Funding arb · Price arb /

SKHY

RWAall SKHY markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h −0.053%

Price spread now: Nado against Orderly+0.069%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 Nado

What this pair did over the last

the charts below follow

Funding, last 4 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

The price spread pays, funding is against you. Nado is 0.069% dearer against Orderly than usual: you sell high and buy low (spread +0.069% now, against zero (this spread has no 7-day history yet)): +$7 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 2.3 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Orderly PERP_SKHY_USDC_mythos	186.02	0.0100	pay 0.0100% / 8h	7h 59m	$2K	$4K	10x
Short	Nado SKHY-PERP	186.15	0	get 0.0000% / 1h	59m 19s	$33K	$28K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado 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 NadobpOrdersPrice spread, now +0.069%Rate

Funding earned: −$21
Price spread: +0.069% → 0.000%: $6.92
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee Nado: 3.5 bp × 2 orders: −$7
Net: −$27.08
Costs to cover: 0.130%
Break-even: never at this rate

Slippage unknown: Orderly: no order-book sample; Nado: 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 Orderly no order-book sample	—	—	—	—	—
Sell Nado no order-book sample	—	—	—	—	—

Orderly and 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
Bitget SKHYUSDT	−0.1254%	8h	186.22	+0.108%	$25.5M	$33.7M	20x	as long as short
edgeX SKHYUSDC	−0.0509%	4h	186.11	+0.048%	$561K	$291K	10x	as long as short
tradeXYZ xyz:SKHY	−0.0501%	1h	185.88	−0.075%	$157.8M	$76.9M	10x	as long as short
Deribit SKHY_USDC-PERPETUAL	−0.0448%	1h	185.98	−0.022%	$49K	$349K	10x	as long as short
HTX SKHY-USDT	−0.0211%	8h	185.85	−0.091%	$154K	$363K	50x	as long as short
Lighter SKHY	−0.0176%	1h	185.95	−0.038%	$969K	$1.2M	10x	as long as short
KuCoin SKHYUSDTM	−0.0080%	8h	186.02	0.000%	$1.1M	$353K	20x	as long as short
QFEX SKHY-USD	−0.0061%	1h	186.03	+0.005%	$1.2M	$4.3M	10x	as long as short
Ondo Perps SKHY-USD.P	−0.0030%	1h	185.94	−0.043%	$520K	$2.6M	10x	as long as short
Aster SKHYUSDT	0.0000%	8h	186.06	+0.022%	$224K	$899K	50x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended SKHY-USD	0.0000%	1h	185.90	−0.065%	$54K	$7K	10x	as long as short
Binance SKHYUSDT	0.0000%	8h	185.92	−0.053%	$199.6M	$454.1M	50x	as long as short
Bybit SKHYUSDT	0.0000%	8h	185.91	−0.059%	$16.4M	$31.4M	100x	as long as short
OKX SKHY-USDT-SWAP	0.0000%	8h	185.85	−0.091%	$44.3M	$80.0M	50x	as long as short
Gate SKHY_USDT	0.0000%	8h	185.88	−0.075%	$25.5M	$20.5M	75x	as long as short
Variational Omni SKHY	0.0000%	8h	186.05	+0.016%	$1.6M	$1.1M	—	as long as short
GRVT SKHY_USDT_Perp	0.0000%	8h	186.06	+0.020%	$22K	$240K	10x	as long as short
Nado SKHY-PERPshort	0.0000%	1h	186.15	+0.069%	$33K	$28K	10x
SunX SKHY-USDT	0.0000%	8h	186.36	+0.183%	$682	$6.0M	10x	as long as short
Phemex SKHYUSDT	0.0000%	8h	185.81	−0.113%	$1.5M	$1.1M	10x	as long as short
Lighter RH SKHY	+0.0008%	1h	185.89	−0.070%	$1.1M	$1.5M	10x	as long as short
Coinbase International SKHY-PERP-INTX	+0.0024%	1h	187.58	+0.839%	$68K	$788K	10x	as long as short
Arcus SKHY-USD	+0.0040%	1h	186.01	−0.005%	$60K	$170K	10x	as long as short
Vest SKHY-USD-PERP	+0.0046%	1h	186.06	+0.022%	—	$32K	10x	as long as short
Popdex SKHYUSDT	+0.0048%	1h	185.90	−0.065%	$204K	$286K	20x	as long as short
Polymarket Perps SKHY-USD	+0.0050%	1h	186.20	+0.097%	$180K	$486K	10x	as long as short
SoDEX SKHY-USD	+0.0050%	1h	185.86	−0.086%	$41K	$12K	10x	as long as short
Orderly PERP_SKHY_USDC_mythoslong	+0.0100%	8h	186.02	long leg	$2K	$4K	10x
BloFin SKHY-USDT	+0.0120%	8h	185.93	−0.048%	$2.2M	$426K	50x	as long as short
Phoenix SKHY	+0.0129%	1h	186.35	+0.177%	$209K	$123K	10x	as long as short
Kraken Futures PF_SKHYUSD	+0.0170%	1h	186.28	+0.139%	$48K	$21K	20x	as long as short