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: SunX against Bybit+0.176%46s7-day average +0.139% · you sell dearer than you buy

Net, funding: paid 7d − costs−$139as 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−$1371.367% of the position

Long on Bybit Short on SunX

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)−0.027%−$3 · spread now +0.176%, 7d avg +0.139%

Together, before fees−0.048%−$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: SunX is 0.037% dearer against Bybit than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of +0.139%. The two prices were read 46 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	192.98	0	get 0.0000% / 8h	4h 09m	$15.7M	$27.7M	100x
Short	SunX SKHY-USDT	193.32	0	get 0.0000% / 8h	4h 09m	$708	$6.2M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now +0.176%Rate

Funding earned: $0
Price spread: +0.176% → +0.139%: $3.73
Slippage, 4 orders: −$117.73
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee SunX: 4 bp × 2 orders: −$8
Net: −$133
Costs to cover: 1.367%
Break-even: never at this rate

Slippage from Bybit: live order book, 4 min ago; SunX: live order book, 9 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	7.1 bp −$7	13.2 bp −$132	77.2 bp −$7,715	doesn't fit
Sell SunX live order book, 9 min ago	29.47 bp	72.3 bp −$72	doesn't fit	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	−0.0671%	4h	192.99	+0.007%	$582K	$290K	10x	as long as short
Coinbase International SKHY-PERP-INTX	−0.0048%	1h	192.84	−0.073%	$45K	$861K	10x	as long as short
Aster SKHYUSDT	0.0000%	8h	192.97	−0.006%	$249K	$889K	50x	as long as short
Extended SKHY-USD	0.0000%	1h	192.94	−0.022%	$56K	$7K	10x	as long as short
Binance SKHYUSDT	0.0000%	8h	193.00	+0.009%	$203.7M	$394.4M	50x	as long as short
Bybit SKHYUSDTlong	0.0000%	8h	192.98	long leg	$15.7M	$27.7M	100x
OKX SKHY-USDT-SWAP	0.0000%	8h	193.03	+0.026%	$46.8M	$70.1M	50x	as long as short
Gate SKHY_USDT	0.0000%	8h	192.97	−0.005%	$25.8M	$19.0M	75x	as long as short
Variational Omni SKHY	0.0000%	8h	192.95	−0.016%	$1.6M	$1.1M	—	as long as short
GRVT SKHY_USDT_Perp	0.0000%	8h	193.07	+0.047%	$22K	$206K	10x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX SKHY-USDTshort	0.0000%	8h	193.32	+0.176%	$708	$6.2M	10x
HTX SKHY-USDT	0.0000%	8h	192.99	+0.005%	$161K	$369K	50x	as long as short
Phemex SKHYUSDT	0.0000%	8h	193.06	+0.041%	$1.5M	$1.1M	10x	as long as short
QFEX SKHY-USD	+0.0015%	1h	192.99	+0.005%	$1.2M	$3.9M	10x	as long as short
Lighter SKHY	+0.0032%	1h	192.90	−0.041%	$1.0M	$698K	10x	as long as short
Lighter RH SKHY	+0.0032%	1h	192.90	−0.041%	$1.1M	$1.6M	10x	as long as short
Arcus SKHY-USD	+0.0040%	1h	193.04	+0.031%	$60K	$161K	10x	as long as short
Vest SKHY-USD-PERP	+0.0046%	1h	192.98	0.000%	—	$12K	10x	as long as short
Popdex SKHYUSDT	+0.0048%	1h	193.03	+0.026%	$202K	$256K	20x	as long as short
tradeXYZ xyz:SKHY	+0.0050%	1h	192.87	−0.057%	$161.3M	$67.8M	10x	as long as short
Polymarket Perps SKHY-USD	+0.0050%	1h	192.89	−0.047%	$189K	$456K	10x	as long as short
SoDEX SKHY-USD	+0.0050%	1h	192.98	0.000%	$43K	$13K	10x	as long as short
Ondo Perps SKHY-USD.P	+0.0050%	1h	192.90	−0.041%	$577K	$2.4M	10x	as long as short
Deribit SKHY_USDC-PERPETUAL	+0.0061%	1h	193.07	+0.047%	$49K	$322K	10x	as long as short
KuCoin SKHYUSDTM	+0.0100%	8h	192.99	+0.005%	$1.1M	$316K	20x	as long as short
Orderly PERP_SKHY_USDC_mythos	+0.0100%	8h	193.05	+0.036%	$2K	$4K	10x	as long as short
BloFin SKHY-USDT	+0.0120%	8h	193.06	+0.041%	$2.3M	$438K	50x	as long as short
Bitget SKHYUSDT	+0.0132%	8h	193.09	+0.057%	$25.2M	$26.9M	20x	as long as short
Nado SKHY-PERP	+0.0148%	1h	193.03	+0.028%	$38K	$26K	10x	as long as short
Phoenix SKHY	+0.0372%	1h	193.19	+0.109%	$216K	$124K	10x	as long as short
Kraken Futures PF_SKHYUSD	+0.1058%	1h	193.08	+0.054%	$49K	$19K	20x	as long as short