Funding arb · Price arb /

SKHY

RWAall SKHY markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0051%/8h= −5.6% APRpaid last 24h −0.042%

Price spread now: Nado against Aster+0.113%7-day average — · you sell dearer than you buy

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

Long on Aster Short on Nado

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 airdropAster: Stage 5 · Nado: Active · farm boardneeds both histories

The price spread pays, funding is against you. Nado is 0.113% dearer against Aster than usual: you sell high and buy low (spread +0.113% now, against zero (this spread has no 7-day history yet)): +$11 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 7.4 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster SKHYUSDT	192.83	0	get 0.0000% / 8h	7h 45m	$256K	$921K	50x
Short	Nado SKHY-PERP	193.05	−0.0051	pay 0.0006% / 1h	45m 29s	$29K	$2K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado against Aster. 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 AsterbpFee NadobpOrdersPrice spread, now +0.113%Rate

Funding earned: −$10.67
Price spread: +0.113% → 0.000%: $11.28
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee Nado: 3.5 bp × 2 orders: −$7
Net: −$14.38
Costs to cover: 0.150%
Break-even: never at this rate

Slippage unknown: Aster: live order book, 27 min ago; Nado: 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 Aster live order book, 27 min ago	1.32 bp	6.6 bp −$7	11.1 bp −$111	doesn't fit	doesn't fit
Sell Nado no order-book sample	—	—	—	—	—

Nado: 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	−0.0833%	4h	192.72	−0.057%	$581K	$290K	10x	as long as short
Nado SKHY-PERPshort	−0.0051%	1h	193.05	+0.113%	$29K	$2K	10x
Aster SKHYUSDTlong	0.0000%	8h	192.83	long leg	$256K	$921K	50x
Extended SKHY-USD	0.0000%	1h	193.07	+0.124%	$56K	$6K	10x	as long as short
Binance SKHYUSDT	0.0000%	8h	193.07	+0.123%	$213.5M	$384.5M	50x	as long as short
Bybit SKHYUSDT	0.0000%	8h	193.15	+0.165%	$15.9M	$27.5M	100x	as long as short
OKX SKHY-USDT-SWAP	0.0000%	8h	193.18	+0.180%	$47.3M	$66.7M	50x	as long as short
Gate SKHY_USDT	0.0000%	8h	193.02	+0.097%	$26.4M	$17.5M	75x	as long as short
Bitget SKHYUSDT	0.0000%	8h	193.11	+0.144%	$25.8M	$26.6M	20x	as long as short
Variational Omni SKHY	0.0000%	8h	193.22	+0.199%	$1.6M	$2.3M	—	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX SKHY-USDT	0.0000%	8h	193.46	+0.326%	$708	$7.0M	10x	as long as short
HTX SKHY-USDT	0.0000%	8h	193.12	+0.149%	$160K	$396K	50x	as long as short
Phemex SKHYUSDT	0.0000%	8h	192.97	+0.072%	$1.5M	$1.1M	10x	as long as short
QFEX SKHY-USD	+0.0005%	1h	192.99	+0.082%	$1.2M	$5.3M	10x	as long as short
Lighter SKHY	+0.0032%	1h	192.99	+0.082%	$1.0M	$620K	10x	as long as short
Lighter RH SKHY	+0.0032%	1h	192.96	+0.066%	$1.1M	$1.5M	10x	as long as short
Arcus SKHY-USD	+0.0040%	1h	193.04	+0.108%	$57K	$155K	10x	as long as short
Vest SKHY-USD-PERP	+0.0046%	1h	193.10	+0.139%	—	$13K	10x	as long as short
KuCoin SKHYUSDTM	+0.0047%	8h	192.96	+0.066%	$1.1M	$276K	20x	as long as short
Popdex SKHYUSDT	+0.0048%	1h	193.07	+0.123%	$197K	$256K	20x	as long as short
Ondo Perps SKHY-USD.P	+0.0050%	1h	193.16	+0.170%	$611K	$1.6M	10x	as long as short
Coinbase International SKHY-PERP-INTX	+0.0088%	1h	190.51	−1.204%	$171K	$682K	10x	as long as short
Orderly PERP_SKHY_USDC_mythos	+0.0100%	8h	193.19	+0.186%	$2K	$4K	10x	as long as short
BloFin SKHY-USDT	+0.0120%	8h	193.42	+0.305%	$2.3M	$429K	50x	as long as short
Deribit SKHY_USDC-PERPETUAL	+0.0268%	1h	193.26	+0.222%	$46K	$259K	10x	as long as short
GRVT SKHY_USDT_Perp	+0.0282%	8h	192.80	−0.018%	$23K	$202K	10x	as long as short
Phoenix SKHY	+0.0335%	1h	193.28	+0.232%	$218K	$120K	10x	as long as short
Polymarket Perps SKHY-USD	+0.0351%	1h	193.03	+0.103%	$194K	$425K	10x	as long as short
tradeXYZ xyz:SKHY	+0.0469%	1h	193.01	+0.092%	$166.8M	$65.2M	10x	as long as short
Kraken Futures PF_SKHYUSD	+0.0708%	1h	193.25	+0.218%	$51K	$25K	20x	as long as short
SoDEX SKHY-USD	+0.1184%	1h	193.14	+0.160%	$43K	$13K	10x	as long as short