Funding arb · Price arb /

SKHY

RWAall SKHY markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0050%/8h= −5.5% APRpaid last 24h −0.003%

Price spread now: SunX against tradeXYZ+0.098%52s7-day average +0.159% · you sell dearer than you buy

Net, funding: paid 7d − costs−$135as 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−$1401.400% of the position

Long on tradeXYZ Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.051%+$5 on $10k

Price spread, last 3 days (all we have)+0.053%+$5 · spread now +0.098%, 7d avg +0.159%

Together, before fees+0.104%+ Points / potential airdroptradeXYZ: Active · farm board+$10 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and SunX is 0.061% cheaper against tradeXYZ than usual: you would sell low and buy high (−$6 if the spread goes back to its 7-day average of +0.159%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.051%, so the current rate has only just turned against you. The two prices were read 52 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	tradeXYZ xyz:SKHY	193.26	0.0050	pay 0.0006% / 1h	0m 26s	$163.5M	$66.7M	10x
Short	SunX SKHY-USDT	193.45	0	get 0.0000% / 8h	7h 00m	$708	$6.7M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now +0.098%Rate

Funding earned: −$10.5
Price spread: +0.098% → +0.159%: −$6.1
Slippage, 4 orders: −$114.02
Fee tradeXYZ: 9 bp × 2 orders: −$18
Fee SunX: 4 bp × 2 orders: −$8
Net: −$156.61
Costs to cover: 1.400%
Break-even: never at this rate

Slippage from tradeXYZ: live order book, 9 min ago; SunX: 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, 9 min ago	0.26 bp	10.2 bp −$10	11.2 bp −$112	doesn't fit	doesn't fit
Sell SunX live order book, 8 min ago	29.44 bp	72.7 bp −$73	doesn't fit	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 SKHYUSDC	−0.0880%	4h	193.20	−0.032%	$582K	$291K	10x	as long as short
Nado SKHY-PERP	−0.0023%	1h	193.33	+0.035%	$44K	$20K	10x	as long as short
Aster SKHYUSDT	0.0000%	8h	193.20	−0.032%	$249K	$890K	50x	as long as short
Extended SKHY-USD	0.0000%	1h	193.25	−0.005%	$56K	$7K	10x	as long as short
Binance SKHYUSDT	0.0000%	8h	193.28	+0.010%	$211.5M	$385.1M	50x	as long as short
Bybit SKHYUSDT	0.0000%	8h	193.29	+0.016%	$15.7M	$27.1M	100x	as long as short
OKX SKHY-USDT-SWAP	0.0000%	8h	193.33	+0.036%	$47.0M	$68.6M	50x	as long as short
Gate SKHY_USDT	0.0000%	8h	193.24	−0.010%	$25.8M	$18.9M	75x	as long as short
Variational Omni SKHY	0.0000%	8h	193.13	−0.067%	$1.7M	$2.3M	—	as long as short
SunX SKHY-USDTshort	0.0000%	8h	193.45	+0.098%	$708	$6.7M	10x

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Deribit SKHY_USDC-PERPETUAL	0.0000%	1h	193.10	−0.083%	$48K	$270K	10x	as long as short
HTX SKHY-USDT	0.0000%	8h	193.10	−0.083%	$160K	$376K	50x	as long as short
Phemex SKHYUSDT	0.0000%	8h	193.14	−0.062%	$1.5M	$1.1M	10x	as long as short
QFEX SKHY-USD	+0.0005%	1h	193.27	+0.005%	$1.2M	$4.9M	10x	as long as short
Lighter SKHY	+0.0032%	1h	193.26	0.000%	$1.0M	$699K	10x	as long as short
Lighter RH SKHY	+0.0032%	1h	193.19	−0.036%	$1.1M	$1.5M	10x	as long as short
Arcus SKHY-USD	+0.0040%	1h	193.25	−0.005%	$57K	$153K	10x	as long as short
Vest SKHY-USD-PERP	+0.0046%	1h	193.29	+0.016%	—	$12K	10x	as long as short
Popdex SKHYUSDT	+0.0048%	1h	193.33	+0.036%	$197K	$258K	20x	as long as short
tradeXYZ xyz:SKHYlong	+0.0050%	1h	193.26	long leg	$163.5M	$66.7M	10x
Polymarket Perps SKHY-USD	+0.0050%	1h	193.22	−0.021%	$190K	$454K	10x	as long as short
SoDEX SKHY-USD	+0.0050%	1h	193.13	−0.067%	$43K	$13K	10x	as long as short
Ondo Perps SKHY-USD.P	+0.0050%	1h	193.39	+0.067%	$541K	$1.7M	10x	as long as short
Coinbase International SKHY-PERP-INTX	+0.0088%	1h	193.24	−0.010%	$54K	$870K	10x	as long as short
KuCoin SKHYUSDTM	+0.0100%	8h	193.29	+0.016%	$1.1M	$279K	20x	as long as short
Orderly PERP_SKHY_USDC_mythos	+0.0100%	8h	193.25	−0.005%	$2K	$4K	10x	as long as short
BloFin SKHY-USDT	+0.0120%	8h	193.19	−0.036%	$2.2M	$446K	50x	as long as short
Phoenix SKHY	+0.0335%	1h	193.41	+0.078%	$218K	$120K	10x	as long as short
GRVT SKHY_USDT_Perp	+0.0406%	8h	193.39	+0.067%	$23K	$192K	10x	as long as short
Bitget SKHYUSDT	+0.0427%	8h	193.24	−0.010%	$25.6M	$26.9M	20x	as long as short
Kraken Futures PF_SKHYUSD	+0.0708%	1h	193.15	−0.058%	$51K	$17K	20x	as long as short