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−0.0063%/8h= −6.9% APRnext payment $0.08 per $10,000 · paid last 24h +0.023%
Price spread now: SoDEX against Deribit−0.026%7-day average · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before feesneeds both histories
Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and SoDEX is 0.026% cheaper against Deribit than usual: you would sell low and buy high (−$3 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongDeribit SKHY_USDC-PERPETUAL192.740.0113pay 0.0014% / 1h25m 31s$49K$295K10x
ShortSoDEX SKHY-USD192.690.0050get 0.0006% / 1h25m 31s$43K$13K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

SoDEX 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

Funding earned
−$13.3
Price spread: −0.026% → 0.000%
−$2.59
Slippage, 4 orders
no order book: not counted
Fee Deribit: 3.5 bp × 2 orders
−$7
Fee SoDEX: 4 bp × 2 orders
−$8
Net
−$30.89
Costs to cover
0.150%
Break-even
never at this rate
Slippage unknown: Deribit: live order book, 38 min ago; SoDEX: 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
LegHalf-spread$10k$100k$1M$5M
Buy Deribit live order book, 38 min ago5.96 bp11.3 bp −$1113.8 bp −$138doesn't fitdoesn't fit
Sell SoDEX no order-book sample
SoDEX: 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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
edgeX SKHYUSDC−0.0894%4h192.62−0.063%$581K$289K10xas long as short
Coinbase International SKHY-PERP-INTX−0.0032%1h192.90+0.083%$45K$874K10xas long as short
Aster SKHYUSDT0.0000%8h192.72−0.010%$248K$890K50xas long as short
Extended SKHY-USD0.0000%1h192.68−0.030%$56K$7K10xas long as short
Binance SKHYUSDT0.0000%8h192.73−0.007%$206.5M$389.8M50xas long as short
Bybit SKHYUSDT0.0000%8h192.71−0.016%$15.7M$27.3M100xas long as short
OKX SKHY-USDT-SWAP0.0000%8h192.72−0.010%$46.7M$69.3M50xas long as short
Gate SKHY_USDT0.0000%8h192.67−0.036%$25.8M$19.0M75xas long as short
Variational Omni SKHY0.0000%8h192.70−0.023%$1.6M$1.2Mas long as short
GRVT SKHY_USDT_Perp0.0000%8h192.68−0.031%$23K$195K10xas long as short
Show all 31 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
SunX SKHY-USDT0.0000%8h192.99+0.130%$707$6.4M10xas long as short
HTX SKHY-USDT0.0000%8h192.66−0.042%$160K$368K50xas long as short
Phemex SKHYUSDT0.0000%8h192.740.000%$1.5M$1.1M10xas long as short
QFEX SKHY-USD+0.0004%1h192.67−0.036%$1.2M$4.3M10xas long as short
Lighter SKHY+0.0032%1h192.59−0.078%$1.0M$688K10xas long as short
Lighter RH SKHY+0.0032%1h192.61−0.067%$1.1M$1.5M10xas long as short
Arcus SKHY-USD+0.0040%1h192.70−0.021%$57K$154K10xas long as short
Vest SKHY-USD-PERP+0.0046%1h192.69−0.026%$11K10xas long as short
Popdex SKHYUSDT+0.0048%1h192.70−0.021%$199K$256K20xas long as short
tradeXYZ xyz:SKHY+0.0050%1h192.61−0.067%$161.2M$67.2M10xas long as short
Polymarket Perps SKHY-USD+0.0050%1h192.61−0.067%$188K$456K10xas long as short
SoDEX SKHY-USDshort+0.0050%1h192.69−0.026%$43K$13K10x
Ondo Perps SKHY-USD.P+0.0050%1h192.65−0.047%$584K$2.2M10xas long as short
KuCoin SKHYUSDTM+0.0100%8h192.72−0.010%$1.1M$290K20xas long as short
Orderly PERP_SKHY_USDC_mythos+0.0100%8h192.73−0.005%$2K$4K10xas long as short
Deribit SKHY_USDC-PERPETUALlong+0.0113%1h192.74long leg$49K$295K10x
BloFin SKHY-USDT+0.0120%8h192.65−0.047%$2.2M$445K50xas long as short
Bitget SKHYUSDT+0.0135%8h192.75+0.005%$25.4M$26.7M20xas long as short
Nado SKHY-PERP+0.0167%1h192.74+0.001%$38K$26K10xas long as short
Phoenix SKHY+0.0332%1h192.88+0.073%$216K$124K10xas long as short
Kraken Futures PF_SKHYUSD+0.0546%1h192.83+0.046%$51K$17K20xas long as short