Funding arb · Price arb /

SKHY

RWAall SKHY markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0046%/8h= −5.0% APRpaid last 24h −0.014%

Price spread now: Variational Omni against Vest+0.399%7-day average — · you sell dearer than you buy

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

Long on Vest Short on Variational Omni

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 airdropVest: Active · Variational Omni: Active · farm boardneeds both histories

The price spread pays, funding is against you. Variational Omni is 0.399% dearer against Vest than usual: you sell high and buy low (spread +0.399% now, against zero (this spread has no 7-day history yet)): +$40 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 29 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Vest SKHY-USD-PERP	190.67	0.0046	pay 0.0006% / 1h	47m 43s	—	$12K	10x
Short	Variational Omni SKHY	191.43	0	get 0.0000% / 8h	3h 47m	$1.6M	$1.1M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against Vest. 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 VestbpFee Variational OmnibpOrdersPrice spread, now +0.399%Rate

Funding earned: −$9.59
Price spread: +0.399% → 0.000%: $39.94
Slippage, 4 orders: no order book: not counted
Fee Vest: 1 bp × 2 orders: −$2
Fee Variational Omni: 0 bp × 2 orders: $0
Net: $28.35
Costs to cover: 0.020%
Break-even: from the start

Slippage unknown: Vest: no order-book sample; Variational Omni: RFQ quote, 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 Vest no order-book sample	—	—	—	—	—
Sell Variational Omni RFQ quote, 1 min ago	2.23 bp	doesn't fit	3.3 bp −$33	doesn't fit	doesn't fit

Vest: 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	−0.0312%	4h	191.61	+0.495%	$578K	$290K	10x	as long as short
Coinbase International SKHY-PERP-INTX	−0.0104%	1h	192.84	+1.138%	$45K	$861K	10x	as long as short
tradeXYZ xyz:SKHY	−0.0006%	1h	190.84	+0.089%	$159.6M	$68.9M	10x	as long as short
Aster SKHYUSDT	0.0000%	8h	190.91	+0.128%	$248K	$891K	50x	as long as short
Extended SKHY-USD	0.0000%	1h	190.84	+0.091%	$56K	$7K	10x	as long as short
Binance SKHYUSDT	0.0000%	8h	190.89	+0.117%	$200.7M	$401.2M	50x	as long as short
Bybit SKHYUSDT	0.0000%	8h	190.90	+0.121%	$15.5M	$28.4M	100x	as long as short
OKX SKHY-USDT-SWAP	0.0000%	8h	190.82	+0.079%	$45.9M	$72.4M	50x	as long as short
Gate SKHY_USDT	0.0000%	8h	190.79	+0.063%	$25.7M	$19.3M	75x	as long as short
Bitget SKHYUSDT	0.0000%	8h	190.86	+0.100%	$24.4M	$28.1M	20x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni SKHYshort	0.0000%	8h	191.43	+0.399%	$1.6M	$1.1M	—
GRVT SKHY_USDT_Perp	0.0000%	8h	191.64	+0.509%	$22K	$209K	10x	as long as short
SunX SKHY-USDT	0.0000%	8h	191.13	+0.241%	$700	$6.2M	10x	as long as short
HTX SKHY-USDT	0.0000%	8h	190.68	+0.005%	$159K	$370K	50x	as long as short
Phemex SKHYUSDT	0.0000%	8h	191.00	+0.173%	$1.5M	$1.1M	10x	as long as short
QFEX SKHY-USD	+0.0011%	1h	190.83	+0.084%	$1.2M	$4.0M	10x	as long as short
Lighter SKHY	+0.0032%	1h	190.80	+0.068%	$1.0M	$691K	10x	as long as short
Lighter RH SKHY	+0.0032%	1h	190.80	+0.068%	$1.1M	$1.4M	10x	as long as short
Arcus SKHY-USD	+0.0040%	1h	190.99	+0.168%	$59K	$164K	10x	as long as short
Vest SKHY-USD-PERPlong	+0.0046%	1h	190.67	long leg	—	$12K	10x
Popdex SKHYUSDT	+0.0048%	1h	190.86	+0.100%	$201K	$257K	20x	as long as short
Polymarket Perps SKHY-USD	+0.0050%	1h	190.76	+0.047%	$182K	$460K	10x	as long as short
SoDEX SKHY-USD	+0.0050%	1h	190.72	+0.026%	$42K	$13K	10x	as long as short
Ondo Perps SKHY-USD.P	+0.0050%	1h	190.77	+0.052%	$549K	$2.6M	10x	as long as short
KuCoin SKHYUSDTM	+0.0100%	8h	190.92	+0.131%	$1.1M	$321K	20x	as long as short
Orderly PERP_SKHY_USDC_mythos	+0.0100%	8h	190.68	+0.005%	$2K	$4K	10x	as long as short
Nado SKHY-PERP	+0.0119%	1h	190.71	+0.022%	$34K	$28K	10x	as long as short
BloFin SKHY-USDT	+0.0120%	8h	190.70	+0.016%	$2.2M	$435K	50x	as long as short
Deribit SKHY_USDC-PERPETUAL	+0.0222%	1h	190.92	+0.131%	$48K	$325K	10x	as long as short
Phoenix SKHY	+0.0375%	1h	191.05	+0.199%	$214K	$124K	10x	as long as short
Kraken Futures PF_SKHYUSD	+0.0686%	1h	190.85	+0.092%	$48K	$19K	20x	as long as short