Funding arb · Price arb /

SKHY

RWAall SKHY markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0790%/8h= −86.5% APRpaid last 24h −0.176%

Price spread now: edgeX against Arcus−0.041%7-day average +0.026% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$48as in the Price arb table

costs, in and out, $10k−$420.416% of the position

Long on Arcus Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.230%+$23 on $10k

Price spread, last 4 days (all we have)+0.826%+$83 · spread now −0.041%, 7d avg +0.026%

Together, before fees+1.056%+ Points / potential airdropedgeX: Active · farm board+$106 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$24 a day on $10k at the current rate, and edgeX is 0.067% cheaper against Arcus than usual: you would sell low and buy high (−$7 if the spread goes back to its 7-day average of +0.026%). Swap the legs. Mind the row above: over the last 4 days funding on this pair paid +0.230%, so the current rate has only just turned against you.

The current funding rate is far above what this pair has been paying: over the last 4 days it paid 0.230% in total (about 22.5% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Arcus SKHY-USD	186.61	0.0040	pay 0.0005% / 1h	33m 06s	$60K	$171K	10x
Short	edgeX SKHYUSDC	186.53	−0.0749	pay 0.0375% / 4h	33m 06s	$562K	$291K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX against Arcus. 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 ArcusbpFee edgeXbpOrdersPrice spread, now −0.041%Rate

Funding earned: −$165.82
Price spread: −0.041% → +0.026%: −$6.69
Slippage, 4 orders: −$28.08
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$214.09
Costs to cover: 0.416%
Break-even: never at this rate

Slippage from Arcus: live order book, 5 min ago; edgeX: live order book, 6 min ago.

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 Arcus live order book, 5 min ago	4.29 bp	9.5 bp −$9	20.1 bp −$201	doesn't fit	doesn't fit
Sell edgeX live order book, 6 min ago	5.63 bp	10.6 bp −$11	15.7 bp −$157	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
Bitget SKHYUSDT	−0.1271%	8h	186.87	+0.139%	$25.4M	$33.1M	20x	as long as short
edgeX SKHYUSDCshort	−0.0749%	4h	186.53	−0.041%	$562K	$291K	10x
Kraken Futures PF_SKHYUSD	−0.0266%	1h	186.82	+0.111%	$48K	$21K	20x	as long as short
tradeXYZ xyz:SKHY	−0.0217%	1h	186.64	+0.016%	$158.5M	$76.9M	10x	as long as short
Nado SKHY-PERP	−0.0177%	1h	186.84	+0.123%	$33K	$28K	10x	as long as short
Popdex SKHYUSDT	−0.0136%	1h	186.76	+0.080%	$205K	$288K	20x	as long as short
Polymarket Perps SKHY-USD	−0.0127%	1h	186.63	+0.011%	$180K	$487K	10x	as long as short
Coinbase International SKHY-PERP-INTX	−0.0072%	1h	187.58	+0.520%	$68K	$905K	10x	as long as short
QFEX SKHY-USD	−0.0061%	1h	186.75	+0.075%	$1.2M	$4.3M	10x	as long as short
KuCoin SKHYUSDTM	−0.0037%	8h	186.58	−0.016%	$1.1M	$328K	20x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter SKHY	−0.0016%	1h	186.60	−0.005%	$975K	$1.2M	10x	as long as short
Aster SKHYUSDT	0.0000%	8h	186.71	+0.055%	$223K	$925K	50x	as long as short
Extended SKHY-USD	0.0000%	1h	186.59	−0.011%	$54K	$7K	10x	as long as short
Binance SKHYUSDT	0.0000%	8h	186.64	+0.016%	$200.7M	$450.6M	50x	as long as short
Bybit SKHYUSDT	0.0000%	8h	186.64	+0.016%	$16.7M	$29.4M	100x	as long as short
OKX SKHY-USDT-SWAP	0.0000%	8h	186.63	+0.011%	$44.7M	$79.7M	50x	as long as short
Gate SKHY_USDT	0.0000%	8h	186.63	+0.011%	$25.6M	$21.0M	75x	as long as short
Variational Omni SKHY	0.0000%	8h	186.58	−0.017%	$1.6M	$1.0M	—	as long as short
GRVT SKHY_USDT_Perp	0.0000%	8h	186.63	+0.011%	$22K	$233K	10x	as long as short
SunX SKHY-USDT	0.0000%	8h	186.90	+0.155%	$684	$6.1M	10x	as long as short
Deribit SKHY_USDC-PERPETUAL	0.0000%	1h	186.65	+0.021%	$49K	$347K	10x	as long as short
HTX SKHY-USDT	0.0000%	8h	186.55	−0.032%	$155K	$363K	50x	as long as short
Phemex SKHYUSDT	0.0000%	8h	186.68	+0.038%	$1.5M	$1.1M	10x	as long as short
Ondo Perps SKHY-USD.P	+0.0018%	1h	186.48	−0.070%	$521K	$2.6M	10x	as long as short
Lighter RH SKHY	+0.0032%	1h	186.55	−0.032%	$1.1M	$1.5M	10x	as long as short
Arcus SKHY-USDlong	+0.0040%	1h	186.61	long leg	$60K	$171K	10x
Vest SKHY-USD-PERP	+0.0046%	1h	186.73	+0.064%	—	$32K	10x	as long as short
SoDEX SKHY-USD	+0.0050%	1h	186.62	+0.005%	$41K	$12K	10x	as long as short
Orderly PERP_SKHY_USDC_mythos	+0.0100%	8h	186.63	+0.011%	$2K	$4K	10x	as long as short
BloFin SKHY-USDT	+0.0120%	8h	186.65	+0.021%	$2.2M	$426K	50x	as long as short
Phoenix SKHY	+0.0129%	1h	186.78	+0.091%	$209K	$123K	10x	as long as short