Funding arb · Price arb /

SKHY

RWAall SKHY markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC−0.0196%/8h= −21.5% APRpaid last 24h −0.031%

Price spread now: Coinbase International against Orderly+0.027%7-day average — · you sell dearer than you buy

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

Long on Orderly Short on Coinbase International

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

The price spread pays, funding is against you. Coinbase International is 0.027% dearer against Orderly than usual: you sell high and buy low (spread +0.027% now, against zero (this spread has no 7-day history yet)): +$3 on $10k if it goes back. Holding the pair costs −$6 a day in funding at the current rate, which eats that in about 11 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Orderly PERP_SKHY_USDC_mythos	187.60	0.0100	pay 0.0100% / 8h	4h 55m	$2K	$4K	10x
Short	Coinbase International SKHY-PERP-INTX	187.65	−0.0096	pay 0.0012% / 1h	55m 32s	$110K	$739K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against Orderly. 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 OrderlybpFee Coinbase InternationalbpOrdersPrice spread, now +0.027%Rate

Funding earned: −$41.16
Price spread: +0.027% → 0.000%: $2.67
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$54.49
Costs to cover: 0.160%
Break-even: never at this rate

Slippage unknown: Orderly: no order-book sample; Coinbase International: live order book, 51 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 Orderly no order-book sample	—	—	—	—	—
Sell Coinbase International live order book, 51 min ago	10.65 bp	15.7 bp −$16	24.9 bp −$249	doesn't fit	doesn't fit

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 exchanges

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
Kraken Futures PF_SKHYUSD	−0.2058%	1h	187.58	−0.009%	$51K	$36K	20x	as long as short
edgeX SKHYUSDC	−0.0796%	4h	187.69	+0.050%	$566K	$285K	10x	as long as short
Deribit SKHY_USDC-PERPETUAL	−0.0389%	1h	187.56	−0.021%	$52K	$496K	10x	as long as short
Bitget SKHYUSDT	−0.0276%	8h	187.74	+0.075%	$26.1M	$36.5M	20x	as long as short
KuCoin SKHYUSDTM	−0.0204%	8h	187.68	+0.043%	$1.1M	$516K	20x	as long as short
Nado SKHY-PERP	−0.0168%	1h	187.74	+0.072%	$32K	$28K	10x	as long as short
Coinbase International SKHY-PERP-INTXshort	−0.0096%	1h	187.65	+0.027%	$110K	$739K	10x
tradeXYZ xyz:SKHY	−0.0087%	1h	187.65	+0.027%	$158.4M	$77.6M	10x	as long as short
Lighter SKHY	−0.0048%	1h	187.62	+0.011%	$981K	$1.4M	10x	as long as short
Binance SKHYUSDT	−0.0017%	8h	187.69	+0.050%	$197.6M	$471.8M	50x	as long as short

Show all 31 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended SKHY-USD	−0.0016%	1h	187.61	+0.007%	$55K	$7K	10x	as long as short
QFEX SKHY-USD	−0.0013%	1h	187.62	+0.011%	$1.2M	$4.2M	10x	as long as short
Aster SKHYUSDT	0.0000%	8h	187.61	+0.005%	$260K	$916K	50x	as long as short
Bybit SKHYUSDT	0.0000%	8h	187.68	+0.043%	$16.4M	$33.9M	100x	as long as short
OKX SKHY-USDT-SWAP	0.0000%	8h	187.70	+0.053%	$44.5M	$85.6M	50x	as long as short
Gate SKHY_USDT	0.0000%	8h	187.63	+0.016%	$25.3M	$21.3M	75x	as long as short
Variational Omni SKHY	0.0000%	8h	187.58	−0.013%	$1.5M	$951K	—	as long as short
GRVT SKHY_USDT_Perp	0.0000%	8h	187.76	+0.085%	$22K	$255K	10x	as long as short
SunX SKHY-USDT	0.0000%	8h	187.90	+0.160%	$688	$5.4M	10x	as long as short
HTX SKHY-USDT	0.0000%	8h	187.58	−0.011%	$154K	$383K	50x	as long as short
Phemex SKHYUSDT	0.0000%	8h	187.64	+0.021%	$1.5M	$1.1M	10x	as long as short
Ondo Perps SKHY-USD.P	+0.0005%	1h	187.50	−0.053%	$523K	$2.5M	10x	as long as short
Polymarket Perps SKHY-USD	+0.0013%	1h	187.56	−0.021%	$182K	$342K	10x	as long as short
Lighter RH SKHY	+0.0032%	1h	187.56	−0.021%	$1.1M	$1.5M	10x	as long as short
Arcus SKHY-USD	+0.0040%	1h	187.65	+0.027%	$60K	$131K	10x	as long as short
Vest SKHY-USD-PERP	+0.0046%	1h	187.70	+0.053%	—	$40K	10x	as long as short
Popdex SKHYUSDT	+0.0048%	1h	187.69	+0.048%	$200K	$310K	20x	as long as short
SoDEX SKHY-USD	+0.0050%	1h	187.64	+0.021%	$41K	$12K	10x	as long as short
Orderly PERP_SKHY_USDC_mythoslong	+0.0100%	8h	187.60	long leg	$2K	$4K	10x
BloFin SKHY-USDT	+0.0110%	8h	187.74	+0.075%	$2.2M	$490K	50x	as long as short
Phoenix SKHY	+0.0255%	1h	188.00	+0.213%	$211K	$123K	10x	as long as short