Funding arb · Price arb /

SKHY

RWAall SKHY markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0308%/8h= +33.7% APRpaid last 24h +0.105%

Price spread now: SunX against edgeX+0.153%74s7-day average +0.149% · you sell dearer than you buy

Net, funding: paid 7d − costs−$191as in the Funding arb table

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

costs, in and out, $10k−$1331.327% of the position

Long on edgeX Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.587%−$59 on $10k

Price spread, last 4 days (all we have)−0.035%−$3 · spread now +0.153%, 7d avg +0.149%

Together, before fees−0.621%+ Points / potential airdropedgeX: Active · farm board−$62 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.149%, so right now this pair is about funding alone: +$9 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair cost −0.587%, so the current rate has only just turned in your favour. The two prices were read 74 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	193.10	−0.0308	get 0.0154% / 4h	33m 56s	$582K	$290K	10x
Short	SunX SKHY-USDT	193.40	0	get 0.0000% / 8h	4h 33m	$708	$6.3M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now +0.153%Rate

Funding earned: $64.65
Price spread: +0.153% → +0.149%: $0.33
Slippage, 4 orders: −$115.71
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee SunX: 4 bp × 2 orders: −$8
Net: −$67.74
Costs to cover: 1.327%
Break-even: 14.3 days

Slippage from edgeX: live order book, 25 min ago; SunX: live order book, 5 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, 25 min ago	1.29 bp	6.2 bp −$6	11.8 bp −$118	doesn't fit	doesn't fit
Sell SunX live order book, 5 min ago	29.49 bp	72.4 bp −$72	doesn't fit	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 SKHYUSDClong	−0.0308%	4h	193.10	long leg	$582K	$290K	10x
Coinbase International SKHY-PERP-INTX	−0.0048%	1h	192.84	−0.137%	$45K	$861K	10x	as long as short
Aster SKHYUSDT	0.0000%	8h	193.15	+0.021%	$249K	$889K	50x	as long as short
Extended SKHY-USD	0.0000%	1h	193.15	+0.024%	$56K	$7K	10x	as long as short
Binance SKHYUSDT	0.0000%	8h	193.21	+0.054%	$204.4M	$392.9M	50x	as long as short
Bybit SKHYUSDT	0.0000%	8h	193.21	+0.054%	$15.7M	$27.5M	100x	as long as short
OKX SKHY-USDT-SWAP	0.0000%	8h	193.22	+0.060%	$46.7M	$69.9M	50x	as long as short
Gate SKHY_USDT	0.0000%	8h	193.18	+0.039%	$25.8M	$18.8M	75x	as long as short
Variational Omni SKHY	0.0000%	8h	193.08	−0.012%	$1.6M	$1.1M	—	as long as short
GRVT SKHY_USDT_Perp	0.0000%	8h	193.12	+0.008%	$23K	$201K	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-USDTshort	0.0000%	8h	193.40	+0.153%	$708	$6.3M	10x
HTX SKHY-USDT	0.0000%	8h	193.05	−0.028%	$161K	$367K	50x	as long as short
Phemex SKHYUSDT	0.0000%	8h	193.23	+0.065%	$1.5M	$1.1M	10x	as long as short
QFEX SKHY-USD	+0.0015%	1h	193.07	−0.018%	$1.2M	$4.1M	10x	as long as short
Lighter SKHY	+0.0032%	1h	193.07	−0.018%	$1.0M	$686K	10x	as long as short
Lighter RH SKHY	+0.0032%	1h	193.08	−0.013%	$1.1M	$1.6M	10x	as long as short
Arcus SKHY-USD	+0.0040%	1h	193.04	−0.034%	$57K	$154K	10x	as long as short
Vest SKHY-USD-PERP	+0.0046%	1h	193.07	−0.018%	—	$12K	10x	as long as short
Popdex SKHYUSDT	+0.0048%	1h	193.12	+0.008%	$201K	$255K	20x	as long as short
tradeXYZ xyz:SKHY	+0.0050%	1h	193.10	−0.003%	$161.5M	$67.7M	10x	as long as short
Polymarket Perps SKHY-USD	+0.0050%	1h	193.02	−0.044%	$189K	$456K	10x	as long as short
SoDEX SKHY-USD	+0.0050%	1h	193.13	+0.013%	$43K	$13K	10x	as long as short
Ondo Perps SKHY-USD.P	+0.0050%	1h	193.06	−0.023%	$574K	$2.3M	10x	as long as short
KuCoin SKHYUSDTM	+0.0100%	8h	193.12	+0.008%	$1.1M	$305K	20x	as long as short
Orderly PERP_SKHY_USDC_mythos	+0.0100%	8h	193.13	+0.013%	$2K	$4K	10x	as long as short
BloFin SKHY-USDT	+0.0120%	8h	193.10	−0.003%	$2.2M	$437K	50x	as long as short
Nado SKHY-PERP	+0.0138%	1h	193.09	−0.009%	$38K	$26K	10x	as long as short
Bitget SKHYUSDT	+0.0158%	8h	193.16	+0.028%	$25.3M	$26.9M	20x	as long as short
Deribit SKHY_USDC-PERPETUAL	+0.0216%	1h	193.20	+0.049%	$49K	$316K	10x	as long as short
Phoenix SKHY	+0.0372%	1h	193.09	−0.008%	$216K	$124K	10x	as long as short
Kraken Futures PF_SKHYUSD	+0.1057%	1h	193.22	+0.062%	$49K	$19K	20x	as long as short