Funding arb · Price arb /

SKHY

RWAall SKHY markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0067%/8h= −7.4% APRpaid last 24h −0.014%

Price spread now: Variational Omni against Vest+0.053%7-day average — · you sell dearer than you buy

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

Long on Vest Short on Variational Omni

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—+ Points / potential airdropVest: Active · Variational Omni: Active · farm boardneeds both histories

The price spread pays, funding is against you. Variational Omni is 0.053% dearer against Vest than usual: you sell high and buy low (spread +0.053% now, against zero (this spread has no 7-day history yet)): +$5 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 2.6 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Vest SKHY-USD-PERP	184.74	0.0046	pay 0.0006% / 1h	19m 49s	—	$38K	10x
Short	Variational Omni SKHY	184.84	−0.0022	pay 0.0022% / 8h	7h 19m	$1.6M	$1.0M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against Vest. 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 VestbpFee Variational OmnibpOrdersPrice spread, now +0.053%Rate

Funding earned: −$14.13
Price spread: +0.053% → 0.000%: $5.32
Slippage, 4 orders: no order book: not counted
Fee Vest: 1 bp × 2 orders: −$2
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$10.82
Costs to cover: 0.020%
Break-even: from the start

Slippage unknown: Vest: 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 Vest no order-book sample	—	—	—	—	—
Sell Variational Omni RFQ quote, 4 min ago	2.26 bp	doesn't fit	7.4 bp −$74	doesn't fit	doesn't fit

Vest: 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	−0.1152%	8h	185.07	+0.179%	$25.5M	$35.2M	20x	as long as short
KuCoin SKHYUSDTM	−0.0246%	8h	184.74	0.000%	$1.1M	$376K	20x	as long as short
edgeX SKHYUSDC	−0.0224%	4h	184.38	−0.192%	$556K	$290K	10x	as long as short
GRVT SKHY_USDT_Perp	−0.0198%	8h	184.46	−0.152%	$22K	$246K	10x	as long as short
tradeXYZ xyz:SKHY	−0.0051%	1h	184.92	+0.097%	$156.7M	$78.0M	10x	as long as short
Extended SKHY-USD	−0.0048%	1h	184.82	+0.043%	$54K	$7K	10x	as long as short
Binance SKHYUSDT	−0.0041%	8h	184.95	+0.113%	$196.1M	$465.0M	50x	as long as short
Nado SKHY-PERP	−0.0032%	1h	184.88	+0.075%	$32K	$28K	10x	as long as short
QFEX SKHY-USD	−0.0028%	1h	184.84	+0.054%	$1.2M	$4.3M	10x	as long as short
Variational Omni SKHYshort	−0.0022%	8h	184.84	+0.053%	$1.6M	$1.0M	—

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster SKHYUSDT	0.0000%	8h	184.71	−0.016%	$265K	$951K	50x	as long as short
Bybit SKHYUSDT	0.0000%	8h	184.96	+0.119%	$16.0M	$33.3M	100x	as long as short
OKX SKHY-USDT-SWAP	0.0000%	8h	184.92	+0.097%	$43.8M	$81.8M	50x	as long as short
Gate SKHY_USDT	0.0000%	8h	184.96	+0.119%	$25.5M	$21.8M	75x	as long as short
SunX SKHY-USDT	0.0000%	8h	185.08	+0.184%	$677	$5.9M	10x	as long as short
Deribit SKHY_USDC-PERPETUAL	0.0000%	1h	184.94	+0.108%	$47K	$354K	10x	as long as short
HTX SKHY-USDT	0.0000%	8h	184.72	−0.011%	$153K	$375K	50x	as long as short
Phemex SKHYUSDT	0.0000%	8h	184.88	+0.076%	$1.5M	$1.1M	10x	as long as short
Coinbase International SKHY-PERP-INTX	+0.0024%	1h	183.79	−0.514%	$66K	$750K	10x	as long as short
Lighter SKHY	+0.0032%	1h	184.94	+0.108%	$983K	$1.3M	10x	as long as short
Lighter RH SKHY	+0.0032%	1h	184.88	+0.076%	$1.1M	$1.5M	10x	as long as short
Ondo Perps SKHY-USD.P	+0.0039%	1h	184.81	+0.038%	$510K	$2.6M	10x	as long as short
Arcus SKHY-USD	+0.0040%	1h	184.70	−0.022%	$59K	$173K	10x	as long as short
Vest SKHY-USD-PERPlong	+0.0046%	1h	184.74	long leg	—	$38K	10x
Popdex SKHYUSDT	+0.0048%	1h	184.80	+0.032%	$199K	$295K	20x	as long as short
Polymarket Perps SKHY-USD	+0.0050%	1h	184.75	+0.005%	$179K	$451K	10x	as long as short
SoDEX SKHY-USD	+0.0050%	1h	184.76	+0.011%	$41K	$12K	10x	as long as short
BloFin SKHY-USDT	+0.0067%	8h	184.83	+0.049%	$2.1M	$446K	50x	as long as short
Orderly PERP_SKHY_USDC_mythos	+0.0100%	8h	184.76	+0.011%	$2K	$4K	10x	as long as short
Kraken Futures PF_SKHYUSD	+0.0171%	1h	184.94	+0.110%	$48K	$20K	20x	as long as short
Phoenix SKHY	+0.0215%	1h	184.57	−0.092%	$207K	$123K	10x	as long as short