Funding arb · Price arb /

SKHY

RWAall SKHY markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0104%/8h= +11.4% APRpaid last 24h −0.003%

Price spread now: Gate against Coinbase International−0.250%7-day average −0.138% · you buy dearer than you sell

Net, funding: paid 7d − costs−$47as in the Funding arb table

Net, price: spread back to 7d avg − costs−$66as in the Price arb table

costs, in and out, $10k−$550.552% of the position

Long on Coinbase International Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days+0.083%+$8 on $10k

Price spread, last 4 days (all we have)+0.209%+$21 · spread now −0.250%, 7d avg −0.138%

Together, before fees+0.292%+$29 on $10k · with fees, hour by hour

Funding pays, the price is against you. Gate is 0.112% cheaper against Coinbase International than usual: you would sell low and buy high (spread −0.250% now, against its 7-day average of −0.138%). If the spread goes back, that is −$11 on $10k: about 3.6 days of funding at the current rate (+$3 a day). At the pace of the last 7 days (+0.083% in total) that is about 9.5 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International SKHY-PERP-INTX	187.75	−0.0104	get 0.0013% / 1h	52m 05s	$63K	$902K	10x
Short	Gate SKHY_USDT	187.28	0	get 0.0000% / 8h	1h 52m	$25.3M	$20.1M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against Coinbase International. 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 Coinbase InternationalbpFee GatebpOrdersPrice spread, now −0.250%Rate

Funding earned: $21.84
Price spread: −0.250% → −0.138%: −$11.24
Slippage, 4 orders: −$30.2
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$44.6
Costs to cover: 0.552%
Break-even: 21.3 days

Slippage from Coinbase International: live order book, 56 min ago; Gate: live order book, 2 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 Coinbase International live order book, 56 min ago	9.81 bp	15.1 bp −$15	20.5 bp −$205	doesn't fit	doesn't fit
Sell Gate live order book, 2 min ago	1.07 bp	12.3 bp −$12	24.9 bp −$249	50.3 bp −$5,029	86.6 bp −$43.3K

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	−0.1068%	8h	187.56	−0.101%	$25.1M	$31.6M	20x	as long as short
Deribit SKHY_USDC-PERPETUAL	−0.0230%	1h	187.35	−0.213%	$48K	$337K	10x	as long as short
tradeXYZ xyz:SKHY	−0.0202%	1h	187.30	−0.240%	$158.9M	$74.1M	10x	as long as short
Nado SKHY-PERP	−0.0179%	1h	187.58	−0.090%	$33K	$28K	10x	as long as short
Polymarket Perps SKHY-USD	−0.0179%	1h	187.31	−0.234%	$181K	$487K	10x	as long as short
Popdex SKHYUSDT	−0.0152%	1h	187.42	−0.176%	$197K	$274K	20x	as long as short
Kraken Futures PF_SKHYUSD	−0.0139%	1h	187.34	−0.216%	$47K	$19K	20x	as long as short
Coinbase International SKHY-PERP-INTXlong	−0.0104%	1h	187.75	long leg	$63K	$902K	10x
Lighter SKHY	−0.0096%	1h	187.23	−0.277%	$945K	$1.1M	10x	as long as short
Ondo Perps SKHY-USD.P	−0.0054%	1h	187.30	−0.240%	$517K	$2.6M	10x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
QFEX SKHY-USD	−0.0049%	1h	187.42	−0.176%	$1.2M	$4.1M	10x	as long as short
edgeX SKHYUSDC	−0.0044%	4h	187.50	−0.133%	$565K	$290K	10x	as long as short
Aster SKHYUSDT	0.0000%	8h	187.48	−0.145%	$227K	$916K	50x	as long as short
Extended SKHY-USD	0.0000%	1h	187.29	−0.245%	$55K	$7K	10x	as long as short
Binance SKHYUSDT	0.0000%	8h	187.39	−0.192%	$200.8M	$435.8M	50x	as long as short
Bybit SKHYUSDT	0.0000%	8h	187.37	−0.202%	$15.9M	$30.4M	100x	as long as short
OKX SKHY-USDT-SWAP	0.0000%	8h	187.39	−0.192%	$44.7M	$77.5M	50x	as long as short
Gate SKHY_USDTshort	0.0000%	8h	187.28	−0.250%	$25.3M	$20.1M	75x
Variational Omni SKHY	0.0000%	8h	187.55	−0.105%	$1.6M	$1.0M	—	as long as short
GRVT SKHY_USDT_Perp	0.0000%	8h	187.52	−0.122%	$22K	$226K	10x	as long as short
SunX SKHY-USDT	0.0000%	8h	187.69	−0.032%	$687	$6.1M	10x	as long as short
HTX SKHY-USDT	0.0000%	8h	187.30	−0.240%	$155K	$370K	50x	as long as short
Phemex SKHYUSDT	0.0000%	8h	187.33	−0.224%	$1.5M	$1.1M	10x	as long as short
Lighter RH SKHY	+0.0032%	1h	187.24	−0.272%	$1.1M	$1.6M	10x	as long as short
Arcus SKHY-USD	+0.0040%	1h	187.52	−0.123%	$58K	$164K	10x	as long as short
Vest SKHY-USD-PERP	+0.0046%	1h	187.51	−0.128%	—	$23K	10x	as long as short
SoDEX SKHY-USD	+0.0050%	1h	187.33	−0.224%	$41K	$13K	10x	as long as short
KuCoin SKHYUSDTM	+0.0100%	8h	187.46	−0.154%	$1.1M	$326K	20x	as long as short
Orderly PERP_SKHY_USDC_mythos	+0.0100%	8h	187.36	−0.208%	$2K	$4K	10x	as long as short
BloFin SKHY-USDT	+0.0120%	8h	187.41	−0.181%	$2.2M	$419K	50x	as long as short
Phoenix SKHY	+0.0213%	1h	188.26	+0.272%	$211K	$115K	10x	as long as short