Funding arb · Price arb /

SKHY

RWAall SKHY markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC+0.0029%/8h= +3.2% APRpaid last 24h +0.187%

Price spread now: Deribit against edgeX−0.165%7-day average +0.022% · 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−$59as in the Price arb table

costs, in and out, $10k−$410.406% of the position

Long on edgeX Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.312%−$31 on $10k

Price spread, last 4 days (all we have)+0.153%+$15 · spread now −0.165%, 7d avg +0.022%

Together, before fees−0.159%+ Points / potential airdropedgeX: Active · farm board−$16 on $10k · with fees, hour by hour

Funding pays, the price is against you. Deribit is 0.187% cheaper against edgeX than usual: you would sell low and buy high (spread −0.165% now, against its 7-day average of +0.022%). If the spread goes back, that is −$19 on $10k: about 21 days of funding at the current rate (+$1 a day). Mind the row above: over the last 4 days funding on this pair cost −0.312%, 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	187.94	−0.0578	get 0.0289% / 4h	56m 41s	$566K	$285K	10x
Short	Deribit SKHY_USDC-PERPETUAL	187.63	−0.0549	pay 0.0069% / 1h	56m 41s	$51K	$495K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit against edgeX. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 DeribitbpOrdersPrice spread, now −0.165%Rate

Funding earned: $6.09
Price spread: −0.165% → +0.022%: −$18.66
Slippage, 4 orders: −$24.62
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$53.19
Costs to cover: 0.406%
Break-even: 68.1 days

Slippage from edgeX: live order book, 50 min ago; Deribit: 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 edgeX live order book, 50 min ago	1.07 bp	5.9 bp −$6	10.9 bp −$109	doesn't fit	doesn't fit
Sell Deribit live order book, 50 min ago	5.59 bp	9.6 bp −$10	13.3 bp −$133	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	−0.2056%	1h	187.76	−0.094%	$51K	$36K	20x	as long as short
edgeX SKHYUSDClong	−0.0578%	4h	187.94	long leg	$566K	$285K	10x
Deribit SKHY_USDC-PERPETUALshort	−0.0549%	1h	187.63	−0.165%	$51K	$495K	10x
Bitget SKHYUSDT	−0.0281%	8h	187.70	−0.127%	$26.1M	$36.5M	20x	as long as short
Nado SKHY-PERP	−0.0216%	1h	187.88	−0.031%	$32K	$28K	10x	as long as short
KuCoin SKHYUSDTM	−0.0205%	8h	187.73	−0.111%	$1.1M	$515K	20x	as long as short
tradeXYZ xyz:SKHY	−0.0140%	1h	187.68	−0.138%	$158.4M	$77.5M	10x	as long as short
Coinbase International SKHY-PERP-INTX	−0.0096%	1h	187.65	−0.154%	$110K	$739K	10x	as long as short
Ondo Perps SKHY-USD.P	−0.0070%	1h	187.96	+0.011%	$523K	$2.5M	10x	as long as short
Lighter SKHY	−0.0048%	1h	187.53	−0.218%	$981K	$1.4M	10x	as long as short

Show all 31 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Polymarket Perps SKHY-USD	−0.0034%	1h	187.66	−0.149%	$182K	$342K	10x	as long as short
Binance SKHYUSDT	−0.0016%	8h	187.66	−0.150%	$197.6M	$471.8M	50x	as long as short
Extended SKHY-USD	−0.0016%	1h	187.59	−0.185%	$55K	$7K	10x	as long as short
Popdex SKHYUSDT	−0.0016%	1h	187.63	−0.165%	$200K	$310K	20x	as long as short
QFEX SKHY-USD	−0.0013%	1h	187.59	−0.186%	$1.2M	$4.2M	10x	as long as short
Aster SKHYUSDT	0.0000%	8h	187.61	−0.178%	$260K	$916K	50x	as long as short
Bybit SKHYUSDT	0.0000%	8h	187.77	−0.090%	$16.4M	$33.9M	100x	as long as short
OKX SKHY-USDT-SWAP	0.0000%	8h	187.66	−0.149%	$44.5M	$85.5M	50x	as long as short
Gate SKHY_USDT	0.0000%	8h	187.60	−0.181%	$25.3M	$21.3M	75x	as long as short
Variational Omni SKHY	0.0000%	8h	187.74	−0.109%	$1.5M	$954K	—	as long as short
GRVT SKHY_USDT_Perp	0.0000%	8h	187.78	−0.085%	$22K	$255K	10x	as long as short
SunX SKHY-USDT	0.0000%	8h	187.99	+0.027%	$688	$5.4M	10x	as long as short
HTX SKHY-USDT	0.0000%	8h	187.68	−0.138%	$154K	$383K	50x	as long as short
Phemex SKHYUSDT	0.0000%	8h	187.78	−0.085%	$1.5M	$1.1M	10x	as long as short
Lighter RH SKHY	+0.0032%	1h	187.49	−0.239%	$1.1M	$1.5M	10x	as long as short
Arcus SKHY-USD	+0.0040%	1h	187.61	−0.175%	$60K	$131K	10x	as long as short
Vest SKHY-USD-PERP	+0.0046%	1h	187.78	−0.085%	—	$40K	10x	as long as short
SoDEX SKHY-USD	+0.0050%	1h	187.77	−0.090%	$41K	$12K	10x	as long as short
Orderly PERP_SKHY_USDC_mythos	+0.0100%	8h	187.77	−0.090%	$2K	$4K	10x	as long as short
BloFin SKHY-USDT	+0.0110%	8h	187.74	−0.106%	$2.2M	$490K	50x	as long as short
Phoenix SKHY	+0.0255%	1h	188.00	+0.032%	$211K	$123K	10x	as long as short