Funding arb · Price arb /

SKHY

RWAall SKHY markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0398%/8h= +43.6% APRpaid last 24h +0.025%

Price spread now: Bitget against edgeX+0.071%7-day average +0.005% · you sell dearer than you buy

Net, funding: paid 7d − costs−$96as in the Funding arb table

Net, price: spread back to 7d avg − costs−$23as in the Price arb table

costs, in and out, $10k−$290.292% of the position

Long on edgeX Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days−0.664%−$66 on $10k

Price spread, last 3 days (all we have)−0.169%−$17 · spread now +0.071%, 7d avg +0.005%

Together, before fees−0.833%+ Points / potential airdropedgeX: Active · farm board−$83 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$12 a day on $10k at the current rate, and Bitget is 0.066% dearer against edgeX than usual: you sell high and buy low: +$7 more if the spread goes back to its 7-day average of +0.005%. Mind the row above: over the last 7 days funding on this pair cost −0.664%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	edgeX SKHYUSDC	193.23	−0.0214	get 0.0107% / 4h	3h 25m	$583K	$289K	10x
Short	Bitget SKHYUSDT	193.37	0.0184	get 0.0184% / 8h	7h 25m	$25.7M	$26.6M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against edgeX. 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 edgeXbpFee BitgetbpOrdersPrice spread, now +0.071%Rate

Funding earned: $83.56
Price spread: +0.071% → +0.005%: $6.61
Slippage, 4 orders: −$8.24
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Bitget: 6 bp × 2 orders: −$12
Net: $60.92
Costs to cover: 0.292%
Break-even: 1.9 days

Slippage from edgeX: live order book, 48 min ago; Bitget: live order book, 4 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 edgeX live order book, 48 min ago	1.06 bp	5.9 bp −$6	11.0 bp −$110	doesn't fit	doesn't fit
Sell Bitget live order book, 4 min ago	0.52 bp	8.8 bp −$9	15.4 bp −$154	32.9 bp −$3,292	51.6 bp −$25.8K

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 SKHYUSDClong	−0.0214%	4h	193.23	long leg	$583K	$289K	10x
Nado SKHY-PERP	−0.0003%	1h	193.24	+0.003%	$29K	$2K	10x	as long as short
Aster SKHYUSDT	0.0000%	8h	192.92	−0.159%	$248K	$921K	50x	as long as short
Extended SKHY-USD	0.0000%	1h	193.27	+0.021%	$56K	$6K	10x	as long as short
Binance SKHYUSDT	0.0000%	8h	193.31	+0.041%	$212.8M	$382.7M	50x	as long as short
Bybit SKHYUSDT	0.0000%	8h	193.33	+0.051%	$15.7M	$27.1M	100x	as long as short
OKX SKHY-USDT-SWAP	0.0000%	8h	193.36	+0.066%	$47.0M	$67.6M	50x	as long as short
Gate SKHY_USDT	0.0000%	8h	193.25	+0.009%	$25.9M	$18.3M	75x	as long as short
Variational Omni SKHY	0.0000%	8h	193.27	+0.021%	$1.6M	$2.3M	—	as long as short
SunX SKHY-USDT	0.0000%	8h	193.61	+0.195%	$709	$6.8M	10x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX SKHY-USDT	0.0000%	8h	193.28	+0.025%	$160K	$386K	50x	as long as short
Phemex SKHYUSDT	0.0000%	8h	193.23	−0.001%	$1.5M	$1.1M	10x	as long as short
QFEX SKHY-USD	+0.0005%	1h	193.22	−0.006%	$1.2M	$5.0M	10x	as long as short
Lighter SKHY	+0.0032%	1h	193.19	−0.022%	$1.0M	$667K	10x	as long as short
Lighter RH SKHY	+0.0032%	1h	193.16	−0.037%	$1.1M	$1.5M	10x	as long as short
Arcus SKHY-USD	+0.0040%	1h	193.06	−0.089%	$57K	$153K	10x	as long as short
Vest SKHY-USD-PERP	+0.0046%	1h	193.28	+0.025%	—	$12K	10x	as long as short
Popdex SKHYUSDT	+0.0048%	1h	193.30	+0.035%	$197K	$256K	20x	as long as short
Polymarket Perps SKHY-USD	+0.0050%	1h	193.20	−0.017%	$190K	$454K	10x	as long as short
Ondo Perps SKHY-USD.P	+0.0050%	1h	193.26	+0.014%	$555K	$1.7M	10x	as long as short
Deribit SKHY_USDC-PERPETUAL	+0.0060%	1h	193.31	+0.040%	$47K	$268K	10x	as long as short
tradeXYZ xyz:SKHY	+0.0076%	1h	193.23	−0.001%	$165.6M	$64.6M	10x	as long as short
Coinbase International SKHY-PERP-INTX	+0.0088%	1h	192.17	−0.550%	$117K	$803K	10x	as long as short
KuCoin SKHYUSDTM	+0.0100%	8h	193.07	−0.084%	$1.1M	$276K	20x	as long as short
Orderly PERP_SKHY_USDC_mythos	+0.0100%	8h	193.27	+0.020%	$2K	$4K	10x	as long as short
BloFin SKHY-USDT	+0.0120%	8h	193.29	+0.030%	$2.2M	$446K	50x	as long as short
SoDEX SKHY-USD	+0.0125%	1h	193.26	+0.014%	$43K	$13K	10x	as long as short
Bitget SKHYUSDTshort	+0.0184%	8h	193.37	+0.071%	$25.7M	$26.6M	20x
Phoenix SKHY	+0.0335%	1h	192.76	−0.244%	$217K	$120K	10x	as long as short
GRVT SKHY_USDT_Perp	+0.0479%	8h	193.36	+0.065%	$23K	$195K	10x	as long as short
Kraken Futures PF_SKHYUSD	+0.0707%	1h	193.44	+0.108%	$51K	$22K	20x	as long as short