Funding arb · Price arb /

SKHY

RWAall SKHY markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0050%/8h= −5.5% APRpaid last 24h −0.014%

Price spread now: Binance against Ondo Perps−0.018%7-day average +0.038% · you buy dearer than you sell

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

Long on Ondo Perps Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.103%−$10 on $10k

Price spread, last 2 days (all we have)+0.001%$0 · spread now −0.018%, 7d avg +0.038%

Together, before fees−0.102%+ Points / potential airdropOndo Perps: Active · farm board−$10 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Binance is 0.056% cheaper against Ondo Perps than usual: you would sell low and buy high (−$6 if the spread goes back to its 7-day average of +0.038%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Ondo Perps SKHY-USD.P	193.25	0.0050	pay 0.0006% / 1h	46m 07s	$611K	$1.6M	10x
Short	Binance SKHYUSDT	193.21	0	get 0.0000% / 8h	7h 46m	$213.7M	$384.7M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Ondo Perps. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 Ondo PerpsbpFee BinancebpOrdersPrice spread, now −0.018%Rate

Funding earned: −$10.58
Price spread: −0.018% → +0.038%: −$5.64
Slippage, 4 orders: no order book: not counted
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Fee Binance: 5 bp × 2 orders: −$10
Net: −$31.23
Costs to cover: 0.150%
Break-even: never at this rate

Slippage unknown: Ondo Perps: no order-book sample; Binance: live order book, 13 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 Ondo Perps no order-book sample	—	—	—	—	—
Sell Binance live order book, 13 min ago	0.26 bp	5.3 bp −$5	7.3 bp −$73	26.3 bp −$2,627	98.0 bp −$49.0K

Ondo Perps: 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	−0.0833%	4h	192.72	−0.273%	$581K	$290K	10x	as long as short
Nado SKHY-PERP	−0.0065%	1h	193.14	−0.057%	$29K	$2K	10x	as long as short
Aster SKHYUSDT	0.0000%	8h	192.86	−0.200%	$256K	$921K	50x	as long as short
Extended SKHY-USD	0.0000%	1h	193.18	−0.036%	$56K	$6K	10x	as long as short
Binance SKHYUSDTshort	0.0000%	8h	193.21	−0.018%	$213.7M	$384.7M	50x
Bybit SKHYUSDT	0.0000%	8h	193.26	+0.005%	$15.9M	$27.4M	100x	as long as short
OKX SKHY-USDT-SWAP	0.0000%	8h	193.28	+0.016%	$47.3M	$66.5M	50x	as long as short
Gate SKHY_USDT	0.0000%	8h	193.13	−0.062%	$26.4M	$17.5M	75x	as long as short
Bitget SKHYUSDT	0.0000%	8h	193.25	0.000%	$25.8M	$26.6M	20x	as long as short
Variational Omni SKHY	0.0000%	8h	193.22	−0.018%	$1.6M	$2.3M	—	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	193.46	+0.109%	$708	$7.0M	10x	as long as short
HTX SKHY-USDT	0.0000%	8h	193.12	−0.067%	$160K	$396K	50x	as long as short
Phemex SKHYUSDT	0.0000%	8h	192.97	−0.145%	$1.5M	$1.1M	10x	as long as short
QFEX SKHY-USD	+0.0005%	1h	193.18	−0.036%	$1.2M	$5.3M	10x	as long as short
Lighter SKHY	+0.0032%	1h	193.06	−0.098%	$1.0M	$620K	10x	as long as short
Lighter RH SKHY	+0.0032%	1h	193.01	−0.124%	$1.1M	$1.5M	10x	as long as short
Arcus SKHY-USD	+0.0040%	1h	192.99	−0.135%	$57K	$155K	10x	as long as short
KuCoin SKHYUSDTM	+0.0045%	8h	193.03	−0.114%	$1.1M	$276K	20x	as long as short
Vest SKHY-USD-PERP	+0.0046%	1h	193.21	−0.021%	—	$13K	10x	as long as short
Popdex SKHYUSDT	+0.0048%	1h	193.24	−0.005%	$197K	$256K	20x	as long as short
Ondo Perps SKHY-USD.Plong	+0.0050%	1h	193.25	long leg	$611K	$1.6M	10x
Coinbase International SKHY-PERP-INTX	+0.0088%	1h	190.51	−1.418%	$171K	$682K	10x	as long as short
Orderly PERP_SKHY_USDC_mythos	+0.0100%	8h	193.19	−0.031%	$2K	$4K	10x	as long as short
BloFin SKHY-USDT	+0.0120%	8h	193.42	+0.088%	$2.3M	$429K	50x	as long as short
Deribit SKHY_USDC-PERPETUAL	+0.0268%	1h	193.26	+0.005%	$46K	$259K	10x	as long as short
GRVT SKHY_USDT_Perp	+0.0282%	8h	192.80	−0.234%	$23K	$202K	10x	as long as short
Phoenix SKHY	+0.0335%	1h	192.35	−0.466%	$217K	$120K	10x	as long as short
Polymarket Perps SKHY-USD	+0.0396%	1h	193.15	−0.052%	$200K	$416K	10x	as long as short
tradeXYZ xyz:SKHY	+0.0500%	1h	193.09	−0.083%	$166.9M	$65.2M	10x	as long as short
Kraken Futures PF_SKHYUSD	+0.0708%	1h	193.25	+0.002%	$51K	$25K	20x	as long as short
SoDEX SKHY-USD	+0.1184%	1h	193.14	−0.057%	$43K	$13K	10x	as long as short