Funding arb · Price arb /

SKHY

RWAall SKHY markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0072%/8h= −7.9% APRpaid last 24h +0.001%

Price spread now: Coinbase International against SunX+0.595%7-day average −0.015% · you sell dearer than you buy

Net, funding: paid 7d − costs−$152as in the Funding arb table

Net, price: spread back to 7d avg − costs−$82as in the Price arb table

costs, in and out, $10k−$1431.434% of the position

Long on SunX Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days−0.083%−$8 on $10k

Price spread, last 4 days (all we have)−0.769%−$77 · spread now +0.595%, 7d avg −0.015%

Together, before fees−0.852%−$85 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Coinbase International is 0.611% dearer against SunX than usual: you sell high and buy low (spread +0.595% now, against its 7-day average of −0.015%): +$61 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 28 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX SKHY-USDT	186.47	0	get 0.0000% / 8h	6m 07s	$682	$6.0M	10x
Short	Coinbase International SKHY-PERP-INTX	187.58	−0.0072	pay 0.0009% / 1h	6m 07s	$68K	$791K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against SunX. 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 SunXbpFee Coinbase InternationalbpOrdersPrice spread, now +0.595%Rate

Funding earned: −$15.12
Price spread: +0.595% → −0.015%: $61.07
Slippage, 4 orders: −$125.43
Fee SunX: 4 bp × 2 orders: −$8
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$97.48
Costs to cover: 1.434%
Break-even: never at this rate

Slippage from SunX: live order book, 13 min ago; Coinbase International: live order book, 32 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 SunX live order book, 13 min ago	29.72 bp	47.7 bp −$48	doesn't fit	doesn't fit	doesn't fit
Sell Coinbase International live order book, 32 min ago	5.89 bp	10.9 bp −$11	14.5 bp −$145	doesn't fit	doesn't fit

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	−0.1248%	8h	186.46	−0.005%	$25.6M	$33.5M	20x	as long as short
Kraken Futures PF_SKHYUSD	−0.0266%	1h	186.33	−0.077%	$48K	$21K	20x	as long as short
tradeXYZ xyz:SKHY	−0.0126%	1h	186.21	−0.139%	$158.1M	$76.8M	10x	as long as short
Nado SKHY-PERP	−0.0117%	1h	186.29	−0.094%	$33K	$28K	10x	as long as short
Coinbase International SKHY-PERP-INTXshort	−0.0072%	1h	187.58	+0.595%	$68K	$791K	10x
QFEX SKHY-USD	−0.0061%	1h	186.23	−0.129%	$1.2M	$4.3M	10x	as long as short
KuCoin SKHYUSDTM	−0.0058%	8h	186.18	−0.156%	$1.1M	$350K	20x	as long as short
Polymarket Perps SKHY-USD	−0.0040%	1h	186.17	−0.161%	$180K	$486K	10x	as long as short
edgeX SKHYUSDC	−0.0018%	4h	186.11	−0.191%	$561K	$290K	10x	as long as short
Aster SKHYUSDT	0.0000%	8h	186.27	−0.108%	$225K	$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	186.17	−0.163%	$54K	$7K	10x	as long as short
Binance SKHYUSDT	0.0000%	8h	186.20	−0.142%	$199.7M	$453.0M	50x	as long as short
Bybit SKHYUSDT	0.0000%	8h	186.23	−0.129%	$16.6M	$29.5M	100x	as long as short
OKX SKHY-USDT-SWAP	0.0000%	8h	186.22	−0.134%	$44.5M	$80.2M	50x	as long as short
Gate SKHY_USDT	0.0000%	8h	186.21	−0.139%	$25.5M	$21.2M	75x	as long as short
Variational Omni SKHY	0.0000%	8h	186.12	−0.187%	$1.6M	$1.1M	—	as long as short
GRVT SKHY_USDT_Perp	0.0000%	8h	186.15	−0.172%	$22K	$238K	10x	as long as short
SunX SKHY-USDTlong	0.0000%	8h	186.47	long leg	$682	$6.0M	10x
Deribit SKHY_USDC-PERPETUAL	0.0000%	1h	186.26	−0.113%	$49K	$348K	10x	as long as short
HTX SKHY-USDT	0.0000%	8h	186.19	−0.150%	$154K	$363K	50x	as long as short
Phemex SKHYUSDT	0.0000%	8h	186.24	−0.123%	$1.5M	$1.1M	10x	as long as short
Popdex SKHYUSDT	+0.0008%	1h	186.23	−0.129%	$204K	$287K	20x	as long as short
Lighter SKHY	+0.0016%	1h	186.15	−0.172%	$972K	$1.2M	10x	as long as short
Lighter RH SKHY	+0.0032%	1h	186.16	−0.166%	$1.1M	$1.5M	10x	as long as short
Arcus SKHY-USD	+0.0040%	1h	186.18	−0.156%	$60K	$171K	10x	as long as short
Vest SKHY-USD-PERP	+0.0046%	1h	186.16	−0.166%	—	$32K	10x	as long as short
SoDEX SKHY-USD	+0.0050%	1h	186.20	−0.145%	$41K	$12K	10x	as long as short
Ondo Perps SKHY-USD.P	+0.0050%	1h	186.05	−0.225%	$520K	$2.6M	10x	as long as short
Orderly PERP_SKHY_USDC_mythos	+0.0100%	8h	186.23	−0.129%	$2K	$4K	10x	as long as short
BloFin SKHY-USDT	+0.0120%	8h	186.17	−0.161%	$2.2M	$426K	50x	as long as short
Phoenix SKHY	+0.0129%	1h	186.40	−0.038%	$209K	$123K	10x	as long as short