Funding arb · Price arb /

SKHY

RWAall SKHY markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0105%/8h= −11.5% APRpaid last 24h +0.025%

Price spread now: Variational Omni against Nado+0.083%7-day average — · you sell dearer than you buy

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

Long on Nado Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 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 · Variational Omni: Active · farm boardneeds both histories

The price spread pays, funding is against you. Variational Omni is 0.083% dearer against Nado than usual: you sell high and buy low (spread +0.083% now, against zero (this spread has no 7-day history yet)): +$8 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 2.6 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Nado SKHY-PERP	190.63	0.0105	pay 0.0013% / 1h	41m 12s	$34K	$28K	10x
Short	Variational Omni SKHY	190.79	0	get 0.0000% / 8h	3h 41m	$1.6M	$1.1M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni 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 Variational OmnibpOrdersPrice spread, now +0.083%Rate

Funding earned: −$22.13
Price spread: +0.083% → 0.000%: $8.25
Slippage, 4 orders: no order book: not counted
Fee Nado: 3.5 bp × 2 orders: −$7
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$20.88
Costs to cover: 0.070%
Break-even: from the start

Slippage unknown: Nado: no order-book sample; Variational Omni: RFQ quote, 3 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 Variational Omni RFQ quote, 3 min ago	2.23 bp	doesn't fit	3.5 bp −$35	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
edgeX SKHYUSDC	−0.0981%	4h	190.66	+0.015%	$575K	$290K	10x	as long as short
Coinbase International SKHY-PERP-INTX	−0.0104%	1h	192.84	+1.157%	$45K	$861K	10x	as long as short
Aster SKHYUSDT	0.0000%	8h	190.48	−0.080%	$247K	$892K	50x	as long as short
Extended SKHY-USD	0.0000%	1h	190.33	−0.161%	$56K	$7K	10x	as long as short
Binance SKHYUSDT	0.0000%	8h	190.34	−0.154%	$200.0M	$403.1M	50x	as long as short
Bybit SKHYUSDT	0.0000%	8h	190.36	−0.144%	$15.4M	$28.5M	100x	as long as short
OKX SKHY-USDT-SWAP	0.0000%	8h	190.30	−0.175%	$45.5M	$72.9M	50x	as long as short
Gate SKHY_USDT	0.0000%	8h	190.46	−0.091%	$25.6M	$19.4M	75x	as long as short
Bitget SKHYUSDT	0.0000%	8h	190.71	+0.040%	$24.5M	$28.3M	20x	as long as short
Variational Omni SKHYshort	0.0000%	8h	190.79	+0.083%	$1.6M	$1.1M	—

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT SKHY_USDT_Perp	0.0000%	8h	190.68	+0.023%	$22K	$211K	10x	as long as short
SunX SKHY-USDT	0.0000%	8h	190.67	+0.019%	$698	$6.2M	10x	as long as short
Deribit SKHY_USDC-PERPETUAL	0.0000%	1h	190.39	−0.128%	$48K	$326K	10x	as long as short
HTX SKHY-USDT	0.0000%	8h	190.45	−0.097%	$159K	$369K	50x	as long as short
Phemex SKHYUSDT	0.0000%	8h	190.61	−0.013%	$1.5M	$1.1M	10x	as long as short
tradeXYZ xyz:SKHY	+0.0004%	1h	190.41	−0.118%	$159.2M	$69.1M	10x	as long as short
QFEX SKHY-USD	+0.0011%	1h	190.42	−0.112%	$1.2M	$4.0M	10x	as long as short
Lighter SKHY	+0.0032%	1h	190.25	−0.202%	$1.0M	$691K	10x	as long as short
Lighter RH SKHY	+0.0032%	1h	190.26	−0.196%	$1.1M	$1.4M	10x	as long as short
Arcus SKHY-USD	+0.0040%	1h	190.67	+0.019%	$59K	$164K	10x	as long as short
Vest SKHY-USD-PERP	+0.0046%	1h	190.51	−0.065%	—	$12K	10x	as long as short
Popdex SKHYUSDT	+0.0048%	1h	190.52	−0.060%	$200K	$257K	20x	as long as short
Polymarket Perps SKHY-USD	+0.0050%	1h	190.38	−0.133%	$182K	$460K	10x	as long as short
SoDEX SKHY-USD	+0.0050%	1h	190.36	−0.144%	$42K	$13K	10x	as long as short
Ondo Perps SKHY-USD.P	+0.0050%	1h	190.51	−0.065%	$563K	$2.6M	10x	as long as short
KuCoin SKHYUSDTM	+0.0100%	8h	190.51	−0.065%	$1.1M	$321K	20x	as long as short
Orderly PERP_SKHY_USDC_mythos	+0.0100%	8h	190.41	−0.118%	$2K	$4K	10x	as long as short
Nado SKHY-PERPlong	+0.0105%	1h	190.63	long leg	$34K	$28K	10x
BloFin SKHY-USDT	+0.0120%	8h	190.36	−0.144%	$2.2M	$435K	50x	as long as short
Phoenix SKHY	+0.0375%	1h	190.77	+0.071%	$214K	$124K	10x	as long as short
Kraken Futures PF_SKHYUSD	+0.0688%	1h	190.50	−0.068%	$48K	$19K	20x	as long as short