Funding arb · Price arb /

SKHY

RWAall SKHY markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0361%/8h= +39.5% APRpaid last 24h +0.163%

Price spread now: QFEX against edgeX+0.186%57s7-day average −0.009% · you sell dearer than you buy

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

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$350.353% of the position

Long on edgeX Short on QFEX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.308%−$31 on $10k

Price spread, last 4 days (all we have)−0.318%−$32 · spread now +0.186%, 7d avg −0.009%

Together, before fees−0.627%+ Points / potential airdropedgeX: Active · farm board−$63 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$11 a day on $10k at the current rate, and QFEX is 0.195% dearer against edgeX than usual: you sell high and buy low: +$19 more if the spread goes back to its 7-day average of −0.009%. Mind the row above: over the last 4 days funding on this pair cost −0.308%, so the current rate has only just turned in your favour. The two prices were read 57 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	edgeX SKHYUSDC	187.52	−0.0375	get 0.0188% / 4h	2h 08m	$565K	$290K	10x
Short	QFEX SKHY-USD	187.87	−0.0014	pay 0.0002% / 1h	8m 01s	$1.2M	$4.1M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

QFEX 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 QFEXbpOrdersPrice spread, now +0.186%Rate

Funding earned: $75.84
Price spread: +0.186% → −0.009%: $19.5
Slippage, 4 orders: −$16.31
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee QFEX: 5 bp × 2 orders: −$10
Net: $60.02
Costs to cover: 0.353%
Break-even: 1.5 days

Slippage from edgeX: live order book, 41 min ago; QFEX: live order book, 6 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, 41 min ago	5.56 bp	11.0 bp −$11	15.1 bp −$151	doesn't fit	doesn't fit
Sell QFEX live order book, 6 min ago	1.87 bp	6.9 bp −$7	8.1 bp −$81	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
Bitget SKHYUSDT	−0.1192%	8h	188.00	+0.255%	$25.1M	$31.4M	20x	as long as short
Deribit SKHY_USDC-PERPETUAL	−0.0388%	1h	187.92	+0.212%	$48K	$336K	10x	as long as short
edgeX SKHYUSDClong	−0.0375%	4h	187.52	long leg	$565K	$290K	10x
Nado SKHY-PERP	−0.0146%	1h	188.00	+0.257%	$33K	$28K	10x	as long as short
tradeXYZ xyz:SKHY	−0.0120%	1h	187.94	+0.223%	$159.5M	$74.1M	10x	as long as short
Polymarket Perps SKHY-USD	−0.0095%	1h	187.78	+0.138%	$181K	$487K	10x	as long as short
Coinbase International SKHY-PERP-INTX	−0.0024%	1h	187.32	−0.108%	$61K	$897K	10x	as long as short
QFEX SKHY-USDshort	−0.0014%	1h	187.87	+0.186%	$1.2M	$4.1M	10x
Ondo Perps SKHY-USD.P	−0.0010%	1h	187.65	+0.068%	$516K	$2.6M	10x	as long as short
Lighter SKHY	−0.0008%	1h	187.86	+0.180%	$931K	$1.1M	10x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster SKHYUSDT	0.0000%	8h	187.96	+0.234%	$229K	$916K	50x	as long as short
Extended SKHY-USD	0.0000%	1h	187.89	+0.194%	$55K	$7K	10x	as long as short
Binance SKHYUSDT	0.0000%	8h	187.98	+0.244%	$201.6M	$434.3M	50x	as long as short
Bybit SKHYUSDT	0.0000%	8h	187.98	+0.244%	$15.9M	$30.3M	100x	as long as short
OKX SKHY-USDT-SWAP	0.0000%	8h	187.96	+0.234%	$44.8M	$77.5M	50x	as long as short
Gate SKHY_USDT	0.0000%	8h	187.92	+0.212%	$25.3M	$20.8M	75x	as long as short
Variational Omni SKHY	0.0000%	8h	187.51	−0.005%	$1.6M	$1.0M	—	as long as short
GRVT SKHY_USDT_Perp	0.0000%	8h	187.67	+0.077%	$22K	$223K	10x	as long as short
SunX SKHY-USDT	0.0000%	8h	188.10	+0.308%	$688	$6.2M	10x	as long as short
HTX SKHY-USDT	0.0000%	8h	187.71	+0.100%	$156K	$371K	50x	as long as short
Phemex SKHYUSDT	0.0000%	8h	187.88	+0.191%	$1.5M	$1.1M	10x	as long as short
Popdex SKHYUSDT	+0.0024%	1h	187.93	+0.218%	$197K	$273K	20x	as long as short
Lighter RH SKHY	+0.0032%	1h	187.83	+0.164%	$1.1M	$1.6M	10x	as long as short
Arcus SKHY-USD	+0.0040%	1h	187.52	−0.001%	$58K	$164K	10x	as long as short
Vest SKHY-USD-PERP	+0.0046%	1h	187.94	+0.223%	—	$12K	10x	as long as short
SoDEX SKHY-USD	+0.0050%	1h	187.80	+0.148%	$41K	$13K	10x	as long as short
KuCoin SKHYUSDTM	+0.0100%	8h	187.90	+0.202%	$1.1M	$323K	20x	as long as short
Orderly PERP_SKHY_USDC_mythos	+0.0100%	8h	187.91	+0.207%	$2K	$4K	10x	as long as short
BloFin SKHY-USDT	+0.0120%	8h	187.68	+0.084%	$2.1M	$416K	50x	as long as short
Phoenix SKHY	+0.0254%	1h	188.02	+0.266%	$211K	$124K	10x	as long as short
Kraken Futures PF_SKHYUSD	+0.0260%	1h	187.95	+0.226%	$47K	$19K	20x	as long as short