Funding arb · Price arb /

SKHY

RWAall SKHY markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.023%

Price spread now: Orderly against KuCoin−0.166%7-day average — · you buy dearer than you sell

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

Long on KuCoin Short on Orderly

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

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

Together, before fees—needs both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Orderly is 0.166% cheaper against KuCoin than usual: you would sell low and buy high, −$17 on $10k if it goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin SKHYUSDTM	186.59	0.0100	pay 0.0100% / 8h	1h 37m	$1.1M	$328K	20x
Short	Orderly PERP_SKHY_USDC_mythos	186.28	0.0100	get 0.0100% / 8h	1h 37m	$2K	$4K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly 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 OrderlybpOrdersPrice spread, now −0.166%Rate

Funding earned: $0
Price spread: −0.166% → 0.000%: −$16.61
Slippage, 4 orders: no order book: not counted
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Orderly: 3 bp × 2 orders: −$6
Net: −$34.61
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: KuCoin: live order book, 7 min ago; Orderly: no order-book sample. 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 KuCoin live order book, 7 min ago	1.87 bp	34.2 bp −$34	doesn't fit	doesn't fit	doesn't fit
Sell Orderly no order-book sample	—	—	—	—	—

Orderly: 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	−0.1197%	8h	186.55	−0.021%	$25.0M	$31.6M	20x	as long as short
edgeX SKHYUSDC	−0.0809%	4h	186.57	−0.013%	$562K	$290K	10x	as long as short
Deribit SKHY_USDC-PERPETUAL	−0.0715%	1h	186.27	−0.171%	$49K	$341K	10x	as long as short
tradeXYZ xyz:SKHY	−0.0203%	1h	186.41	−0.096%	$158.4M	$74.3M	10x	as long as short
Nado SKHY-PERP	−0.0195%	1h	186.42	−0.090%	$33K	$28K	10x	as long as short
Popdex SKHYUSDT	−0.0192%	1h	186.21	−0.204%	$196K	$274K	20x	as long as short
Polymarket Perps SKHY-USD	−0.0190%	1h	186.15	−0.236%	$180K	$487K	10x	as long as short
Lighter SKHY	−0.0144%	1h	186.39	−0.107%	$961K	$1.1M	10x	as long as short
Kraken Futures PF_SKHYUSD	−0.0139%	1h	186.36	−0.123%	$47K	$19K	20x	as long as short
Coinbase International SKHY-PERP-INTX	−0.0104%	1h	187.75	+0.622%	$63K	$902K	10x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Ondo Perps SKHY-USD.P	−0.0052%	1h	186.07	−0.279%	$514K	$2.6M	10x	as long as short
QFEX SKHY-USD	−0.0049%	1h	186.22	−0.198%	$1.2M	$4.1M	10x	as long as short
Aster SKHYUSDT	0.0000%	8h	186.63	+0.021%	$226K	$916K	50x	as long as short
Extended SKHY-USD	0.0000%	1h	186.34	−0.132%	$54K	$7K	10x	as long as short
Binance SKHYUSDT	0.0000%	8h	186.40	−0.102%	$199.0M	$438.6M	50x	as long as short
Bybit SKHYUSDT	0.0000%	8h	186.42	−0.091%	$15.8M	$29.3M	100x	as long as short
OKX SKHY-USDT-SWAP	0.0000%	8h	186.39	−0.107%	$44.5M	$77.4M	50x	as long as short
Gate SKHY_USDT	0.0000%	8h	186.34	−0.134%	$25.5M	$20.4M	75x	as long as short
Variational Omni SKHY	0.0000%	8h	186.53	−0.031%	$1.6M	$1.0M	—	as long as short
GRVT SKHY_USDT_Perp	0.0000%	8h	186.59	0.000%	$22K	$228K	10x	as long as short
SunX SKHY-USDT	0.0000%	8h	186.52	−0.038%	$683	$6.1M	10x	as long as short
HTX SKHY-USDT	0.0000%	8h	186.19	−0.214%	$154K	$367K	50x	as long as short
Phemex SKHYUSDT	0.0000%	8h	186.34	−0.134%	$1.5M	$1.1M	10x	as long as short
Lighter RH SKHY	+0.0032%	1h	186.36	−0.123%	$1.1M	$1.6M	10x	as long as short
Arcus SKHY-USD	+0.0040%	1h	186.43	−0.086%	$58K	$165K	10x	as long as short
Vest SKHY-USD-PERP	+0.0046%	1h	186.41	−0.096%	—	$24K	10x	as long as short
SoDEX SKHY-USD	+0.0050%	1h	186.25	−0.182%	$41K	$13K	10x	as long as short
KuCoin SKHYUSDTMlong	+0.0100%	8h	186.59	long leg	$1.1M	$328K	20x
Orderly PERP_SKHY_USDC_mythosshort	+0.0100%	8h	186.28	−0.166%	$2K	$4K	10x
BloFin SKHY-USDT	+0.0120%	8h	186.25	−0.182%	$2.2M	$419K	50x	as long as short
Phoenix SKHY	+0.0213%	1h	187.04	+0.241%	$210K	$115K	10x	as long as short