Funding arb · Price arb /

SKHY

RWAall SKHY markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0387%/8h= +42.4% APRpaid last 24h +0.015%

Price spread now: SoDEX against Bitget−0.127%7-day average — · you buy dearer than you sell

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

Long on Bitget Short on SoDEX

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—needs both histories

Funding pays, the price is against you. SoDEX is 0.127% cheaper against Bitget than usual: you would sell low and buy high (spread −0.127% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$13 on $10k: about 26 hours of funding at the current rate (+$12 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget SKHYUSDT	189.02	−0.0337	get 0.0337% / 8h	3h 04m	$24.3M	$29.4M	20x
Short	SoDEX SKHY-USD	188.78	0.0050	get 0.0006% / 1h	4m 36s	$42K	$13K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SoDEX against Bitget. 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 BitgetbpFee SoDEXbpOrdersPrice spread, now −0.127%Rate

Funding earned: $81.27
Price spread: −0.127% → 0.000%: −$12.7
Slippage, 4 orders: no order book: not counted
Fee Bitget: 6 bp × 2 orders: −$12
Fee SoDEX: 4 bp × 2 orders: −$8
Net: $48.57
Costs to cover: 0.200%
Break-even: 2.8 days

Slippage unknown: Bitget: live order book, 4 min ago; SoDEX: 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, 4 min ago	0.53 bp	8.9 bp −$9	16.7 bp −$167	24.0 bp −$2,396	41.9 bp −$21.0K
Sell SoDEX no order-book sample	—	—	—	—	—

SoDEX: 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
Bitget SKHYUSDTlong	−0.0337%	8h	189.02	long leg	$24.3M	$29.4M	20x
Coinbase International SKHY-PERP-INTX	−0.0104%	1h	189.86	+0.444%	$36K	$876K	10x	as long as short
edgeX SKHYUSDC	−0.0055%	4h	188.56	−0.243%	$568K	$290K	10x	as long as short
tradeXYZ xyz:SKHY	−0.0017%	1h	188.83	−0.101%	$158.4M	$70.1M	10x	as long as short
Aster SKHYUSDT	0.0000%	8h	188.99	−0.019%	$244K	$897K	50x	as long as short
Extended SKHY-USD	0.0000%	1h	188.87	−0.077%	$55K	$7K	10x	as long as short
Binance SKHYUSDT	0.0000%	8h	188.98	−0.021%	$199.4M	$412.3M	50x	as long as short
Bybit SKHYUSDT	0.0000%	8h	189.01	−0.005%	$15.4M	$29.1M	100x	as long as short
OKX SKHY-USDT-SWAP	0.0000%	8h	189.03	+0.005%	$44.8M	$73.8M	50x	as long as short
Gate SKHY_USDT	0.0000%	8h	188.90	−0.063%	$25.3M	$19.9M	75x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni SKHY	0.0000%	8h	188.92	−0.052%	$1.6M	$1.1M	—	as long as short
GRVT SKHY_USDT_Perp	0.0000%	8h	188.81	−0.109%	$22K	$216K	10x	as long as short
SunX SKHY-USDT	0.0000%	8h	189.07	+0.026%	$692	$6.2M	10x	as long as short
Deribit SKHY_USDC-PERPETUAL	0.0000%	1h	188.89	−0.069%	$48K	$330K	10x	as long as short
HTX SKHY-USDT	0.0000%	8h	188.72	−0.159%	$156K	$370K	50x	as long as short
Phemex SKHYUSDT	0.0000%	8h	188.96	−0.032%	$1.5M	$1.1M	10x	as long as short
Lighter SKHY	+0.0008%	1h	188.85	−0.090%	$995K	$747K	10x	as long as short
QFEX SKHY-USD	+0.0011%	1h	188.94	−0.042%	$1.2M	$4.1M	10x	as long as short
Nado SKHY-PERP	+0.0013%	1h	188.92	−0.053%	$33K	$28K	10x	as long as short
Lighter RH SKHY	+0.0032%	1h	188.76	−0.138%	$1.0M	$1.5M	10x	as long as short
Arcus SKHY-USD	+0.0040%	1h	188.81	−0.111%	$58K	$164K	10x	as long as short
Vest SKHY-USD-PERP	+0.0046%	1h	188.87	−0.079%	—	$12K	10x	as long as short
Popdex SKHYUSDT	+0.0048%	1h	188.96	−0.032%	$199K	$258K	20x	as long as short
Polymarket Perps SKHY-USD	+0.0050%	1h	188.69	−0.175%	$182K	$472K	10x	as long as short
SoDEX SKHY-USDshort	+0.0050%	1h	188.78	−0.127%	$42K	$13K	10x
Ondo Perps SKHY-USD.P	+0.0050%	1h	188.78	−0.127%	$526K	$2.6M	10x	as long as short
KuCoin SKHYUSDTM	+0.0100%	8h	188.88	−0.074%	$1.1M	$312K	20x	as long as short
Orderly PERP_SKHY_USDC_mythos	+0.0100%	8h	188.87	−0.079%	$2K	$4K	10x	as long as short
BloFin SKHY-USDT	+0.0120%	8h	188.87	−0.079%	$2.2M	$438K	50x	as long as short
Phoenix SKHY	+0.0375%	1h	189.01	−0.005%	$212K	$124K	10x	as long as short
Kraken Futures PF_SKHYUSD	+0.0694%	1h	188.84	−0.095%	$48K	$19K	20x	as long as short