Funding arb · Price arb /

SKHY

RWAall SKHY markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0070%/8h= −7.6% APRpaid last 24h −0.021%

Price spread now: Ondo Perps against BloFin−0.135%7-day average −0.029% · you buy dearer than you sell

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

Long on BloFin Short on Ondo Perps

What this pair did over the last

the charts below follow

Funding, last 7 days−0.148%−$15 on $10k

Price spread, last 4 days (all we have)+0.401%+$40 · spread now −0.135%, 7d avg −0.029%

Together, before fees+0.253%+ Points / potential airdropOndo Perps: Active · farm board+$25 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Ondo Perps is 0.106% cheaper against BloFin than usual: you would sell low and buy high (−$11 if the spread goes back to its 7-day average of −0.029%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin SKHY-USDT	192.90	0.0120	pay 0.0120% / 8h	5h 23m	$2.3M	$446K	50x
Short	Ondo Perps SKHY-USD.P	192.64	0.0050	get 0.0006% / 1h	23m 07s	$584K	$2.2M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Ondo Perps against BloFin. 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 BloFinbpFee Ondo PerpsbpOrdersPrice spread, now −0.135%Rate

Funding earned: −$14.62
Price spread: −0.135% → −0.029%: −$10.6
Slippage, 4 orders: no order book: not counted
Fee BloFin: 6 bp × 2 orders: −$12
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Net: −$42.22
Costs to cover: 0.170%
Break-even: never at this rate

Slippage unknown: BloFin: live order book, 5 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 BloFin live order book, 5 min ago	0.26 bp	6.3 bp −$6	8.7 bp −$87	20.6 bp −$2,065	39.7 bp −$19.8K
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	−0.0383%	4h	192.65	−0.131%	$581K	$290K	10x	as long as short
Coinbase International SKHY-PERP-INTX	−0.0032%	1h	192.90	0.000%	$45K	$874K	10x	as long as short
Aster SKHYUSDT	0.0000%	8h	192.76	−0.071%	$248K	$888K	50x	as long as short
Extended SKHY-USD	0.0000%	1h	192.81	−0.049%	$56K	$7K	10x	as long as short
Binance SKHYUSDT	0.0000%	8h	192.89	−0.004%	$206.4M	$390.2M	50x	as long as short
Bybit SKHYUSDT	0.0000%	8h	192.90	0.000%	$15.7M	$27.3M	100x	as long as short
OKX SKHY-USDT-SWAP	0.0000%	8h	192.91	+0.005%	$46.7M	$69.4M	50x	as long as short
Gate SKHY_USDT	0.0000%	8h	192.84	−0.031%	$25.8M	$19.0M	75x	as long as short
Variational Omni SKHY	0.0000%	8h	192.70	−0.106%	$1.6M	$1.2M	—	as long as short
GRVT SKHY_USDT_Perp	0.0000%	8h	192.68	−0.114%	$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-USDT	0.0000%	8h	193.21	+0.161%	$707	$6.4M	10x	as long as short
HTX SKHY-USDT	0.0000%	8h	192.84	−0.031%	$160K	$368K	50x	as long as short
Phemex SKHYUSDT	0.0000%	8h	192.89	−0.005%	$1.5M	$1.1M	10x	as long as short
QFEX SKHY-USD	+0.0004%	1h	192.71	−0.098%	$1.2M	$4.3M	10x	as long as short
Lighter SKHY	+0.0032%	1h	192.75	−0.078%	$1.0M	$688K	10x	as long as short
Lighter RH SKHY	+0.0032%	1h	192.75	−0.078%	$1.1M	$1.5M	10x	as long as short
Arcus SKHY-USD	+0.0040%	1h	192.69	−0.109%	$57K	$154K	10x	as long as short
Vest SKHY-USD-PERP	+0.0046%	1h	192.71	−0.098%	—	$11K	10x	as long as short
Popdex SKHYUSDT	+0.0048%	1h	192.84	−0.031%	$199K	$256K	20x	as long as short
tradeXYZ xyz:SKHY	+0.0050%	1h	192.80	−0.052%	$161.3M	$67.2M	10x	as long as short
Polymarket Perps SKHY-USD	+0.0050%	1h	192.71	−0.098%	$188K	$456K	10x	as long as short
SoDEX SKHY-USD	+0.0050%	1h	192.78	−0.062%	$43K	$13K	10x	as long as short
Ondo Perps SKHY-USD.Pshort	+0.0050%	1h	192.64	−0.135%	$584K	$2.2M	10x
KuCoin SKHYUSDTM	+0.0100%	8h	192.77	−0.067%	$1.1M	$291K	20x	as long as short
Orderly PERP_SKHY_USDC_mythos	+0.0100%	8h	192.79	−0.057%	$2K	$4K	10x	as long as short
BloFin SKHY-USDTlong	+0.0120%	8h	192.90	long leg	$2.3M	$446K	50x
Bitget SKHYUSDT	+0.0131%	8h	192.82	−0.041%	$25.4M	$26.8M	20x	as long as short
Nado SKHY-PERP	+0.0168%	1h	192.75	−0.078%	$38K	$26K	10x	as long as short
Deribit SKHY_USDC-PERPETUAL	+0.0321%	1h	192.89	−0.005%	$49K	$296K	10x	as long as short
Phoenix SKHY	+0.0332%	1h	192.82	−0.041%	$216K	$124K	10x	as long as short
Kraken Futures PF_SKHYUSD	+0.0546%	1h	192.95	+0.024%	$51K	$17K	20x	as long as short