Funding arb · Price arb /

SKHY

RWAall SKHY markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0032%/8h= +3.5% APRpaid last 24h −0.013%

Price spread now: HTX against Coinbase International−0.031%7-day average −0.137% · you buy dearer than you sell

Net, funding: paid 7d − costs−$29as in the Funding arb table

Net, price: spread back to 7d avg − costs−$27as in the Price arb table

costs, in and out, $10k−$380.377% of the position

Long on Coinbase International Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.090%+$9 on $10k

Price spread, last 4 days (all we have)−0.187%−$19 · spread now −0.031%, 7d avg −0.137%

Together, before fees−0.097%−$10 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and HTX is 0.106% dearer against Coinbase International than usual: you sell high and buy low: +$11 more if the spread goes back to its 7-day average of −0.137%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International SKHY-PERP-INTX	192.90	−0.0032	get 0.0004% / 1h	22m 49s	$45K	$874K	10x
Short	HTX SKHY-USDT	192.84	0	get 0.0000% / 8h	5h 22m	$160K	$368K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX 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 HTXbpOrdersPrice spread, now −0.031%Rate

Funding earned: $6.72
Price spread: −0.031% → −0.137%: $10.58
Slippage, 4 orders: −$15.74
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee HTX: 6 bp × 2 orders: −$12
Net: −$20.44
Costs to cover: 0.377%
Break-even: 28.3 days

Slippage from Coinbase International: live order book, 41 min ago; HTX: live order book, 40 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, 41 min ago	4.41 bp	9.4 bp −$9	14.6 bp −$146	doesn't fit	doesn't fit
Sell HTX live order book, 40 min ago	2.85 bp	8.9 bp −$9	10.8 bp −$108	doesn't fit	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	−0.0383%	4h	192.65	−0.131%	$581K	$290K	10x	as long as short
Coinbase International SKHY-PERP-INTXlong	−0.0032%	1h	192.90	long leg	$45K	$874K	10x
Aster SKHYUSDT	0.0000%	8h	192.85	−0.026%	$248K	$888K	50x	as long as short
Extended SKHY-USD	0.0000%	1h	192.89	−0.006%	$56K	$7K	10x	as long as short
Binance SKHYUSDT	0.0000%	8h	192.91	+0.005%	$206.4M	$390.3M	50x	as long as short
Bybit SKHYUSDT	0.0000%	8h	192.91	+0.005%	$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-USDTshort	0.0000%	8h	192.84	−0.031%	$160K	$368K	50x
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	192.81	−0.047%	$1.0M	$688K	10x	as long as short
Lighter RH SKHY	+0.0032%	1h	192.80	−0.052%	$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	192.83	−0.036%	$161.3M	$67.3M	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.P	+0.0050%	1h	192.64	−0.135%	$584K	$2.2M	10x	as long as short
KuCoin SKHYUSDTM	+0.0100%	8h	192.81	−0.047%	$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-USDT	+0.0120%	8h	192.90	0.000%	$2.3M	$446K	50x	as long as short
Bitget SKHYUSDT	+0.0131%	8h	192.86	−0.021%	$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