Funding arb · Price arb /

SKHY

RWAall SKHY markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC+0.0040%/8h= +4.4% APRpaid last 24h +0.012%

Price spread now: Arcus against Variational Omni+0.172%7-day average −0.043% · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Variational Omni Short on Arcus

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.041%+$4 on $10k

Price spread, last 4 days (all we have)+0.326%+$33 · spread now +0.172%, 7d avg −0.043%

Together, before fees+0.366%+ Points / potential airdropVariational Omni: Active · farm board+$37 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Arcus is 0.215% dearer against Variational Omni than usual: you sell high and buy low: +$21 more if the spread goes back to its 7-day average of −0.043%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni SKHY	186.05	0	get 0.0000% / 8h	6h 58m	$1.5M	$1.1M	—
Short	Arcus SKHY-USD	186.37	0.0040	get 0.0005% / 1h	58m 59s	$60K	$173K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Arcus against Variational Omni. 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 Variational OmnibpFee ArcusbpOrdersPrice spread, now +0.172%Rate

Funding earned: $8.46
Price spread: +0.172% → −0.043%: $21.46
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Net: $25.42
Costs to cover: 0.045%
Break-even: from the start

Slippage unknown: Variational Omni: RFQ quote, 5 min ago; Arcus: live order book, 34 min ago. Net counts fees only.

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 Variational Omni RFQ quote, 5 min ago	2.26 bp	doesn't fit	8.7 bp −$87	doesn't fit	doesn't fit
Sell Arcus live order book, 34 min ago	2.44 bp	7.7 bp −$8	12.2 bp −$122	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
Bitget SKHYUSDT	−0.1007%	8h	186.53	+0.258%	$25.6M	$35.4M	20x	as long as short
edgeX SKHYUSDC	−0.0465%	4h	186.10	+0.027%	$561K	$291K	10x	as long as short
KuCoin SKHYUSDTM	−0.0188%	8h	186.36	+0.166%	$1.1M	$399K	20x	as long as short
QFEX SKHY-USD	−0.0028%	1h	186.36	+0.166%	$1.2M	$4.3M	10x	as long as short
Aster SKHYUSDT	0.0000%	8h	186.32	+0.147%	$266K	$949K	50x	as long as short
Extended SKHY-USD	0.0000%	1h	186.40	+0.186%	$54K	$7K	10x	as long as short
Binance SKHYUSDT	0.0000%	8h	186.44	+0.207%	$197.4M	$467.8M	50x	as long as short
Bybit SKHYUSDT	0.0000%	8h	186.43	+0.204%	$16.0M	$33.4M	100x	as long as short
OKX SKHY-USDT-SWAP	0.0000%	8h	186.53	+0.258%	$44.3M	$83.2M	50x	as long as short
Gate SKHY_USDT	0.0000%	8h	186.42	+0.199%	$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 SKHYlong	0.0000%	8h	186.05	long leg	$1.5M	$1.1M	—
GRVT SKHY_USDT_Perp	0.0000%	8h	186.06	+0.005%	$22K	$247K	10x	as long as short
SunX SKHY-USDT	0.0000%	8h	186.71	+0.354%	$683	$5.8M	10x	as long as short
Deribit SKHY_USDC-PERPETUAL	0.0000%	1h	186.45	+0.215%	$47K	$355K	10x	as long as short
HTX SKHY-USDT	0.0000%	8h	186.38	+0.177%	$155K	$377K	50x	as long as short
Phemex SKHYUSDT	0.0000%	8h	186.44	+0.209%	$1.5M	$1.1M	10x	as long as short
Nado SKHY-PERP	+0.0030%	1h	186.27	+0.117%	$32K	$28K	10x	as long as short
Lighter SKHY	+0.0032%	1h	186.40	+0.188%	$992K	$1.3M	10x	as long as short
Lighter RH SKHY	+0.0032%	1h	186.36	+0.166%	$1.1M	$1.5M	10x	as long as short
Arcus SKHY-USDshort	+0.0040%	1h	186.37	+0.172%	$60K	$173K	10x
Vest SKHY-USD-PERP	+0.0046%	1h	186.30	+0.134%	—	$39K	10x	as long as short
Popdex SKHYUSDT	+0.0048%	1h	186.48	+0.231%	$200K	$299K	20x	as long as short
tradeXYZ xyz:SKHY	+0.0050%	1h	186.40	+0.188%	$157.8M	$78.3M	10x	as long as short
Polymarket Perps SKHY-USD	+0.0050%	1h	186.40	+0.188%	$180K	$451K	10x	as long as short
Ondo Perps SKHY-USD.P	+0.0050%	1h	185.78	−0.145%	$514K	$2.6M	10x	as long as short
Coinbase International SKHY-PERP-INTX	+0.0056%	1h	186.08	+0.016%	$110K	$887K	10x	as long as short
Orderly PERP_SKHY_USDC_mythos	+0.0100%	8h	186.43	+0.204%	$2K	$4K	10x	as long as short
BloFin SKHY-USDT	+0.0120%	8h	186.46	+0.220%	$2.1M	$459K	50x	as long as short
Phoenix SKHY	+0.0215%	1h	186.25	+0.107%	$209K	$123K	10x	as long as short
SoDEX SKHY-USD	+0.0332%	1h	186.30	+0.134%	$41K	$12K	10x	as long as short
Kraken Futures PF_SKHYUSD	+0.0755%	1h	186.48	+0.232%	$48K	$20K	20x	as long as short