Funding arb · Price arb /

SKHY

RWAall SKHY markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Variational Omni against Phemex+0.378%7-day average −0.007% · you sell dearer than you buy

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

Long on Phemex Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.025%+$3 on $10k

Price spread, last 4 days (all we have)−0.325%−$32 · spread now +0.378%, 7d avg −0.007%

Together, before fees−0.300%+ Points / potential airdropVariational Omni: Active · farm board−$30 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Variational Omni is 0.385% dearer against Phemex than usual: you sell high and buy low, +$39 on $10k if it goes back to its 7-day average of −0.007%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phemex SKHYUSDT	192.35	0	get 0.0000% / 8h	5h 46m	$1.5M	$1.1M	10x
Short	Variational Omni SKHY	193.08	0	get 0.0000% / 8h	5h 46m	$1.6M	$1.3M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against Phemex. 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 PhemexbpFee Variational OmnibpOrdersPrice spread, now +0.378%Rate

Funding earned: $0
Price spread: +0.378% → −0.007%: $38.5
Slippage, 4 orders: no order book: not counted
Fee Phemex: 6 bp × 2 orders: −$12
Fee Variational Omni: 0 bp × 2 orders: $0
Net: $26.5
Costs to cover: 0.120%
Break-even: from the start

Slippage unknown: Phemex: live order book, 1 min ago; Variational Omni: RFQ quote, 2 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 Phemex live order book, 1 min ago	2.60 bp	43.2 bp −$43	doesn't fit	doesn't fit	doesn't fit
Sell Variational Omni RFQ quote, 2 min ago	2.23 bp	doesn't fit	4.9 bp −$49	doesn't fit	doesn't fit

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	−0.0716%	4h	192.85	+0.259%	$581K	$291K	10x	as long as short
Coinbase International SKHY-PERP-INTX	−0.0032%	1h	192.90	+0.286%	$45K	$874K	10x	as long as short
Aster SKHYUSDT	0.0000%	8h	192.35	−0.001%	$247K	$890K	50x	as long as short
Extended SKHY-USD	0.0000%	1h	192.29	−0.029%	$56K	$7K	10x	as long as short
Binance SKHYUSDT	0.0000%	8h	192.30	−0.025%	$207.5M	$385.8M	50x	as long as short
Bybit SKHYUSDT	0.0000%	8h	192.33	−0.010%	$15.7M	$27.3M	100x	as long as short
OKX SKHY-USDT-SWAP	0.0000%	8h	192.27	−0.042%	$46.7M	$69.0M	50x	as long as short
Gate SKHY_USDT	0.0000%	8h	192.26	−0.047%	$25.8M	$18.9M	75x	as long as short
Variational Omni SKHYshort	0.0000%	8h	193.08	+0.378%	$1.6M	$1.3M	—
GRVT SKHY_USDT_Perp	0.0000%	8h	193.09	+0.385%	$22K	$193K	10x	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	192.64	+0.151%	$705	$6.4M	10x	as long as short
HTX SKHY-USDT	0.0000%	8h	192.34	−0.005%	$160K	$368K	50x	as long as short
Phemex SKHYUSDTlong	0.0000%	8h	192.35	long leg	$1.5M	$1.1M	10x
QFEX SKHY-USD	+0.0004%	1h	192.36	+0.005%	$1.2M	$4.3M	10x	as long as short
Deribit SKHY_USDC-PERPETUAL	+0.0010%	1h	192.38	+0.016%	$48K	$286K	10x	as long as short
Lighter SKHY	+0.0032%	1h	192.20	−0.078%	$1.0M	$687K	10x	as long as short
Lighter RH SKHY	+0.0032%	1h	192.23	−0.062%	$1.1M	$1.5M	10x	as long as short
Arcus SKHY-USD	+0.0040%	1h	192.76	+0.213%	$57K	$154K	10x	as long as short
Vest SKHY-USD-PERP	+0.0046%	1h	192.42	+0.036%	—	$11K	10x	as long as short
Popdex SKHYUSDT	+0.0048%	1h	192.41	+0.031%	$197K	$255K	20x	as long as short
tradeXYZ xyz:SKHY	+0.0050%	1h	192.26	−0.047%	$161.5M	$66.4M	10x	as long as short
Polymarket Perps SKHY-USD	+0.0050%	1h	192.33	−0.010%	$188K	$456K	10x	as long as short
SoDEX SKHY-USD	+0.0050%	1h	192.36	+0.005%	$43K	$13K	10x	as long as short
Ondo Perps SKHY-USD.P	+0.0050%	1h	192.47	+0.062%	$569K	$2.1M	10x	as long as short
KuCoin SKHYUSDTM	+0.0100%	8h	192.36	+0.005%	$1.1M	$290K	20x	as long as short
Orderly PERP_SKHY_USDC_mythos	+0.0100%	8h	192.36	+0.005%	$2K	$4K	10x	as long as short
BloFin SKHY-USDT	+0.0120%	8h	192.34	−0.005%	—	$444K	50x	as long as short
Nado SKHY-PERP	+0.0131%	1h	192.48	+0.069%	$38K	$26K	10x	as long as short
Bitget SKHYUSDT	+0.0209%	8h	192.46	+0.057%	$25.5M	$26.4M	20x	as long as short
Phoenix SKHY	+0.0332%	1h	192.94	+0.307%	$216K	$124K	10x	as long as short
Kraken Futures PF_SKHYUSD	+0.0547%	1h	192.45	+0.053%	$51K	$17K	20x	as long as short