Funding arb · Price arb /

SKHY

RWAall SKHY markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0562%/8h= +61.6% APRpaid last 24h +0.164%

Price spread now: OKX against edgeX−0.075%81s7-day average −0.010% · you buy dearer than you sell

Net, funding: paid 7d − costs−$87as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$340.335% of the position

Long on edgeX Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.534%−$53 on $10k

Price spread, last 4 days (all we have)−0.753%−$75 · spread now −0.075%, 7d avg −0.010%

Together, before fees−1.287%+ Points / potential airdropedgeX: Active · farm board−$129 on $10k · with fees, hour by hour

Funding pays, the price is against you. OKX is 0.065% cheaper against edgeX than usual: you would sell low and buy high (spread −0.075% now, against its 7-day average of −0.010%). If the spread goes back, that is −$6 on $10k: about 9 hours of funding at the current rate (+$17 a day). Mind the row above: over the last 7 days funding on this pair cost −0.534%, so the current rate has only just turned in your favour. The two prices were read 81 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	edgeX SKHYUSDC	186.21	−0.0562	get 0.0281% / 4h	4m 11s	$561K	$290K	10x
Short	OKX SKHY-USDT-SWAP	186.07	0	get 0.0000% / 8h	4m 11s	$44.4M	$80.1M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now −0.075%Rate

Funding earned: $118.11
Price spread: −0.075% → −0.010%: −$6.47
Slippage, 4 orders: −$14.5
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee OKX: 5 bp × 2 orders: −$10
Net: $78.13
Costs to cover: 0.335%
Break-even: 2.4 days

Slippage from edgeX: live order book, 34 min ago; OKX: live order book, 5 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, 34 min ago	5.63 bp	10.9 bp −$11	15.3 bp −$153	doesn't fit	doesn't fit
Sell OKX live order book, 5 min ago	0.27 bp	5.9 bp −$6	8.4 bp −$84	27.1 bp −$2,708	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
Bitget SKHYUSDT	−0.1247%	8h	186.38	+0.092%	$25.5M	$33.5M	20x	as long as short
edgeX SKHYUSDClong	−0.0562%	4h	186.21	long leg	$561K	$290K	10x
Kraken Futures PF_SKHYUSD	−0.0266%	1h	186.55	+0.183%	$48K	$21K	20x	as long as short
Deribit SKHY_USDC-PERPETUAL	−0.0179%	1h	186.21	+0.001%	$49K	$348K	10x	as long as short
tradeXYZ xyz:SKHY	−0.0125%	1h	186.20	−0.005%	$158.0M	$76.8M	10x	as long as short
Nado SKHY-PERP	−0.0114%	1h	186.27	+0.030%	$33K	$28K	10x	as long as short
Coinbase International SKHY-PERP-INTX	−0.0072%	1h	187.58	+0.736%	$68K	$788K	10x	as long as short
KuCoin SKHYUSDTM	−0.0063%	8h	186.15	−0.032%	$1.1M	$351K	20x	as long as short
QFEX SKHY-USD	−0.0061%	1h	186.19	−0.010%	$1.2M	$4.3M	10x	as long as short
Polymarket Perps SKHY-USD	−0.0037%	1h	186.11	−0.053%	$180K	$486K	10x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster SKHYUSDT	0.0000%	8h	186.30	+0.046%	$225K	$899K	50x	as long as short
Extended SKHY-USD	0.0000%	1h	186.12	−0.045%	$54K	$7K	10x	as long as short
Binance SKHYUSDT	0.0000%	8h	186.16	−0.027%	$199.7M	$453.3M	50x	as long as short
Bybit SKHYUSDT	0.0000%	8h	186.13	−0.042%	$16.0M	$30.5M	100x	as long as short
OKX SKHY-USDT-SWAPshort	0.0000%	8h	186.07	−0.075%	$44.4M	$80.1M	50x
Gate SKHY_USDT	0.0000%	8h	186.16	−0.026%	$25.5M	$21.2M	75x	as long as short
Variational Omni SKHY	0.0000%	8h	186.18	−0.016%	$1.6M	$1.1M	—	as long as short
GRVT SKHY_USDT_Perp	0.0000%	8h	186.23	+0.009%	$22K	$239K	10x	as long as short
SunX SKHY-USDT	0.0000%	8h	186.45	+0.129%	$682	$6.0M	10x	as long as short
HTX SKHY-USDT	0.0000%	8h	186.07	−0.075%	$154K	$363K	50x	as long as short
Phemex SKHYUSDT	0.0000%	8h	186.16	−0.026%	$1.5M	$1.1M	10x	as long as short
Popdex SKHYUSDT	+0.0008%	1h	186.18	−0.016%	$204K	$287K	20x	as long as short
Lighter SKHY	+0.0016%	1h	186.20	−0.005%	$973K	$1.2M	10x	as long as short
Lighter RH SKHY	+0.0032%	1h	186.17	−0.021%	$1.1M	$1.5M	10x	as long as short
Arcus SKHY-USD	+0.0040%	1h	186.16	−0.026%	$60K	$171K	10x	as long as short
Vest SKHY-USD-PERP	+0.0046%	1h	186.19	−0.010%	—	$32K	10x	as long as short
SoDEX SKHY-USD	+0.0050%	1h	186.17	−0.021%	$41K	$12K	10x	as long as short
Ondo Perps SKHY-USD.P	+0.0050%	1h	186.21	+0.001%	$520K	$2.6M	10x	as long as short
Orderly PERP_SKHY_USDC_mythos	+0.0100%	8h	186.21	+0.001%	$2K	$4K	10x	as long as short
BloFin SKHY-USDT	+0.0120%	8h	186.19	−0.010%	$2.2M	$426K	50x	as long as short
Phoenix SKHY	+0.0129%	1h	186.40	+0.103%	$209K	$123K	10x	as long as short