Funding arb · Price arb /

SKHY

RWAall SKHY markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0246%/8h= −26.9% APRpaid last 24h −0.053%

Price spread now: Nado against Orderly+0.033%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 Nado

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 · farm boardneeds both histories

The price spread pays, funding is against you. Nado is 0.033% dearer against Orderly than usual: you sell high and buy low (spread +0.033% now, against zero (this spread has no 7-day history yet)): +$3 on $10k if it goes back. Holding the pair costs −$7 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	187.64	0.0100	pay 0.0100% / 8h	2h 09m	$2K	$4K	10x
Short	Nado SKHY-PERP	187.70	−0.0146	pay 0.0018% / 1h	9m 45s	$33K	$28K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado 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 NadobpOrdersPrice spread, now +0.033%Rate

Funding earned: −$51.57
Price spread: +0.033% → 0.000%: $3.33
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee Nado: 3.5 bp × 2 orders: −$7
Net: −$61.24
Costs to cover: 0.130%
Break-even: never at this rate

Slippage unknown: Orderly: no order-book sample; Nado: 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 Orderly no order-book sample	—	—	—	—	—
Sell Nado no order-book sample	—	—	—	—	—

Orderly and 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	−0.1210%	8h	187.82	+0.096%	$25.1M	$31.3M	20x	as long as short
edgeX SKHYUSDC	−0.0332%	4h	187.06	−0.310%	$564K	$290K	10x	as long as short
Deribit SKHY_USDC-PERPETUAL	−0.0229%	1h	187.62	−0.011%	$48K	$336K	10x	as long as short
Nado SKHY-PERPshort	−0.0146%	1h	187.70	+0.033%	$33K	$28K	10x
tradeXYZ xyz:SKHY	−0.0117%	1h	187.80	+0.085%	$159.4M	$74.1M	10x	as long as short
Polymarket Perps SKHY-USD	−0.0093%	1h	187.55	−0.048%	$181K	$487K	10x	as long as short
Coinbase International SKHY-PERP-INTX	−0.0024%	1h	187.32	−0.171%	$61K	$897K	10x	as long as short
QFEX SKHY-USD	−0.0014%	1h	187.56	−0.043%	$1.2M	$4.1M	10x	as long as short
Ondo Perps SKHY-USD.P	−0.0010%	1h	187.65	+0.005%	$516K	$2.6M	10x	as long as short
Lighter SKHY	−0.0008%	1h	187.77	+0.069%	$930K	$1.1M	10x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster SKHYUSDT	0.0000%	8h	187.88	+0.129%	$229K	$916K	50x	as long as short
Extended SKHY-USD	0.0000%	1h	187.73	+0.047%	$55K	$7K	10x	as long as short
Binance SKHYUSDT	0.0000%	8h	187.83	+0.101%	$201.5M	$433.7M	50x	as long as short
Bybit SKHYUSDT	0.0000%	8h	187.89	+0.133%	$15.9M	$30.2M	100x	as long as short
OKX SKHY-USDT-SWAP	0.0000%	8h	187.87	+0.123%	$44.7M	$77.4M	50x	as long as short
Gate SKHY_USDT	0.0000%	8h	187.83	+0.101%	$25.3M	$20.8M	75x	as long as short
Variational Omni SKHY	0.0000%	8h	187.51	−0.068%	$1.6M	$1.0M	—	as long as short
GRVT SKHY_USDT_Perp	0.0000%	8h	186.93	−0.378%	$22K	$223K	10x	as long as short
SunX SKHY-USDT	0.0000%	8h	187.85	+0.112%	$688	$6.2M	10x	as long as short
HTX SKHY-USDT	0.0000%	8h	187.50	−0.075%	$155K	$371K	50x	as long as short
Phemex SKHYUSDT	0.0000%	8h	187.66	+0.011%	$1.5M	$1.1M	10x	as long as short
Lighter RH SKHY	+0.0032%	1h	187.78	+0.075%	$1.1M	$1.6M	10x	as long as short
Popdex SKHYUSDT	+0.0032%	1h	187.62	−0.011%	$196K	$273K	20x	as long as short
Arcus SKHY-USD	+0.0040%	1h	187.27	−0.197%	$58K	$164K	10x	as long as short
Vest SKHY-USD-PERP	+0.0046%	1h	187.66	+0.011%	—	$12K	10x	as long as short
SoDEX SKHY-USD	+0.0050%	1h	187.52	−0.064%	$41K	$13K	10x	as long as short
KuCoin SKHYUSDTM	+0.0100%	8h	187.81	+0.091%	$1.1M	$322K	20x	as long as short
Orderly PERP_SKHY_USDC_mythoslong	+0.0100%	8h	187.64	long leg	$2K	$4K	10x
BloFin SKHY-USDT	+0.0120%	8h	187.63	−0.005%	$2.1M	$416K	50x	as long as short
Phoenix SKHY	+0.0254%	1h	187.27	−0.197%	$210K	$124K	10x	as long as short
Kraken Futures PF_SKHYUSD	+0.0261%	1h	187.68	+0.022%	$47K	$19K	20x	as long as short