Funding arb · Price arb /

SKHY

RWAall SKHY markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0545%/8h= +59.7% APRpaid last 24h +0.164%

Price spread now: Kraken Futures against OKX+0.039%7-day average — · you sell dearer than you buy

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

Long on OKX Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days+0.675%+$67 on $10k

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

Together, before fees—needs both histories

Both sides work for this trade now. Funding pays +$16 a day on $10k at the current rate, and Kraken Futures is 0.039% dearer against OKX than usual: you sell high and buy low: +$4 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX SKHY-USDT-SWAP	193.07	0	get 0.0000% / 8h	5h 21m	$46.6M	$69.7M	50x
Short	Kraken Futures PF_SKHYUSD	193.14	0.0545	get 0.0068% / 1h	21m 26s	$51K	$17K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against OKX. 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 OKXbpFee Kraken FuturesbpOrdersPrice spread, now +0.039%Rate

Funding earned: $114.55
Price spread: +0.039% → 0.000%: $3.87
Slippage, 4 orders: no order book: not counted
Fee OKX: 5 bp × 2 orders: −$10
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: $98.42
Costs to cover: 0.200%
Break-even: 1.0 days

Slippage unknown: OKX: live order book, 2 min ago; Kraken Futures: no order-book sample. 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 OKX live order book, 2 min ago	0.26 bp	6.8 bp −$7	8.2 bp −$82	27.8 bp −$2,779	doesn't fit
Sell Kraken Futures no order-book sample	—	—	—	—	—

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
edgeX SKHYUSDC	−0.0383%	4h	192.65	−0.219%	$581K	$290K	10x	as long as short
Coinbase International SKHY-PERP-INTX	−0.0032%	1h	192.90	−0.088%	$45K	$874K	10x	as long as short
Aster SKHYUSDT	0.0000%	8h	193.02	−0.027%	$248K	$888K	50x	as long as short
Extended SKHY-USD	0.0000%	1h	193.04	−0.015%	$56K	$7K	10x	as long as short
Binance SKHYUSDT	0.0000%	8h	193.08	+0.005%	$206.6M	$391.1M	50x	as long as short
Bybit SKHYUSDT	0.0000%	8h	193.10	+0.016%	$15.7M	$27.3M	100x	as long as short
OKX SKHY-USDT-SWAPlong	0.0000%	8h	193.07	long leg	$46.6M	$69.7M	50x
Gate SKHY_USDT	0.0000%	8h	193.03	−0.021%	$25.8M	$19.1M	75x	as long as short
Variational Omni SKHY	0.0000%	8h	192.70	−0.194%	$1.6M	$1.2M	—	as long as short
GRVT SKHY_USDT_Perp	0.0000%	8h	192.92	−0.080%	$23K	$195K	10x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX SKHY-USDT	0.0000%	8h	193.38	+0.161%	$708	$6.4M	10x	as long as short
HTX SKHY-USDT	0.0000%	8h	192.85	−0.114%	$160K	$367K	50x	as long as short
Phemex SKHYUSDT	0.0000%	8h	192.97	−0.052%	$1.5M	$1.1M	10x	as long as short
QFEX SKHY-USD	+0.0004%	1h	193.03	−0.021%	$1.2M	$4.3M	10x	as long as short
Lighter SKHY	+0.0032%	1h	192.94	−0.067%	$1.0M	$688K	10x	as long as short
Lighter RH SKHY	+0.0032%	1h	192.94	−0.067%	$1.1M	$1.5M	10x	as long as short
Arcus SKHY-USD	+0.0040%	1h	192.81	−0.135%	$57K	$154K	10x	as long as short
Vest SKHY-USD-PERP	+0.0046%	1h	192.97	−0.052%	—	$11K	10x	as long as short
Popdex SKHYUSDT	+0.0048%	1h	193.10	+0.016%	$200K	$256K	20x	as long as short
tradeXYZ xyz:SKHY	+0.0050%	1h	192.97	−0.052%	$161.4M	$67.3M	10x	as long as short
Polymarket Perps SKHY-USD	+0.0050%	1h	192.98	−0.047%	$189K	$456K	10x	as long as short
SoDEX SKHY-USD	+0.0050%	1h	193.03	−0.021%	$43K	$13K	10x	as long as short
Ondo Perps SKHY-USD.P	+0.0050%	1h	192.80	−0.140%	$583K	$2.2M	10x	as long as short
KuCoin SKHYUSDTM	+0.0100%	8h	193.00	−0.036%	$1.1M	$291K	20x	as long as short
Orderly PERP_SKHY_USDC_mythos	+0.0100%	8h	193.04	−0.016%	$2K	$4K	10x	as long as short
BloFin SKHY-USDT	+0.0120%	8h	192.90	−0.088%	$2.3M	$446K	50x	as long as short
Bitget SKHYUSDT	+0.0135%	8h	193.05	−0.010%	$25.4M	$26.8M	20x	as long as short
Nado SKHY-PERP	+0.0170%	1h	192.99	−0.041%	$38K	$26K	10x	as long as short
Phoenix SKHY	+0.0332%	1h	192.82	−0.129%	$216K	$124K	10x	as long as short
Deribit SKHY_USDC-PERPETUAL	+0.0372%	1h	193.08	+0.005%	$49K	$297K	10x	as long as short
Kraken Futures PF_SKHYUSDshort	+0.0545%	1h	193.14	+0.039%	$51K	$17K	20x