Funding arb · Price arb /

SKHY

RWAall SKHY markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0686%/8h= +75.1% APRpaid last 24h +0.174%

Price spread now: Kraken Futures against Variational Omni+0.063%7-day average — · you sell dearer than you buy

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

Long on Variational Omni Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropVariational Omni: Active · farm boardneeds both histories

Both sides work for this trade now. Funding pays +$21 a day on $10k at the current rate, and Kraken Futures is 0.063% dearer against Variational Omni than usual: you sell high and buy low: +$6 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni SKHY	190.79	0	get 0.0000% / 8h	3h 45m	$1.6M	$1.1M	—
Short	Kraken Futures PF_SKHYUSD	190.91	0.0686	get 0.0086% / 1h	45m 39s	$48K	$19K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures 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 Kraken FuturesbpOrdersPrice spread, now +0.063%Rate

Funding earned: $144.11
Price spread: +0.063% → 0.000%: $6.29
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: $140.4
Costs to cover: 0.100%
Break-even: 0.2 days

Slippage unknown: Variational Omni: RFQ quote, 3 min ago; Kraken Futures: no order-book sample. 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, 3 min ago	2.23 bp	doesn't fit	5.2 bp −$52	doesn't fit	doesn't fit
Sell Kraken Futures no order-book sample	—	—	—	—	—

Kraken Futures: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	−0.0851%	4h	190.81	+0.011%	$575K	$291K	10x	as long as short
Coinbase International SKHY-PERP-INTX	−0.0104%	1h	192.84	+1.074%	$45K	$861K	10x	as long as short
Aster SKHYUSDT	0.0000%	8h	190.71	−0.044%	$248K	$891K	50x	as long as short
Extended SKHY-USD	0.0000%	1h	190.43	−0.187%	$56K	$7K	10x	as long as short
Binance SKHYUSDT	0.0000%	8h	190.50	−0.155%	$200.3M	$401.8M	50x	as long as short
Bybit SKHYUSDT	0.0000%	8h	190.42	−0.195%	$15.4M	$28.4M	100x	as long as short
OKX SKHY-USDT-SWAP	0.0000%	8h	190.35	−0.231%	$45.8M	$72.4M	50x	as long as short
Gate SKHY_USDT	0.0000%	8h	190.48	−0.163%	$25.6M	$19.3M	75x	as long as short
Bitget SKHYUSDT	0.0000%	8h	190.65	−0.074%	$24.4M	$28.1M	20x	as long as short
Variational Omni SKHYlong	0.0000%	8h	190.79	long leg	$1.6M	$1.1M	—

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT SKHY_USDT_Perp	0.0000%	8h	190.60	−0.100%	$22K	$209K	10x	as long as short
SunX SKHY-USDT	0.0000%	8h	191.12	+0.172%	$699	$6.2M	10x	as long as short
HTX SKHY-USDT	0.0000%	8h	190.73	−0.032%	$159K	$370K	50x	as long as short
Phemex SKHYUSDT	0.0000%	8h	190.82	+0.015%	$1.5M	$1.1M	10x	as long as short
tradeXYZ xyz:SKHY	+0.0005%	1h	190.37	−0.221%	$159.2M	$69.0M	10x	as long as short
QFEX SKHY-USD	+0.0011%	1h	190.69	−0.053%	$1.2M	$4.0M	10x	as long as short
Lighter SKHY	+0.0032%	1h	190.31	−0.252%	$1.0M	$691K	10x	as long as short
Lighter RH SKHY	+0.0032%	1h	190.35	−0.231%	$1.1M	$1.4M	10x	as long as short
Arcus SKHY-USD	+0.0040%	1h	190.78	−0.006%	$59K	$164K	10x	as long as short
Vest SKHY-USD-PERP	+0.0046%	1h	190.73	−0.032%	—	$12K	10x	as long as short
Popdex SKHYUSDT	+0.0048%	1h	190.77	−0.011%	$201K	$257K	20x	as long as short
Polymarket Perps SKHY-USD	+0.0050%	1h	190.66	−0.069%	$182K	$460K	10x	as long as short
SoDEX SKHY-USD	+0.0050%	1h	190.72	−0.038%	$42K	$13K	10x	as long as short
Ondo Perps SKHY-USD.P	+0.0050%	1h	190.51	−0.148%	$576K	$2.6M	10x	as long as short
KuCoin SKHYUSDTM	+0.0100%	8h	190.54	−0.132%	$1.1M	$321K	20x	as long as short
Orderly PERP_SKHY_USDC_mythos	+0.0100%	8h	190.81	+0.010%	$2K	$4K	10x	as long as short
Nado SKHY-PERP	+0.0114%	1h	190.72	−0.035%	$34K	$28K	10x	as long as short
BloFin SKHY-USDT	+0.0120%	8h	190.74	−0.027%	$2.2M	$435K	50x	as long as short
Deribit SKHY_USDC-PERPETUAL	+0.0169%	1h	190.82	+0.015%	$48K	$325K	10x	as long as short
Phoenix SKHY	+0.0375%	1h	191.05	+0.135%	$214K	$124K	10x	as long as short
Kraken Futures PF_SKHYUSDshort	+0.0686%	1h	190.91	+0.063%	$48K	$19K	20x