Funding arb · Price arb /

SKHY

RWAall SKHY markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0168%/8h= +18.4% APRpaid last 24h +0.097%

Price spread now: Deribit against edgeX−0.035%7-day average +0.028% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$46as in the Price arb table

costs, in and out, $10k−$400.401% of the position

Long on edgeX Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.482%−$48 on $10k

Price spread, last 3 days (all we have)+0.053%+$5 · spread now −0.035%, 7d avg +0.028%

Together, before fees−0.429%+ Points / potential airdropedgeX: Active · farm board−$43 on $10k · with fees, hour by hour

Funding pays, the price is against you. Deribit is 0.063% cheaper against edgeX than usual: you would sell low and buy high (spread −0.035% now, against its 7-day average of +0.028%). If the spread goes back, that is −$6 on $10k: about 30 hours of funding at the current rate (+$5 a day). Mind the row above: over the last 4 days funding on this pair cost −0.482%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	edgeX SKHYUSDC	193.03	−0.0107	get 0.0053% / 4h	1h 49m	$582K	$290K	10x
Short	Deribit SKHY_USDC-PERPETUAL	192.96	0.0061	get 0.0008% / 1h	49m 22s	$48K	$285K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit against edgeX. 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 edgeXbpFee DeribitbpOrdersPrice spread, now −0.035%Rate

Funding earned: $35.2
Price spread: −0.035% → +0.028%: −$6.31
Slippage, 4 orders: −$24.09
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$11.2
Costs to cover: 0.401%
Break-even: 9.2 days

Slippage from edgeX: live order book, 14 min ago; Deribit: live order book, 14 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 edgeX live order book, 14 min ago	1.04 bp	5.8 bp −$6	11.3 bp −$113	doesn't fit	doesn't fit
Sell Deribit live order book, 14 min ago	5.96 bp	17.1 bp −$17	20.2 bp −$202	doesn't fit	doesn't fit

SKHY on 30 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 SKHYUSDClong	−0.0107%	4h	193.03	long leg	$582K	$290K	10x
Coinbase International SKHY-PERP-INTX	−0.0032%	1h	192.90	−0.066%	$45K	$874K	10x	as long as short
Aster SKHYUSDT	0.0000%	8h	192.80	−0.116%	$248K	$890K	50x	as long as short
Extended SKHY-USD	0.0000%	1h	192.82	−0.108%	$56K	$7K	10x	as long as short
Binance SKHYUSDT	0.0000%	8h	192.86	−0.087%	$208.3M	$385.3M	50x	as long as short
Bybit SKHYUSDT	0.0000%	8h	192.89	−0.072%	$15.7M	$27.3M	100x	as long as short
OKX SKHY-USDT-SWAP	0.0000%	8h	192.91	−0.061%	$46.9M	$69.2M	50x	as long as short
Gate SKHY_USDT	0.0000%	8h	192.82	−0.108%	$25.8M	$18.9M	75x	as long as short
Variational Omni SKHY	0.0000%	8h	193.08	+0.026%	$1.6M	$1.3M	—	as long as short
GRVT SKHY_USDT_Perp	0.0000%	8h	193.09	+0.032%	$22K	$193K	10x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX SKHY-USDT	0.0000%	8h	193.23	+0.105%	$707	$6.4M	10x	as long as short
HTX SKHY-USDT	0.0000%	8h	192.88	−0.077%	$160K	$368K	50x	as long as short
Phemex SKHYUSDT	0.0000%	8h	192.89	−0.072%	$1.5M	$1.1M	10x	as long as short
QFEX SKHY-USD	+0.0004%	1h	192.85	−0.092%	$1.2M	$4.3M	10x	as long as short
Lighter SKHY	+0.0032%	1h	192.81	−0.113%	$1.0M	$685K	10x	as long as short
Lighter RH SKHY	+0.0032%	1h	192.87	−0.082%	$1.1M	$1.5M	10x	as long as short
Arcus SKHY-USD	+0.0040%	1h	192.99	−0.020%	$57K	$154K	10x	as long as short
Vest SKHY-USD-PERP	+0.0046%	1h	192.91	−0.061%	—	$11K	10x	as long as short
Popdex SKHYUSDT	+0.0048%	1h	192.91	−0.061%	$198K	$255K	20x	as long as short
tradeXYZ xyz:SKHY	+0.0050%	1h	192.79	−0.123%	$162.0M	$66.3M	10x	as long as short
Polymarket Perps SKHY-USD	+0.0050%	1h	192.78	−0.129%	$188K	$456K	10x	as long as short
SoDEX SKHY-USD	+0.0050%	1h	192.93	−0.051%	$43K	$13K	10x	as long as short
Ondo Perps SKHY-USD.P	+0.0050%	1h	192.91	−0.061%	$569K	$2.1M	10x	as long as short
Deribit SKHY_USDC-PERPETUALshort	+0.0061%	1h	192.96	−0.035%	$48K	$285K	10x
KuCoin SKHYUSDTM	+0.0100%	8h	192.87	−0.082%	$1.1M	$290K	20x	as long as short
Orderly PERP_SKHY_USDC_mythos	+0.0100%	8h	192.88	−0.077%	$2K	$4K	10x	as long as short
Nado SKHY-PERP	+0.0127%	1h	192.85	−0.092%	$38K	$26K	10x	as long as short
Bitget SKHYUSDT	+0.0218%	8h	192.90	−0.066%	$25.6M	$26.4M	20x	as long as short
Phoenix SKHY	+0.0332%	1h	193.23	+0.105%	$216K	$124K	10x	as long as short
Kraken Futures PF_SKHYUSD	+0.0546%	1h	193.07	+0.020%	$51K	$17K	20x	as long as short