Funding arb · Price arb /

SKHY

RWAall SKHY markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0018%/8h= +2.0% APRpaid last 24h +0.013%

Price spread now: Ondo Perps against Bybit−0.086%7-day average −0.026% · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Bybit Short on Ondo Perps

What this pair did over the last

the charts below follow

Funding, last 7 days+0.071%+$7 on $10k

Price spread, last 7 days+0.075%+$7 · spread now −0.086%, 7d avg −0.026%

Together, before fees+0.145%+ Points / potential airdropOndo Perps: Active · farm board+$15 on $10k · with fees, hour by hour

Funding pays, the price is against you. Ondo Perps is 0.060% cheaper against Bybit than usual: you would sell low and buy high (spread −0.086% now, against its 7-day average of −0.026%). If the spread goes back, that is −$6 on $10k: about 11 days of funding at the current rate (+$1 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit SKHYUSDT	186.64	0	get 0.0000% / 8h	33m 07s	$16.7M	$29.4M	100x
Short	Ondo Perps SKHY-USD.P	186.48	0.0018	get 0.0002% / 1h	33m 07s	$521K	$2.6M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Ondo Perps against Bybit. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 Ondo PerpsbpOrdersPrice spread, now −0.086%Rate

Funding earned: $3.86
Price spread: −0.086% → −0.026%: −$5.98
Slippage, 4 orders: no order book: not counted
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Net: −$18.12
Costs to cover: 0.160%
Break-even: 39.8 days

Slippage unknown: Bybit: live order book, 1 min ago; Ondo Perps: no order-book sample. Net counts fees only.

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	0.27 bp	8.1 bp −$8	17.7 bp −$177	79.8 bp −$7,977	doesn't fit
Sell Ondo Perps no order-book sample	—	—	—	—	—

Ondo Perps: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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 SKHYUSDT	−0.1271%	8h	186.87	+0.123%	$25.4M	$33.1M	20x	as long as short
edgeX SKHYUSDC	−0.0749%	4h	186.53	−0.057%	$562K	$291K	10x	as long as short
Kraken Futures PF_SKHYUSD	−0.0266%	1h	186.82	+0.095%	$48K	$21K	20x	as long as short
tradeXYZ xyz:SKHY	−0.0217%	1h	186.64	0.000%	$158.5M	$76.9M	10x	as long as short
Nado SKHY-PERP	−0.0177%	1h	186.84	+0.107%	$33K	$28K	10x	as long as short
Popdex SKHYUSDT	−0.0136%	1h	186.76	+0.064%	$205K	$288K	20x	as long as short
Polymarket Perps SKHY-USD	−0.0127%	1h	186.63	−0.005%	$180K	$487K	10x	as long as short
Coinbase International SKHY-PERP-INTX	−0.0072%	1h	187.58	+0.504%	$68K	$905K	10x	as long as short
QFEX SKHY-USD	−0.0061%	1h	186.75	+0.059%	$1.2M	$4.3M	10x	as long as short
KuCoin SKHYUSDTM	−0.0037%	8h	186.58	−0.032%	$1.1M	$328K	20x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter SKHY	−0.0016%	1h	186.60	−0.021%	$975K	$1.2M	10x	as long as short
Aster SKHYUSDT	0.0000%	8h	186.71	+0.039%	$223K	$925K	50x	as long as short
Extended SKHY-USD	0.0000%	1h	186.59	−0.027%	$54K	$7K	10x	as long as short
Binance SKHYUSDT	0.0000%	8h	186.64	0.000%	$200.7M	$450.6M	50x	as long as short
Bybit SKHYUSDTlong	0.0000%	8h	186.64	long leg	$16.7M	$29.4M	100x
OKX SKHY-USDT-SWAP	0.0000%	8h	186.63	−0.005%	$44.7M	$79.7M	50x	as long as short
Gate SKHY_USDT	0.0000%	8h	186.63	−0.005%	$25.6M	$21.0M	75x	as long as short
Variational Omni SKHY	0.0000%	8h	186.58	−0.033%	$1.6M	$1.0M	—	as long as short
GRVT SKHY_USDT_Perp	0.0000%	8h	186.63	−0.005%	$22K	$233K	10x	as long as short
SunX SKHY-USDT	0.0000%	8h	186.90	+0.139%	$684	$6.1M	10x	as long as short
Deribit SKHY_USDC-PERPETUAL	0.0000%	1h	186.65	+0.005%	$49K	$347K	10x	as long as short
HTX SKHY-USDT	0.0000%	8h	186.55	−0.048%	$155K	$363K	50x	as long as short
Phemex SKHYUSDT	0.0000%	8h	186.68	+0.021%	$1.5M	$1.1M	10x	as long as short
Ondo Perps SKHY-USD.Pshort	+0.0018%	1h	186.48	−0.086%	$521K	$2.6M	10x
Lighter RH SKHY	+0.0032%	1h	186.55	−0.048%	$1.1M	$1.5M	10x	as long as short
Arcus SKHY-USD	+0.0040%	1h	186.61	−0.016%	$60K	$171K	10x	as long as short
Vest SKHY-USD-PERP	+0.0046%	1h	186.73	+0.048%	—	$32K	10x	as long as short
SoDEX SKHY-USD	+0.0050%	1h	186.62	−0.011%	$41K	$12K	10x	as long as short
Orderly PERP_SKHY_USDC_mythos	+0.0100%	8h	186.63	−0.005%	$2K	$4K	10x	as long as short
BloFin SKHY-USDT	+0.0120%	8h	186.65	+0.005%	$2.2M	$426K	50x	as long as short
Phoenix SKHY	+0.0129%	1h	186.78	+0.075%	$209K	$123K	10x	as long as short