Funding arb · Price arb /

SKHY

RWAall SKHY markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0050%/8h= −5.5% APRpaid last 24h −0.015%

Price spread now: Variational Omni against SoDEX+0.034%7-day average — · you sell dearer than you buy

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

Long on SoDEX Short on Variational Omni

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 airdropVariational Omni: Active · farm boardneeds both histories

The price spread pays, funding is against you. Variational Omni is 0.034% dearer against SoDEX than usual: you sell high and buy low (spread +0.034% now, against zero (this spread has no 7-day history yet)): +$3 on $10k if it goes back. Holding the pair costs −$2 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	SoDEX SKHY-USD	192.63	0.0050	pay 0.0006% / 1h	25m 18s	$43K	$13K	10x
Short	Variational Omni SKHY	192.70	0	get 0.0000% / 8h	5h 25m	$1.6M	$1.2M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni 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 Variational OmnibpOrdersPrice spread, now +0.034%Rate

Funding earned: −$10.5
Price spread: +0.034% → 0.000%: $3.4
Slippage, 4 orders: no order book: not counted
Fee SoDEX: 4 bp × 2 orders: −$8
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$15.1
Costs to cover: 0.080%
Break-even: never at this rate

Slippage unknown: SoDEX: no order-book sample; Variational Omni: RFQ quote, 4 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 Variational Omni RFQ quote, 4 min ago	2.20 bp	doesn't fit	4.4 bp −$44	doesn't fit	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
edgeX SKHYUSDC	−0.0894%	4h	192.62	−0.006%	$581K	$289K	10x	as long as short
Coinbase International SKHY-PERP-INTX	−0.0032%	1h	192.90	+0.140%	$45K	$874K	10x	as long as short
Aster SKHYUSDT	0.0000%	8h	192.73	+0.050%	$248K	$890K	50x	as long as short
Extended SKHY-USD	0.0000%	1h	192.63	−0.002%	$56K	$7K	10x	as long as short
Binance SKHYUSDT	0.0000%	8h	192.66	+0.013%	$206.1M	$389.8M	50x	as long as short
Bybit SKHYUSDT	0.0000%	8h	192.65	+0.010%	$15.7M	$27.3M	100x	as long as short
OKX SKHY-USDT-SWAP	0.0000%	8h	192.68	+0.026%	$46.7M	$69.3M	50x	as long as short
Gate SKHY_USDT	0.0000%	8h	192.65	+0.010%	$25.8M	$19.0M	75x	as long as short
Variational Omni SKHYshort	0.0000%	8h	192.70	+0.034%	$1.6M	$1.2M	—
GRVT SKHY_USDT_Perp	0.0000%	8h	192.68	+0.026%	$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	192.94	+0.161%	$706	$6.4M	10x	as long as short
HTX SKHY-USDT	0.0000%	8h	192.63	0.000%	$160K	$368K	50x	as long as short
Phemex SKHYUSDT	0.0000%	8h	192.62	−0.005%	$1.5M	$1.1M	10x	as long as short
QFEX SKHY-USD	+0.0004%	1h	192.67	+0.021%	$1.2M	$4.3M	10x	as long as short
Lighter SKHY	+0.0032%	1h	192.48	−0.078%	$1.0M	$688K	10x	as long as short
Lighter RH SKHY	+0.0032%	1h	192.50	−0.067%	$1.1M	$1.5M	10x	as long as short
Arcus SKHY-USD	+0.0040%	1h	192.70	+0.036%	$57K	$154K	10x	as long as short
Vest SKHY-USD-PERP	+0.0046%	1h	192.69	+0.031%	—	$11K	10x	as long as short
Popdex SKHYUSDT	+0.0048%	1h	192.70	+0.036%	$199K	$256K	20x	as long as short
tradeXYZ xyz:SKHY	+0.0050%	1h	192.61	−0.010%	$161.2M	$67.2M	10x	as long as short
Polymarket Perps SKHY-USD	+0.0050%	1h	192.61	−0.010%	$188K	$456K	10x	as long as short
SoDEX SKHY-USDlong	+0.0050%	1h	192.63	long leg	$43K	$13K	10x
Ondo Perps SKHY-USD.P	+0.0050%	1h	192.65	+0.010%	$584K	$2.2M	10x	as long as short
Deribit SKHY_USDC-PERPETUAL	+0.0062%	1h	192.60	−0.016%	$49K	$295K	10x	as long as short
KuCoin SKHYUSDTM	+0.0100%	8h	192.72	+0.047%	$1.1M	$290K	20x	as long as short
Orderly PERP_SKHY_USDC_mythos	+0.0100%	8h	192.68	+0.026%	$2K	$4K	10x	as long as short
BloFin SKHY-USDT	+0.0120%	8h	192.59	−0.021%	$2.2M	$445K	50x	as long as short
Bitget SKHYUSDT	+0.0135%	8h	192.75	+0.062%	$25.4M	$26.7M	20x	as long as short
Nado SKHY-PERP	+0.0167%	1h	192.74	+0.058%	$38K	$26K	10x	as long as short
Phoenix SKHY	+0.0332%	1h	192.88	+0.130%	$216K	$124K	10x	as long as short
Kraken Futures PF_SKHYUSD	+0.0547%	1h	192.76	+0.069%	$51K	$17K	20x	as long as short