Funding arb · Price arb /

SKHY

RWAall SKHY markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 20:00 UTC+0.0474%/8hpaid last 24h −0.082%

Price spread now: Variational Omni against edgeX+0.009%89s7-day average +0.007% · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on edgeX Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.470%−$47 on $10k

Price spread, last 3 days (all we have)−0.086%−$9 · spread now +0.009%, 7d avg +0.007%

Together, before fees−0.556%+ Points / potential airdropedgeX: Active · Variational Omni: Active · farm board−$56 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.007%, so right now this pair is about funding alone: +$14 a day on $10k at the current rate. Mind the row above: over the last 3 days funding on this pair cost −0.470%, so the current rate has only just turned in your favour. The two prices were read 89 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	189.44	−0.0474	get 0.0237% / 4h	21m 58s	$571K	$289K	10x
Short	Variational Omni SKHY	189.45	0	get 0.0000% / 8h	4h 21m	$1.5M	$2.5M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni 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 Variational OmnibpOrdersPrice spread, now +0.009%Rate

Funding earned: $99.58
Price spread: +0.009% → +0.007%: $0.27
Slippage, 4 orders: no order book: not counted
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Variational Omni: 0 bp × 2 orders: $0
Net: $90.86
Costs to cover: 0.090%
Break-even: 0.6 days

Slippage unknown: edgeX: live order book, 11 min ago; Variational Omni: RFQ quote, 2 min ago. Net counts fees only.

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, 11 min ago	1.06 bp	5.8 bp −$6	10.5 bp −$105	doesn't fit	doesn't fit
Sell Variational Omni RFQ quote, 2 min ago	2.25 bp	doesn't fit	7.7 bp −$77	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	−0.0474%	4h	189.44	long leg	$571K	$289K	10x
Nado SKHY-PERP	−0.0187%	1h	189.45	+0.007%	$28K	$2K	10x	as long as short
KuCoin SKHYUSDTM	−0.0022%	8h	189.33	−0.056%	$1.1M	$302K	20x	as long as short
tradeXYZ xyz:SKHY	−0.0006%	1h	189.50	+0.034%	$167.1M	$62.3M	10x	as long as short
QFEX SKHY-USD	−0.0006%	1h	189.39	−0.024%	$1.2M	$5.2M	10x	as long as short
Aster SKHYUSDT	0.0000%	8h	189.42	−0.009%	$261K	$846K	50x	as long as short
Extended SKHY-USD	0.0000%	1h	189.48	+0.026%	$55K	$4K	10x	as long as short
Binance SKHYUSDT	0.0000%	8h	189.51	+0.039%	$215.1M	$363.3M	50x	as long as short
Bybit SKHYUSDT	0.0000%	8h	189.54	+0.055%	$16.1M	$25.2M	100x	as long as short
OKX SKHY-USDT-SWAP	0.0000%	8h	189.48	+0.023%	$47.3M	$60.2M	50x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate SKHY_USDT	0.0000%	8h	189.38	−0.030%	$26.8M	$16.5M	75x	as long as short
Bitget SKHYUSDT	0.0000%	8h	189.52	+0.044%	$25.6M	$23.7M	20x	as long as short
Variational Omni SKHYshort	0.0000%	8h	189.45	+0.009%	$1.5M	$2.5M	—
GRVT SKHY_USDT_Perp	0.0000%	8h	189.44	0.000%	$22K	$207K	10x	as long as short
SunX SKHY-USDT	0.0000%	8h	189.69	+0.134%	$694	$7.4M	10x	as long as short
Deribit SKHY_USDC-PERPETUAL	0.0000%	1h	189.47	+0.018%	$45K	$205K	10x	as long as short
HTX SKHY-USDT	0.0000%	8h	189.37	−0.035%	$155K	$381K	50x	as long as short
Phemex SKHYUSDT	0.0000%	8h	189.03	−0.215%	$1.5M	$1.1M	10x	as long as short
Polymarket Perps SKHY-USD	+0.0029%	1h	189.38	−0.030%	$192K	$922K	10x	as long as short
Lighter SKHY	+0.0032%	1h	189.42	−0.009%	$1.0M	$687K	10x	as long as short
Lighter RH SKHY	+0.0032%	1h	189.34	−0.051%	$1.1M	$1.4M	10x	as long as short
Arcus SKHY-USD	+0.0040%	1h	189.36	−0.040%	$62K	$141K	10x	as long as short
Ondo Perps SKHY-USD.P	+0.0044%	1h	189.14	−0.156%	$527K	$846K	10x	as long as short
Vest SKHY-USD-PERP	+0.0046%	1h	189.46	+0.012%	—	$11K	10x	as long as short
Popdex SKHYUSDT	+0.0048%	1h	189.43	−0.003%	$204K	$232K	20x	as long as short
SoDEX SKHY-USD	+0.0050%	1h	189.39	−0.024%	$42K	$12K	10x	as long as short
Orderly PERP_SKHY_USDC_mythos	+0.0100%	8h	189.45	+0.007%	$2K	$5K	10x	as long as short
Coinbase International SKHY-PERP-INTX	+0.0112%	1h	189.61	+0.092%	$170K	$670K	10x	as long as short
BloFin SKHY-USDT	+0.0120%	8h	189.28	−0.083%	$2.3M	$364K	50x	as long as short
Phoenix SKHY	+0.0297%	1h	189.68	+0.129%	$214K	$119K	10x	as long as short
Kraken Futures PF_SKHYUSD	+0.0740%	1h	189.57	+0.069%	$50K	$26K	20x	as long as short