Funding arb · Price arb /

SKHY

RWAall SKHY markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0072%/8h= −7.9% APRpaid last 24h +0.001%

Price spread now: Coinbase International against HTX+0.682%7-day average +0.154% · you sell dearer than you buy

Net, funding: paid 7d − costs−$49as in the Funding arb table

Net, price: spread back to 7d avg − costs+$12as in the Price arb table

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

Long on HTX Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days−0.083%−$8 on $10k

Price spread, last 4 days (all we have)−0.678%−$68 · spread now +0.682%, 7d avg +0.154%

Together, before fees−0.761%−$76 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Coinbase International is 0.528% dearer against HTX than usual: you sell high and buy low (spread +0.682% now, against its 7-day average of +0.154%): +$53 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 24 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX SKHY-USDT	186.31	0	get 0.0000% / 8h	48m 03s	$155K	$363K	50x
Short	Coinbase International SKHY-PERP-INTX	187.58	−0.0072	pay 0.0009% / 1h	48m 03s	$68K	$905K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against HTX. 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 HTXbpFee Coinbase InternationalbpOrdersPrice spread, now +0.682%Rate

Funding earned: −$15.12
Price spread: +0.682% → +0.154%: $52.81
Slippage, 4 orders: −$18.6
Fee HTX: 6 bp × 2 orders: −$12
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$2.91
Costs to cover: 0.406%
Break-even: from the start

Slippage from HTX: live order book, 55 min ago; Coinbase International: live order book, 55 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 HTX live order book, 55 min ago	2.41 bp	8.9 bp −$9	12.5 bp −$125	doesn't fit	doesn't fit
Sell Coinbase International live order book, 55 min ago	5.89 bp	10.9 bp −$11	19.1 bp −$191	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
Bitget SKHYUSDT	−0.1365%	8h	186.68	+0.199%	$25.4M	$32.9M	20x	as long as short
edgeX SKHYUSDC	−0.0629%	4h	186.27	−0.020%	$562K	$291K	10x	as long as short
tradeXYZ xyz:SKHY	−0.0287%	1h	186.47	+0.086%	$158.5M	$76.9M	10x	as long as short
Kraken Futures PF_SKHYUSD	−0.0266%	1h	186.54	+0.126%	$48K	$21K	20x	as long as short
Popdex SKHYUSDT	−0.0256%	1h	186.48	+0.091%	$205K	$287K	20x	as long as short
Deribit SKHY_USDC-PERPETUAL	−0.0233%	1h	186.41	+0.054%	$49K	$346K	10x	as long as short
Nado SKHY-PERP	−0.0220%	1h	186.52	+0.113%	$33K	$28K	10x	as long as short
Polymarket Perps SKHY-USD	−0.0193%	1h	186.32	+0.005%	$180K	$487K	10x	as long as short
Lighter SKHY	−0.0080%	1h	186.49	+0.097%	$975K	$1.2M	10x	as long as short
Coinbase International SKHY-PERP-INTXshort	−0.0072%	1h	187.58	+0.682%	$68K	$905K	10x

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
QFEX SKHY-USD	−0.0061%	1h	186.50	+0.102%	$1.2M	$4.3M	10x	as long as short
Ondo Perps SKHY-USD.P	−0.0022%	1h	186.24	−0.038%	$520K	$2.6M	10x	as long as short
KuCoin SKHYUSDTM	−0.0019%	8h	186.33	+0.011%	$1.1M	$326K	20x	as long as short
Aster SKHYUSDT	0.0000%	8h	186.60	+0.154%	$224K	$925K	50x	as long as short
Extended SKHY-USD	0.0000%	1h	186.39	+0.043%	$54K	$7K	10x	as long as short
Binance SKHYUSDT	0.0000%	8h	186.50	+0.102%	$200.4M	$450.0M	50x	as long as short
Bybit SKHYUSDT	0.0000%	8h	186.49	+0.097%	$16.7M	$29.6M	100x	as long as short
OKX SKHY-USDT-SWAP	0.0000%	8h	186.49	+0.097%	$44.5M	$79.2M	50x	as long as short
Gate SKHY_USDT	0.0000%	8h	186.48	+0.091%	$25.5M	$20.9M	75x	as long as short
Variational Omni SKHY	0.0000%	8h	186.25	−0.033%	$1.6M	$1.0M	—	as long as short
GRVT SKHY_USDT_Perp	0.0000%	8h	186.21	−0.056%	$22K	$232K	10x	as long as short
SunX SKHY-USDT	0.0000%	8h	186.80	+0.263%	$684	$6.1M	10x	as long as short
HTX SKHY-USDTlong	0.0000%	8h	186.31	long leg	$155K	$363K	50x
Phemex SKHYUSDT	0.0000%	8h	186.51	+0.107%	$1.5M	$1.1M	10x	as long as short
Lighter RH SKHY	+0.0032%	1h	186.44	+0.070%	$1.1M	$1.5M	10x	as long as short
Arcus SKHY-USD	+0.0040%	1h	186.38	+0.038%	$60K	$171K	10x	as long as short
Vest SKHY-USD-PERP	+0.0046%	1h	186.47	+0.086%	—	$32K	10x	as long as short
SoDEX SKHY-USD	+0.0050%	1h	186.45	+0.075%	$41K	$12K	10x	as long as short
Orderly PERP_SKHY_USDC_mythos	+0.0100%	8h	186.42	+0.059%	$2K	$4K	10x	as long as short
BloFin SKHY-USDT	+0.0120%	8h	186.58	+0.145%	$2.2M	$424K	50x	as long as short
Phoenix SKHY	+0.0129%	1h	186.38	+0.038%	$209K	$123K	10x	as long as short