Funding arb · Price arb /

SKHY

RWAall SKHY markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Gate against Variational Omni+0.049%7-day average −0.029% · you sell dearer than you buy

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

Long on Variational Omni Short on Gate

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.025%−$3 on $10k

Price spread, last 7 days−0.086%−$9 · spread now +0.049%, 7d avg −0.029%

Together, before fees−0.111%+ Points / potential airdropVariational Omni: Active · farm board−$11 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: Gate is 0.078% dearer against Variational Omni than usual: you sell high and buy low, +$8 on $10k if it goes back to its 7-day average of −0.029%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni SKHY	192.79	0	get 0.0000% / 8h	7h 37m	$1.6M	$2.3M	—
Short	Gate SKHY_USDT	192.88	0	get 0.0000% / 8h	7h 37m	$26.2M	$17.6M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now +0.049%Rate

Funding earned: $0
Price spread: +0.049% → −0.029%: $7.84
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$7.16
Costs to cover: 0.150%
Break-even: never at this rate

Slippage unknown: Variational Omni: RFQ quote, 1 min ago; Gate: live order book, 1 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, 1 min ago	2.23 bp	doesn't fit	5.2 bp −$52	doesn't fit	doesn't fit
Sell Gate live order book, 1 min ago	1.56 bp	13.2 bp −$13	30.3 bp −$303	70.6 bp −$7,055	118.7 bp −$59.3K

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	−0.0309%	4h	192.85	+0.034%	$581K	$289K	10x	as long as short
Nado SKHY-PERP	−0.0025%	1h	192.82	+0.016%	$29K	$2K	10x	as long as short
Aster SKHYUSDT	0.0000%	8h	192.57	−0.111%	$248K	$921K	50x	as long as short
Extended SKHY-USD	0.0000%	1h	192.84	+0.029%	$56K	$6K	10x	as long as short
Binance SKHYUSDT	0.0000%	8h	192.85	+0.033%	$212.9M	$381.0M	50x	as long as short
Bybit SKHYUSDT	0.0000%	8h	192.93	+0.075%	$15.7M	$27.1M	100x	as long as short
OKX SKHY-USDT-SWAP	0.0000%	8h	192.96	+0.091%	$47.1M	$66.9M	50x	as long as short
Gate SKHY_USDTshort	0.0000%	8h	192.88	+0.049%	$26.2M	$17.6M	75x
Variational Omni SKHYlong	0.0000%	8h	192.79	long leg	$1.6M	$2.3M	—
SunX SKHY-USDT	0.0000%	8h	193.00	+0.111%	$706	$6.9M	10x	as long as short

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	192.63	−0.080%	$47K	$264K	10x	as long as short
HTX SKHY-USDT	0.0000%	8h	192.56	−0.117%	$160K	$386K	50x	as long as short
Phemex SKHYUSDT	0.0000%	8h	192.67	−0.060%	$1.5M	$1.1M	10x	as long as short
QFEX SKHY-USD	+0.0005%	1h	192.72	−0.034%	$1.2M	$5.1M	10x	as long as short
Lighter SKHY	+0.0032%	1h	192.81	+0.013%	$1.0M	$634K	10x	as long as short
Lighter RH SKHY	+0.0032%	1h	192.80	+0.008%	$1.1M	$1.5M	10x	as long as short
Arcus SKHY-USD	+0.0040%	1h	192.84	+0.028%	$57K	$154K	10x	as long as short
Vest SKHY-USD-PERP	+0.0046%	1h	192.78	−0.003%	—	$12K	10x	as long as short
Popdex SKHYUSDT	+0.0048%	1h	192.73	−0.029%	$197K	$256K	20x	as long as short
Ondo Perps SKHY-USD.P	+0.0050%	1h	192.74	−0.023%	$576K	$1.7M	10x	as long as short
Bitget SKHYUSDT	+0.0061%	8h	192.89	+0.054%	$25.7M	$26.4M	20x	as long as short
KuCoin SKHYUSDTM	+0.0074%	8h	192.75	−0.018%	$1.1M	$274K	20x	as long as short
Coinbase International SKHY-PERP-INTX	+0.0088%	1h	192.98	+0.101%	$125K	$768K	10x	as long as short
Orderly PERP_SKHY_USDC_mythos	+0.0100%	8h	192.66	−0.065%	$2K	$4K	10x	as long as short
BloFin SKHY-USDT	+0.0120%	8h	192.98	+0.101%	$2.3M	$427K	50x	as long as short
Polymarket Perps SKHY-USD	+0.0139%	1h	192.65	−0.070%	$184K	$444K	10x	as long as short
tradeXYZ xyz:SKHY	+0.0233%	1h	192.81	+0.013%	$166.1M	$63.3M	10x	as long as short
Phoenix SKHY	+0.0335%	1h	192.93	+0.075%	$218K	$120K	10x	as long as short
SoDEX SKHY-USD	+0.0359%	1h	192.68	−0.055%	$43K	$13K	10x	as long as short
GRVT SKHY_USDT_Perp	+0.0546%	8h	192.68	−0.054%	$23K	$201K	10x	as long as short
Kraken Futures PF_SKHYUSD	+0.0710%	1h	192.83	+0.024%	$51K	$25K	20x	as long as short