Funding arb · Price arb /

SKHY

RWAall SKHY markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0120%/8hnext payment +$1.20 per $10,000 · paid last 24h +0.054%

Price spread now: BloFin against Bitget+0.111%115s7-day average +0.003% · you sell dearer than you buy

Net, funding: paid 7d − costs−$12as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$310.313% of the position

Long on Bitget Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.195%+$20 on $10k

Price spread, last 3 days (all we have)−0.111%−$11 · spread now +0.111%, 7d avg +0.003%

Together, before fees+0.084%+$8 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and BloFin is 0.108% dearer against Bitget than usual: you sell high and buy low: +$11 more if the spread goes back to its 7-day average of +0.003%. The two prices were read 115 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget SKHYUSDT	189.29	0	get 0.0000% / 8h	4h 23m	$25.6M	$23.7M	20x
Short	BloFin SKHY-USDT	189.50	0.0120	get 0.0120% / 8h	4h 23m	$2.3M	$364K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against Bitget. 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 BitgetbpFee BloFinbpOrdersPrice spread, now +0.111%Rate

Funding earned: $25.2
Price spread: +0.111% → +0.003%: $10.75
Slippage, 4 orders: −$7.26
Fee Bitget: 6 bp × 2 orders: −$12
Fee BloFin: 6 bp × 2 orders: −$12
Net: $4.7
Costs to cover: 0.313%
Break-even: 5.7 days

Slippage from Bitget: live order book, 10 min ago; BloFin: live order book, 9 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 Bitget live order book, 10 min ago	0.79 bp	9.3 bp −$9	15.4 bp −$154	20.3 bp −$2,025	38.1 bp −$19.0K
Sell BloFin live order book, 9 min ago	0.26 bp	7.0 bp −$7	9.7 bp −$97	18.5 bp −$1,852	30.5 bp −$15.2K

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
edgeX SKHYUSDC	−0.0474%	4h	189.44	+0.077%	$571K	$289K	10x	as long as short
Nado SKHY-PERP	−0.0190%	1h	189.22	−0.034%	$28K	$2K	10x	as long as short
KuCoin SKHYUSDTM	−0.0022%	8h	189.28	−0.005%	$1.1M	$302K	20x	as long as short
tradeXYZ xyz:SKHY	−0.0011%	1h	189.24	−0.026%	$166.9M	$62.3M	10x	as long as short
QFEX SKHY-USD	−0.0006%	1h	189.23	−0.032%	$1.2M	$5.2M	10x	as long as short
Aster SKHYUSDT	0.0000%	8h	189.28	−0.006%	$265K	$840K	50x	as long as short
Extended SKHY-USD	0.0000%	1h	189.28	−0.007%	$55K	$4K	10x	as long as short
Binance SKHYUSDT	0.0000%	8h	189.29	0.000%	$214.9M	$363.2M	50x	as long as short
Bybit SKHYUSDT	0.0000%	8h	189.30	+0.005%	$16.1M	$25.2M	100x	as long as short
OKX SKHY-USDT-SWAP	0.0000%	8h	189.26	−0.016%	$47.3M	$60.1M	50x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate SKHY_USDT	0.0000%	8h	189.21	−0.042%	$26.7M	$16.5M	75x	as long as short
Bitget SKHYUSDTlong	0.0000%	8h	189.29	long leg	$25.6M	$23.7M	20x
Variational Omni SKHY	0.0000%	8h	189.45	+0.087%	$1.5M	$2.5M	—	as long as short
GRVT SKHY_USDT_Perp	0.0000%	8h	189.44	+0.077%	$22K	$207K	10x	as long as short
SunX SKHY-USDT	0.0000%	8h	189.58	+0.153%	$694	$7.4M	10x	as long as short
Deribit SKHY_USDC-PERPETUAL	0.0000%	1h	189.37	+0.042%	$45K	$205K	10x	as long as short
HTX SKHY-USDT	0.0000%	8h	189.31	+0.011%	$155K	$381K	50x	as long as short
Phemex SKHYUSDT	0.0000%	8h	188.99	−0.158%	$1.5M	$1.1M	10x	as long as short
Polymarket Perps SKHY-USD	+0.0024%	1h	189.18	−0.058%	$192K	$922K	10x	as long as short
Lighter SKHY	+0.0032%	1h	189.21	−0.042%	$1.0M	$686K	10x	as long as short
Lighter RH SKHY	+0.0032%	1h	189.13	−0.085%	$1.1M	$1.4M	10x	as long as short
Ondo Perps SKHY-USD.P	+0.0039%	1h	189.14	−0.079%	$527K	$846K	10x	as long as short
Arcus SKHY-USD	+0.0040%	1h	189.18	−0.058%	$62K	$141K	10x	as long as short
Vest SKHY-USD-PERP	+0.0046%	1h	189.29	0.000%	—	$11K	10x	as long as short
Popdex SKHYUSDT	+0.0048%	1h	189.25	−0.021%	$204K	$232K	20x	as long as short
SoDEX SKHY-USD	+0.0050%	1h	189.27	−0.011%	$42K	$12K	10x	as long as short
Orderly PERP_SKHY_USDC_mythos	+0.0100%	8h	189.31	+0.011%	$2K	$5K	10x	as long as short
Coinbase International SKHY-PERP-INTX	+0.0112%	1h	189.61	+0.169%	$170K	$670K	10x	as long as short
BloFin SKHY-USDTshort	+0.0120%	8h	189.50	+0.111%	$2.3M	$364K	50x
Phoenix SKHY	+0.0297%	1h	189.68	+0.206%	$214K	$119K	10x	as long as short
Kraken Futures PF_SKHYUSD	+0.0740%	1h	189.41	+0.064%	$50K	$26K	20x	as long as short