Funding arb · Price arb /

SKHY

RWAall SKHY markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0833%/8h= +91.2% APRpaid last 24h +0.025%

Price spread now: Bybit against edgeX+0.398%7-day average +0.001% · you sell dearer than you buy

Net, funding: paid 7d − costs−$97as in the Funding arb table

Net, price: spread back to 7d avg − costs+$11as in the Price arb table

costs, in and out, $10k−$290.289% of the position

Long on edgeX Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.678%−$68 on $10k

Price spread, last 3 days (all we have)−0.523%−$52 · spread now +0.398%, 7d avg +0.001%

Together, before fees−1.201%+ Points / potential airdropedgeX: Active · farm board−$120 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$25 a day on $10k at the current rate, and Bybit is 0.397% dearer against edgeX than usual: you sell high and buy low: +$40 more if the spread goes back to its 7-day average of +0.001%. Mind the row above: over the last 7 days funding on this pair cost −0.678%, 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	192.72	−0.0833	get 0.0417% / 4h	3h 47m	$581K	$290K	10x
Short	Bybit SKHYUSDT	193.49	0	get 0.0000% / 8h	7h 47m	$15.9M	$27.4M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now +0.398%Rate

Funding earned: $174.96
Price spread: +0.398% → +0.001%: $39.71
Slippage, 4 orders: −$8.93
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: $185.74
Costs to cover: 0.289%
Break-even: from the start

Slippage from edgeX: live order book, 26 min ago; Bybit: live order book, 1 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, 26 min ago	1.06 bp	5.9 bp −$6	11.0 bp −$110	doesn't fit	doesn't fit
Sell Bybit live order book, 1 min ago	0.26 bp	8.9 bp −$9	12.9 bp −$129	94.2 bp −$9,420	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
edgeX SKHYUSDClong	−0.0833%	4h	192.72	long leg	$581K	$290K	10x
Nado SKHY-PERP	−0.0076%	1h	193.45	+0.376%	$29K	$2K	10x	as long as short
Aster SKHYUSDT	0.0000%	8h	193.07	+0.179%	$256K	$906K	50x	as long as short
Extended SKHY-USD	0.0000%	1h	193.41	+0.359%	$56K	$6K	10x	as long as short
Binance SKHYUSDT	0.0000%	8h	193.42	+0.362%	$214.4M	$384.4M	50x	as long as short
Bybit SKHYUSDTshort	0.0000%	8h	193.49	+0.398%	$15.9M	$27.4M	100x
OKX SKHY-USDT-SWAP	0.0000%	8h	193.52	+0.414%	$47.5M	$66.4M	50x	as long as short
Gate SKHY_USDT	0.0000%	8h	193.43	+0.367%	$26.4M	$17.5M	75x	as long as short
Bitget SKHYUSDT	0.0000%	8h	193.31	+0.305%	$25.8M	$26.5M	20x	as long as short
Variational Omni SKHY	0.0000%	8h	192.48	−0.128%	$1.6M	$2.4M	—	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX SKHY-USDT	0.0000%	8h	193.69	+0.502%	$709	$7.0M	10x	as long as short
HTX SKHY-USDT	0.0000%	8h	193.33	+0.315%	$159K	$396K	50x	as long as short
Phemex SKHYUSDT	0.0000%	8h	193.11	+0.201%	$1.5M	$1.1M	10x	as long as short
QFEX SKHY-USD	+0.0005%	1h	193.36	+0.331%	$1.2M	$5.3M	10x	as long as short
Lighter SKHY	+0.0032%	1h	193.34	+0.320%	$1.0M	$620K	10x	as long as short
Lighter RH SKHY	+0.0032%	1h	193.33	+0.315%	$1.1M	$1.5M	10x	as long as short
Arcus SKHY-USD	+0.0040%	1h	192.79	+0.035%	$57K	$155K	10x	as long as short
KuCoin SKHYUSDTM	+0.0043%	8h	193.23	+0.263%	$1.1M	$276K	20x	as long as short
Vest SKHY-USD-PERP	+0.0046%	1h	193.37	+0.336%	—	$13K	10x	as long as short
Popdex SKHYUSDT	+0.0048%	1h	193.41	+0.357%	$198K	$256K	20x	as long as short
Ondo Perps SKHY-USD.P	+0.0050%	1h	193.42	+0.362%	$536K	$1.5M	10x	as long as short
Coinbase International SKHY-PERP-INTX	+0.0088%	1h	190.51	−1.148%	$171K	$682K	10x	as long as short
Orderly PERP_SKHY_USDC_mythos	+0.0100%	8h	193.25	+0.274%	$2K	$4K	10x	as long as short
BloFin SKHY-USDT	+0.0120%	8h	192.83	+0.056%	$2.2M	$428K	50x	as long as short
Deribit SKHY_USDC-PERPETUAL	+0.0267%	1h	193.45	+0.377%	$46K	$259K	10x	as long as short
GRVT SKHY_USDT_Perp	+0.0282%	8h	192.80	+0.039%	$23K	$202K	10x	as long as short
Phoenix SKHY	+0.0335%	1h	192.35	−0.193%	$217K	$120K	10x	as long as short
Polymarket Perps SKHY-USD	+0.0453%	1h	193.36	+0.331%	$196K	$412K	10x	as long as short
tradeXYZ xyz:SKHY	+0.0577%	1h	193.40	+0.352%	$167.1M	$65.0M	10x	as long as short
Kraken Futures PF_SKHYUSD	+0.0707%	1h	193.43	+0.365%	$51K	$25K	20x	as long as short
SoDEX SKHY-USD	+0.1069%	1h	193.01	+0.149%	$43K	$13K	10x	as long as short