Funding arb · Price arb /

SKHY

RWAall SKHY markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0043%/8h= +4.7% APRpaid last 24h +0.043%

Price spread now: Bitget against Nado−0.045%7-day average — · you buy dearer than you sell

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

Long on Nado Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

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

Together, before fees—+ Points / potential airdropNado: Active · farm boardneeds both histories

Funding pays, the price is against you. Bitget is 0.045% cheaper against Nado than usual: you would sell low and buy high (spread −0.045% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$5 on $10k: about 3.5 days of funding at the current rate (+$1 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Nado SKHY-PERP	189.55	−0.0043	get 0.0005% / 1h	12m 20s	$28K	$2K	10x
Short	Bitget SKHYUSDT	189.46	0	get 0.0000% / 8h	12m 20s	$25.2M	$25.8M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against Nado. 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 NadobpFee BitgetbpOrdersPrice spread, now −0.045%Rate

Funding earned: $9
Price spread: −0.045% → 0.000%: −$4.54
Slippage, 4 orders: no order book: not counted
Fee Nado: 3.5 bp × 2 orders: −$7
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$14.53
Costs to cover: 0.190%
Break-even: 18.3 days

Slippage unknown: Nado: no order-book sample; Bitget: live order book, 1 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 Nado no order-book sample	—	—	—	—	—
Sell Bitget live order book, 1 min ago	0.79 bp	8.3 bp −$8	16.9 bp −$169	22.0 bp −$2,197	49.5 bp −$24.7K

Nado: 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
edgeX SKHYUSDC	−0.0847%	4h	189.54	−0.002%	$571K	$291K	10x	as long as short
Nado SKHY-PERPlong	−0.0043%	1h	189.55	long leg	$28K	$2K	10x
QFEX SKHY-USD	0.0000%	1h	189.48	−0.035%	$1.2M	$5.3M	10x	as long as short
Aster SKHYUSDT	0.0000%	8h	189.47	−0.042%	$252K	$903K	50x	as long as short
Extended SKHY-USD	0.0000%	1h	189.47	−0.038%	$55K	$4K	10x	as long as short
Binance SKHYUSDT	0.0000%	8h	189.50	−0.026%	$211.9M	$378.8M	50x	as long as short
Bybit SKHYUSDT	0.0000%	8h	189.53	−0.008%	$15.7M	$27.0M	100x	as long as short
OKX SKHY-USDT-SWAP	0.0000%	8h	189.46	−0.045%	$47.1M	$61.5M	50x	as long as short
Gate SKHY_USDT	0.0000%	8h	189.44	−0.056%	$26.1M	$17.8M	75x	as long as short
Bitget SKHYUSDTshort	0.0000%	8h	189.46	−0.045%	$25.2M	$25.8M	20x

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni SKHY	0.0000%	8h	189.62	+0.038%	$1.6M	$2.5M	—	as long as short
GRVT SKHY_USDT_Perp	0.0000%	8h	189.64	+0.050%	$22K	$208K	10x	as long as short
SunX SKHY-USDT	0.0000%	8h	189.77	+0.118%	$695	$7.2M	10x	as long as short
Deribit SKHY_USDC-PERPETUAL	0.0000%	1h	189.47	−0.040%	$45K	$259K	10x	as long as short
HTX SKHY-USDT	0.0000%	8h	189.41	−0.072%	$155K	$400K	50x	as long as short
Phemex SKHYUSDT	0.0000%	8h	189.44	−0.056%	$1.5M	$1.1M	10x	as long as short
KuCoin SKHYUSDTM	+0.0013%	8h	189.46	−0.045%	$1.1M	$280K	20x	as long as short
Lighter SKHY	+0.0032%	1h	189.45	−0.051%	$1.0M	$696K	10x	as long as short
Lighter RH SKHY	+0.0032%	1h	189.37	−0.093%	$1.1M	$1.4M	10x	as long as short
Arcus SKHY-USD	+0.0040%	1h	189.53	−0.008%	$56K	$155K	10x	as long as short
Vest SKHY-USD-PERP	+0.0046%	1h	189.45	−0.051%	—	$12K	10x	as long as short
Popdex SKHYUSDT	+0.0048%	1h	189.49	−0.030%	$202K	$241K	20x	as long as short
tradeXYZ xyz:SKHY	+0.0050%	1h	189.46	−0.045%	$164.3M	$65.4M	10x	as long as short
Polymarket Perps SKHY-USD	+0.0050%	1h	189.46	−0.045%	$170K	$952K	10x	as long as short
SoDEX SKHY-USD	+0.0050%	1h	189.41	−0.072%	$42K	$13K	10x	as long as short
Ondo Perps SKHY-USD.P	+0.0050%	1h	189.42	−0.066%	$558K	$1.2M	10x	as long as short
Orderly PERP_SKHY_USDC_mythos	+0.0100%	8h	189.49	−0.030%	$2K	$4K	10x	as long as short
BloFin SKHY-USDT	+0.0120%	8h	189.48	−0.035%	$2.2M	$414K	50x	as long as short
Coinbase International SKHY-PERP-INTX	+0.0128%	1h	189.72	+0.092%	$169K	$684K	10x	as long as short
Phoenix SKHY	+0.0380%	1h	189.82	+0.145%	$214K	$128K	10x	as long as short
Kraken Futures PF_SKHYUSD	+0.0952%	1h	189.42	−0.067%	$50K	$24K	20x	as long as short