Funding arb · Price arb /

SKHY

RWAall SKHY markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.014%

Price spread now: Aster against Variational Omni−0.113%7-day average −0.018% · you buy dearer than you sell

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

Long on Variational Omni Short on Aster

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.014%−$1 on $10k

Price spread, last 4 days (all we have)−0.148%−$15 · spread now −0.113%, 7d avg −0.018%

Together, before fees−0.162%+ Points / potential airdropVariational Omni: Active · Aster: Stage 5 · farm board−$16 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Aster is 0.095% cheaper against Variational Omni than usual: you would sell low and buy high, −$9 on $10k if it goes back to its 7-day average of −0.018%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni SKHY	189.71	0	get 0.0000% / 8h	49m 28s	$1.6M	$2.6M	—
Short	Aster SKHYUSDT	189.50	0	get 0.0000% / 8h	49m 28s	$251K	$903K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Variational Omni. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 AsterbpOrdersPrice spread, now −0.113%Rate

Funding earned: $0
Price spread: −0.113% → −0.018%: −$9.48
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Aster: 4 bp × 2 orders: −$8
Net: −$17.48
Costs to cover: 0.080%
Break-even: never at this rate

Slippage unknown: Variational Omni: RFQ quote, 5 min ago; Aster: live order book, 28 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	2.24 bp	doesn't fit	8.8 bp −$88	doesn't fit	doesn't fit
Sell Aster live order book, 28 min ago	0.79 bp	6.9 bp −$7	52.1 bp −$521	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	−0.0324%	4h	189.71	−0.003%	$572K	$290K	10x	as long as short
Nado SKHY-PERP	−0.0119%	1h	189.78	+0.034%	$28K	$2K	10x	as long as short
KuCoin SKHYUSDTM	−0.0023%	8h	189.58	−0.069%	$1.1M	$293K	20x	as long as short
QFEX SKHY-USD	0.0000%	1h	189.69	−0.011%	$1.2M	$5.2M	10x	as long as short
Aster SKHYUSDTshort	0.0000%	8h	189.50	−0.113%	$251K	$903K	50x
Extended SKHY-USD	0.0000%	1h	189.69	−0.011%	$55K	$4K	10x	as long as short
Binance SKHYUSDT	0.0000%	8h	189.69	−0.010%	$212.5M	$379.2M	50x	as long as short
Bybit SKHYUSDT	0.0000%	8h	189.73	+0.010%	$15.5M	$27.0M	100x	as long as short
OKX SKHY-USDT-SWAP	0.0000%	8h	189.78	+0.036%	$47.3M	$61.4M	50x	as long as short
Gate SKHY_USDT	0.0000%	8h	189.70	−0.006%	$26.1M	$17.7M	75x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget SKHYUSDT	0.0000%	8h	189.78	+0.036%	$25.5M	$25.5M	20x	as long as short
Variational Omni SKHYlong	0.0000%	8h	189.71	long leg	$1.6M	$2.6M	—
GRVT SKHY_USDT_Perp	0.0000%	8h	189.71	0.000%	$22K	$212K	10x	as long as short
SunX SKHY-USDT	0.0000%	8h	190.05	+0.179%	$696	$7.3M	10x	as long as short
Deribit SKHY_USDC-PERPETUAL	0.0000%	1h	189.71	−0.001%	$45K	$238K	10x	as long as short
HTX SKHY-USDT	0.0000%	8h	189.73	+0.010%	$155K	$400K	50x	as long as short
Phemex SKHYUSDT	0.0000%	8h	189.73	+0.010%	$1.5M	$1.1M	10x	as long as short
tradeXYZ xyz:SKHY	+0.0012%	1h	189.68	−0.016%	$165.1M	$65.0M	10x	as long as short
Lighter SKHY	+0.0032%	1h	189.70	−0.006%	$1.0M	$688K	10x	as long as short
Lighter RH SKHY	+0.0032%	1h	189.64	−0.038%	$1.1M	$1.4M	10x	as long as short
Arcus SKHY-USD	+0.0040%	1h	189.74	+0.015%	$56K	$156K	10x	as long as short
Vest SKHY-USD-PERP	+0.0046%	1h	189.71	−0.001%	—	$12K	10x	as long as short
Popdex SKHYUSDT	+0.0048%	1h	189.72	+0.005%	$203K	$240K	20x	as long as short
Polymarket Perps SKHY-USD	+0.0050%	1h	189.65	−0.032%	$187K	$923K	10x	as long as short
SoDEX SKHY-USD	+0.0050%	1h	189.67	−0.022%	$42K	$13K	10x	as long as short
Ondo Perps SKHY-USD.P	+0.0050%	1h	189.66	−0.027%	$559K	$1.1M	10x	as long as short
Orderly PERP_SKHY_USDC_mythos	+0.0100%	8h	189.70	−0.006%	$2K	$4K	10x	as long as short
BloFin SKHY-USDT	+0.0120%	8h	189.72	+0.005%	$2.2M	$417K	50x	as long as short
Coinbase International SKHY-PERP-INTX	+0.0128%	1h	188.78	−0.491%	$168K	$683K	10x	as long as short
Phoenix SKHY	+0.0380%	1h	189.90	+0.099%	$214K	$128K	10x	as long as short
Kraken Futures PF_SKHYUSD	+0.0950%	1h	189.84	+0.067%	$50K	$24K	20x	as long as short