Funding arb · Price arb /

SKHY

RWAall SKHY markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC+0.0700%/8h= +76.7% APRpaid last 24h +0.200%

Price spread now: Coinbase International against edgeX−0.024%7-day average +0.133% · you buy dearer than you sell

Net, funding: paid 7d − costs−$107as in the Funding arb table

Net, price: spread back to 7d avg − costs−$59as in the Price arb table

costs, in and out, $10k−$430.432% of the position

Long on edgeX Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days−0.634%−$63 on $10k

Price spread, last 4 days (all we have)+0.072%+$7 · spread now −0.024%, 7d avg +0.133%

Together, before fees−0.561%+ Points / potential airdropedgeX: Active · farm board−$56 on $10k · with fees, hour by hour

Funding pays, the price is against you. Coinbase International is 0.157% cheaper against edgeX than usual: you would sell low and buy high (spread −0.024% now, against its 7-day average of +0.133%). If the spread goes back, that is −$16 on $10k: about 18 hours of funding at the current rate (+$21 a day). Mind the row above: over the last 7 days funding on this pair cost −0.634%, 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	187.69	−0.0796	get 0.0398% / 4h	54m 53s	$566K	$285K	10x
Short	Coinbase International SKHY-PERP-INTX	187.65	−0.0096	pay 0.0012% / 1h	54m 53s	$110K	$735K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International 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 Coinbase InternationalbpOrdersPrice spread, now −0.024%Rate

Funding earned: $147.01
Price spread: −0.024% → +0.133%: −$15.68
Slippage, 4 orders: −$24.19
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: $88.14
Costs to cover: 0.432%
Break-even: 2.8 days

Slippage from edgeX: live order book, 52 min ago; Coinbase International: live order book, 51 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, 52 min ago	1.07 bp	5.9 bp −$6	10.9 bp −$109	doesn't fit	doesn't fit
Sell Coinbase International live order book, 51 min ago	10.65 bp	15.7 bp −$16	24.9 bp −$249	doesn't fit	doesn't fit

SKHY on 31 exchanges

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
Kraken Futures PF_SKHYUSD	−0.2058%	1h	187.59	−0.057%	$51K	$36K	20x	as long as short
edgeX SKHYUSDClong	−0.0796%	4h	187.69	long leg	$566K	$285K	10x
Deribit SKHY_USDC-PERPETUAL	−0.0443%	1h	187.58	−0.061%	$52K	$496K	10x	as long as short
Bitget SKHYUSDT	−0.0276%	8h	187.75	+0.030%	$26.1M	$36.5M	20x	as long as short
KuCoin SKHYUSDTM	−0.0204%	8h	187.68	−0.008%	$1.1M	$516K	20x	as long as short
Nado SKHY-PERP	−0.0142%	1h	187.74	+0.025%	$32K	$28K	10x	as long as short
Coinbase International SKHY-PERP-INTXshort	−0.0096%	1h	187.65	−0.024%	$110K	$735K	10x
tradeXYZ xyz:SKHY	−0.0067%	1h	187.67	−0.013%	$158.4M	$77.1M	10x	as long as short
Lighter SKHY	−0.0048%	1h	187.56	−0.072%	$981K	$1.4M	10x	as long as short
Binance SKHYUSDT	−0.0017%	8h	187.72	+0.014%	$197.6M	$471.8M	50x	as long as short

Show all 31 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended SKHY-USD	−0.0016%	1h	187.62	−0.040%	$55K	$7K	10x	as long as short
QFEX SKHY-USD	−0.0013%	1h	187.62	−0.040%	$1.2M	$4.2M	10x	as long as short
Aster SKHYUSDT	0.0000%	8h	187.66	−0.016%	$260K	$916K	50x	as long as short
Bybit SKHYUSDT	0.0000%	8h	187.70	+0.003%	$16.4M	$33.9M	100x	as long as short
OKX SKHY-USDT-SWAP	0.0000%	8h	187.70	+0.003%	$44.5M	$85.6M	50x	as long as short
Gate SKHY_USDT	0.0000%	8h	187.64	−0.029%	$25.3M	$21.3M	75x	as long as short
Variational Omni SKHY	0.0000%	8h	187.58	−0.063%	$1.5M	$951K	—	as long as short
GRVT SKHY_USDT_Perp	0.0000%	8h	187.76	+0.035%	$22K	$255K	10x	as long as short
SunX SKHY-USDT	0.0000%	8h	187.97	+0.147%	$688	$5.4M	10x	as long as short
HTX SKHY-USDT	0.0000%	8h	187.60	−0.050%	$154K	$383K	50x	as long as short
Phemex SKHYUSDT	0.0000%	8h	187.64	−0.029%	$1.5M	$1.1M	10x	as long as short
Ondo Perps SKHY-USD.P	+0.0005%	1h	187.50	−0.104%	$523K	$2.5M	10x	as long as short
Lighter RH SKHY	+0.0032%	1h	187.52	−0.093%	$1.1M	$1.5M	10x	as long as short
Arcus SKHY-USD	+0.0040%	1h	187.65	−0.024%	$60K	$131K	10x	as long as short
Vest SKHY-USD-PERP	+0.0046%	1h	187.71	+0.008%	—	$40K	10x	as long as short
Popdex SKHYUSDT	+0.0048%	1h	187.69	−0.002%	$200K	$310K	20x	as long as short
Polymarket Perps SKHY-USD	+0.0050%	1h	187.64	−0.029%	$182K	$342K	10x	as long as short
SoDEX SKHY-USD	+0.0050%	1h	187.63	−0.034%	$41K	$12K	10x	as long as short
Orderly PERP_SKHY_USDC_mythos	+0.0100%	8h	187.60	−0.050%	$2K	$4K	10x	as long as short
BloFin SKHY-USDT	+0.0104%	8h	187.69	−0.002%	$2.2M	$491K	50x	as long as short
Phoenix SKHY	+0.0255%	1h	188.00	+0.163%	$211K	$123K	10x	as long as short