Funding arb · Price arb /

SKHY

RWAall SKHY markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0050%/8h= −5.5% APRpaid last 24h −0.015%

Price spread now: OKX against SoDEX−0.087%7-day average — · you buy dearer than you sell

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

Long on SoDEX Short on OKX

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—needs both histories

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and OKX is 0.087% cheaper against SoDEX than usual: you would sell low and buy high (−$9 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SoDEX SKHY-USD	184.58	0.0050	pay 0.0006% / 1h	34m 05s	$41K	$12K	10x
Short	OKX SKHY-USDT-SWAP	184.42	0	get 0.0000% / 8h	7h 34m	$43.7M	$81.8M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX against SoDEX. 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 SoDEXbpFee OKXbpOrdersPrice spread, now −0.087%Rate

Funding earned: −$10.5
Price spread: −0.087% → 0.000%: −$8.67
Slippage, 4 orders: no order book: not counted
Fee SoDEX: 4 bp × 2 orders: −$8
Fee OKX: 5 bp × 2 orders: −$10
Net: −$37.17
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: SoDEX: no order-book sample; OKX: live order book, 5 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 SoDEX no order-book sample	—	—	—	—	—
Sell OKX live order book, 5 min ago	0.27 bp	5.5 bp −$5	8.1 bp −$81	27.8 bp −$2,783	doesn't fit

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 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	−0.1230%	8h	184.52	−0.033%	$25.4M	$34.8M	20x	as long as short
edgeX SKHYUSDC	−0.0952%	4h	184.87	+0.158%	$557K	$290K	10x	as long as short
GRVT SKHY_USDT_Perp	−0.0445%	8h	184.94	+0.197%	$22K	$243K	10x	as long as short
KuCoin SKHYUSDTM	−0.0231%	8h	184.53	−0.027%	$1.1M	$367K	20x	as long as short
Bybit SKHYUSDT	−0.0156%	8h	184.42	−0.087%	$16.3M	$32.6M	100x	as long as short
tradeXYZ xyz:SKHY	−0.0109%	1h	184.34	−0.130%	$156.4M	$77.9M	10x	as long as short
Nado SKHY-PERP	−0.0073%	1h	184.66	+0.042%	$33K	$28K	10x	as long as short
Ondo Perps SKHY-USD.P	−0.0056%	1h	184.51	−0.038%	$515K	$2.6M	10x	as long as short
Extended SKHY-USD	−0.0040%	1h	184.37	−0.111%	$54K	$7K	10x	as long as short
Binance SKHYUSDT	−0.0036%	8h	184.45	−0.072%	$197.2M	$463.0M	50x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
QFEX SKHY-USD	−0.0028%	1h	184.49	−0.049%	$1.2M	$4.3M	10x	as long as short
HTX SKHY-USDT	−0.0018%	8h	184.42	−0.087%	$153K	$370K	50x	as long as short
Variational Omni SKHY	−0.0004%	8h	184.69	+0.062%	$1.6M	$1.0M	—	as long as short
Aster SKHYUSDT	0.0000%	8h	184.60	+0.012%	$265K	$951K	50x	as long as short
OKX SKHY-USDT-SWAPshort	0.0000%	8h	184.42	−0.087%	$43.7M	$81.8M	50x
Gate SKHY_USDT	0.0000%	8h	184.42	−0.087%	$25.7M	$21.4M	75x	as long as short
SunX SKHY-USDT	0.0000%	8h	184.96	+0.206%	$677	$5.9M	10x	as long as short
Phemex SKHYUSDT	0.0000%	8h	184.71	+0.070%	$1.5M	$1.1M	10x	as long as short
Lighter SKHY	+0.0024%	1h	184.49	−0.049%	$982K	$1.3M	10x	as long as short
Coinbase International SKHY-PERP-INTX	+0.0024%	1h	187.58	+1.625%	$68K	$784K	10x	as long as short
Lighter RH SKHY	+0.0032%	1h	184.49	−0.049%	$1.1M	$1.5M	10x	as long as short
Arcus SKHY-USD	+0.0040%	1h	184.49	−0.049%	$59K	$172K	10x	as long as short
Vest SKHY-USD-PERP	+0.0046%	1h	184.46	−0.065%	—	$34K	10x	as long as short
Popdex SKHYUSDT	+0.0048%	1h	184.53	−0.027%	$201K	$288K	20x	as long as short
Polymarket Perps SKHY-USD	+0.0050%	1h	184.44	−0.076%	$178K	$451K	10x	as long as short
SoDEX SKHY-USDlong	+0.0050%	1h	184.58	long leg	$41K	$12K	10x
BloFin SKHY-USDT	+0.0085%	8h	184.67	+0.049%	$2.1M	$438K	50x	as long as short
Orderly PERP_SKHY_USDC_mythos	+0.0100%	8h	184.64	+0.033%	$2K	$4K	10x	as long as short
Kraken Futures PF_SKHYUSD	+0.0171%	1h	184.65	+0.035%	$48K	$20K	20x	as long as short
Phoenix SKHY	+0.0215%	1h	185.14	+0.303%	$207K	$123K	10x	as long as short
Deribit SKHY_USDC-PERPETUAL	+0.0238%	1h	184.65	+0.038%	$47K	$353K	10x	as long as short