Funding arb · Price arb /

SKHY

RWAall SKHY markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0050%/8h= +5.5% APRpaid last 24h +0.013%

Price spread now: Ondo Perps against Aster−0.125%7-day average −0.029% · you buy dearer than you sell

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

Long on Aster Short on Ondo Perps

What this pair did over the last

the charts below follow

Funding, last 7 days+0.111%+$11 on $10k

Price spread, last 4 days (all we have)+0.086%+$9 · spread now −0.125%, 7d avg −0.029%

Together, before fees+0.197%+ Points / potential airdropAster: Stage 5 · Ondo Perps: Active · farm board+$20 on $10k · with fees, hour by hour

Funding pays, the price is against you. Ondo Perps is 0.096% cheaper against Aster than usual: you would sell low and buy high (spread −0.125% now, against its 7-day average of −0.029%). If the spread goes back, that is −$10 on $10k: about 6.3 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	Aster SKHYUSDT	186.28	0	get 0.0000% / 8h	7m 21s	$225K	$899K	50x
Short	Ondo Perps SKHY-USD.P	186.05	0.0050	get 0.0006% / 1h	7m 21s	$520K	$2.6M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Ondo Perps against Aster. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 AsterbpFee Ondo PerpsbpOrdersPrice spread, now −0.125%Rate

Funding earned: $10.58
Price spread: −0.125% → −0.029%: −$9.58
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Net: −$12
Costs to cover: 0.130%
Break-even: 14.9 days

Slippage unknown: Aster: live order book, 31 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 Aster live order book, 31 min ago	1.34 bp	7.7 bp −$8	19.9 bp −$199	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	−0.1249%	8h	186.45	+0.090%	$25.6M	$33.5M	20x	as long as short
Kraken Futures PF_SKHYUSD	−0.0266%	1h	186.34	+0.030%	$48K	$21K	20x	as long as short
tradeXYZ xyz:SKHY	−0.0130%	1h	186.20	−0.045%	$158.1M	$76.8M	10x	as long as short
Nado SKHY-PERP	−0.0118%	1h	186.30	+0.011%	$33K	$28K	10x	as long as short
Coinbase International SKHY-PERP-INTX	−0.0072%	1h	187.58	+0.696%	$68K	$795K	10x	as long as short
QFEX SKHY-USD	−0.0061%	1h	186.21	−0.039%	$1.2M	$4.3M	10x	as long as short
KuCoin SKHYUSDTM	−0.0058%	8h	186.19	−0.050%	$1.1M	$349K	20x	as long as short
Polymarket Perps SKHY-USD	−0.0044%	1h	186.16	−0.066%	$180K	$486K	10x	as long as short
edgeX SKHYUSDC	−0.0018%	4h	186.11	−0.090%	$561K	$290K	10x	as long as short
Aster SKHYUSDTlong	0.0000%	8h	186.28	long leg	$225K	$899K	50x

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended SKHY-USD	0.0000%	1h	186.19	−0.052%	$54K	$7K	10x	as long as short
Binance SKHYUSDT	0.0000%	8h	186.23	−0.029%	$199.8M	$453.0M	50x	as long as short
Bybit SKHYUSDT	0.0000%	8h	186.25	−0.018%	$16.6M	$29.5M	100x	as long as short
OKX SKHY-USDT-SWAP	0.0000%	8h	186.22	−0.034%	$44.5M	$80.0M	50x	as long as short
Popdex SKHYUSDT	0.0000%	1h	186.25	−0.018%	$204K	$287K	20x	as long as short
Gate SKHY_USDT	0.0000%	8h	186.22	−0.034%	$25.5M	$21.1M	75x	as long as short
Variational Omni SKHY	0.0000%	8h	186.12	−0.087%	$1.6M	$1.1M	—	as long as short
GRVT SKHY_USDT_Perp	0.0000%	8h	186.15	−0.071%	$22K	$238K	10x	as long as short
SunX SKHY-USDT	0.0000%	8h	186.51	+0.122%	$683	$6.0M	10x	as long as short
Deribit SKHY_USDC-PERPETUAL	0.0000%	1h	186.27	−0.007%	$49K	$348K	10x	as long as short
HTX SKHY-USDT	0.0000%	8h	186.16	−0.066%	$154K	$363K	50x	as long as short
Phemex SKHYUSDT	0.0000%	8h	186.26	−0.012%	$1.5M	$1.1M	10x	as long as short
Lighter SKHY	+0.0016%	1h	186.20	−0.045%	$973K	$1.2M	10x	as long as short
Lighter RH SKHY	+0.0032%	1h	186.17	−0.061%	$1.1M	$1.5M	10x	as long as short
Arcus SKHY-USD	+0.0040%	1h	186.18	−0.055%	$60K	$171K	10x	as long as short
Vest SKHY-USD-PERP	+0.0046%	1h	186.13	−0.082%	—	$32K	10x	as long as short
SoDEX SKHY-USD	+0.0050%	1h	186.22	−0.034%	$41K	$12K	10x	as long as short
Ondo Perps SKHY-USD.Pshort	+0.0050%	1h	186.05	−0.125%	$520K	$2.6M	10x
Orderly PERP_SKHY_USDC_mythos	+0.0100%	8h	186.24	−0.023%	$2K	$4K	10x	as long as short
BloFin SKHY-USDT	+0.0120%	8h	186.17	−0.061%	$2.2M	$426K	50x	as long as short
Phoenix SKHY	+0.0129%	1h	186.40	+0.063%	$209K	$123K	10x	as long as short