Funding arb · Price arb /

SKHY

RWAall SKHY markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0050%/8h= +5.5% APRpaid last 24h +0.015%

Price spread now: Ondo Perps against Bitget−0.047%7-day average −0.032% · you buy dearer than you sell

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

Long on Bitget Short on Ondo Perps

What this pair did over the last

the charts below follow

Funding, last 7 days+0.052%+$5 on $10k

Price spread, last 7 days+0.050%+$5 · spread now −0.047%, 7d avg −0.032%

Together, before fees+0.102%+ Points / potential airdropOndo Perps: Active · farm board+$10 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.032%, so right now this pair is about funding alone: +$2 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget SKHYUSDT	190.52	0	get 0.0000% / 8h	3h 40m	$24.4M	$28.3M	20x
Short	Ondo Perps SKHY-USD.P	190.43	0.0050	get 0.0006% / 1h	40m 40s	$563K	$2.6M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Ondo Perps against Bitget. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 BitgetbpFee Ondo PerpsbpOrdersPrice spread, now −0.047%Rate

Funding earned: $10.58
Price spread: −0.047% → −0.032%: −$1.55
Slippage, 4 orders: no order book: not counted
Fee Bitget: 6 bp × 2 orders: −$12
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Net: −$7.96
Costs to cover: 0.170%
Break-even: 12.3 days

Slippage unknown: Bitget: live order book, 3 min ago; Ondo Perps: 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 Bitget live order book, 3 min ago	0.52 bp	9.2 bp −$9	15.7 bp −$157	18.6 bp −$1,857	38.1 bp −$19.1K
Sell Ondo Perps no order-book sample	—	—	—	—	—

Ondo Perps: 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	−0.0981%	4h	190.66	+0.075%	$575K	$290K	10x	as long as short
Coinbase International SKHY-PERP-INTX	−0.0104%	1h	192.84	+1.218%	$45K	$861K	10x	as long as short
Aster SKHYUSDT	0.0000%	8h	190.25	−0.141%	$247K	$893K	50x	as long as short
Extended SKHY-USD	0.0000%	1h	190.16	−0.187%	$55K	$7K	10x	as long as short
Binance SKHYUSDT	0.0000%	8h	190.22	−0.157%	$199.9M	$403.2M	50x	as long as short
Bybit SKHYUSDT	0.0000%	8h	190.20	−0.168%	$15.4M	$28.5M	100x	as long as short
OKX SKHY-USDT-SWAP	0.0000%	8h	190.21	−0.163%	$45.4M	$72.8M	50x	as long as short
Gate SKHY_USDT	0.0000%	8h	190.23	−0.152%	$25.6M	$19.4M	75x	as long as short
Bitget SKHYUSDTlong	0.0000%	8h	190.52	long leg	$24.4M	$28.3M	20x
Variational Omni SKHY	0.0000%	8h	190.47	−0.025%	$1.6M	$1.1M	—	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT SKHY_USDT_Perp	0.0000%	8h	190.68	+0.083%	$22K	$211K	10x	as long as short
SunX SKHY-USDT	0.0000%	8h	190.67	+0.079%	$698	$6.2M	10x	as long as short
Deribit SKHY_USDC-PERPETUAL	0.0000%	1h	190.39	−0.068%	$48K	$326K	10x	as long as short
HTX SKHY-USDT	0.0000%	8h	190.45	−0.037%	$159K	$369K	50x	as long as short
Phemex SKHYUSDT	0.0000%	8h	190.61	+0.047%	$1.5M	$1.1M	10x	as long as short
tradeXYZ xyz:SKHY	+0.0004%	1h	190.13	−0.205%	$159.0M	$69.1M	10x	as long as short
QFEX SKHY-USD	+0.0011%	1h	190.42	−0.052%	$1.2M	$4.0M	10x	as long as short
Lighter SKHY	+0.0032%	1h	190.10	−0.220%	$1.0M	$691K	10x	as long as short
Lighter RH SKHY	+0.0032%	1h	190.12	−0.210%	$1.1M	$1.4M	10x	as long as short
Arcus SKHY-USD	+0.0040%	1h	190.54	+0.010%	$59K	$164K	10x	as long as short
Vest SKHY-USD-PERP	+0.0046%	1h	190.51	−0.005%	—	$12K	10x	as long as short
Popdex SKHYUSDT	+0.0048%	1h	190.52	0.000%	$200K	$257K	20x	as long as short
Polymarket Perps SKHY-USD	+0.0050%	1h	190.38	−0.073%	$182K	$460K	10x	as long as short
SoDEX SKHY-USD	+0.0050%	1h	190.36	−0.084%	$42K	$13K	10x	as long as short
Ondo Perps SKHY-USD.Pshort	+0.0050%	1h	190.43	−0.047%	$563K	$2.6M	10x
KuCoin SKHYUSDTM	+0.0100%	8h	190.24	−0.147%	$1.1M	$320K	20x	as long as short
Orderly PERP_SKHY_USDC_mythos	+0.0100%	8h	190.41	−0.058%	$2K	$4K	10x	as long as short
Nado SKHY-PERP	+0.0105%	1h	190.63	+0.060%	$34K	$28K	10x	as long as short
BloFin SKHY-USDT	+0.0120%	8h	190.36	−0.084%	$2.2M	$435K	50x	as long as short
Phoenix SKHY	+0.0375%	1h	190.77	+0.131%	$214K	$124K	10x	as long as short
Kraken Futures PF_SKHYUSD	+0.0688%	1h	190.50	−0.008%	$48K	$19K	20x	as long as short