Funding arb · Price arb /

SKHY

RWAall SKHY markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.1183%/8h= +129.5% APRpaid last 24h +0.015%

Price spread now: SoDEX against Variational Omni−0.070%7-day average — · you buy dearer than you sell

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

Long on Variational Omni Short on SoDEX

What this pair did over the last

the charts below follow

Funding, last 3 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

Funding pays, the price is against you. SoDEX is 0.070% cheaper against Variational Omni than usual: you would sell low and buy high (spread −0.070% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$7 on $10k: about 5 hours of funding at the current rate (+$35 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni SKHY	192.48	0	get 0.0000% / 8h	7h 50m	$1.6M	$2.4M	—
Short	SoDEX SKHY-USD	192.34	0.1183	get 0.0148% / 1h	50m 56s	$43K	$13K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SoDEX 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 SoDEXbpOrdersPrice spread, now −0.070%Rate

Funding earned: $248.38
Price spread: −0.070% → 0.000%: −$7.02
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee SoDEX: 4 bp × 2 orders: −$8
Net: $233.36
Costs to cover: 0.080%
Break-even: 0.4 days

Slippage unknown: Variational Omni: RFQ quote, 3 min ago; SoDEX: 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	2.24 bp	doesn't fit	7.6 bp −$76	doesn't fit	doesn't fit
Sell SoDEX no order-book sample	—	—	—	—	—

SoDEX: 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	−0.0915%	4h	192.39	−0.042%	$580K	$289K	10x	as long as short
Nado SKHY-PERP	−0.0118%	1h	192.44	−0.018%	$29K	$2K	10x	as long as short
Aster SKHYUSDT	0.0000%	8h	192.05	−0.219%	$255K	$905K	50x	as long as short
Extended SKHY-USD	0.0000%	1h	192.19	−0.146%	$56K	$6K	10x	as long as short
Binance SKHYUSDT	0.0000%	8h	192.03	−0.232%	$212.8M	$383.8M	50x	as long as short
Bybit SKHYUSDT	0.0000%	8h	192.08	−0.205%	$15.7M	$27.4M	100x	as long as short
OKX SKHY-USDT-SWAP	0.0000%	8h	192.15	−0.169%	$47.7M	$63.5M	50x	as long as short
Gate SKHY_USDT	0.0000%	8h	192.14	−0.174%	$26.3M	$17.3M	75x	as long as short
Bitget SKHYUSDT	0.0000%	8h	192.12	−0.185%	$25.4M	$26.3M	20x	as long as short
Variational Omni SKHYlong	0.0000%	8h	192.48	long leg	$1.6M	$2.4M	—

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX SKHY-USDT	0.0000%	8h	192.72	+0.127%	$705	$7.1M	10x	as long as short
Deribit SKHY_USDC-PERPETUAL	0.0000%	1h	192.33	−0.075%	$46K	$259K	10x	as long as short
HTX SKHY-USDT	0.0000%	8h	192.46	−0.008%	$159K	$393K	50x	as long as short
Phemex SKHYUSDT	0.0000%	8h	192.32	−0.081%	$1.5M	$1.1M	10x	as long as short
QFEX SKHY-USD	+0.0005%	1h	192.24	−0.122%	$1.2M	$5.3M	10x	as long as short
KuCoin SKHYUSDTM	+0.0031%	8h	192.05	−0.221%	$1.1M	$272K	20x	as long as short
Lighter SKHY	+0.0032%	1h	192.27	−0.107%	$1.0M	$618K	10x	as long as short
Lighter RH SKHY	+0.0032%	1h	192.19	−0.148%	$1.1M	$1.5M	10x	as long as short
Arcus SKHY-USD	+0.0040%	1h	192.19	−0.148%	$57K	$154K	10x	as long as short
Vest SKHY-USD-PERP	+0.0046%	1h	192.40	−0.039%	—	$13K	10x	as long as short
Popdex SKHYUSDT	+0.0048%	1h	192.41	−0.034%	$196K	$257K	20x	as long as short
Ondo Perps SKHY-USD.P	+0.0050%	1h	192.44	−0.018%	$536K	$1.4M	10x	as long as short
GRVT SKHY_USDT_Perp	+0.0053%	8h	192.35	−0.065%	$22K	$202K	10x	as long as short
Coinbase International SKHY-PERP-INTX	+0.0088%	1h	190.51	−1.021%	$171K	$682K	10x	as long as short
Orderly PERP_SKHY_USDC_mythos	+0.0100%	8h	192.32	−0.081%	$2K	$4K	10x	as long as short
BloFin SKHY-USDT	+0.0120%	8h	192.33	−0.075%	$2.2M	$427K	50x	as long as short
Phoenix SKHY	+0.0335%	1h	192.45	−0.013%	$217K	$120K	10x	as long as short
Kraken Futures PF_SKHYUSD	+0.0711%	1h	192.45	−0.015%	$51K	$25K	20x	as long as short
Polymarket Perps SKHY-USD	+0.0788%	1h	192.34	−0.070%	$192K	$389K	10x	as long as short
tradeXYZ xyz:SKHY	+0.0874%	1h	192.23	−0.127%	$166.3M	$64.3M	10x	as long as short
SoDEX SKHY-USDshort	+0.1183%	1h	192.34	−0.070%	$43K	$13K	10x