Funding arb · Price arb /

SKHY

RWAall SKHY markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0266%/8h= +29.1% APRpaid last 24h −0.166%

Price spread now: HTX against Kraken Futures−0.064%7-day average — · you buy dearer than you sell

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

Long on Kraken Futures Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.723%−$72 on $10k

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. HTX is 0.064% cheaper against Kraken Futures than usual: you would sell low and buy high (spread −0.064% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$6 on $10k: about 19 hours of funding at the current rate (+$8 a day). Mind the row above: over the last 7 days funding on this pair cost −0.723%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_SKHYUSD	186.64	−0.0266	get 0.0033% / 1h	30m 50s	$48K	$21K	20x
Short	HTX SKHY-USDT	186.52	0	get 0.0000% / 8h	30m 50s	$155K	$363K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX 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 HTXbpOrdersPrice spread, now −0.064%Rate

Funding earned: $55.83
Price spread: −0.064% → 0.000%: −$6.39
Slippage, 4 orders: no order book: not counted
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee HTX: 6 bp × 2 orders: −$12
Net: $27.43
Costs to cover: 0.220%
Break-even: 3.6 days

Slippage unknown: Kraken Futures: no order-book sample; HTX: live order book, 7 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 HTX live order book, 7 min ago	2.68 bp	8.7 bp −$9	10.7 bp −$107	doesn't fit	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 SKHYUSDT	−0.1260%	8h	186.75	+0.059%	$25.4M	$33.1M	20x	as long as short
edgeX SKHYUSDC	−0.0943%	4h	186.65	+0.006%	$563K	$291K	10x	as long as short
Kraken Futures PF_SKHYUSDlong	−0.0266%	1h	186.64	long leg	$48K	$21K	20x
tradeXYZ xyz:SKHY	−0.0210%	1h	186.48	−0.085%	$158.4M	$76.9M	10x	as long as short
Nado SKHY-PERP	−0.0169%	1h	186.69	+0.027%	$33K	$28K	10x	as long as short
Polymarket Perps SKHY-USD	−0.0122%	1h	186.50	−0.075%	$180K	$487K	10x	as long as short
Popdex SKHYUSDT	−0.0120%	1h	186.61	−0.016%	$205K	$288K	20x	as long as short
Coinbase International SKHY-PERP-INTX	−0.0072%	1h	187.58	+0.504%	$68K	$905K	10x	as long as short
QFEX SKHY-USD	−0.0061%	1h	186.62	−0.010%	$1.2M	$4.3M	10x	as long as short
KuCoin SKHYUSDTM	−0.0037%	8h	186.58	−0.032%	$1.1M	$328K	20x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter SKHY	−0.0016%	1h	186.45	−0.101%	$974K	$1.2M	10x	as long as short
Aster SKHYUSDT	0.0000%	8h	186.64	+0.001%	$223K	$925K	50x	as long as short
Extended SKHY-USD	0.0000%	1h	186.49	−0.078%	$54K	$7K	10x	as long as short
Binance SKHYUSDT	0.0000%	8h	186.52	−0.062%	$200.5M	$450.7M	50x	as long as short
Bybit SKHYUSDT	0.0000%	8h	186.52	−0.064%	$16.7M	$29.4M	100x	as long as short
OKX SKHY-USDT-SWAP	0.0000%	8h	186.50	−0.075%	$44.7M	$79.7M	50x	as long as short
Gate SKHY_USDT	0.0000%	8h	186.48	−0.085%	$25.5M	$21.0M	75x	as long as short
Variational Omni SKHY	0.0000%	8h	186.55	−0.048%	$1.6M	$1.0M	—	as long as short
GRVT SKHY_USDT_Perp	0.0000%	8h	186.63	−0.005%	$22K	$233K	10x	as long as short
SunX SKHY-USDT	0.0000%	8h	186.83	+0.102%	$684	$6.1M	10x	as long as short
Deribit SKHY_USDC-PERPETUAL	0.0000%	1h	186.61	−0.016%	$49K	$347K	10x	as long as short
HTX SKHY-USDTshort	0.0000%	8h	186.52	−0.064%	$155K	$363K	50x
Phemex SKHYUSDT	0.0000%	8h	186.57	−0.037%	$1.5M	$1.1M	10x	as long as short
Ondo Perps SKHY-USD.P	+0.0029%	1h	186.60	−0.021%	$521K	$2.6M	10x	as long as short
Lighter RH SKHY	+0.0032%	1h	186.44	−0.107%	$1.1M	$1.5M	10x	as long as short
Arcus SKHY-USD	+0.0040%	1h	186.60	−0.021%	$60K	$171K	10x	as long as short
Vest SKHY-USD-PERP	+0.0046%	1h	186.59	−0.026%	—	$32K	10x	as long as short
SoDEX SKHY-USD	+0.0050%	1h	186.55	−0.048%	$41K	$12K	10x	as long as short
Orderly PERP_SKHY_USDC_mythos	+0.0100%	8h	186.58	−0.032%	$2K	$4K	10x	as long as short
BloFin SKHY-USDT	+0.0120%	8h	186.54	−0.053%	$2.2M	$426K	50x	as long as short
Phoenix SKHY	+0.0129%	1h	186.87	+0.124%	$209K	$123K	10x	as long as short