Funding arb · Price arb /

SKHY

RWAall SKHY markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0483%/8h= −52.9% APRpaid last 24h −0.112%

Price spread now: edgeX against KuCoin−0.162%98s7-day average +0.016% · you buy dearer than you sell

Net, funding: paid 7d − costs−$29as 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−$930.928% of the position

Long on KuCoin Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.634%+$63 on $10k

Price spread, last 4 days (all we have)+0.580%+$58 · spread now −0.162%, 7d avg +0.016%

Together, before fees+1.213%+ Points / potential airdropedgeX: Active · farm board+$121 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$14 a day on $10k at the current rate, and edgeX is 0.179% cheaper against KuCoin than usual: you would sell low and buy high (−$18 if the spread goes back to its 7-day average of +0.016%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.634%, so the current rate has only just turned against you. The two prices were read 98 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	KuCoin SKHYUSDTM	192.96	0.0100	pay 0.0100% / 8h	5h 21m	$1.1M	$291K	20x
Short	edgeX SKHYUSDC	192.65	−0.0383	pay 0.0191% / 4h	1h 21m	$581K	$290K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX against KuCoin. 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 KuCoinbpFee edgeXbpOrdersPrice spread, now −0.162%Rate

Funding earned: −$101.37
Price spread: −0.162% → +0.016%: −$17.89
Slippage, 4 orders: −$71.79
Fee KuCoin: 6 bp × 2 orders: −$12
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$212.04
Costs to cover: 0.928%
Break-even: never at this rate

Slippage from KuCoin: live order book, 3 min ago; edgeX: live order book, 42 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 KuCoin live order book, 3 min ago	3.12 bp	24.7 bp −$25	doesn't fit	doesn't fit	doesn't fit
Sell edgeX live order book, 42 min ago	1.04 bp	5.9 bp −$6	11.2 bp −$112	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 SKHYUSDCshort	−0.0383%	4h	192.65	−0.162%	$581K	$290K	10x
Coinbase International SKHY-PERP-INTX	−0.0032%	1h	192.90	−0.031%	$45K	$874K	10x	as long as short
Aster SKHYUSDT	0.0000%	8h	192.93	−0.018%	$248K	$888K	50x	as long as short
Extended SKHY-USD	0.0000%	1h	193.02	+0.033%	$56K	$7K	10x	as long as short
Binance SKHYUSDT	0.0000%	8h	193.09	+0.069%	$206.6M	$390.7M	50x	as long as short
Bybit SKHYUSDT	0.0000%	8h	193.08	+0.062%	$15.7M	$27.3M	100x	as long as short
OKX SKHY-USDT-SWAP	0.0000%	8h	193.08	+0.062%	$46.7M	$69.5M	50x	as long as short
Gate SKHY_USDT	0.0000%	8h	193.01	+0.026%	$25.8M	$19.0M	75x	as long as short
Variational Omni SKHY	0.0000%	8h	192.70	−0.137%	$1.6M	$1.2M	—	as long as short
GRVT SKHY_USDT_Perp	0.0000%	8h	192.68	−0.145%	$23K	$195K	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	193.28	+0.166%	$707	$6.4M	10x	as long as short
HTX SKHY-USDT	0.0000%	8h	192.85	−0.057%	$160K	$367K	50x	as long as short
Phemex SKHYUSDT	0.0000%	8h	192.97	+0.005%	$1.5M	$1.1M	10x	as long as short
QFEX SKHY-USD	+0.0004%	1h	192.89	−0.036%	$1.2M	$4.3M	10x	as long as short
Lighter SKHY	+0.0032%	1h	192.86	−0.052%	$1.0M	$688K	10x	as long as short
Lighter RH SKHY	+0.0032%	1h	192.87	−0.047%	$1.1M	$1.5M	10x	as long as short
Arcus SKHY-USD	+0.0040%	1h	192.74	−0.114%	$57K	$154K	10x	as long as short
Vest SKHY-USD-PERP	+0.0046%	1h	192.84	−0.062%	—	$11K	10x	as long as short
Popdex SKHYUSDT	+0.0048%	1h	192.99	+0.016%	$200K	$256K	20x	as long as short
tradeXYZ xyz:SKHY	+0.0050%	1h	192.87	−0.047%	$161.3M	$67.3M	10x	as long as short
Polymarket Perps SKHY-USD	+0.0050%	1h	192.84	−0.062%	$188K	$456K	10x	as long as short
SoDEX SKHY-USD	+0.0050%	1h	192.92	−0.021%	$43K	$13K	10x	as long as short
Ondo Perps SKHY-USD.P	+0.0050%	1h	192.80	−0.083%	$584K	$2.2M	10x	as long as short
KuCoin SKHYUSDTMlong	+0.0100%	8h	192.96	long leg	$1.1M	$291K	20x
Orderly PERP_SKHY_USDC_mythos	+0.0100%	8h	192.96	0.000%	$2K	$4K	10x	as long as short
BloFin SKHY-USDT	+0.0120%	8h	192.90	−0.031%	$2.3M	$446K	50x	as long as short
Bitget SKHYUSDT	+0.0132%	8h	192.99	+0.016%	$25.4M	$26.8M	20x	as long as short
Nado SKHY-PERP	+0.0169%	1h	192.87	−0.047%	$38K	$26K	10x	as long as short
Deribit SKHY_USDC-PERPETUAL	+0.0268%	1h	192.99	+0.016%	$49K	$297K	10x	as long as short
Phoenix SKHY	+0.0332%	1h	192.82	−0.073%	$216K	$124K	10x	as long as short
Kraken Futures PF_SKHYUSD	+0.0546%	1h	193.06	+0.052%	$51K	$17K	20x	as long as short