Funding arb · Price arb /

SKHY

RWAall SKHY markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.1204%/8h= +131.9% APRpaid last 24h +0.118%

Price spread now: Phoenix against edgeX+0.138%7-day average +0.142% · you sell dearer than you buy

Net, funding: paid 7d − costs−$73as in the Funding arb table

Net, price: spread back to 7d avg − costs−$34as in the Price arb table

costs, in and out, $10k−$340.336% of the position

Long on edgeX Short on Phoenix

What this pair did over the last

the charts below follow

Funding, last 7 days−0.394%−$39 on $10k

Price spread, last 4 days (all we have)+1.250%+$125 · spread now +0.138%, 7d avg +0.142%

Together, before fees+0.855%+ Points / potential airdropedgeX: Active · farm board+$86 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.142%, so right now this pair is about funding alone: +$36 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair cost −0.394%, so the current rate has only just turned in your favour.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.394% in total (about -20.6% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	edgeX SKHYUSDC	192.69	−0.0874	get 0.0437% / 4h	2h 35m	$581K	$290K	10x
Short	Phoenix SKHY	192.96	0.0331	get 0.0041% / 1h	35m 08s	$216K	$123K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phoenix 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 PhoenixbpOrdersPrice spread, now +0.138%Rate

Funding earned: $252.91
Price spread: +0.138% → +0.142%: −$0.32
Slippage, 4 orders: −$17.58
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Phoenix: 3.5 bp × 2 orders: −$7
Net: $219.01
Costs to cover: 0.336%
Break-even: 0.9 days

Slippage from edgeX: live order book, 34 min ago; Phoenix: live order book, 27 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	1.03 bp	6.0 bp −$6	11.0 bp −$110	doesn't fit	doesn't fit
Sell Phoenix live order book, 27 min ago	3.10 bp	10.9 bp −$11	22.9 bp −$229	doesn't fit	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	−0.0874%	4h	192.69	long leg	$581K	$290K	10x
Coinbase International SKHY-PERP-INTX	−0.0072%	1h	192.90	+0.107%	$45K	$874K	10x	as long as short
Aster SKHYUSDT	0.0000%	8h	192.85	+0.080%	$248K	$890K	50x	as long as short
Extended SKHY-USD	0.0000%	1h	192.79	+0.052%	$56K	$7K	10x	as long as short
Binance SKHYUSDT	0.0000%	8h	192.86	+0.088%	$210.2M	$385.4M	50x	as long as short
Bybit SKHYUSDT	0.0000%	8h	192.91	+0.112%	$15.6M	$27.2M	100x	as long as short
OKX SKHY-USDT-SWAP	0.0000%	8h	192.92	+0.118%	$46.8M	$69.1M	50x	as long as short
Gate SKHY_USDT	0.0000%	8h	192.83	+0.071%	$25.8M	$18.8M	75x	as long as short
Variational Omni SKHY	0.0000%	8h	192.76	+0.032%	$1.6M	$2.1M	—	as long as short
GRVT SKHY_USDT_Perp	0.0000%	8h	192.71	+0.010%	$22K	$192K	10x	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	193.17	+0.247%	$707	$6.6M	10x	as long as short
Deribit SKHY_USDC-PERPETUAL	0.0000%	1h	192.82	+0.066%	$48K	$271K	10x	as long as short
HTX SKHY-USDT	0.0000%	8h	192.84	+0.076%	$160K	$376K	50x	as long as short
Phemex SKHYUSDT	0.0000%	8h	192.86	+0.086%	$1.5M	$1.1M	10x	as long as short
QFEX SKHY-USD	+0.0002%	1h	192.85	+0.081%	$1.2M	$4.6M	10x	as long as short
Nado SKHY-PERP	+0.0031%	1h	192.84	+0.075%	$42K	$21K	10x	as long as short
Lighter SKHY	+0.0032%	1h	192.72	+0.014%	$1.0M	$684K	10x	as long as short
Lighter RH SKHY	+0.0032%	1h	192.74	+0.024%	$1.1M	$1.5M	10x	as long as short
Arcus SKHY-USD	+0.0040%	1h	192.75	+0.029%	$57K	$154K	10x	as long as short
Vest SKHY-USD-PERP	+0.0046%	1h	192.84	+0.076%	—	$12K	10x	as long as short
Popdex SKHYUSDT	+0.0048%	1h	192.87	+0.092%	$197K	$257K	20x	as long as short
tradeXYZ xyz:SKHY	+0.0050%	1h	192.80	+0.055%	$163.1M	$65.7M	10x	as long as short
Polymarket Perps SKHY-USD	+0.0050%	1h	192.80	+0.055%	$188K	$456K	10x	as long as short
SoDEX SKHY-USD	+0.0050%	1h	192.78	+0.045%	$43K	$13K	10x	as long as short
Ondo Perps SKHY-USD.P	+0.0050%	1h	192.62	−0.038%	$535K	$1.8M	10x	as long as short
KuCoin SKHYUSDTM	+0.0100%	8h	192.80	+0.055%	$1.1M	$280K	20x	as long as short
Orderly PERP_SKHY_USDC_mythos	+0.0100%	8h	192.85	+0.081%	$2K	$4K	10x	as long as short
BloFin SKHY-USDT	+0.0120%	8h	193.08	+0.201%	$2.3M	$445K	50x	as long as short
Phoenix SKHYshort	+0.0331%	1h	192.96	+0.138%	$216K	$123K	10x
Bitget SKHYUSDT	+0.0339%	8h	192.88	+0.097%	$25.5M	$26.3M	20x	as long as short
Kraken Futures PF_SKHYUSD	+0.0707%	1h	192.89	+0.101%	$51K	$17K	20x	as long as short