Settings8H · net · $10k
Funding arb · Price arb /

SKHY

RWAall SKHY markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 03:00 UTC+0.0048%/8h= +5.3% APRpaid last 24h −0.010%
Price spread now: HTX against Coinbase International+0.109%7-day average −0.134% · you sell dearer than you buy
Net, funding: paid 7d − costs−$32as in the Funding arb table
Net, price: spread back to 7d avg − costs−$17as in the Price arb table
costs, in and out, $10k−$410.409% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.088%+$9 on $10k
Price spread, last 4 days (all we have)−0.306%−$31 · spread now +0.109%, 7d avg −0.134%
Together, before fees−0.218%−$22 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and HTX is 0.243% dearer against Coinbase International than usual: you sell high and buy low: +$24 more if the spread goes back to its 7-day average of −0.134%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongCoinbase International SKHY-PERP-INTX192.84−0.0048get 0.0006% / 1h33m 45s$45K$861K10x
ShortHTX SKHY-USDT193.050get 0.0000% / 8h4h 33m$161K$367K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

HTX 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

Funding earned
$10.08
Price spread: +0.109% → −0.134%
$24.27
Slippage, 4 orders
−$18.94
Fee Coinbase International: 5 bp × 2 orders
−$10
Fee HTX: 6 bp × 2 orders
−$12
Net
−$6.59
Costs to cover
0.409%
Break-even
11.6 days
Slippage from Coinbase International: live order book, 25 min ago; HTX: live order book, 24 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Coinbase International live order book, 25 min ago5.95 bp11.1 bp −$1115.6 bp −$156doesn't fitdoesn't fit
Sell HTX live order book, 24 min ago2.59 bp8.6 bp −$911.1 bp −$111doesn't fitdoesn't fit

SKHY on 31 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
edgeX SKHYUSDC−0.0308%4h193.10+0.137%$582K$290K10xas long as short
Coinbase International SKHY-PERP-INTXlong−0.0048%1h192.84long leg$45K$861K10x
Aster SKHYUSDT0.0000%8h193.14+0.158%$249K$889K50xas long as short
Extended SKHY-USD0.0000%1h193.15+0.162%$56K$7K10xas long as short
Binance SKHYUSDT0.0000%8h193.22+0.197%$204.4M$392.8M50xas long as short
Bybit SKHYUSDT0.0000%8h193.20+0.187%$15.7M$27.5M100xas long as short
OKX SKHY-USDT-SWAP0.0000%8h193.22+0.197%$46.7M$69.9M50xas long as short
Gate SKHY_USDT0.0000%8h193.18+0.176%$25.8M$18.8M75xas long as short
Variational Omni SKHY0.0000%8h193.08+0.125%$1.6M$1.1Mas long as short
GRVT SKHY_USDT_Perp0.0000%8h193.12+0.145%$23K$201K10xas long as short
Show all 31 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
SunX SKHY-USDT0.0000%8h193.40+0.290%$708$6.3M10xas long as short
HTX SKHY-USDTshort0.0000%8h193.05+0.109%$161K$367K50x
Phemex SKHYUSDT0.0000%8h193.23+0.202%$1.5M$1.1M10xas long as short
QFEX SKHY-USD+0.0015%1h193.07+0.119%$1.2M$4.1M10xas long as short
Lighter SKHY+0.0032%1h193.07+0.119%$1.0M$686K10xas long as short
Lighter RH SKHY+0.0032%1h193.05+0.109%$1.1M$1.6M10xas long as short
Arcus SKHY-USD+0.0040%1h193.04+0.104%$57K$154K10xas long as short
Vest SKHY-USD-PERP+0.0046%1h193.07+0.119%$12K10xas long as short
Popdex SKHYUSDT+0.0048%1h193.12+0.145%$201K$255K20xas long as short
tradeXYZ xyz:SKHY+0.0050%1h193.12+0.145%$161.5M$67.7M10xas long as short
Polymarket Perps SKHY-USD+0.0050%1h193.02+0.093%$189K$456K10xas long as short
SoDEX SKHY-USD+0.0050%1h193.13+0.150%$43K$13K10xas long as short
Ondo Perps SKHY-USD.P+0.0050%1h193.06+0.114%$574K$2.3M10xas long as short
KuCoin SKHYUSDTM+0.0100%8h193.12+0.145%$1.1M$305K20xas long as short
Orderly PERP_SKHY_USDC_mythos+0.0100%8h193.13+0.150%$2K$4K10xas long as short
BloFin SKHY-USDT+0.0120%8h193.10+0.135%$2.2M$437K50xas long as short
Nado SKHY-PERP+0.0138%1h193.09+0.129%$38K$26K10xas long as short
Bitget SKHYUSDT+0.0158%8h193.17+0.171%$25.3M$26.9M20xas long as short
Deribit SKHY_USDC-PERPETUAL+0.0216%1h193.20+0.187%$49K$316K10xas long as short
Phoenix SKHY+0.0372%1h193.09+0.130%$216K$124K10xas long as short
Kraken Futures PF_SKHYUSD+0.1057%1h193.22+0.199%$49K$19K20xas long as short