Funding arb · Price arb /

SKHY

RWAall SKHY markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC−0.0123%/8h= −13.5% APRpaid last 24h −0.016%

Price spread now: Deribit against Gate+0.091%7-day average +0.035% · 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−$46as in the Price arb table

costs, in and out, $10k−$520.515% of the position

Long on Gate Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.023%−$2 on $10k

Price spread, last 4 days (all we have)−0.047%−$5 · spread now +0.091%, 7d avg +0.035%

Together, before fees−0.070%−$7 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Deribit is 0.056% dearer against Gate than usual: you sell high and buy low (spread +0.091% now, against its 7-day average of +0.035%): +$6 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 36 hours. At the pace of the last 4 days (−0.023% in total) that is about 9.9 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate SKHY_USDT	187.42	0	get 0.0000% / 8h	4h 43m	$25.3M	$21.4M	75x
Short	Deribit SKHY_USDC-PERPETUAL	187.59	−0.0123	pay 0.0015% / 1h	43m 48s	$52K	$493K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit against Gate. 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 GatebpFee DeribitbpOrdersPrice spread, now +0.091%Rate

Funding earned: −$25.83
Price spread: +0.091% → +0.035%: $5.59
Slippage, 4 orders: −$29.54
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$71.78
Costs to cover: 0.515%
Break-even: never at this rate

Slippage from Gate: live order book, 3 min ago; Deribit: live order book, 63 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 Gate live order book, 3 min ago	1.07 bp	10.3 bp −$10	17.2 bp −$172	27.3 bp −$2,731	51.3 bp −$25.7K
Sell Deribit live order book, 63 min ago	5.59 bp	9.6 bp −$10	13.3 bp −$133	doesn't fit	doesn't fit

SKHY on 31 exchanges

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
Kraken Futures PF_SKHYUSD	−0.2060%	1h	187.35	−0.038%	$50K	$37K	20x	as long as short
edgeX SKHYUSDC	−0.0583%	4h	187.39	−0.015%	$565K	$287K	10x	as long as short
KuCoin SKHYUSDTM	−0.0212%	8h	187.43	+0.005%	$1.1M	$526K	20x	as long as short
Bitget SKHYUSDT	−0.0211%	8h	187.54	+0.064%	$26.0M	$36.7M	20x	as long as short
Deribit SKHY_USDC-PERPETUALshort	−0.0123%	1h	187.59	+0.091%	$52K	$493K	10x
Coinbase International SKHY-PERP-INTX	−0.0096%	1h	187.55	+0.069%	$110K	$729K	10x	as long as short
Nado SKHY-PERP	−0.0079%	1h	187.69	+0.142%	$32K	$28K	10x	as long as short
Binance SKHYUSDT	−0.0017%	8h	187.49	+0.037%	$197.1M	$473.8M	50x	as long as short
Extended SKHY-USD	−0.0016%	1h	187.45	+0.018%	$55K	$7K	10x	as long as short
QFEX SKHY-USD	−0.0013%	1h	187.52	+0.053%	$1.2M	$4.2M	10x	as long as short

Show all 31 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
tradeXYZ xyz:SKHY	−0.0012%	1h	187.47	+0.027%	$158.5M	$77.4M	10x	as long as short
Aster SKHYUSDT	0.0000%	8h	187.45	+0.017%	$258K	$919K	50x	as long as short
Bybit SKHYUSDT	0.0000%	8h	187.51	+0.048%	$16.4M	$34.0M	100x	as long as short
OKX SKHY-USDT-SWAP	0.0000%	8h	187.56	+0.075%	$44.5M	$85.8M	50x	as long as short
Gate SKHY_USDTlong	0.0000%	8h	187.42	long leg	$25.3M	$21.4M	75x
Variational Omni SKHY	0.0000%	8h	187.38	−0.023%	$1.5M	$948K	—	as long as short
GRVT SKHY_USDT_Perp	0.0000%	8h	187.38	−0.021%	$22K	$258K	10x	as long as short
SunX SKHY-USDT	0.0000%	8h	187.90	+0.256%	$688	$5.3M	10x	as long as short
HTX SKHY-USDT	0.0000%	8h	187.57	+0.080%	$154K	$384K	50x	as long as short
Phemex SKHYUSDT	0.0000%	8h	187.47	+0.027%	$1.5M	$1.1M	10x	as long as short
Lighter SKHY	+0.0032%	1h	187.46	+0.021%	$980K	$1.4M	10x	as long as short
Lighter RH SKHY	+0.0032%	1h	187.41	−0.005%	$1.1M	$1.5M	10x	as long as short
Arcus SKHY-USD	+0.0040%	1h	187.55	+0.069%	$60K	$131K	10x	as long as short
Vest SKHY-USD-PERP	+0.0046%	1h	187.52	+0.053%	—	$40K	10x	as long as short
Popdex SKHYUSDT	+0.0048%	1h	187.62	+0.107%	$202K	$319K	20x	as long as short
Polymarket Perps SKHY-USD	+0.0050%	1h	187.66	+0.128%	$182K	$342K	10x	as long as short
SoDEX SKHY-USD	+0.0050%	1h	187.53	+0.059%	$41K	$12K	10x	as long as short
Ondo Perps SKHY-USD.P	+0.0050%	1h	187.56	+0.075%	$523K	$2.5M	10x	as long as short
Orderly PERP_SKHY_USDC_mythos	+0.0100%	8h	187.61	+0.101%	$2K	$4K	10x	as long as short
BloFin SKHY-USDT	+0.0103%	8h	187.51	+0.048%	$2.2M	$495K	50x	as long as short
Phoenix SKHY	+0.0298%	1h	187.78	+0.192%	$210K	$123K	10x	as long as short