Funding arb · Price arb /

SKHY

RWAall SKHY markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0232%/8h= −25.4% APRpaid last 24h −0.159%

Price spread now: edgeX against Deribit−0.148%7-day average −0.025% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$53as in the Price arb table

costs, in and out, $10k−$410.407% of the position

Long on Deribit Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.325%+$32 on $10k

Price spread, last 4 days (all we have)+0.160%+$16 · spread now −0.148%, 7d avg −0.025%

Together, before fees+0.484%+ Points / potential airdropedgeX: Active · farm board+$48 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$7 a day on $10k at the current rate, and edgeX is 0.123% cheaper against Deribit than usual: you would sell low and buy high (−$12 if the spread goes back to its 7-day average of −0.025%). Swap the legs. Mind the row above: over the last 4 days funding on this pair paid +0.325%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit SKHY_USDC-PERPETUAL	189.06	0	get 0.0000% / 1h	3m 36s	$48K	$330K	10x
Short	edgeX SKHYUSDC	188.78	−0.0232	pay 0.0116% / 4h	3h 03m	$569K	$291K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX against Deribit. 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 DeribitbpFee edgeXbpOrdersPrice spread, now −0.148%Rate

Funding earned: −$48.64
Price spread: −0.148% → −0.025%: −$12.3
Slippage, 4 orders: −$24.67
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$101.62
Costs to cover: 0.407%
Break-even: never at this rate

Slippage from Deribit: live order book, 50 min ago; edgeX: live order book, 50 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 Deribit live order book, 50 min ago	4.17 bp	9.6 bp −$10	12.1 bp −$121	doesn't fit	doesn't fit
Sell edgeX live order book, 50 min ago	1.04 bp	5.9 bp −$6	11.1 bp −$111	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
Bitget SKHYUSDT	−0.0352%	8h	188.93	−0.069%	$24.3M	$29.4M	20x	as long as short
edgeX SKHYUSDCshort	−0.0232%	4h	188.78	−0.148%	$569K	$291K	10x
Coinbase International SKHY-PERP-INTX	−0.0104%	1h	189.86	+0.423%	$36K	$876K	10x	as long as short
tradeXYZ xyz:SKHY	−0.0017%	1h	188.79	−0.143%	$158.4M	$70.1M	10x	as long as short
Aster SKHYUSDT	0.0000%	8h	188.93	−0.069%	$244K	$897K	50x	as long as short
Extended SKHY-USD	0.0000%	1h	188.80	−0.139%	$55K	$7K	10x	as long as short
Binance SKHYUSDT	0.0000%	8h	188.84	−0.116%	$199.2M	$412.5M	50x	as long as short
Bybit SKHYUSDT	0.0000%	8h	188.86	−0.106%	$15.4M	$29.1M	100x	as long as short
OKX SKHY-USDT-SWAP	0.0000%	8h	188.81	−0.132%	$44.8M	$73.7M	50x	as long as short
Gate SKHY_USDT	0.0000%	8h	188.81	−0.132%	$25.3M	$19.9M	75x	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	188.92	−0.073%	$1.6M	$1.1M	—	as long as short
GRVT SKHY_USDT_Perp	0.0000%	8h	188.86	−0.103%	$22K	$216K	10x	as long as short
SunX SKHY-USDT	0.0000%	8h	189.24	+0.095%	$693	$6.2M	10x	as long as short
Deribit SKHY_USDC-PERPETUALlong	0.0000%	1h	189.06	long leg	$48K	$330K	10x
HTX SKHY-USDT	0.0000%	8h	188.99	−0.037%	$157K	$370K	50x	as long as short
Phemex SKHYUSDT	0.0000%	8h	189.08	+0.011%	$1.5M	$1.1M	10x	as long as short
Lighter SKHY	+0.0008%	1h	188.79	−0.143%	$995K	$747K	10x	as long as short
QFEX SKHY-USD	+0.0011%	1h	188.82	−0.127%	$1.2M	$4.1M	10x	as long as short
Nado SKHY-PERP	+0.0012%	1h	189.01	−0.026%	$33K	$28K	10x	as long as short
Lighter RH SKHY	+0.0032%	1h	188.79	−0.143%	$1.0M	$1.5M	10x	as long as short
Arcus SKHY-USD	+0.0040%	1h	188.84	−0.116%	$58K	$164K	10x	as long as short
Vest SKHY-USD-PERP	+0.0046%	1h	188.89	−0.090%	—	$12K	10x	as long as short
Popdex SKHYUSDT	+0.0048%	1h	188.84	−0.116%	$199K	$259K	20x	as long as short
Polymarket Perps SKHY-USD	+0.0050%	1h	188.75	−0.164%	$182K	$472K	10x	as long as short
SoDEX SKHY-USD	+0.0050%	1h	188.92	−0.074%	$42K	$13K	10x	as long as short
Ondo Perps SKHY-USD.P	+0.0050%	1h	188.78	−0.148%	$526K	$2.6M	10x	as long as short
KuCoin SKHYUSDTM	+0.0100%	8h	188.88	−0.095%	$1.1M	$311K	20x	as long as short
Orderly PERP_SKHY_USDC_mythos	+0.0100%	8h	189.06	0.000%	$2K	$4K	10x	as long as short
BloFin SKHY-USDT	+0.0120%	8h	188.87	−0.100%	$2.2M	$438K	50x	as long as short
Phoenix SKHY	+0.0375%	1h	189.01	−0.026%	$212K	$124K	10x	as long as short
Kraken Futures PF_SKHYUSD	+0.0693%	1h	189.07	+0.006%	$48K	$19K	20x	as long as short