Settings8H · net · $10k
Funding arb · Price arb /

SKHY

RWAall SKHY markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 16:00 UTC−0.0316%/8h= −34.6% APRnext payment $3.16 per $10,000 · paid last 24h −0.035%
Price spread now: KuCoin against BloFin−0.119%80s7-day average −0.018% · you buy dearer than you sell
Net, funding: paid 7d − costs−$90as in the Funding arb table
Net, price: spread back to 7d avg − costsprices read too far apart to compare
costs, in and out, $10k−$630.627% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.272%−$27 on $10k
Price spread, last 4 days (all we have)+0.146%+$15 · spread now −0.119%, 7d avg −0.018%
Together, before fees−0.126%−$13 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$9 a day on $10k at the current rate, and KuCoin is 0.101% cheaper against BloFin than usual: you would sell low and buy high (−$10 if the spread goes back to its 7-day average of −0.018%). Swap the legs. The two prices were read 80 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBloFin SKHY-USDT184.670.0085pay 0.0085% / 8h7h 33m$2.1M$438K50x
ShortKuCoin SKHYUSDTM184.45−0.0231pay 0.0231% / 8h7h 33m$1.1M$367K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

KuCoin against BloFin. 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

Funding earned
−$66.33
Price spread: −0.119% → −0.018%
−$10.08
Slippage, 4 orders
−$38.7
Fee BloFin: 6 bp × 2 orders
−$12
Fee KuCoin: 6 bp × 2 orders
−$12
Net
−$139.12
Costs to cover
0.627%
Break-even
never at this rate
Slippage from BloFin: live order book, 4 min ago; KuCoin: live order book, 1 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy BloFin live order book, 4 min ago0.81 bp6.8 bp −$78.3 bp −$8318.7 bp −$1,872doesn't fit
Sell KuCoin live order book, 1 min ago3.26 bp16.6 bp −$17doesn't fitdoesn't fitdoesn't fit

SKHY on 31 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bitget SKHYUSDT−0.1230%8h184.43−0.130%$25.4M$34.8M20xas long as short
edgeX SKHYUSDC−0.0952%4h184.87+0.109%$557K$290K10xas long as short
GRVT SKHY_USDT_Perp−0.0445%8h184.94+0.148%$22K$243K10xas long as short
KuCoin SKHYUSDTMshort−0.0231%8h184.45−0.119%$1.1M$367K20x
Bybit SKHYUSDT−0.0156%8h184.35−0.173%$16.3M$32.6M100xas long as short
tradeXYZ xyz:SKHY−0.0105%1h184.30−0.200%$156.3M$77.9M10xas long as short
Nado SKHY-PERP−0.0073%1h184.66−0.007%$33K$28K10xas long as short
Ondo Perps SKHY-USD.P−0.0056%1h184.51−0.087%$515K$2.6M10xas long as short
Extended SKHY-USD−0.0040%1h184.37−0.160%$54K$7K10xas long as short
Binance SKHYUSDT−0.0036%8h184.41−0.143%$197.1M$463.5M50xas long as short
Show all 31 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
QFEX SKHY-USD−0.0028%1h184.49−0.097%$1.2M$4.3M10xas long as short
HTX SKHY-USDT−0.0018%8h184.42−0.135%$153K$370K50xas long as short
Variational Omni SKHY−0.0004%8h184.69+0.013%$1.6M$1.0Mas long as short
Aster SKHYUSDT0.0000%8h184.55−0.063%$265K$951K50xas long as short
OKX SKHY-USDT-SWAP0.0000%8h184.38−0.157%$43.7M$81.7M50xas long as short
Gate SKHY_USDT0.0000%8h184.38−0.157%$25.7M$21.4M75xas long as short
SunX SKHY-USDT0.0000%8h184.96+0.157%$677$5.9M10xas long as short
Phemex SKHYUSDT0.0000%8h184.71+0.022%$1.5M$1.1M10xas long as short
Lighter SKHY+0.0024%1h184.49−0.097%$982K$1.3M10xas long as short
Coinbase International SKHY-PERP-INTX+0.0024%1h187.58+1.576%$68K$784K10xas long as short
Lighter RH SKHY+0.0032%1h184.49−0.097%$1.1M$1.5M10xas long as short
Arcus SKHY-USD+0.0040%1h184.49−0.097%$59K$172K10xas long as short
Vest SKHY-USD-PERP+0.0046%1h184.46−0.114%$34K10xas long as short
Popdex SKHYUSDT+0.0048%1h184.53−0.076%$201K$288K20xas long as short
Polymarket Perps SKHY-USD+0.0050%1h184.44−0.125%$178K$451K10xas long as short
SoDEX SKHY-USD+0.0050%1h184.58−0.049%$41K$12K10xas long as short
BloFin SKHY-USDTlong+0.0085%8h184.67long leg$2.1M$438K50x
Orderly PERP_SKHY_USDC_mythos+0.0100%8h184.64−0.016%$2K$4K10xas long as short
Kraken Futures PF_SKHYUSD+0.0171%1h184.65−0.014%$48K$20K20xas long as short
Phoenix SKHY+0.0215%1h185.14+0.255%$207K$123K10xas long as short
Deribit SKHY_USDC-PERPETUAL+0.0238%1h184.65−0.011%$47K$353K10xas long as short