Settings8H · net · $10k
Funding arb · Price arb /

SKHY

RWAall SKHY markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC+0.0024%/8h= +2.6% APRnext payment +$0.03 per $10,000 · paid last 24h +0.010%
Price spread now: Popdex against Coinbase International+0.550%7-day average −0.129% · you sell dearer than you buy
Net, funding: paid 7d − costsunder 7 days of funding history
Net, price: spread back to 7d avg − costs+$31as in the Price arb table
costs, in and out, $10k−$360.364% of the position
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)+0.043%+$4 on $10k
Price spread, last 4 days (all we have)−0.443%−$44 · spread now +0.550%, 7d avg −0.129%
Together, before fees−0.400%−$40 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 Popdex is 0.679% dearer against Coinbase International than usual: you sell high and buy low: +$68 more if the spread goes back to its 7-day average of −0.129%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongCoinbase International SKHY-PERP-INTX183.790.0024pay 0.0003% / 1h20m 12s$66K$750K10x
ShortPopdex SKHYUSDT184.800.0048get 0.0006% / 1h20m 12s$199K$295K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Popdex 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

Funding earned
$5.04
Price spread: +0.550% → −0.129%
$67.89
Slippage, 4 orders
−$20.05
Fee Coinbase International: 5 bp × 2 orders
−$10
Fee Popdex: 3.2 bp × 2 orders
−$6.4
Net
$36.48
Costs to cover
0.364%
Break-even
from the start
Slippage from Coinbase International: live order book, 13 min ago; Popdex: live order book, 14 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Coinbase International live order book, 13 min ago7.32 bp12.4 bp −$1215.6 bp −$156doesn't fitdoesn't fit
Sell Popdex live order book, 14 min ago0.81 bp4.8 bp −$58.6 bp −$86doesn't fitdoesn't fit

SKHY on 31 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bitget SKHYUSDT−0.1152%8h184.94+0.626%$25.4M$35.1M20xas long as short
KuCoin SKHYUSDTM−0.0246%8h184.68+0.484%$1.1M$376K20xas long as short
edgeX SKHYUSDC−0.0224%4h184.38+0.324%$556K$290K10xas long as short
GRVT SKHY_USDT_Perp−0.0198%8h184.46+0.365%$22K$246K10xas long as short
tradeXYZ xyz:SKHY−0.0052%1h184.81+0.555%$156.6M$77.9M10xas long as short
Extended SKHY-USD−0.0048%1h184.79+0.542%$53K$7K10xas long as short
Binance SKHYUSDT−0.0047%8h184.82+0.560%$195.9M$465.0M50xas long as short
Nado SKHY-PERP−0.0032%1h184.88+0.592%$32K$28K10xas long as short
QFEX SKHY-USD−0.0028%1h184.84+0.571%$1.2M$4.3M10xas long as short
Variational Omni SKHY−0.0022%8h184.84+0.570%$1.6M$1.0Mas long as short
Show all 31 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aster SKHYUSDT0.0000%8h184.64+0.462%$265K$951K50xas long as short
Bybit SKHYUSDT0.0000%8h184.83+0.566%$16.0M$33.3M100xas long as short
OKX SKHY-USDT-SWAP0.0000%8h184.85+0.577%$43.7M$81.7M50xas long as short
Gate SKHY_USDT0.0000%8h184.80+0.550%$25.5M$21.8M75xas long as short
SunX SKHY-USDT0.0000%8h185.08+0.702%$677$5.9M10xas long as short
Deribit SKHY_USDC-PERPETUAL0.0000%1h184.94+0.626%$47K$354K10xas long as short
HTX SKHY-USDT0.0000%8h184.72+0.506%$153K$375K50xas long as short
Phemex SKHYUSDT0.0000%8h184.88+0.593%$1.5M$1.1M10xas long as short
Coinbase International SKHY-PERP-INTXlong+0.0024%1h183.79long leg$66K$750K10x
Lighter SKHY+0.0032%1h184.81+0.555%$982K$1.3M10xas long as short
Lighter RH SKHY+0.0032%1h184.77+0.533%$1.1M$1.5M10xas long as short
Ondo Perps SKHY-USD.P+0.0039%1h184.81+0.555%$510K$2.6M10xas long as short
Arcus SKHY-USD+0.0040%1h184.70+0.495%$59K$173K10xas long as short
Vest SKHY-USD-PERP+0.0046%1h184.74+0.517%$38K10xas long as short
Popdex SKHYUSDTshort+0.0048%1h184.80+0.550%$199K$295K20x
Polymarket Perps SKHY-USD+0.0050%1h184.75+0.522%$179K$451K10xas long as short
SoDEX SKHY-USD+0.0050%1h184.76+0.528%$41K$12K10xas long as short
BloFin SKHY-USDT+0.0067%8h184.83+0.566%$2.1M$446K50xas long as short
Orderly PERP_SKHY_USDC_mythos+0.0100%8h184.76+0.528%$2K$4K10xas long as short
Kraken Futures PF_SKHYUSD+0.0171%1h184.94+0.627%$48K$20K20xas long as short
Phoenix SKHY+0.0215%1h184.57+0.424%$207K$123K10xas long as short