Funding arb · Price arb /

SKHY

RWAall SKHY markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0050%/8h= +5.5% APRpaid last 24h +0.015%

Price spread now: SoDEX against OKX−0.042%7-day average — · you buy dearer than you sell

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

Long on OKX Short on SoDEX

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—needs both histories

Funding pays, the price is against you. SoDEX is 0.042% cheaper against OKX than usual: you would sell low and buy high (spread −0.042% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$4 on $10k: about 2.8 days of funding at the current rate (+$2 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX SKHY-USDT-SWAP	192.63	0	get 0.0000% / 8h	6h 12m	$46.7M	$69.1M	50x
Short	SoDEX SKHY-USD	192.55	0.0050	get 0.0006% / 1h	12m 45s	$43K	$13K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SoDEX 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 SoDEXbpOrdersPrice spread, now −0.042%Rate

Funding earned: $10.5
Price spread: −0.042% → 0.000%: −$4.15
Slippage, 4 orders: no order book: not counted
Fee OKX: 5 bp × 2 orders: −$10
Fee SoDEX: 4 bp × 2 orders: −$8
Net: −$11.65
Costs to cover: 0.180%
Break-even: 14.8 days

Slippage unknown: OKX: live order book, 1 min ago; SoDEX: 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, 1 min ago	0.26 bp	6.4 bp −$6	7.9 bp −$79	43.0 bp −$4,300	doesn't fit
Sell SoDEX no order-book sample	—	—	—	—	—

SoDEX: 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 30 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	−0.0263%	4h	192.66	+0.014%	$581K	$291K	10x	as long as short
Coinbase International SKHY-PERP-INTX	−0.0072%	1h	192.90	+0.140%	$45K	$874K	10x	as long as short
Aster SKHYUSDT	0.0000%	8h	192.64	+0.004%	$248K	$890K	50x	as long as short
Extended SKHY-USD	0.0000%	1h	192.61	−0.010%	$56K	$7K	10x	as long as short
Binance SKHYUSDT	0.0000%	8h	192.65	+0.010%	$208.8M	$386.2M	50x	as long as short
Bybit SKHYUSDT	0.0000%	8h	192.65	+0.010%	$15.7M	$27.3M	100x	as long as short
OKX SKHY-USDT-SWAPlong	0.0000%	8h	192.63	long leg	$46.7M	$69.1M	50x
Gate SKHY_USDT	0.0000%	8h	192.59	−0.021%	$25.8M	$18.9M	75x	as long as short
Variational Omni SKHY	0.0000%	8h	192.55	−0.042%	$1.6M	$1.9M	—	as long as short
GRVT SKHY_USDT_Perp	0.0000%	8h	192.68	+0.027%	$23K	$193K	10x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX SKHY-USDT	0.0000%	8h	192.85	+0.114%	$706	$6.5M	10x	as long as short
Deribit SKHY_USDC-PERPETUAL	0.0000%	1h	192.55	−0.042%	$48K	$272K	10x	as long as short
HTX SKHY-USDT	0.0000%	8h	192.52	−0.057%	$160K	$369K	50x	as long as short
Phemex SKHYUSDT	0.0000%	8h	192.58	−0.026%	$1.5M	$1.1M	10x	as long as short
QFEX SKHY-USD	+0.0002%	1h	192.59	−0.021%	$1.2M	$4.4M	10x	as long as short
Lighter SKHY	+0.0032%	1h	192.44	−0.099%	$1.0M	$689K	10x	as long as short
Lighter RH SKHY	+0.0032%	1h	192.45	−0.093%	$1.1M	$1.5M	10x	as long as short
Arcus SKHY-USD	+0.0040%	1h	192.61	−0.010%	$57K	$155K	10x	as long as short
Nado SKHY-PERP	+0.0044%	1h	192.65	+0.010%	$38K	$26K	10x	as long as short
Vest SKHY-USD-PERP	+0.0046%	1h	192.63	0.000%	—	$12K	10x	as long as short
Popdex SKHYUSDT	+0.0048%	1h	192.63	0.000%	$197K	$256K	20x	as long as short
tradeXYZ xyz:SKHY	+0.0050%	1h	192.52	−0.057%	$162.0M	$66.4M	10x	as long as short
Polymarket Perps SKHY-USD	+0.0050%	1h	192.55	−0.042%	$188K	$456K	10x	as long as short
SoDEX SKHY-USDshort	+0.0050%	1h	192.55	−0.042%	$43K	$13K	10x
Ondo Perps SKHY-USD.P	+0.0050%	1h	192.67	+0.021%	$531K	$1.9M	10x	as long as short
KuCoin SKHYUSDTM	+0.0100%	8h	192.62	−0.005%	$1.1M	$285K	20x	as long as short
Orderly PERP_SKHY_USDC_mythos	+0.0100%	8h	192.59	−0.021%	$2K	$4K	10x	as long as short
Bitget SKHYUSDT	+0.0243%	8h	192.67	+0.021%	$25.5M	$26.4M	20x	as long as short
Phoenix SKHY	+0.0331%	1h	192.48	−0.078%	$216K	$123K	10x	as long as short
Kraken Futures PF_SKHYUSD	+0.0707%	1h	192.70	+0.035%	$51K	$17K	20x	as long as short