Funding arb · Price arb /

SKHY

RWAall SKHY markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0104%/8h= −11.4% APRpaid last 24h +0.008%

Price spread now: Coinbase International against HTX+1.255%7-day average +0.139% · you sell dearer than you buy

Net, funding: paid 7d − costs−$52as in the Funding arb table

Net, price: spread back to 7d avg − costs+$68as in the Price arb table

costs, in and out, $10k−$440.438% of the position

Long on HTX Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days−0.086%−$9 on $10k

Price spread, last 4 days (all we have)−1.143%−$114 · spread now +1.255%, 7d avg +0.139%

Together, before fees−1.229%−$123 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Coinbase International is 1.116% dearer against HTX than usual: you sell high and buy low (spread +1.255% now, against its 7-day average of +0.139%): +$112 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 36 days. At the pace of the last 7 days (−0.086% in total) that is about 3 months.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX SKHY-USDT	190.45	0	get 0.0000% / 8h	3h 40m	$159K	$369K	50x
Short	Coinbase International SKHY-PERP-INTX	192.84	−0.0104	pay 0.0013% / 1h	40m 41s	$45K	$861K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against HTX. 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 HTXbpFee Coinbase InternationalbpOrdersPrice spread, now +1.255%Rate

Funding earned: −$21.84
Price spread: +1.255% → +0.139%: $111.63
Slippage, 4 orders: −$21.79
Fee HTX: 6 bp × 2 orders: −$12
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: $46
Costs to cover: 0.438%
Break-even: from the start

Slippage from HTX: live order book, 12 min ago; Coinbase International: live order book, 13 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 HTX live order book, 12 min ago	1.83 bp	12.2 bp −$12	17.1 bp −$171	doesn't fit	doesn't fit
Sell Coinbase International live order book, 13 min ago	5.22 bp	10.2 bp −$10	14.9 bp −$149	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	−0.0981%	4h	190.66	+0.111%	$575K	$290K	10x	as long as short
Coinbase International SKHY-PERP-INTXshort	−0.0104%	1h	192.84	+1.255%	$45K	$861K	10x
Aster SKHYUSDT	0.0000%	8h	190.25	−0.104%	$247K	$893K	50x	as long as short
Extended SKHY-USD	0.0000%	1h	190.16	−0.150%	$55K	$7K	10x	as long as short
Binance SKHYUSDT	0.0000%	8h	190.22	−0.121%	$199.9M	$403.2M	50x	as long as short
Bybit SKHYUSDT	0.0000%	8h	190.20	−0.131%	$15.4M	$28.5M	100x	as long as short
OKX SKHY-USDT-SWAP	0.0000%	8h	190.21	−0.126%	$45.4M	$72.8M	50x	as long as short
Gate SKHY_USDT	0.0000%	8h	190.23	−0.116%	$25.6M	$19.4M	75x	as long as short
Bitget SKHYUSDT	0.0000%	8h	190.52	+0.037%	$24.4M	$28.3M	20x	as long as short
Variational Omni SKHY	0.0000%	8h	190.47	+0.011%	$1.6M	$1.1M	—	as long as short

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	190.68	+0.120%	$22K	$211K	10x	as long as short
SunX SKHY-USDT	0.0000%	8h	190.67	+0.116%	$698	$6.2M	10x	as long as short
Deribit SKHY_USDC-PERPETUAL	0.0000%	1h	190.39	−0.032%	$48K	$326K	10x	as long as short
HTX SKHY-USDTlong	0.0000%	8h	190.45	long leg	$159K	$369K	50x
Phemex SKHYUSDT	0.0000%	8h	190.61	+0.084%	$1.5M	$1.1M	10x	as long as short
tradeXYZ xyz:SKHY	+0.0004%	1h	190.13	−0.168%	$159.0M	$69.1M	10x	as long as short
QFEX SKHY-USD	+0.0011%	1h	190.42	−0.016%	$1.2M	$4.0M	10x	as long as short
Lighter SKHY	+0.0032%	1h	190.10	−0.184%	$1.0M	$691K	10x	as long as short
Lighter RH SKHY	+0.0032%	1h	190.12	−0.173%	$1.1M	$1.4M	10x	as long as short
Arcus SKHY-USD	+0.0040%	1h	190.54	+0.047%	$59K	$164K	10x	as long as short
Vest SKHY-USD-PERP	+0.0046%	1h	190.51	+0.032%	—	$12K	10x	as long as short
Popdex SKHYUSDT	+0.0048%	1h	190.52	+0.037%	$200K	$257K	20x	as long as short
Polymarket Perps SKHY-USD	+0.0050%	1h	190.38	−0.037%	$182K	$460K	10x	as long as short
SoDEX SKHY-USD	+0.0050%	1h	190.36	−0.047%	$42K	$13K	10x	as long as short
Ondo Perps SKHY-USD.P	+0.0050%	1h	190.43	−0.011%	$563K	$2.6M	10x	as long as short
KuCoin SKHYUSDTM	+0.0100%	8h	190.24	−0.110%	$1.1M	$320K	20x	as long as short
Orderly PERP_SKHY_USDC_mythos	+0.0100%	8h	190.41	−0.021%	$2K	$4K	10x	as long as short
Nado SKHY-PERP	+0.0105%	1h	190.63	+0.097%	$34K	$28K	10x	as long as short
BloFin SKHY-USDT	+0.0120%	8h	190.36	−0.047%	$2.2M	$435K	50x	as long as short
Phoenix SKHY	+0.0375%	1h	190.77	+0.168%	$214K	$124K	10x	as long as short
Kraken Futures PF_SKHYUSD	+0.0688%	1h	190.50	+0.029%	$48K	$19K	20x	as long as short