Funding arb · Price arb /

SKHY

RWAall SKHY markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0148%/8h= −16.2% APRpaid last 24h −0.020%

Price spread now: Coinbase International against Orderly+0.005%7-day average — · you sell dearer than you buy

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

Long on Orderly Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 5 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

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: −$4 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Orderly PERP_SKHY_USDC_mythos	192.83	0.0100	pay 0.0100% / 8h	4h 08m	$2K	$4K	10x
Short	Coinbase International SKHY-PERP-INTX	192.84	−0.0048	pay 0.0006% / 1h	8m 04s	$45K	$861K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against Orderly. 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 OrderlybpFee Coinbase InternationalbpOrdersPrice spread, now +0.005%Rate

Funding earned: −$31.08
Price spread: +0.005% → 0.000%: $0.52
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$46.56
Costs to cover: 0.160%
Break-even: never at this rate

Slippage unknown: Orderly: no order-book sample; Coinbase International: live order book, 50 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 Orderly no order-book sample	—	—	—	—	—
Sell Coinbase International live order book, 50 min ago	5.95 bp	11.9 bp −$12	15.2 bp −$152	doesn't fit	doesn't fit

Orderly: 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	−0.0671%	4h	192.99	+0.085%	$582K	$290K	10x	as long as short
Coinbase International SKHY-PERP-INTXshort	−0.0048%	1h	192.84	+0.005%	$45K	$861K	10x
Aster SKHYUSDT	0.0000%	8h	192.82	−0.004%	$249K	$889K	50x	as long as short
Extended SKHY-USD	0.0000%	1h	192.77	−0.031%	$56K	$7K	10x	as long as short
Binance SKHYUSDT	0.0000%	8h	192.82	−0.005%	$203.5M	$394.6M	50x	as long as short
Bybit SKHYUSDT	0.0000%	8h	192.83	0.000%	$15.7M	$27.7M	100x	as long as short
OKX SKHY-USDT-SWAP	0.0000%	8h	192.82	−0.005%	$46.7M	$70.0M	50x	as long as short
Gate SKHY_USDT	0.0000%	8h	192.81	−0.010%	$25.8M	$19.0M	75x	as long as short
Variational Omni SKHY	0.0000%	8h	192.95	+0.062%	$1.6M	$1.1M	—	as long as short
GRVT SKHY_USDT_Perp	0.0000%	8h	193.07	+0.124%	$22K	$206K	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	193.14	+0.161%	$707	$6.2M	10x	as long as short
HTX SKHY-USDT	0.0000%	8h	192.81	−0.010%	$161K	$369K	50x	as long as short
Phemex SKHYUSDT	0.0000%	8h	192.86	+0.016%	$1.5M	$1.1M	10x	as long as short
QFEX SKHY-USD	+0.0015%	1h	192.82	−0.005%	$1.2M	$3.9M	10x	as long as short
Lighter SKHY	+0.0032%	1h	192.72	−0.057%	$1.0M	$704K	10x	as long as short
Lighter RH SKHY	+0.0032%	1h	192.73	−0.052%	$1.1M	$1.6M	10x	as long as short
Arcus SKHY-USD	+0.0040%	1h	193.01	+0.093%	$60K	$161K	10x	as long as short
Vest SKHY-USD-PERP	+0.0046%	1h	192.86	+0.016%	—	$12K	10x	as long as short
Popdex SKHYUSDT	+0.0048%	1h	192.84	+0.005%	$202K	$256K	20x	as long as short
tradeXYZ xyz:SKHY	+0.0050%	1h	192.75	−0.041%	$161.2M	$67.8M	10x	as long as short
Polymarket Perps SKHY-USD	+0.0050%	1h	192.78	−0.026%	$188K	$456K	10x	as long as short
SoDEX SKHY-USD	+0.0050%	1h	192.85	+0.010%	$43K	$13K	10x	as long as short
Ondo Perps SKHY-USD.P	+0.0050%	1h	192.78	−0.026%	$577K	$2.4M	10x	as long as short
Deribit SKHY_USDC-PERPETUAL	+0.0061%	1h	192.85	+0.010%	$49K	$322K	10x	as long as short
KuCoin SKHYUSDTM	+0.0100%	8h	192.83	0.000%	$1.1M	$318K	20x	as long as short
Orderly PERP_SKHY_USDC_mythoslong	+0.0100%	8h	192.83	long leg	$2K	$4K	10x
BloFin SKHY-USDT	+0.0120%	8h	193.06	+0.119%	$2.3M	$438K	50x	as long as short
Bitget SKHYUSDT	+0.0128%	8h	192.96	+0.067%	$25.2M	$26.9M	20x	as long as short
Nado SKHY-PERP	+0.0148%	1h	192.94	+0.057%	$38K	$26K	10x	as long as short
Phoenix SKHY	+0.0372%	1h	193.19	+0.187%	$216K	$124K	10x	as long as short
Kraken Futures PF_SKHYUSD	+0.1059%	1h	192.84	+0.007%	$49K	$19K	20x	as long as short