Funding arb · Price arb /

SKHY

RWAall SKHY markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.1089%/8h= +119.2% APRpaid last 24h +0.175%

Price spread now: Kraken Futures against edgeX+0.226%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on edgeX Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days−0.007%−$1 on $10k

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropedgeX: Active · farm boardneeds both histories

Both sides work for this trade now. Funding pays +$33 a day on $10k at the current rate, and Kraken Futures is 0.226% dearer against edgeX than usual: you sell high and buy low: +$23 more if the spread goes back to zero (this spread has no 7-day history yet).

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.007% in total (about -0.3% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	edgeX SKHYUSDC	192.39	−0.0382	get 0.0191% / 4h	2h 14m	$580K	$291K	10x
Short	Kraken Futures PF_SKHYUSD	192.82	0.0707	get 0.0088% / 1h	14m 38s	$51K	$17K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures 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 Kraken FuturesbpOrdersPrice spread, now +0.226%Rate

Funding earned: $228.65
Price spread: +0.226% → 0.000%: $22.56
Slippage, 4 orders: no order book: not counted
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: $232.22
Costs to cover: 0.190%
Break-even: from the start

Slippage unknown: edgeX: live order book, 54 min ago; Kraken Futures: no order-book sample. Net counts fees only.

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, 54 min ago	1.03 bp	6.0 bp −$6	11.0 bp −$110	doesn't fit	doesn't fit
Sell Kraken Futures no order-book sample	—	—	—	—	—

Kraken Futures: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	−0.0382%	4h	192.39	long leg	$580K	$291K	10x
Coinbase International SKHY-PERP-INTX	−0.0072%	1h	192.90	+0.267%	$45K	$874K	10x	as long as short
Aster SKHYUSDT	0.0000%	8h	192.70	+0.164%	$248K	$890K	50x	as long as short
Extended SKHY-USD	0.0000%	1h	192.67	+0.149%	$56K	$7K	10x	as long as short
Binance SKHYUSDT	0.0000%	8h	192.73	+0.179%	$208.9M	$386.2M	50x	as long as short
Bybit SKHYUSDT	0.0000%	8h	192.79	+0.210%	$15.7M	$27.3M	100x	as long as short
OKX SKHY-USDT-SWAP	0.0000%	8h	192.77	+0.200%	$46.7M	$69.1M	50x	as long as short
Gate SKHY_USDT	0.0000%	8h	192.71	+0.168%	$25.8M	$18.9M	75x	as long as short
Variational Omni SKHY	0.0000%	8h	192.55	+0.085%	$1.6M	$1.9M	—	as long as short
GRVT SKHY_USDT_Perp	0.0000%	8h	192.44	+0.026%	$22K	$192K	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	193.05	+0.345%	$707	$6.5M	10x	as long as short
HTX SKHY-USDT	0.0000%	8h	192.70	+0.163%	$160K	$371K	50x	as long as short
Phemex SKHYUSDT	0.0000%	8h	192.66	+0.143%	$1.5M	$1.1M	10x	as long as short
QFEX SKHY-USD	+0.0002%	1h	192.66	+0.143%	$1.2M	$4.4M	10x	as long as short
Deribit SKHY_USDC-PERPETUAL	+0.0010%	1h	192.70	+0.163%	$48K	$272K	10x	as long as short
Lighter SKHY	+0.0032%	1h	192.61	+0.117%	$1.0M	$687K	10x	as long as short
Lighter RH SKHY	+0.0032%	1h	192.62	+0.122%	$1.1M	$1.5M	10x	as long as short
Nado SKHY-PERP	+0.0040%	1h	192.75	+0.188%	$38K	$26K	10x	as long as short
Arcus SKHY-USD	+0.0040%	1h	192.59	+0.106%	$57K	$155K	10x	as long as short
Vest SKHY-USD-PERP	+0.0046%	1h	192.66	+0.143%	—	$12K	10x	as long as short
Popdex SKHYUSDT	+0.0048%	1h	192.73	+0.179%	$198K	$256K	20x	as long as short
tradeXYZ xyz:SKHY	+0.0050%	1h	192.66	+0.143%	$162.1M	$66.4M	10x	as long as short
Polymarket Perps SKHY-USD	+0.0050%	1h	192.64	+0.132%	$188K	$456K	10x	as long as short
SoDEX SKHY-USD	+0.0050%	1h	192.63	+0.127%	$43K	$13K	10x	as long as short
Ondo Perps SKHY-USD.P	+0.0050%	1h	192.67	+0.148%	$531K	$1.9M	10x	as long as short
KuCoin SKHYUSDTM	+0.0100%	8h	192.68	+0.153%	$1.1M	$285K	20x	as long as short
Orderly PERP_SKHY_USDC_mythos	+0.0100%	8h	192.68	+0.153%	$2K	$4K	10x	as long as short
Bitget SKHYUSDT	+0.0246%	8h	192.75	+0.189%	$25.5M	$26.3M	20x	as long as short
Phoenix SKHY	+0.0331%	1h	192.48	+0.049%	$216K	$123K	10x	as long as short
Kraken Futures PF_SKHYUSDshort	+0.0707%	1h	192.82	+0.226%	$51K	$17K	20x