Funding arb · Price arb /

SKHY

RWAall SKHY markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 19:00 UTC−0.0112%/8hpaid last 24h −0.028%

Price spread now: Bitget against Coinbase International−0.174%7-day average −0.110% · you buy dearer than you sell

Net, funding: paid 7d − costs−$27as in the Funding arb table

Net, price: spread back to 7d avg − costs−$47as in the Price arb table

costs, in and out, $10k−$410.406% of the position

Long on Coinbase International Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days+0.133%+$13 on $10k

Price spread, last 3 days (all we have)+0.220%+$22 · spread now −0.174%, 7d avg −0.110%

Together, before fees+0.353%+$35 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Bitget is 0.064% cheaper against Coinbase International than usual: you would sell low and buy high (−$6 if the spread goes back to its 7-day average of −0.110%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.133%, 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	189.61	0.0112	pay 0.0014% / 1h	23m 39s	$170K	$670K	10x
Short	Bitget SKHYUSDT	189.28	0	get 0.0000% / 8h	4h 23m	$25.6M	$23.7M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now −0.174%Rate

Funding earned: −$23.52
Price spread: −0.174% → −0.110%: −$6.37
Slippage, 4 orders: −$18.63
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$70.51
Costs to cover: 0.406%
Break-even: never at this rate

Slippage from Coinbase International: live order book, 9 min ago; Bitget: live order book, 9 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, 9 min ago	5.28 bp	12.4 bp −$12	16.7 bp −$167	doesn't fit	doesn't fit
Sell Bitget live order book, 9 min ago	0.79 bp	8.7 bp −$9	16.2 bp −$162	30.6 bp −$3,060	doesn't fit

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	−0.0800%	4h	189.45	−0.083%	$571K	$288K	10x	as long as short
Nado SKHY-PERP	−0.0192%	1h	189.50	−0.060%	$28K	$2K	10x	as long as short
KuCoin SKHYUSDTM	−0.0022%	8h	189.25	−0.190%	$1.1M	$302K	20x	as long as short
tradeXYZ xyz:SKHY	−0.0012%	1h	189.24	−0.195%	$166.9M	$62.3M	10x	as long as short
QFEX SKHY-USD	−0.0006%	1h	189.39	−0.116%	$1.2M	$5.2M	10x	as long as short
Aster SKHYUSDT	0.0000%	8h	189.25	−0.191%	$265K	$840K	50x	as long as short
Extended SKHY-USD	0.0000%	1h	189.20	−0.218%	$55K	$4K	10x	as long as short
Binance SKHYUSDT	0.0000%	8h	189.24	−0.194%	$214.8M	$363.2M	50x	as long as short
Bybit SKHYUSDT	0.0000%	8h	189.25	−0.190%	$16.1M	$25.2M	100x	as long as short
OKX SKHY-USDT-SWAP	0.0000%	8h	189.24	−0.195%	$47.3M	$60.1M	50x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate SKHY_USDT	0.0000%	8h	189.16	−0.237%	$26.7M	$16.5M	75x	as long as short
Bitget SKHYUSDTshort	0.0000%	8h	189.28	−0.174%	$25.6M	$23.7M	20x
Variational Omni SKHY	0.0000%	8h	189.45	−0.082%	$1.5M	$2.5M	—	as long as short
GRVT SKHY_USDT_Perp	0.0000%	8h	189.44	−0.091%	$22K	$207K	10x	as long as short
SunX SKHY-USDT	0.0000%	8h	189.62	+0.005%	$694	$7.4M	10x	as long as short
Deribit SKHY_USDC-PERPETUAL	0.0000%	1h	189.37	−0.127%	$45K	$205K	10x	as long as short
HTX SKHY-USDT	0.0000%	8h	189.31	−0.158%	$155K	$381K	50x	as long as short
Phemex SKHYUSDT	0.0000%	8h	188.99	−0.327%	$1.5M	$1.1M	10x	as long as short
Polymarket Perps SKHY-USD	+0.0021%	1h	189.32	−0.153%	$192K	$922K	10x	as long as short
Lighter SKHY	+0.0032%	1h	189.21	−0.211%	$1.0M	$686K	10x	as long as short
Lighter RH SKHY	+0.0032%	1h	189.13	−0.253%	$1.1M	$1.4M	10x	as long as short
Ondo Perps SKHY-USD.P	+0.0039%	1h	189.14	−0.248%	$527K	$846K	10x	as long as short
Arcus SKHY-USD	+0.0040%	1h	189.37	−0.127%	$62K	$141K	10x	as long as short
Vest SKHY-USD-PERP	+0.0046%	1h	189.44	−0.090%	—	$11K	10x	as long as short
Popdex SKHYUSDT	+0.0048%	1h	189.42	−0.100%	$204K	$232K	20x	as long as short
SoDEX SKHY-USD	+0.0050%	1h	189.27	−0.179%	$42K	$12K	10x	as long as short
Orderly PERP_SKHY_USDC_mythos	+0.0100%	8h	189.35	−0.137%	$2K	$5K	10x	as long as short
Coinbase International SKHY-PERP-INTXlong	+0.0112%	1h	189.61	long leg	$170K	$670K	10x
BloFin SKHY-USDT	+0.0120%	8h	189.50	−0.058%	$2.3M	$364K	50x	as long as short
Phoenix SKHY	+0.0297%	1h	189.66	+0.026%	$214K	$119K	10x	as long as short
Kraken Futures PF_SKHYUSD	+0.0740%	1h	189.47	−0.072%	$50K	$26K	20x	as long as short