Funding arb · Price arb /

SKHY

RWAall SKHY markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.1031%/8h= −112.9% APRpaid last 24h −0.174%

Price spread now: Bitget against Kraken Futures+0.095%7-day average — · you sell dearer than you buy

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

Long on Kraken Futures Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days−0.676%−$68 on $10k

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

Together, before fees—needs both histories

The price spread pays, funding is against you. Bitget is 0.095% dearer against Kraken Futures than usual: you sell high and buy low (spread +0.095% now, against zero (this spread has no 7-day history yet)): +$10 on $10k if it goes back. Holding the pair costs −$31 a day in funding at the current rate, which eats that in about 7 hours. At the pace of the last 7 days (−0.676% in total) that is about 24 hours.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.676% in total (about -35.3% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_SKHYUSD	188.84	0.0694	pay 0.0087% / 1h	4m 33s	$48K	$19K	20x
Short	Bitget SKHYUSDT	189.02	−0.0337	pay 0.0337% / 8h	3h 04m	$24.3M	$29.4M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against Kraken Futures. 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 Kraken FuturesbpFee BitgetbpOrdersPrice spread, now +0.095%Rate

Funding earned: −$216.46
Price spread: +0.095% → 0.000%: $9.51
Slippage, 4 orders: no order book: not counted
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$228.94
Costs to cover: 0.220%
Break-even: never at this rate

Slippage unknown: Kraken Futures: no order-book sample; Bitget: live order book, 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 Kraken Futures no order-book sample	—	—	—	—	—
Sell Bitget live order book, 4 min ago	0.53 bp	8.3 bp −$8	15.0 bp −$150	28.5 bp −$2,849	doesn't fit

Kraken Futures: 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 SKHYUSDTshort	−0.0337%	8h	189.02	+0.095%	$24.3M	$29.4M	20x
Coinbase International SKHY-PERP-INTX	−0.0104%	1h	189.86	+0.540%	$36K	$876K	10x	as long as short
edgeX SKHYUSDC	−0.0055%	4h	188.56	−0.148%	$568K	$290K	10x	as long as short
tradeXYZ xyz:SKHY	−0.0017%	1h	188.83	−0.005%	$158.4M	$70.1M	10x	as long as short
Aster SKHYUSDT	0.0000%	8h	188.99	+0.077%	$244K	$897K	50x	as long as short
Extended SKHY-USD	0.0000%	1h	188.87	+0.018%	$55K	$7K	10x	as long as short
Binance SKHYUSDT	0.0000%	8h	188.98	+0.074%	$199.4M	$412.3M	50x	as long as short
Bybit SKHYUSDT	0.0000%	8h	189.01	+0.090%	$15.4M	$29.1M	100x	as long as short
OKX SKHY-USDT-SWAP	0.0000%	8h	189.03	+0.100%	$44.8M	$73.8M	50x	as long as short
Gate SKHY_USDT	0.0000%	8h	188.90	+0.032%	$25.3M	$19.9M	75x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni SKHY	0.0000%	8h	188.92	+0.043%	$1.6M	$1.1M	—	as long as short
GRVT SKHY_USDT_Perp	0.0000%	8h	188.81	−0.014%	$22K	$216K	10x	as long as short
SunX SKHY-USDT	0.0000%	8h	189.07	+0.122%	$692	$6.2M	10x	as long as short
Deribit SKHY_USDC-PERPETUAL	0.0000%	1h	188.89	+0.026%	$48K	$330K	10x	as long as short
HTX SKHY-USDT	0.0000%	8h	188.72	−0.064%	$156K	$370K	50x	as long as short
Phemex SKHYUSDT	0.0000%	8h	188.96	+0.063%	$1.5M	$1.1M	10x	as long as short
Lighter SKHY	+0.0008%	1h	188.85	+0.005%	$995K	$747K	10x	as long as short
QFEX SKHY-USD	+0.0011%	1h	188.94	+0.053%	$1.2M	$4.1M	10x	as long as short
Nado SKHY-PERP	+0.0013%	1h	188.92	+0.042%	$33K	$28K	10x	as long as short
Lighter RH SKHY	+0.0032%	1h	188.76	−0.043%	$1.0M	$1.5M	10x	as long as short
Arcus SKHY-USD	+0.0040%	1h	188.81	−0.016%	$58K	$164K	10x	as long as short
Vest SKHY-USD-PERP	+0.0046%	1h	188.87	+0.016%	—	$12K	10x	as long as short
Popdex SKHYUSDT	+0.0048%	1h	188.96	+0.063%	$199K	$258K	20x	as long as short
Polymarket Perps SKHY-USD	+0.0050%	1h	188.69	−0.080%	$182K	$472K	10x	as long as short
SoDEX SKHY-USD	+0.0050%	1h	188.78	−0.032%	$42K	$13K	10x	as long as short
Ondo Perps SKHY-USD.P	+0.0050%	1h	188.78	−0.032%	$526K	$2.6M	10x	as long as short
KuCoin SKHYUSDTM	+0.0100%	8h	188.88	+0.021%	$1.1M	$312K	20x	as long as short
Orderly PERP_SKHY_USDC_mythos	+0.0100%	8h	188.87	+0.016%	$2K	$4K	10x	as long as short
BloFin SKHY-USDT	+0.0120%	8h	188.87	+0.016%	$2.2M	$438K	50x	as long as short
Phoenix SKHY	+0.0375%	1h	189.01	+0.090%	$212K	$124K	10x	as long as short
Kraken Futures PF_SKHYUSDlong	+0.0694%	1h	188.84	long leg	$48K	$19K	20x