Funding arb · Price arb /

SKHY

RWAall SKHY markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.011%

Price spread now: Deribit against Binance−0.030%7-day average +0.028% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$46as in the Price arb table

costs, in and out, $10k−$400.405% of the position

Long on Binance Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.044%−$4 on $10k

Price spread, last 4 days (all we have)−0.039%−$4 · spread now −0.030%, 7d avg +0.028%

Together, before fees−0.083%−$8 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Deribit is 0.058% cheaper against Binance than usual: you would sell low and buy high, −$6 on $10k if it goes back to its 7-day average of +0.028%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance SKHYUSDT	186.60	0	get 0.0000% / 8h	6h 56m	$197.5M	$468.4M	50x
Short	Deribit SKHY_USDC-PERPETUAL	186.54	0	get 0.0000% / 1h	56m 54s	$47K	$355K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit against Binance. 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 BinancebpFee DeribitbpOrdersPrice spread, now −0.030%Rate

Funding earned: $0
Price spread: −0.030% → +0.028%: −$5.81
Slippage, 4 orders: −$23.49
Fee Binance: 5 bp × 2 orders: −$10
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$46.3
Costs to cover: 0.405%
Break-even: never at this rate

Slippage from Binance: live order book, 2 min ago; Deribit: live order book, 37 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 Binance live order book, 2 min ago	0.27 bp	5.6 bp −$6	6.5 bp −$65	20.5 bp −$2,047	doesn't fit
Sell Deribit live order book, 37 min ago	5.97 bp	13.0 bp −$13	16.5 bp −$165	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	−0.0991%	8h	186.73	+0.072%	$25.7M	$35.4M	20x	as long as short
edgeX SKHYUSDC	−0.0405%	4h	186.37	−0.121%	$562K	$289K	10x	as long as short
KuCoin SKHYUSDTM	−0.0184%	8h	186.56	−0.019%	$1.1M	$401K	20x	as long as short
QFEX SKHY-USD	−0.0005%	1h	186.51	−0.046%	$1.2M	$4.3M	10x	as long as short
Aster SKHYUSDT	0.0000%	8h	186.57	−0.015%	$266K	$949K	50x	as long as short
Extended SKHY-USD	0.0000%	1h	186.55	−0.024%	$54K	$7K	10x	as long as short
Binance SKHYUSDTlong	0.0000%	8h	186.60	long leg	$197.5M	$468.4M	50x
Bybit SKHYUSDT	0.0000%	8h	186.66	+0.034%	$16.0M	$33.4M	100x	as long as short
OKX SKHY-USDT-SWAP	0.0000%	8h	186.67	+0.040%	$44.3M	$83.3M	50x	as long as short
Gate SKHY_USDT	0.0000%	8h	186.67	+0.040%	$25.6M	$21.3M	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 SKHY	0.0000%	8h	186.05	−0.292%	$1.5M	$1.1M	—	as long as short
GRVT SKHY_USDT_Perp	0.0000%	8h	186.06	−0.288%	$22K	$247K	10x	as long as short
SunX SKHY-USDT	0.0000%	8h	186.89	+0.157%	$684	$5.7M	10x	as long as short
Deribit SKHY_USDC-PERPETUALshort	0.0000%	1h	186.54	−0.030%	$47K	$355K	10x
HTX SKHY-USDT	0.0000%	8h	186.54	−0.030%	$155K	$377K	50x	as long as short
Phemex SKHYUSDT	0.0000%	8h	186.61	+0.007%	$1.5M	$1.1M	10x	as long as short
Nado SKHY-PERP	+0.0011%	1h	186.62	+0.013%	$32K	$28K	10x	as long as short
Lighter SKHY	+0.0032%	1h	186.55	−0.025%	$993K	$1.3M	10x	as long as short
Lighter RH SKHY	+0.0032%	1h	186.53	−0.035%	$1.1M	$1.5M	10x	as long as short
Arcus SKHY-USD	+0.0040%	1h	186.49	−0.057%	$60K	$173K	10x	as long as short
Vest SKHY-USD-PERP	+0.0046%	1h	186.53	−0.035%	—	$39K	10x	as long as short
Popdex SKHYUSDT	+0.0048%	1h	186.55	−0.025%	$199K	$299K	20x	as long as short
tradeXYZ xyz:SKHY	+0.0050%	1h	186.66	+0.034%	$158.0M	$78.4M	10x	as long as short
Polymarket Perps SKHY-USD	+0.0050%	1h	186.54	−0.030%	$180K	$451K	10x	as long as short
Ondo Perps SKHY-USD.P	+0.0050%	1h	186.48	−0.062%	$514K	$2.6M	10x	as long as short
Coinbase International SKHY-PERP-INTX	+0.0056%	1h	186.08	−0.277%	$110K	$887K	10x	as long as short
Orderly PERP_SKHY_USDC_mythos	+0.0100%	8h	186.58	−0.009%	$2K	$4K	10x	as long as short
BloFin SKHY-USDT	+0.0120%	8h	186.57	−0.014%	$2.1M	$461K	50x	as long as short
Phoenix SKHY	+0.0215%	1h	186.25	−0.186%	$209K	$123K	10x	as long as short
SoDEX SKHY-USD	+0.0271%	1h	186.53	−0.035%	$41K	$12K	10x	as long as short
Kraken Futures PF_SKHYUSD	+0.0755%	1h	186.66	+0.036%	$48K	$20K	20x	as long as short