Funding arb · Price arb /

SKHY

RWAall SKHY markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0040%/8h= −4.4% APRpaid last 24h −0.012%

Price spread now: SunX against Arcus+0.145%7-day average +0.167% · you sell dearer than you buy

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

Net, price: spread back to 7d avg − costs−$143as in the Price arb table

costs, in and out, $10k−$1401.404% of the position

Long on Arcus Short on SunX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.070%−$7 on $10k

Price spread, last 4 days (all we have)−0.215%−$21 · spread now +0.145%, 7d avg +0.167%

Together, before fees−0.285%−$28 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and SunX is 0.021% cheaper against Arcus than usual: you would sell low and buy high (−$2 if the spread goes back to its 7-day average of +0.167%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Arcus SKHY-USD	192.71	0.0040	pay 0.0005% / 1h	25m 44s	$57K	$154K	10x
Short	SunX SKHY-USDT	192.99	0	get 0.0000% / 8h	5h 25m	$707	$6.4M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now +0.145%Rate

Funding earned: −$8.46
Price spread: +0.145% → +0.167%: −$2.13
Slippage, 4 orders: −$127.89
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Fee SunX: 4 bp × 2 orders: −$8
Net: −$150.98
Costs to cover: 1.404%
Break-even: never at this rate

Slippage from Arcus: live order book, 37 min ago; SunX: live order book, 3 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, 37 min ago	4.41 bp	9.6 bp −$10	17.9 bp −$179	doesn't fit	doesn't fit
Sell SunX live order book, 3 min ago	29.54 bp	72.8 bp −$73	doesn't fit	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
edgeX SKHYUSDC	−0.0139%	4h	192.84	+0.066%	$581K	$289K	10x	as long as short
Coinbase International SKHY-PERP-INTX	−0.0032%	1h	192.90	+0.099%	$45K	$874K	10x	as long as short
Aster SKHYUSDT	0.0000%	8h	192.74	+0.016%	$248K	$890K	50x	as long as short
Extended SKHY-USD	0.0000%	1h	192.72	+0.006%	$56K	$7K	10x	as long as short
Binance SKHYUSDT	0.0000%	8h	192.75	+0.021%	$206.5M	$389.8M	50x	as long as short
Bybit SKHYUSDT	0.0000%	8h	192.79	+0.042%	$15.7M	$27.3M	100x	as long as short
OKX SKHY-USDT-SWAP	0.0000%	8h	192.79	+0.042%	$46.7M	$69.3M	50x	as long as short
Gate SKHY_USDT	0.0000%	8h	192.70	−0.005%	$25.8M	$19.0M	75x	as long as short
Variational Omni SKHY	0.0000%	8h	192.70	−0.008%	$1.6M	$1.2M	—	as long as short
GRVT SKHY_USDT_Perp	0.0000%	8h	192.82	+0.057%	$23K	$195K	10x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX SKHY-USDTshort	0.0000%	8h	192.99	+0.145%	$707	$6.4M	10x
HTX SKHY-USDT	0.0000%	8h	192.66	−0.026%	$160K	$368K	50x	as long as short
Phemex SKHYUSDT	0.0000%	8h	192.74	+0.016%	$1.5M	$1.1M	10x	as long as short
QFEX SKHY-USD	+0.0004%	1h	192.68	−0.016%	$1.2M	$4.3M	10x	as long as short
Lighter SKHY	+0.0032%	1h	192.62	−0.047%	$1.0M	$688K	10x	as long as short
Lighter RH SKHY	+0.0032%	1h	192.66	−0.026%	$1.1M	$1.5M	10x	as long as short
Arcus SKHY-USDlong	+0.0040%	1h	192.71	long leg	$57K	$154K	10x
Vest SKHY-USD-PERP	+0.0046%	1h	192.65	−0.031%	—	$11K	10x	as long as short
Popdex SKHYUSDT	+0.0048%	1h	192.74	+0.016%	$199K	$256K	20x	as long as short
tradeXYZ xyz:SKHY	+0.0050%	1h	192.63	−0.042%	$161.2M	$67.2M	10x	as long as short
Polymarket Perps SKHY-USD	+0.0050%	1h	192.63	−0.042%	$188K	$456K	10x	as long as short
SoDEX SKHY-USD	+0.0050%	1h	192.69	−0.010%	$43K	$13K	10x	as long as short
Ondo Perps SKHY-USD.P	+0.0050%	1h	192.65	−0.031%	$584K	$2.2M	10x	as long as short
KuCoin SKHYUSDTM	+0.0100%	8h	192.74	+0.016%	$1.1M	$290K	20x	as long as short
Orderly PERP_SKHY_USDC_mythos	+0.0100%	8h	192.73	+0.010%	$2K	$4K	10x	as long as short
Deribit SKHY_USDC-PERPETUAL	+0.0113%	1h	192.74	+0.016%	$49K	$295K	10x	as long as short
BloFin SKHY-USDT	+0.0120%	8h	192.65	−0.031%	$2.2M	$445K	50x	as long as short
Bitget SKHYUSDT	+0.0137%	8h	192.79	+0.042%	$25.4M	$26.7M	20x	as long as short
Nado SKHY-PERP	+0.0168%	1h	192.64	−0.036%	$38K	$26K	10x	as long as short
Phoenix SKHY	+0.0332%	1h	192.88	+0.088%	$216K	$124K	10x	as long as short
Kraken Futures PF_SKHYUSD	+0.0546%	1h	192.83	+0.062%	$51K	$17K	20x	as long as short