Funding arb · Price arb /

SKHY

RWAall SKHY markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0046%/8h= +5.0% APRpaid last 24h +0.014%

Price spread now: Vest against Phemex−0.067%7-day average — · you buy dearer than you sell

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

Long on Phemex Short on Vest

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 airdropVest: Active · farm boardneeds both histories

Funding pays, the price is against you. Vest is 0.067% cheaper against Phemex than usual: you would sell low and buy high (spread −0.067% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$7 on $10k: about 4.9 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	Phemex SKHYUSDT	192.97	0	get 0.0000% / 8h	5h 21m	$1.5M	$1.1M	10x
Short	Vest SKHY-USD-PERP	192.84	0.0046	get 0.0006% / 1h	21m 52s	—	$11K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Vest against Phemex. 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 PhemexbpFee VestbpOrdersPrice spread, now −0.067%Rate

Funding earned: $9.59
Price spread: −0.067% → 0.000%: −$6.74
Slippage, 4 orders: no order book: not counted
Fee Phemex: 6 bp × 2 orders: −$12
Fee Vest: 1 bp × 2 orders: −$2
Net: −$11.14
Costs to cover: 0.140%
Break-even: 15.1 days

Slippage unknown: Phemex: live order book, 1 min ago; Vest: 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 Phemex live order book, 1 min ago	1.04 bp	41.8 bp −$42	doesn't fit	doesn't fit	doesn't fit
Sell Vest no order-book sample	—	—	—	—	—

Vest: 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	−0.168%	$581K	$290K	10x	as long as short
Coinbase International SKHY-PERP-INTX	−0.0032%	1h	192.90	−0.036%	$45K	$874K	10x	as long as short
Aster SKHYUSDT	0.0000%	8h	192.93	−0.023%	$248K	$888K	50x	as long as short
Extended SKHY-USD	0.0000%	1h	193.02	+0.028%	$56K	$7K	10x	as long as short
Binance SKHYUSDT	0.0000%	8h	193.09	+0.064%	$206.6M	$390.7M	50x	as long as short
Bybit SKHYUSDT	0.0000%	8h	193.08	+0.057%	$15.7M	$27.3M	100x	as long as short
OKX SKHY-USDT-SWAP	0.0000%	8h	193.08	+0.057%	$46.7M	$69.5M	50x	as long as short
Gate SKHY_USDT	0.0000%	8h	193.01	+0.021%	$25.8M	$19.0M	75x	as long as short
Variational Omni SKHY	0.0000%	8h	192.70	−0.142%	$1.6M	$1.2M	—	as long as short
GRVT SKHY_USDT_Perp	0.0000%	8h	192.68	−0.150%	$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	193.28	+0.161%	$707	$6.4M	10x	as long as short
HTX SKHY-USDT	0.0000%	8h	192.85	−0.062%	$160K	$367K	50x	as long as short
Phemex SKHYUSDTlong	0.0000%	8h	192.97	long leg	$1.5M	$1.1M	10x
QFEX SKHY-USD	+0.0004%	1h	192.89	−0.041%	$1.2M	$4.3M	10x	as long as short
Lighter SKHY	+0.0032%	1h	192.86	−0.057%	$1.0M	$688K	10x	as long as short
Lighter RH SKHY	+0.0032%	1h	192.87	−0.052%	$1.1M	$1.5M	10x	as long as short
Arcus SKHY-USD	+0.0040%	1h	192.74	−0.119%	$57K	$154K	10x	as long as short
Vest SKHY-USD-PERPshort	+0.0046%	1h	192.84	−0.067%	—	$11K	10x
Popdex SKHYUSDT	+0.0048%	1h	192.99	+0.010%	$200K	$256K	20x	as long as short
tradeXYZ xyz:SKHY	+0.0050%	1h	192.87	−0.052%	$161.3M	$67.3M	10x	as long as short
Polymarket Perps SKHY-USD	+0.0050%	1h	192.84	−0.067%	$188K	$456K	10x	as long as short
SoDEX SKHY-USD	+0.0050%	1h	192.92	−0.026%	$43K	$13K	10x	as long as short
Ondo Perps SKHY-USD.P	+0.0050%	1h	192.80	−0.088%	$584K	$2.2M	10x	as long as short
KuCoin SKHYUSDTM	+0.0100%	8h	192.96	−0.005%	$1.1M	$291K	20x	as long as short
Orderly PERP_SKHY_USDC_mythos	+0.0100%	8h	192.96	−0.005%	$2K	$4K	10x	as long as short
BloFin SKHY-USDT	+0.0120%	8h	192.90	−0.036%	$2.3M	$446K	50x	as long as short
Bitget SKHYUSDT	+0.0132%	8h	192.99	+0.010%	$25.4M	$26.8M	20x	as long as short
Nado SKHY-PERP	+0.0169%	1h	192.87	−0.052%	$38K	$26K	10x	as long as short
Deribit SKHY_USDC-PERPETUAL	+0.0268%	1h	192.99	+0.010%	$49K	$297K	10x	as long as short
Phoenix SKHY	+0.0332%	1h	192.82	−0.078%	$216K	$124K	10x	as long as short
Kraken Futures PF_SKHYUSD	+0.0546%	1h	193.06	+0.046%	$51K	$17K	20x	as long as short