Funding arb · Price arb /

SKHY

RWAall SKHY markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0056%/8h= +6.1% APRpaid last 24h +0.022%

Price spread now: HTX against Nado−0.129%7-day average — · you buy dearer than you sell

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

Long on Nado Short on HTX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

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

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

Funding pays, the price is against you. HTX is 0.129% cheaper against Nado than usual: you would sell low and buy high (spread −0.129% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$13 on $10k: about 7.7 days of funding at the current rate (+$2 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Nado SKHY-PERP	184.66	−0.0073	get 0.0009% / 1h	34m 07s	$33K	$28K	10x
Short	HTX SKHY-USDT	184.42	−0.0018	pay 0.0018% / 8h	7h 34m	$153K	$370K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX against Nado. 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 NadobpFee HTXbpOrdersPrice spread, now −0.129%Rate

Funding earned: $11.68
Price spread: −0.129% → 0.000%: −$12.86
Slippage, 4 orders: no order book: not counted
Fee Nado: 3.5 bp × 2 orders: −$7
Fee HTX: 6 bp × 2 orders: −$12
Net: −$20.18
Costs to cover: 0.190%
Break-even: 19.1 days

Slippage unknown: Nado: no order-book sample; HTX: live order book, 64 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 Nado no order-book sample	—	—	—	—	—
Sell HTX live order book, 64 min ago	2.68 bp	8.7 bp −$9	10.7 bp −$107	doesn't fit	doesn't fit

Nado: 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	−0.1230%	8h	184.48	−0.096%	$25.5M	$34.8M	20x	as long as short
edgeX SKHYUSDC	−0.0952%	4h	184.87	+0.116%	$557K	$290K	10x	as long as short
GRVT SKHY_USDT_Perp	−0.0445%	8h	184.94	+0.155%	$22K	$243K	10x	as long as short
KuCoin SKHYUSDTM	−0.0231%	8h	184.53	−0.069%	$1.1M	$367K	20x	as long as short
Bybit SKHYUSDT	−0.0156%	8h	184.54	−0.064%	$16.3M	$32.6M	100x	as long as short
tradeXYZ xyz:SKHY	−0.0114%	1h	184.42	−0.129%	$156.5M	$77.8M	10x	as long as short
Nado SKHY-PERPlong	−0.0073%	1h	184.66	long leg	$33K	$28K	10x
Ondo Perps SKHY-USD.P	−0.0056%	1h	184.51	−0.080%	$515K	$2.6M	10x	as long as short
Extended SKHY-USD	−0.0040%	1h	184.59	−0.037%	$54K	$7K	10x	as long as short
Binance SKHYUSDT	−0.0036%	8h	184.59	−0.037%	$197.3M	$462.8M	50x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
QFEX SKHY-USD	−0.0028%	1h	184.49	−0.091%	$1.2M	$4.3M	10x	as long as short
HTX SKHY-USDTshort	−0.0018%	8h	184.42	−0.129%	$153K	$370K	50x
Variational Omni SKHY	−0.0004%	8h	184.69	+0.020%	$1.6M	$1.0M	—	as long as short
Aster SKHYUSDT	0.0000%	8h	184.63	−0.015%	$265K	$951K	50x	as long as short
OKX SKHY-USDT-SWAP	0.0000%	8h	184.43	−0.123%	$43.7M	$81.8M	50x	as long as short
Gate SKHY_USDT	0.0000%	8h	184.52	−0.074%	$25.8M	$21.3M	75x	as long as short
SunX SKHY-USDT	0.0000%	8h	184.96	+0.164%	$677	$5.9M	10x	as long as short
Phemex SKHYUSDT	0.0000%	8h	184.71	+0.028%	$1.5M	$1.1M	10x	as long as short
Lighter SKHY	+0.0024%	1h	184.49	−0.091%	$982K	$1.3M	10x	as long as short
Coinbase International SKHY-PERP-INTX	+0.0024%	1h	187.58	+1.583%	$68K	$784K	10x	as long as short
Lighter RH SKHY	+0.0032%	1h	184.49	−0.091%	$1.1M	$1.5M	10x	as long as short
Arcus SKHY-USD	+0.0040%	1h	184.49	−0.091%	$59K	$172K	10x	as long as short
Vest SKHY-USD-PERP	+0.0046%	1h	184.46	−0.107%	—	$34K	10x	as long as short
Popdex SKHYUSDT	+0.0048%	1h	184.53	−0.069%	$201K	$288K	20x	as long as short
Polymarket Perps SKHY-USD	+0.0050%	1h	184.44	−0.118%	$178K	$451K	10x	as long as short
SoDEX SKHY-USD	+0.0050%	1h	184.58	−0.042%	$41K	$12K	10x	as long as short
BloFin SKHY-USDT	+0.0085%	8h	184.67	+0.007%	$2.1M	$438K	50x	as long as short
Orderly PERP_SKHY_USDC_mythos	+0.0100%	8h	184.64	−0.009%	$2K	$4K	10x	as long as short
Kraken Futures PF_SKHYUSD	+0.0171%	1h	184.65	−0.007%	$48K	$20K	20x	as long as short
Phoenix SKHY	+0.0215%	1h	185.14	+0.261%	$207K	$123K	10x	as long as short
Deribit SKHY_USDC-PERPETUAL	+0.0238%	1h	184.65	−0.004%	$47K	$353K	10x	as long as short