: about 2.1 days of funding at the current rate (+$4 a day). At the pace of the last 7 days (+0.065% in total) that is about 8.0 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	tradeXYZ xyz:SKHY	188.12	−0.0119	get 0.0015% / 1h	7m 11s	$159.6M	$74.2M	10x
Short	OKX SKHY-USDT-SWAP	188.06	0	get 0.0000% / 8h	2h 07m	$44.8M	$77.6M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now −0.032%Rate

Funding earned: $25.07
Price spread: −0.032% → +0.042%: −$7.39
Slippage, 4 orders: −$4.19
Fee tradeXYZ: 9 bp × 2 orders: −$18
Fee OKX: 5 bp × 2 orders: −$10
Net: −$14.51
Costs to cover: 0.322%
Break-even: 11.1 days

Slippage from tradeXYZ: live order book, 13 min ago; OKX: 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	0.27 bp	9.8 bp −$10	10.8 bp −$108	doesn't fit	doesn't fit
Sell OKX live order book, 2 min ago	0.27 bp	5.6 bp −$6	7.6 bp −$76	38.6 bp −$3,861	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	−0.1179%	8h	188.09	−0.016%	$25.2M	$31.4M	20x	as long as short
edgeX SKHYUSDC	−0.0375%	4h	187.52	−0.318%	$565K	$290K	10x	as long as short
Deribit SKHY_USDC-PERPETUAL	−0.0281%	1h	188.11	−0.005%	$48K	$336K	10x	as long as short
Nado SKHY-PERP	−0.0147%	1h	188.22	+0.055%	$33K	$28K	10x	as long as short
tradeXYZ xyz:SKHYlong	−0.0119%	1h	188.12	long leg	$159.6M	$74.2M	10x
Polymarket Perps SKHY-USD	−0.0095%	1h	187.98	−0.074%	$182K	$487K	10x	as long as short
Coinbase International SKHY-PERP-INTX	−0.0024%	1h	187.32	−0.425%	$61K	$897K	10x	as long as short
QFEX SKHY-USD	−0.0014%	1h	188.06	−0.032%	$1.2M	$4.1M	10x	as long as short
Lighter SKHY	−0.0008%	1h	188.05	−0.037%	$932K	$1.1M	10x	as long as short
Ondo Perps SKHY-USD.P	−0.0006%	1h	187.65	−0.250%	$516K	$2.6M	10x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster SKHYUSDT	0.0000%	8h	188.08	−0.021%	$229K	$916K	50x	as long as short
Extended SKHY-USD	0.0000%	1h	188.05	−0.037%	$55K	$7K	10x	as long as short
Binance SKHYUSDT	0.0000%	8h	188.07	−0.025%	$201.7M	$434.4M	50x	as long as short
Bybit SKHYUSDT	0.0000%	8h	188.06	−0.032%	$15.9M	$30.4M	100x	as long as short
OKX SKHY-USDT-SWAPshort	0.0000%	8h	188.06	−0.032%	$44.8M	$77.6M	50x
Gate SKHY_USDT	0.0000%	8h	188.06	−0.032%	$25.4M	$20.8M	75x	as long as short
Variational Omni SKHY	0.0000%	8h	187.51	−0.323%	$1.6M	$1.0M	—	as long as short
GRVT SKHY_USDT_Perp	0.0000%	8h	187.67	−0.242%	$22K	$223K	10x	as long as short
SunX SKHY-USDT	0.0000%	8h	188.33	+0.112%	$689	$6.2M	10x	as long as short
HTX SKHY-USDT	0.0000%	8h	188.02	−0.053%	$156K	$371K	50x	as long as short
Phemex SKHYUSDT	0.0000%	8h	187.94	−0.096%	$1.5M	$1.1M	10x	as long as short
Popdex SKHYUSDT	+0.0024%	1h	188.12	0.000%	$197K	$273K	20x	as long as short
Lighter RH SKHY	+0.0032%	1h	187.99	−0.069%	$1.1M	$1.6M	10x	as long as short
Arcus SKHY-USD	+0.0040%	1h	187.64	−0.255%	$58K	$164K	10x	as long as short
Vest SKHY-USD-PERP	+0.0046%	1h	188.14	+0.011%	—	$22K	10x	as long as short
SoDEX SKHY-USD	+0.0050%	1h	187.96	−0.085%	$41K	$13K	10x	as long as short
KuCoin SKHYUSDTM	+0.0100%	8h	188.08	−0.021%	$1.1M	$323K	20x	as long as short
Orderly PERP_SKHY_USDC_mythos	+0.0100%	8h	188.07	−0.027%	$2K	$4K	10x	as long as short
BloFin SKHY-USDT	+0.0120%	8h	188.01	−0.058%	$2.1M	$418K	50x	as long as short
Phoenix SKHY	+0.0254%	1h	188.02	−0.053%	$211K	$124K	10x	as long as short
Kraken Futures PF_SKHYUSD	+0.0260%	1h	188.12	+0.002%	$48K	$19K	20x	as long as short