Funding arb · Price arb /

SKHY

RWAall SKHY markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0050%/8h= +5.5% APRpaid last 24h +0.015%

Price spread now: Ondo Perps against Variational Omni−0.075%7-day average −0.034% · you buy dearer than you sell

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

Long on Variational Omni Short on Ondo Perps

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.036%+$4 on $10k

Price spread, last 7 days+0.085%+$9 · spread now −0.075%, 7d avg −0.034%

Together, before fees+0.121%+ Points / potential airdropVariational Omni: Active · Ondo Perps: Active · farm board+$12 on $10k · with fees, hour by hour

Funding pays, the price is against you. Ondo Perps is 0.042% cheaper against Variational Omni than usual: you would sell low and buy high (spread −0.075% now, against its 7-day average of −0.034%). If the spread goes back, that is −$4 on $10k: about 2.7 days of funding at the current rate (+$2 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni SKHY	188.92	0	get 0.0000% / 8h	3h 05m	$1.6M	$1.1M	—
Short	Ondo Perps SKHY-USD.P	188.78	0.0050	get 0.0006% / 1h	5m 26s	$526K	$2.6M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Ondo Perps against Variational Omni. 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 Variational OmnibpFee Ondo PerpsbpOrdersPrice spread, now −0.075%Rate

Funding earned: $10.58
Price spread: −0.075% → −0.034%: −$4.15
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Net: $1.43
Costs to cover: 0.050%
Break-even: 6.1 days

Slippage unknown: Variational Omni: RFQ quote, 4 min ago; Ondo Perps: no order-book sample. 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 Variational Omni RFQ quote, 4 min ago	2.25 bp	doesn't fit	7.1 bp −$71	doesn't fit	doesn't fit
Sell Ondo Perps no order-book sample	—	—	—	—	—

Ondo Perps: 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	−0.0318%	8h	188.91	−0.006%	$24.3M	$29.4M	20x	as long as short
Coinbase International SKHY-PERP-INTX	−0.0104%	1h	189.86	+0.497%	$36K	$876K	10x	as long as short
edgeX SKHYUSDC	−0.0055%	4h	188.56	−0.191%	$568K	$290K	10x	as long as short
tradeXYZ xyz:SKHY	−0.0017%	1h	188.78	−0.075%	$158.4M	$70.0M	10x	as long as short
Aster SKHYUSDT	0.0000%	8h	188.82	−0.052%	$244K	$895K	50x	as long as short
Extended SKHY-USD	0.0000%	1h	188.70	−0.119%	$55K	$7K	10x	as long as short
Binance SKHYUSDT	0.0000%	8h	188.79	−0.070%	$199.2M	$412.3M	50x	as long as short
Bybit SKHYUSDT	0.0000%	8h	188.84	−0.043%	$15.4M	$29.1M	100x	as long as short
OKX SKHY-USDT-SWAP	0.0000%	8h	188.82	−0.054%	$44.7M	$73.7M	50x	as long as short
Gate SKHY_USDT	0.0000%	8h	188.72	−0.107%	$25.2M	$19.9M	75x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni SKHYlong	0.0000%	8h	188.92	long leg	$1.6M	$1.1M	—
GRVT SKHY_USDT_Perp	0.0000%	8h	188.81	−0.057%	$22K	$216K	10x	as long as short
SunX SKHY-USDT	0.0000%	8h	189.28	+0.190%	$693	$6.2M	10x	as long as short
Deribit SKHY_USDC-PERPETUAL	0.0000%	1h	189.00	+0.041%	$48K	$330K	10x	as long as short
HTX SKHY-USDT	0.0000%	8h	188.92	−0.001%	$157K	$370K	50x	as long as short
Phemex SKHYUSDT	0.0000%	8h	189.05	+0.068%	$1.5M	$1.1M	10x	as long as short
Lighter SKHY	+0.0008%	1h	188.75	−0.091%	$995K	$747K	10x	as long as short
QFEX SKHY-USD	+0.0011%	1h	188.80	−0.065%	$1.2M	$4.1M	10x	as long as short
Nado SKHY-PERP	+0.0014%	1h	188.90	−0.010%	$33K	$28K	10x	as long as short
Lighter RH SKHY	+0.0032%	1h	188.77	−0.080%	$1.0M	$1.5M	10x	as long as short
Arcus SKHY-USD	+0.0040%	1h	188.80	−0.065%	$58K	$164K	10x	as long as short
Vest SKHY-USD-PERP	+0.0046%	1h	188.87	−0.027%	—	$12K	10x	as long as short
Popdex SKHYUSDT	+0.0048%	1h	188.80	−0.065%	$199K	$257K	20x	as long as short
Polymarket Perps SKHY-USD	+0.0050%	1h	188.69	−0.123%	$182K	$472K	10x	as long as short
SoDEX SKHY-USD	+0.0050%	1h	188.90	−0.012%	$42K	$13K	10x	as long as short
Ondo Perps SKHY-USD.Pshort	+0.0050%	1h	188.78	−0.075%	$526K	$2.6M	10x
KuCoin SKHYUSDTM	+0.0100%	8h	188.83	−0.049%	$1.1M	$312K	20x	as long as short
Orderly PERP_SKHY_USDC_mythos	+0.0100%	8h	189.04	+0.062%	$2K	$4K	10x	as long as short
BloFin SKHY-USDT	+0.0120%	8h	188.86	−0.033%	$2.2M	$437K	50x	as long as short
Phoenix SKHY	+0.0375%	1h	189.01	+0.047%	$212K	$124K	10x	as long as short
Kraken Futures PF_SKHYUSD	+0.0693%	1h	189.02	+0.051%	$48K	$19K	20x	as long as short