Funding arb · Price arb /

SKHY

RWAall SKHY markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0050%/8h= +5.5% APRpaid last 24h +0.015%

Price spread now: SoDEX against Gate−0.070%7-day average — · you buy dearer than you sell

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

Long on Gate Short on SoDEX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

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

Together, before fees—needs both histories

Funding pays, the price is against you. SoDEX is 0.070% cheaper against Gate than usual: you would sell low and buy high (spread −0.070% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$7 on $10k: about 4.7 days of funding at the current rate (+$2 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate SKHY_USDT	184.89	0	get 0.0000% / 8h	7h 19m	$25.5M	$21.8M	75x
Short	SoDEX SKHY-USD	184.76	0.0050	get 0.0006% / 1h	19m 36s	$41K	$12K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SoDEX 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 SoDEXbpOrdersPrice spread, now −0.070%Rate

Funding earned: $10.5
Price spread: −0.070% → 0.000%: −$7.03
Slippage, 4 orders: no order book: not counted
Fee Gate: 7.5 bp × 2 orders: −$15
Fee SoDEX: 4 bp × 2 orders: −$8
Net: −$19.53
Costs to cover: 0.230%
Break-even: 20.0 days

Slippage unknown: Gate: live order book, 4 min ago; SoDEX: 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 Gate live order book, 4 min ago	1.36 bp	10.5 bp −$11	22.2 bp −$222	31.4 bp −$3,138	56.0 bp −$28.0K
Sell SoDEX no order-book sample	—	—	—	—	—

SoDEX: 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 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	−0.1144%	8h	185.06	+0.092%	$25.5M	$35.2M	20x	as long as short
edgeX SKHYUSDC	−0.0642%	4h	184.75	−0.078%	$557K	$290K	10x	as long as short
KuCoin SKHYUSDTM	−0.0243%	8h	184.80	−0.049%	$1.1M	$376K	20x	as long as short
tradeXYZ xyz:SKHY	−0.0051%	1h	184.92	+0.016%	$156.7M	$78.0M	10x	as long as short
GRVT SKHY_USDT_Perp	−0.0050%	8h	184.75	−0.077%	$22K	$246K	10x	as long as short
Extended SKHY-USD	−0.0048%	1h	184.89	+0.001%	$54K	$7K	10x	as long as short
Binance SKHYUSDT	−0.0041%	8h	184.93	+0.022%	$196.1M	$465.1M	50x	as long as short
Nado SKHY-PERP	−0.0030%	1h	184.95	+0.034%	$32K	$28K	10x	as long as short
QFEX SKHY-USD	−0.0028%	1h	184.96	+0.038%	$1.2M	$4.3M	10x	as long as short
Variational Omni SKHY	−0.0022%	8h	184.84	−0.028%	$1.6M	$1.0M	—	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	184.68	−0.116%	$265K	$951K	50x	as long as short
Bybit SKHYUSDT	0.0000%	8h	184.95	+0.032%	$16.0M	$33.3M	100x	as long as short
OKX SKHY-USDT-SWAP	0.0000%	8h	184.96	+0.038%	$43.8M	$81.8M	50x	as long as short
Gate SKHY_USDTlong	0.0000%	8h	184.89	long leg	$25.5M	$21.8M	75x
SunX SKHY-USDT	0.0000%	8h	185.08	+0.103%	$677	$5.9M	10x	as long as short
Deribit SKHY_USDC-PERPETUAL	0.0000%	1h	184.94	+0.027%	$47K	$354K	10x	as long as short
HTX SKHY-USDT	0.0000%	8h	184.72	−0.092%	$153K	$375K	50x	as long as short
Phemex SKHYUSDT	0.0000%	8h	184.88	−0.005%	$1.5M	$1.1M	10x	as long as short
Coinbase International SKHY-PERP-INTX	+0.0024%	1h	183.79	−0.595%	$66K	$750K	10x	as long as short
Lighter SKHY	+0.0032%	1h	184.94	+0.027%	$983K	$1.3M	10x	as long as short
Lighter RH SKHY	+0.0032%	1h	184.88	−0.005%	$1.1M	$1.5M	10x	as long as short
Arcus SKHY-USD	+0.0040%	1h	184.88	−0.005%	$59K	$173K	10x	as long as short
Ondo Perps SKHY-USD.P	+0.0046%	1h	184.88	−0.005%	$510K	$2.6M	10x	as long as short
Vest SKHY-USD-PERP	+0.0046%	1h	184.74	−0.081%	—	$38K	10x	as long as short
Popdex SKHYUSDT	+0.0048%	1h	184.98	+0.049%	$199K	$295K	20x	as long as short
Polymarket Perps SKHY-USD	+0.0050%	1h	184.75	−0.076%	$179K	$451K	10x	as long as short
SoDEX SKHY-USDshort	+0.0050%	1h	184.76	−0.070%	$41K	$12K	10x
BloFin SKHY-USDT	+0.0067%	8h	184.83	−0.032%	$2.1M	$446K	50x	as long as short
Orderly PERP_SKHY_USDC_mythos	+0.0100%	8h	184.76	−0.070%	$2K	$4K	10x	as long as short
Kraken Futures PF_SKHYUSD	+0.0171%	1h	184.94	+0.029%	$48K	$20K	20x	as long as short
Phoenix SKHY	+0.0215%	1h	184.57	−0.173%	$207K	$123K	10x	as long as short