Funding arb · Price arb /

SKHY

RWAall SKHY markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: HTX against Bybit−0.121%53s7-day average −0.029% · you buy dearer than you sell

Net, funding: paid 7d − costs−$41as 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−$390.387% of the position

Long on Bybit Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.021%−$2 on $10k

Price spread, last 4 days (all we have)+0.073%+$7 · spread now −0.121%, 7d avg −0.029%

Together, before fees+0.052%+$5 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: HTX is 0.092% cheaper against Bybit than usual: you would sell low and buy high, −$9 on $10k if it goes back to its 7-day average of −0.029%. The two prices were read 53 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	Bybit SKHYUSDT	190.12	0	get 0.0000% / 8h	3h 37m	$15.3M	$28.6M	100x
Short	HTX SKHY-USDT	189.89	0	get 0.0000% / 8h	3h 37m	$158K	$369K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX 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 HTXbpOrdersPrice spread, now −0.121%Rate

Funding earned: $0
Price spread: −0.121% → −0.029%: −$9.15
Slippage, 4 orders: −$15.75
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee HTX: 6 bp × 2 orders: −$12
Net: −$47.9
Costs to cover: 0.387%
Break-even: never at this rate

Slippage from Bybit: live order book, 1 min ago; HTX: live order book, 16 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, 1 min ago	0.26 bp	8.5 bp −$9	15.0 bp −$150	87.6 bp −$8,763	doesn't fit
Sell HTX live order book, 16 min ago	1.83 bp	10.4 bp −$10	14.3 bp −$143	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 SKHYUSDC	−0.0312%	4h	189.89	−0.122%	$572K	$290K	10x	as long as short
Coinbase International SKHY-PERP-INTX	−0.0104%	1h	192.84	+1.431%	$45K	$861K	10x	as long as short
tradeXYZ xyz:SKHY	−0.0002%	1h	190.01	−0.058%	$158.9M	$69.1M	10x	as long as short
Aster SKHYUSDT	0.0000%	8h	190.03	−0.045%	$247K	$893K	50x	as long as short
Extended SKHY-USD	0.0000%	1h	189.98	−0.072%	$55K	$7K	10x	as long as short
Binance SKHYUSDT	0.0000%	8h	190.11	−0.005%	$199.7M	$404.4M	50x	as long as short
Bybit SKHYUSDTlong	0.0000%	8h	190.12	long leg	$15.3M	$28.6M	100x
OKX SKHY-USDT-SWAP	0.0000%	8h	190.11	−0.005%	$45.3M	$73.2M	50x	as long as short
Gate SKHY_USDT	0.0000%	8h	190.00	−0.063%	$25.6M	$19.5M	75x	as long as short
Bitget SKHYUSDT	0.0000%	8h	190.15	+0.016%	$24.4M	$28.4M	20x	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	190.47	+0.185%	$1.6M	$1.1M	—	as long as short
GRVT SKHY_USDT_Perp	0.0000%	8h	189.92	−0.105%	$23K	$213K	10x	as long as short
SunX SKHY-USDT	0.0000%	8h	190.26	+0.074%	$696	$6.2M	10x	as long as short
Deribit SKHY_USDC-PERPETUAL	0.0000%	1h	189.98	−0.074%	$48K	$326K	10x	as long as short
HTX SKHY-USDTshort	0.0000%	8h	189.89	−0.121%	$158K	$369K	50x
Phemex SKHYUSDT	0.0000%	8h	189.99	−0.068%	$1.5M	$1.1M	10x	as long as short
QFEX SKHY-USD	+0.0011%	1h	190.09	−0.016%	$1.2M	$4.1M	10x	as long as short
Lighter SKHY	+0.0032%	1h	189.83	−0.153%	$1.0M	$692K	10x	as long as short
Lighter RH SKHY	+0.0032%	1h	189.85	−0.142%	$1.1M	$1.4M	10x	as long as short
Arcus SKHY-USD	+0.0040%	1h	190.11	−0.005%	$59K	$164K	10x	as long as short
Vest SKHY-USD-PERP	+0.0046%	1h	190.06	−0.032%	—	$12K	10x	as long as short
Popdex SKHYUSDT	+0.0048%	1h	190.09	−0.016%	$200K	$257K	20x	as long as short
Polymarket Perps SKHY-USD	+0.0050%	1h	190.00	−0.063%	$183K	$470K	10x	as long as short
SoDEX SKHY-USD	+0.0050%	1h	189.91	−0.110%	$42K	$13K	10x	as long as short
Ondo Perps SKHY-USD.P	+0.0050%	1h	189.99	−0.068%	$563K	$2.7M	10x	as long as short
Nado SKHY-PERP	+0.0093%	1h	190.11	−0.003%	$34K	$28K	10x	as long as short
KuCoin SKHYUSDTM	+0.0100%	8h	190.08	−0.021%	$1.1M	$319K	20x	as long as short
Orderly PERP_SKHY_USDC_mythos	+0.0100%	8h	190.11	−0.005%	$2K	$4K	10x	as long as short
BloFin SKHY-USDT	+0.0120%	8h	189.85	−0.142%	$2.2M	$435K	50x	as long as short
Phoenix SKHY	+0.0375%	1h	190.14	+0.011%	$213K	$124K	10x	as long as short
Kraken Futures PF_SKHYUSD	+0.0690%	1h	190.00	−0.064%	$48K	$19K	20x	as long as short