Funding arb · Price arb /

SKHY

RWAall SKHY markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0128%/8h= −14.0% APRpaid last 24h −0.003%

Price spread now: Binance against Coinbase International−0.132%7-day average −0.098% · you buy dearer than you sell

Net, funding: paid 7d − costs−$28as in the Funding arb table

Net, price: spread back to 7d avg − costs−$38as in the Price arb table

costs, in and out, $10k−$350.350% of the position

Long on Coinbase International Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days+0.072%+$7 on $10k

Price spread, last 2 days (all we have)−0.275%−$28 · spread now −0.132%, 7d avg −0.098%

Together, before fees−0.203%−$20 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and Binance is 0.034% cheaper against Coinbase International than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of −0.098%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.072%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International SKHY-PERP-INTX	189.72	0.0128	pay 0.0016% / 1h	12m 39s	$169K	$684K	10x
Short	Binance SKHYUSDT	189.47	0	get 0.0000% / 8h	12m 39s	$211.9M	$378.8M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Coinbase International. 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 Coinbase InternationalbpFee BinancebpOrdersPrice spread, now −0.132%Rate

Funding earned: −$26.88
Price spread: −0.132% → −0.098%: −$3.39
Slippage, 4 orders: −$15.01
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Binance: 5 bp × 2 orders: −$10
Net: −$65.28
Costs to cover: 0.350%
Break-even: never at this rate

Slippage from Coinbase International: live order book, 66 min ago; Binance: live order book, 16 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 Coinbase International live order book, 66 min ago	6.88 bp	11.9 bp −$12	14.9 bp −$149	doesn't fit	doesn't fit
Sell Binance live order book, 16 min ago	0.26 bp	5.3 bp −$5	6.9 bp −$69	16.9 bp −$1,689	91.1 bp −$45.5K

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	−0.0847%	4h	189.54	−0.094%	$571K	$291K	10x	as long as short
Nado SKHY-PERP	−0.0043%	1h	189.55	−0.092%	$28K	$2K	10x	as long as short
QFEX SKHY-USD	0.0000%	1h	189.48	−0.127%	$1.2M	$5.3M	10x	as long as short
Aster SKHYUSDT	0.0000%	8h	189.49	−0.120%	$252K	$903K	50x	as long as short
Extended SKHY-USD	0.0000%	1h	189.47	−0.130%	$55K	$4K	10x	as long as short
Binance SKHYUSDTshort	0.0000%	8h	189.47	−0.132%	$211.9M	$378.8M	50x
Bybit SKHYUSDT	0.0000%	8h	189.48	−0.127%	$15.7M	$27.0M	100x	as long as short
OKX SKHY-USDT-SWAP	0.0000%	8h	189.47	−0.132%	$47.1M	$61.5M	50x	as long as short
Gate SKHY_USDT	0.0000%	8h	189.50	−0.116%	$26.1M	$17.8M	75x	as long as short
Bitget SKHYUSDT	0.0000%	8h	189.54	−0.095%	$25.2M	$25.8M	20x	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	189.62	−0.054%	$1.6M	$2.5M	—	as long as short
GRVT SKHY_USDT_Perp	0.0000%	8h	189.64	−0.041%	$22K	$208K	10x	as long as short
SunX SKHY-USDT	0.0000%	8h	189.77	+0.026%	$695	$7.2M	10x	as long as short
Deribit SKHY_USDC-PERPETUAL	0.0000%	1h	189.47	−0.132%	$45K	$259K	10x	as long as short
HTX SKHY-USDT	0.0000%	8h	189.41	−0.163%	$155K	$400K	50x	as long as short
Phemex SKHYUSDT	0.0000%	8h	189.44	−0.148%	$1.5M	$1.1M	10x	as long as short
KuCoin SKHYUSDTM	+0.0013%	8h	189.46	−0.137%	$1.1M	$280K	20x	as long as short
Lighter SKHY	+0.0032%	1h	189.45	−0.142%	$1.0M	$696K	10x	as long as short
Lighter RH SKHY	+0.0032%	1h	189.37	−0.184%	$1.1M	$1.4M	10x	as long as short
Arcus SKHY-USD	+0.0040%	1h	189.53	−0.100%	$56K	$155K	10x	as long as short
Vest SKHY-USD-PERP	+0.0046%	1h	189.43	−0.153%	—	$12K	10x	as long as short
Popdex SKHYUSDT	+0.0048%	1h	189.49	−0.121%	$202K	$241K	20x	as long as short
tradeXYZ xyz:SKHY	+0.0050%	1h	189.52	−0.105%	$164.3M	$65.4M	10x	as long as short
Polymarket Perps SKHY-USD	+0.0050%	1h	189.42	−0.158%	$170K	$952K	10x	as long as short
SoDEX SKHY-USD	+0.0050%	1h	189.41	−0.163%	$42K	$13K	10x	as long as short
Ondo Perps SKHY-USD.P	+0.0050%	1h	189.42	−0.158%	$558K	$1.2M	10x	as long as short
Orderly PERP_SKHY_USDC_mythos	+0.0100%	8h	189.47	−0.132%	$2K	$4K	10x	as long as short
BloFin SKHY-USDT	+0.0120%	8h	189.48	−0.127%	$2.2M	$414K	50x	as long as short
Coinbase International SKHY-PERP-INTXlong	+0.0128%	1h	189.72	long leg	$169K	$684K	10x
Phoenix SKHY	+0.0380%	1h	189.82	+0.053%	$214K	$128K	10x	as long as short
Kraken Futures PF_SKHYUSD	+0.0952%	1h	189.42	−0.159%	$50K	$24K	20x	as long as short