Funding arb · Price arb /

SKHY

RWAall SKHY markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0978%/8h= +107.1% APRpaid last 24h +0.007%

Price spread now: tradeXYZ against Bitget−0.070%7-day average −0.046% · you buy dearer than you sell

Net, funding: paid 7d − costs−$45as in the Funding arb table

Net, price: spread back to 7d avg − costs−$40as in the Price arb table

costs, in and out, $10k−$370.371% of the position

Long on Bitget Short on tradeXYZ

What this pair did over the last

the charts below follow

Funding, last 7 days−0.076%−$8 on $10k

Price spread, last 7 days+0.032%+$3 · spread now −0.070%, 7d avg −0.046%

Together, before fees−0.044%+ Points / potential airdroptradeXYZ: Active · farm board−$4 on $10k · with fees, hour by hour

Funding pays, the price is against you. tradeXYZ is 0.024% cheaper against Bitget than usual: you would sell low and buy high (spread −0.070% now, against its 7-day average of −0.046%). If the spread goes back, that is −$2 on $10k: about 2 hours of funding at the current rate (+$29 a day). Mind the row above: over the last 7 days funding on this pair cost −0.076%, so the current rate has only just turned in your favour.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.076% in total (about -3.9% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget SKHYUSDT	186.50	−0.1179	get 0.1179% / 8h	1h 38m	$25.0M	$31.7M	20x
Short	tradeXYZ xyz:SKHY	186.37	−0.0201	pay 0.0025% / 1h	38m 05s	$158.3M	$74.2M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

tradeXYZ 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 tradeXYZbpOrdersPrice spread, now −0.070%Rate

Funding earned: $205.41
Price spread: −0.070% → −0.046%: −$2.41
Slippage, 4 orders: −$7.14
Fee Bitget: 6 bp × 2 orders: −$12
Fee tradeXYZ: 9 bp × 2 orders: −$18
Net: $165.86
Costs to cover: 0.371%
Break-even: 1.3 days

Slippage from Bitget: live order book, 1 min ago; tradeXYZ: live order book, 12 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, 1 min ago	0.81 bp	8.0 bp −$8	15.0 bp −$150	20.8 bp −$2,075	38.7 bp −$19.4K
Sell tradeXYZ live order book, 12 min ago	0.27 bp	10.3 bp −$10	11.1 bp −$111	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 SKHYUSDTlong	−0.1179%	8h	186.50	long leg	$25.0M	$31.7M	20x
edgeX SKHYUSDC	−0.0809%	4h	186.57	+0.035%	$562K	$290K	10x	as long as short
Deribit SKHY_USDC-PERPETUAL	−0.0715%	1h	186.27	−0.123%	$49K	$341K	10x	as long as short
tradeXYZ xyz:SKHYshort	−0.0201%	1h	186.37	−0.070%	$158.3M	$74.2M	10x
Nado SKHY-PERP	−0.0195%	1h	186.42	−0.042%	$33K	$28K	10x	as long as short
Popdex SKHYUSDT	−0.0192%	1h	186.21	−0.155%	$196K	$274K	20x	as long as short
Polymarket Perps SKHY-USD	−0.0190%	1h	186.15	−0.188%	$180K	$487K	10x	as long as short
Lighter SKHY	−0.0144%	1h	186.26	−0.129%	$961K	$1.1M	10x	as long as short
Kraken Futures PF_SKHYUSD	−0.0139%	1h	186.36	−0.075%	$47K	$19K	20x	as long as short
Coinbase International SKHY-PERP-INTX	−0.0104%	1h	187.75	+0.670%	$63K	$902K	10x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
QFEX SKHY-USD	−0.0049%	1h	186.22	−0.150%	$1.2M	$4.1M	10x	as long as short
Ondo Perps SKHY-USD.P	−0.0042%	1h	186.07	−0.231%	$514K	$2.6M	10x	as long as short
Aster SKHYUSDT	0.0000%	8h	186.59	+0.050%	$226K	$916K	50x	as long as short
Extended SKHY-USD	0.0000%	1h	186.20	−0.162%	$54K	$7K	10x	as long as short
Binance SKHYUSDT	0.0000%	8h	186.35	−0.081%	$198.9M	$438.5M	50x	as long as short
Bybit SKHYUSDT	0.0000%	8h	186.38	−0.064%	$15.8M	$29.3M	100x	as long as short
OKX SKHY-USDT-SWAP	0.0000%	8h	186.39	−0.059%	$44.5M	$77.4M	50x	as long as short
Gate SKHY_USDT	0.0000%	8h	186.30	−0.107%	$25.5M	$20.4M	75x	as long as short
Variational Omni SKHY	0.0000%	8h	186.53	+0.017%	$1.6M	$1.0M	—	as long as short
GRVT SKHY_USDT_Perp	0.0000%	8h	186.59	+0.049%	$22K	$228K	10x	as long as short
SunX SKHY-USDT	0.0000%	8h	186.52	+0.011%	$683	$6.1M	10x	as long as short
HTX SKHY-USDT	0.0000%	8h	186.19	−0.166%	$154K	$367K	50x	as long as short
Phemex SKHYUSDT	0.0000%	8h	186.34	−0.086%	$1.5M	$1.1M	10x	as long as short
Lighter RH SKHY	+0.0032%	1h	186.27	−0.123%	$1.1M	$1.6M	10x	as long as short
Arcus SKHY-USD	+0.0040%	1h	186.51	+0.005%	$58K	$165K	10x	as long as short
Vest SKHY-USD-PERP	+0.0046%	1h	186.41	−0.048%	—	$24K	10x	as long as short
SoDEX SKHY-USD	+0.0050%	1h	186.25	−0.134%	$41K	$13K	10x	as long as short
KuCoin SKHYUSDTM	+0.0100%	8h	186.45	−0.027%	$1.1M	$328K	20x	as long as short
Orderly PERP_SKHY_USDC_mythos	+0.0100%	8h	186.28	−0.118%	$2K	$4K	10x	as long as short
BloFin SKHY-USDT	+0.0120%	8h	186.25	−0.134%	$2.2M	$419K	50x	as long as short
Phoenix SKHY	+0.0213%	1h	187.04	+0.290%	$210K	$115K	10x	as long as short