Funding arb · Price arb /

SKHY

RWAall SKHY markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.1050%/8h= −114.9% APRpaid last 24h −0.004%

Price spread now: Bitget against tradeXYZ+0.145%7-day average +0.046% · you sell dearer than you buy

Net, funding: paid 7d − costs−$30as in the Funding arb table

Net, price: spread back to 7d avg − costs−$28as in the Price arb table

costs, in and out, $10k−$380.378% of the position

Long on tradeXYZ Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days+0.075%+$7 on $10k

Price spread, last 7 days−0.099%−$10 · spread now +0.145%, 7d avg +0.046%

Together, before fees−0.024%+ Points / potential airdroptradeXYZ: Active · farm board−$2 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Bitget is 0.098% dearer against tradeXYZ than usual: you sell high and buy low (spread +0.145% now, against its 7-day average of +0.046%): +$10 on $10k if it goes back. Holding the pair costs −$31 a day in funding at the current rate, which eats that in about 7 hours. Mind the row above: over the last 7 days funding on this pair paid +0.075%, so the current rate has only just turned against you.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.075% in total (about 3.9% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	tradeXYZ xyz:SKHY	186.50	−0.0210	get 0.0026% / 1h	31m 09s	$158.4M	$76.9M	10x
Short	Bitget SKHYUSDT	186.77	−0.1260	pay 0.1260% / 8h	31m 09s	$25.4M	$33.1M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against tradeXYZ. 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 tradeXYZbpFee BitgetbpOrdersPrice spread, now +0.145%Rate

Funding earned: −$220.4
Price spread: +0.145% → +0.046%: $9.83
Slippage, 4 orders: −$7.81
Fee tradeXYZ: 9 bp × 2 orders: −$18
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$248.38
Costs to cover: 0.378%
Break-even: never at this rate

Slippage from tradeXYZ: live order book, 9 min ago; Bitget: live order book, 3 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 tradeXYZ live order book, 9 min ago	0.54 bp	10.1 bp −$10	10.9 bp −$109	doesn't fit	doesn't fit
Sell Bitget live order book, 3 min ago	0.80 bp	7.6 bp −$8	16.5 bp −$165	30.7 bp −$3,072	49.8 bp −$24.9K

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 SKHYUSDTshort	−0.1260%	8h	186.77	+0.145%	$25.4M	$33.1M	20x
edgeX SKHYUSDC	−0.0943%	4h	186.65	+0.081%	$563K	$291K	10x	as long as short
Kraken Futures PF_SKHYUSD	−0.0266%	1h	186.64	+0.075%	$48K	$21K	20x	as long as short
tradeXYZ xyz:SKHYlong	−0.0210%	1h	186.50	long leg	$158.4M	$76.9M	10x
Nado SKHY-PERP	−0.0169%	1h	186.69	+0.102%	$33K	$28K	10x	as long as short
Polymarket Perps SKHY-USD	−0.0122%	1h	186.50	0.000%	$180K	$487K	10x	as long as short
Popdex SKHYUSDT	−0.0120%	1h	186.61	+0.059%	$205K	$288K	20x	as long as short
Coinbase International SKHY-PERP-INTX	−0.0072%	1h	187.58	+0.579%	$68K	$905K	10x	as long as short
QFEX SKHY-USD	−0.0061%	1h	186.62	+0.064%	$1.2M	$4.3M	10x	as long as short
KuCoin SKHYUSDTM	−0.0037%	8h	186.59	+0.048%	$1.1M	$328K	20x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter SKHY	−0.0008%	1h	186.51	+0.005%	$974K	$1.2M	10x	as long as short
Aster SKHYUSDT	0.0000%	8h	186.66	+0.087%	$223K	$925K	50x	as long as short
Extended SKHY-USD	0.0000%	1h	186.53	+0.019%	$54K	$7K	10x	as long as short
Binance SKHYUSDT	0.0000%	8h	186.56	+0.034%	$200.6M	$450.7M	50x	as long as short
Bybit SKHYUSDT	0.0000%	8h	186.56	+0.032%	$16.7M	$29.4M	100x	as long as short
OKX SKHY-USDT-SWAP	0.0000%	8h	186.51	+0.005%	$44.7M	$79.7M	50x	as long as short
Gate SKHY_USDT	0.0000%	8h	186.53	+0.016%	$25.5M	$21.0M	75x	as long as short
Variational Omni SKHY	0.0000%	8h	186.58	+0.042%	$1.6M	$1.0M	—	as long as short
GRVT SKHY_USDT_Perp	0.0000%	8h	186.63	+0.070%	$22K	$233K	10x	as long as short
SunX SKHY-USDT	0.0000%	8h	186.83	+0.177%	$684	$6.1M	10x	as long as short
Deribit SKHY_USDC-PERPETUAL	0.0000%	1h	186.61	+0.059%	$49K	$347K	10x	as long as short
HTX SKHY-USDT	0.0000%	8h	186.52	+0.011%	$155K	$363K	50x	as long as short
Phemex SKHYUSDT	0.0000%	8h	186.57	+0.038%	$1.5M	$1.1M	10x	as long as short
Ondo Perps SKHY-USD.P	+0.0029%	1h	186.60	+0.054%	$521K	$2.6M	10x	as long as short
Lighter RH SKHY	+0.0032%	1h	186.49	−0.005%	$1.1M	$1.5M	10x	as long as short
Arcus SKHY-USD	+0.0040%	1h	186.60	+0.054%	$60K	$171K	10x	as long as short
Vest SKHY-USD-PERP	+0.0046%	1h	186.59	+0.048%	—	$32K	10x	as long as short
SoDEX SKHY-USD	+0.0050%	1h	186.55	+0.027%	$41K	$12K	10x	as long as short
Orderly PERP_SKHY_USDC_mythos	+0.0100%	8h	186.58	+0.043%	$2K	$4K	10x	as long as short
BloFin SKHY-USDT	+0.0120%	8h	186.54	+0.021%	$2.2M	$426K	50x	as long as short
Phoenix SKHY	+0.0129%	1h	186.87	+0.198%	$209K	$123K	10x	as long as short