Funding arb · Price arb /

SKHY

RWAall SKHY markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Variational Omni against Gate+0.174%7-day average +0.030% · you sell dearer than you buy

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

Long on Gate Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.025%+$3 on $10k

Price spread, last 7 days−0.147%−$15 · spread now +0.174%, 7d avg +0.030%

Together, before fees−0.122%+ Points / potential airdropVariational Omni: Active · farm board−$12 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Variational Omni is 0.144% dearer against Gate than usual: you sell high and buy low, +$14 on $10k if it goes back to its 7-day average of +0.030%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate SKHY_USDT	190.46	0	get 0.0000% / 8h	3h 44m	$25.6M	$19.3M	75x
Short	Variational Omni SKHY	190.79	0	get 0.0000% / 8h	3h 44m	$1.6M	$1.1M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni 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 Variational OmnibpOrdersPrice spread, now +0.174%Rate

Funding earned: $0
Price spread: +0.174% → +0.030%: $14.38
Slippage, 4 orders: no order book: not counted
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$0.62
Costs to cover: 0.150%
Break-even: never at this rate

Slippage unknown: Gate: live order book, 4 min ago; Variational Omni: RFQ quote, 4 min ago. 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	1.57 bp	12.1 bp −$12	22.0 bp −$220	28.8 bp −$2,883	56.0 bp −$28.0K
Sell Variational Omni RFQ quote, 4 min ago	2.23 bp	doesn't fit	3.3 bp −$33	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 SKHYUSDC	−0.0765%	4h	190.76	+0.158%	$575K	$291K	10x	as long as short
Coinbase International SKHY-PERP-INTX	−0.0104%	1h	192.84	+1.250%	$45K	$861K	10x	as long as short
Aster SKHYUSDT	0.0000%	8h	190.75	+0.151%	$248K	$891K	50x	as long as short
Extended SKHY-USD	0.0000%	1h	190.46	+0.002%	$56K	$7K	10x	as long as short
Binance SKHYUSDT	0.0000%	8h	190.52	+0.032%	$200.3M	$402.1M	50x	as long as short
Bybit SKHYUSDT	0.0000%	8h	190.60	+0.074%	$15.4M	$28.4M	100x	as long as short
OKX SKHY-USDT-SWAP	0.0000%	8h	190.45	−0.005%	$45.8M	$72.5M	50x	as long as short
Gate SKHY_USDTlong	0.0000%	8h	190.46	long leg	$25.6M	$19.3M	75x
Bitget SKHYUSDT	0.0000%	8h	190.62	+0.084%	$24.4M	$28.2M	20x	as long as short
Variational Omni SKHYshort	0.0000%	8h	190.79	+0.174%	$1.6M	$1.1M	—

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT SKHY_USDT_Perp	0.0000%	8h	190.60	+0.074%	$22K	$209K	10x	as long as short
SunX SKHY-USDT	0.0000%	8h	190.73	+0.142%	$698	$6.2M	10x	as long as short
HTX SKHY-USDT	0.0000%	8h	190.33	−0.068%	$159K	$369K	50x	as long as short
Phemex SKHYUSDT	0.0000%	8h	190.70	+0.126%	$1.5M	$1.1M	10x	as long as short
tradeXYZ xyz:SKHY	+0.0003%	1h	190.48	+0.011%	$159.3M	$69.0M	10x	as long as short
QFEX SKHY-USD	+0.0011%	1h	190.67	+0.110%	$1.2M	$4.0M	10x	as long as short
Lighter SKHY	+0.0032%	1h	190.49	+0.016%	$1.0M	$691K	10x	as long as short
Lighter RH SKHY	+0.0032%	1h	190.49	+0.016%	$1.1M	$1.4M	10x	as long as short
Arcus SKHY-USD	+0.0040%	1h	190.67	+0.110%	$59K	$164K	10x	as long as short
Vest SKHY-USD-PERP	+0.0046%	1h	190.44	−0.011%	—	$12K	10x	as long as short
Popdex SKHYUSDT	+0.0048%	1h	190.66	+0.105%	$200K	$257K	20x	as long as short
Polymarket Perps SKHY-USD	+0.0050%	1h	190.31	−0.079%	$182K	$460K	10x	as long as short
SoDEX SKHY-USD	+0.0050%	1h	190.45	−0.005%	$42K	$13K	10x	as long as short
Ondo Perps SKHY-USD.P	+0.0050%	1h	190.52	+0.032%	$576K	$2.6M	10x	as long as short
Deribit SKHY_USDC-PERPETUAL	+0.0065%	1h	190.42	−0.021%	$48K	$325K	10x	as long as short
KuCoin SKHYUSDTM	+0.0100%	8h	190.63	+0.089%	$1.1M	$321K	20x	as long as short
Orderly PERP_SKHY_USDC_mythos	+0.0100%	8h	190.55	+0.047%	$2K	$4K	10x	as long as short
Nado SKHY-PERP	+0.0119%	1h	190.43	−0.014%	$34K	$28K	10x	as long as short
BloFin SKHY-USDT	+0.0120%	8h	190.63	+0.089%	$2.2M	$436K	50x	as long as short
Phoenix SKHY	+0.0375%	1h	191.05	+0.310%	$214K	$124K	10x	as long as short
Kraken Futures PF_SKHYUSD	+0.0688%	1h	190.47	+0.005%	$48K	$19K	20x	as long as short