Funding arb · Price arb /

SKHY

RWAall SKHY markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0048%/8h= −5.3% APRpaid last 24h −0.014%

Price spread now: Binance against Popdex+0.024%7-day average −0.008% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$16as in the Price arb table

costs, in and out, $10k−$200.196% of the position

Long on Popdex Short on Binance

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.022%−$2 on $10k

Price spread, last 2 days (all we have)−0.038%−$4 · spread now +0.024%, 7d avg −0.008%

Together, before fees−0.060%−$6 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Binance is 0.032% dearer against Popdex than usual: you sell high and buy low (spread +0.024% now, against its 7-day average of −0.008%): +$3 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 2.2 days. At the pace of the last 3 days (−0.022% in total) that is about 5.0 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Popdex SKHYUSDT	192.66	0.0048	pay 0.0006% / 1h	37m 33s	$197K	$257K	20x
Short	Binance SKHYUSDT	192.71	0	get 0.0000% / 8h	6h 37m	$210.1M	$385.3M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Popdex. 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 PopdexbpFee BinancebpOrdersPrice spread, now +0.024%Rate

Funding earned: −$10.08
Price spread: +0.024% → −0.008%: $3.18
Slippage, 4 orders: −$3.18
Fee Popdex: 3.2 bp × 2 orders: −$6.4
Fee Binance: 5 bp × 2 orders: −$10
Net: −$26.48
Costs to cover: 0.196%
Break-even: never at this rate

Slippage from Popdex: live order book, 31 min ago; Binance: live order book, 6 min ago.

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 Popdex live order book, 31 min ago	0.78 bp	4.3 bp −$4	7.1 bp −$71	doesn't fit	doesn't fit
Sell Binance live order book, 6 min ago	0.26 bp	5.3 bp −$5	5.3 bp −$53	13.2 bp −$1,323	96.6 bp −$48.3K

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	−0.0874%	4h	192.69	+0.017%	$581K	$290K	10x	as long as short
Coinbase International SKHY-PERP-INTX	−0.0072%	1h	192.90	+0.125%	$45K	$874K	10x	as long as short
Aster SKHYUSDT	0.0000%	8h	192.75	+0.046%	$248K	$890K	50x	as long as short
Extended SKHY-USD	0.0000%	1h	192.69	+0.017%	$56K	$7K	10x	as long as short
Binance SKHYUSDTshort	0.0000%	8h	192.71	+0.024%	$210.1M	$385.3M	50x
Bybit SKHYUSDT	0.0000%	8h	192.67	+0.005%	$15.6M	$27.2M	100x	as long as short
OKX SKHY-USDT-SWAP	0.0000%	8h	192.65	−0.005%	$46.7M	$69.0M	50x	as long as short
Gate SKHY_USDT	0.0000%	8h	192.66	0.000%	$25.8M	$18.8M	75x	as long as short
Variational Omni SKHY	0.0000%	8h	192.94	+0.143%	$1.6M	$2.2M	—	as long as short
GRVT SKHY_USDT_Perp	0.0000%	8h	192.71	+0.027%	$22K	$192K	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	193.05	+0.202%	$707	$6.6M	10x	as long as short
Deribit SKHY_USDC-PERPETUAL	0.0000%	1h	192.72	+0.031%	$48K	$270K	10x	as long as short
HTX SKHY-USDT	0.0000%	8h	192.69	+0.016%	$160K	$376K	50x	as long as short
Phemex SKHYUSDT	0.0000%	8h	192.75	+0.047%	$1.5M	$1.1M	10x	as long as short
QFEX SKHY-USD	+0.0002%	1h	192.64	−0.010%	$1.2M	$4.6M	10x	as long as short
Nado SKHY-PERP	+0.0026%	1h	192.72	+0.029%	$42K	$21K	10x	as long as short
Lighter SKHY	+0.0032%	1h	192.57	−0.047%	$1.0M	$683K	10x	as long as short
Lighter RH SKHY	+0.0032%	1h	192.59	−0.036%	$1.1M	$1.5M	10x	as long as short
Arcus SKHY-USD	+0.0040%	1h	192.77	+0.057%	$57K	$154K	10x	as long as short
Vest SKHY-USD-PERP	+0.0046%	1h	192.66	0.000%	—	$12K	10x	as long as short
Popdex SKHYUSDTlong	+0.0048%	1h	192.66	long leg	$197K	$257K	20x
tradeXYZ xyz:SKHY	+0.0050%	1h	192.65	−0.005%	$162.7M	$65.3M	10x	as long as short
Polymarket Perps SKHY-USD	+0.0050%	1h	192.55	−0.057%	$188K	$456K	10x	as long as short
SoDEX SKHY-USD	+0.0050%	1h	192.70	+0.021%	$43K	$13K	10x	as long as short
Ondo Perps SKHY-USD.P	+0.0050%	1h	192.91	+0.130%	$533K	$1.8M	10x	as long as short
KuCoin SKHYUSDTM	+0.0100%	8h	192.75	+0.047%	$1.1M	$279K	20x	as long as short
Orderly PERP_SKHY_USDC_mythos	+0.0100%	8h	192.75	+0.047%	$2K	$4K	10x	as long as short
BloFin SKHY-USDT	+0.0120%	8h	193.08	+0.218%	$2.3M	$445K	50x	as long as short
Phoenix SKHY	+0.0331%	1h	192.94	+0.145%	$216K	$123K	10x	as long as short
Bitget SKHYUSDT	+0.0353%	8h	192.72	+0.031%	$25.5M	$26.4M	20x	as long as short
Kraken Futures PF_SKHYUSD	+0.0707%	1h	192.81	+0.077%	$51K	$17K	20x	as long as short