Funding arb · Price arb /

SKHY

RWAall SKHY markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0833%/8h= −91.2% APRpaid last 24h −0.025%

Price spread now: edgeX against Bybit−0.216%7-day average −0.001% · you buy dearer than you sell

Net, funding: paid 7d − costs+$39as in the Funding arb table

Net, price: spread back to 7d avg − costs−$50as in the Price arb table

costs, in and out, $10k−$290.289% of the position

Long on Bybit Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.678%+$68 on $10k

Price spread, last 3 days (all we have)+0.341%+$34 · spread now −0.216%, 7d avg −0.001%

Together, before fees+1.019%+ Points / potential airdropedgeX: Active · farm board+$102 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$25 a day on $10k at the current rate, and edgeX is 0.215% cheaper against Bybit than usual: you would sell low and buy high (−$22 if the spread goes back to its 7-day average of −0.001%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.678%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit SKHYUSDT	193.14	0	get 0.0000% / 8h	7h 45m	$15.8M	$27.5M	100x
Short	edgeX SKHYUSDC	192.72	−0.0833	pay 0.0417% / 4h	3h 45m	$581K	$290K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX against Bybit. 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 BybitbpFee edgeXbpOrdersPrice spread, now −0.216%Rate

Funding earned: −$174.96
Price spread: −0.216% → −0.001%: −$21.51
Slippage, 4 orders: −$8.93
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$225.39
Costs to cover: 0.289%
Break-even: never at this rate

Slippage from Bybit: live order book, 4 min ago; edgeX: live order book, 29 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 Bybit live order book, 4 min ago	0.26 bp	8.3 bp −$8	16.3 bp −$163	78.8 bp −$7,883	doesn't fit
Sell edgeX live order book, 29 min ago	1.06 bp	6.0 bp −$6	11.3 bp −$113	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
edgeX SKHYUSDCshort	−0.0833%	4h	192.72	−0.216%	$581K	$290K	10x
Nado SKHY-PERP	−0.0051%	1h	193.05	−0.047%	$29K	$2K	10x	as long as short
Aster SKHYUSDT	0.0000%	8h	192.82	−0.166%	$256K	$921K	50x	as long as short
Extended SKHY-USD	0.0000%	1h	193.04	−0.051%	$56K	$6K	10x	as long as short
Binance SKHYUSDT	0.0000%	8h	193.11	−0.016%	$213.6M	$384.7M	50x	as long as short
Bybit SKHYUSDTlong	0.0000%	8h	193.14	long leg	$15.8M	$27.5M	100x
OKX SKHY-USDT-SWAP	0.0000%	8h	193.13	−0.005%	$47.1M	$66.7M	50x	as long as short
Gate SKHY_USDT	0.0000%	8h	193.00	−0.072%	$26.4M	$17.5M	75x	as long as short
Bitget SKHYUSDT	0.0000%	8h	193.04	−0.052%	$25.8M	$26.6M	20x	as long as short
Variational Omni SKHY	0.0000%	8h	193.22	+0.039%	$1.6M	$2.3M	—	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX SKHY-USDT	0.0000%	8h	193.36	+0.114%	$708	$7.0M	10x	as long as short
HTX SKHY-USDT	0.0000%	8h	193.00	−0.072%	$160K	$395K	50x	as long as short
Phemex SKHYUSDT	0.0000%	8h	192.97	−0.088%	$1.5M	$1.1M	10x	as long as short
QFEX SKHY-USD	+0.0005%	1h	192.99	−0.078%	$1.2M	$5.3M	10x	as long as short
Lighter SKHY	+0.0032%	1h	192.98	−0.083%	$1.0M	$620K	10x	as long as short
Lighter RH SKHY	+0.0032%	1h	193.00	−0.072%	$1.1M	$1.5M	10x	as long as short
Arcus SKHY-USD	+0.0040%	1h	193.04	−0.052%	$57K	$155K	10x	as long as short
Vest SKHY-USD-PERP	+0.0046%	1h	193.10	−0.021%	—	$13K	10x	as long as short
KuCoin SKHYUSDTM	+0.0047%	8h	192.91	−0.119%	$1.1M	$276K	20x	as long as short
Popdex SKHYUSDT	+0.0048%	1h	193.07	−0.036%	$197K	$256K	20x	as long as short
Ondo Perps SKHY-USD.P	+0.0050%	1h	193.16	+0.010%	$611K	$1.6M	10x	as long as short
Coinbase International SKHY-PERP-INTX	+0.0088%	1h	190.51	−1.362%	$171K	$680K	10x	as long as short
Orderly PERP_SKHY_USDC_mythos	+0.0100%	8h	193.07	−0.036%	$2K	$4K	10x	as long as short
BloFin SKHY-USDT	+0.0120%	8h	193.13	−0.005%	$2.2M	$429K	50x	as long as short
GRVT SKHY_USDT_Perp	+0.0282%	8h	192.80	−0.177%	$23K	$202K	10x	as long as short
Phoenix SKHY	+0.0335%	1h	193.28	+0.072%	$218K	$120K	10x	as long as short
Polymarket Perps SKHY-USD	+0.0351%	1h	193.03	−0.057%	$194K	$425K	10x	as long as short
Deribit SKHY_USDC-PERPETUAL	+0.0372%	1h	193.11	−0.016%	$46K	$260K	10x	as long as short
tradeXYZ xyz:SKHY	+0.0456%	1h	192.99	−0.078%	$166.8M	$65.2M	10x	as long as short
Kraken Futures PF_SKHYUSD	+0.0709%	1h	193.07	−0.038%	$51K	$25K	20x	as long as short
SoDEX SKHY-USD	+0.1065%	1h	193.07	−0.036%	$43K	$13K	10x	as long as short