Funding arb · Price arb /

SKHY

RWAall SKHY markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0168%/8h= −18.4% APRpaid last 24h −0.201%

Price spread now: edgeX against Extended−0.169%53s7-day average — · you buy dearer than you sell

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

Long on Extended Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.601%+$60 on $10k

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropExtended: Active · edgeX: Active · farm boardneeds both histories

Both sides work against this trade now: funding costs −$5 a day on $10k at the current rate, and edgeX is 0.169% cheaper against Extended than usual: you would sell low and buy high (−$17 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.601%, so the current rate has only just turned against you. The two prices were read 53 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	Extended SKHY-USD	184.70	−0.0056	get 0.0007% / 1h	20m 28s	$53K	$7K	10x
Short	edgeX SKHYUSDC	184.38	−0.0224	pay 0.0112% / 4h	3h 20m	$556K	$290K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX against Extended. 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 ExtendedbpFee edgeXbpOrdersPrice spread, now −0.169%Rate

Funding earned: −$35.23
Price spread: −0.169% → 0.000%: −$16.86
Slippage, 4 orders: no order book: not counted
Fee Extended: 2.5 bp × 2 orders: −$5
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$66.09
Costs to cover: 0.140%
Break-even: never at this rate

Slippage unknown: Extended: no order-book sample; edgeX: live order book, 13 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 Extended no order-book sample	—	—	—	—	—
Sell edgeX live order book, 13 min ago	1.36 bp	6.1 bp −$6	11.7 bp −$117	doesn't fit	doesn't fit

Extended: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	−0.1152%	8h	184.88	+0.100%	$25.4M	$35.1M	20x	as long as short
KuCoin SKHYUSDTM	−0.0246%	8h	184.56	−0.074%	$1.1M	$375K	20x	as long as short
edgeX SKHYUSDCshort	−0.0224%	4h	184.38	−0.169%	$556K	$290K	10x
GRVT SKHY_USDT_Perp	−0.0198%	8h	184.46	−0.128%	$22K	$246K	10x	as long as short
Extended SKHY-USDlong	−0.0056%	1h	184.70	long leg	$53K	$7K	10x
tradeXYZ xyz:SKHY	−0.0051%	1h	184.77	+0.040%	$156.6M	$77.9M	10x	as long as short
Binance SKHYUSDT	−0.0047%	8h	184.80	+0.056%	$195.9M	$464.9M	50x	as long as short
Nado SKHY-PERP	−0.0034%	1h	184.73	+0.021%	$32K	$28K	10x	as long as short
QFEX SKHY-USD	−0.0028%	1h	184.84	+0.078%	$1.2M	$4.3M	10x	as long as short
Variational Omni SKHY	−0.0022%	8h	184.84	+0.077%	$1.6M	$1.0M	—	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	184.60	−0.053%	$265K	$951K	50x	as long as short
Bybit SKHYUSDT	0.0000%	8h	184.76	+0.035%	$16.0M	$33.3M	100x	as long as short
OKX SKHY-USDT-SWAP	0.0000%	8h	184.82	+0.067%	$43.7M	$81.7M	50x	as long as short
Gate SKHY_USDT	0.0000%	8h	184.73	+0.018%	$25.6M	$21.8M	75x	as long as short
SunX SKHY-USDT	0.0000%	8h	185.09	+0.213%	$677	$5.9M	10x	as long as short
Deribit SKHY_USDC-PERPETUAL	0.0000%	1h	184.83	+0.073%	$47K	$354K	10x	as long as short
HTX SKHY-USDT	0.0000%	8h	184.77	+0.040%	$153K	$375K	50x	as long as short
Phemex SKHYUSDT	0.0000%	8h	184.83	+0.073%	$1.5M	$1.1M	10x	as long as short
Coinbase International SKHY-PERP-INTX	+0.0024%	1h	183.79	−0.491%	$66K	$752K	10x	as long as short
Lighter SKHY	+0.0032%	1h	184.59	−0.057%	$980K	$1.3M	10x	as long as short
Lighter RH SKHY	+0.0032%	1h	184.67	−0.014%	$1.1M	$1.5M	10x	as long as short
Ondo Perps SKHY-USD.P	+0.0039%	1h	184.81	+0.062%	$510K	$2.6M	10x	as long as short
Arcus SKHY-USD	+0.0040%	1h	184.70	+0.002%	$59K	$173K	10x	as long as short
Vest SKHY-USD-PERP	+0.0046%	1h	184.74	+0.024%	—	$38K	10x	as long as short
Popdex SKHYUSDT	+0.0048%	1h	184.80	+0.056%	$199K	$295K	20x	as long as short
Polymarket Perps SKHY-USD	+0.0050%	1h	184.75	+0.029%	$179K	$451K	10x	as long as short
SoDEX SKHY-USD	+0.0050%	1h	184.66	−0.020%	$41K	$12K	10x	as long as short
BloFin SKHY-USDT	+0.0067%	8h	184.83	+0.073%	$2.1M	$446K	50x	as long as short
Orderly PERP_SKHY_USDC_mythos	+0.0100%	8h	184.63	−0.036%	$2K	$4K	10x	as long as short
Kraken Futures PF_SKHYUSD	+0.0171%	1h	184.89	+0.106%	$48K	$20K	20x	as long as short
Phoenix SKHY	+0.0215%	1h	184.57	−0.068%	$207K	$123K	10x	as long as short