Funding arb · Price arb /

SKHY

RWAall SKHY markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0002%/8h= −0.2% APRpaid last 24h +0.003%

Price spread now: Variational Omni against QFEX+0.153%7-day average +0.036% · you sell dearer than you buy

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

Long on QFEX Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.030%+$3 on $10k

Price spread, last 7 days−0.163%−$16 · spread now +0.153%, 7d avg +0.036%

Together, before fees−0.133%+ Points / potential airdropVariational Omni: Active · farm board−$13 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 0.117% dearer against QFEX than usual: you sell high and buy low, +$12 on $10k if it goes back to its 7-day average of +0.036%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	QFEX SKHY-USD	192.64	0.0002	pay 0.0000% / 1h	36m 35s	$1.2M	$4.6M	10x
Short	Variational Omni SKHY	192.94	0	get 0.0000% / 8h	6h 36m	$1.6M	$2.2M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against QFEX. 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 QFEXbpFee Variational OmnibpOrdersPrice spread, now +0.153%Rate

Funding earned: −$0.32
Price spread: +0.153% → +0.036%: $11.74
Slippage, 4 orders: no order book: not counted
Fee QFEX: 5 bp × 2 orders: −$10
Fee Variational Omni: 0 bp × 2 orders: $0
Net: $1.42
Costs to cover: 0.100%
Break-even: from the start

Slippage unknown: QFEX: live order book, 7 min ago; 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 QFEX live order book, 7 min ago	1.56 bp	6.6 bp −$7	8.6 bp −$86	doesn't fit	doesn't fit
Sell Variational Omni RFQ quote, 3 min ago	2.23 bp	doesn't fit	5.9 bp −$59	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	−0.0874%	4h	192.69	+0.028%	$581K	$290K	10x	as long as short
Coinbase International SKHY-PERP-INTX	−0.0072%	1h	192.90	+0.135%	$45K	$874K	10x	as long as short
Aster SKHYUSDT	0.0000%	8h	192.66	+0.009%	$248K	$890K	50x	as long as short
Extended SKHY-USD	0.0000%	1h	192.61	−0.015%	$56K	$7K	10x	as long as short
Binance SKHYUSDT	0.0000%	8h	192.63	−0.005%	$210.0M	$385.5M	50x	as long as short
Bybit SKHYUSDT	0.0000%	8h	192.64	0.000%	$15.6M	$27.2M	100x	as long as short
OKX SKHY-USDT-SWAP	0.0000%	8h	192.68	+0.021%	$46.7M	$69.0M	50x	as long as short
Gate SKHY_USDT	0.0000%	8h	192.61	−0.016%	$25.8M	$18.8M	75x	as long as short
Variational Omni SKHYshort	0.0000%	8h	192.94	+0.153%	$1.6M	$2.2M	—
GRVT SKHY_USDT_Perp	0.0000%	8h	192.71	+0.038%	$22K	$192K	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	192.92	+0.145%	$706	$6.6M	10x	as long as short
Deribit SKHY_USDC-PERPETUAL	0.0000%	1h	192.60	−0.021%	$48K	$270K	10x	as long as short
HTX SKHY-USDT	0.0000%	8h	192.63	−0.005%	$160K	$376K	50x	as long as short
Phemex SKHYUSDT	0.0000%	8h	192.58	−0.031%	$1.5M	$1.1M	10x	as long as short
QFEX SKHY-USDlong	+0.0002%	1h	192.64	long leg	$1.2M	$4.6M	10x
Nado SKHY-PERP	+0.0026%	1h	192.72	+0.040%	$42K	$21K	10x	as long as short
Lighter SKHY	+0.0032%	1h	192.48	−0.083%	$1.0M	$683K	10x	as long as short
Lighter RH SKHY	+0.0032%	1h	192.51	−0.067%	$1.1M	$1.5M	10x	as long as short
Arcus SKHY-USD	+0.0040%	1h	192.72	+0.042%	$57K	$154K	10x	as long as short
Vest SKHY-USD-PERP	+0.0046%	1h	192.66	+0.010%	—	$12K	10x	as long as short
Popdex SKHYUSDT	+0.0048%	1h	192.76	+0.062%	$197K	$257K	20x	as long as short
tradeXYZ xyz:SKHY	+0.0050%	1h	192.56	−0.042%	$162.9M	$65.6M	10x	as long as short
Polymarket Perps SKHY-USD	+0.0050%	1h	192.55	−0.047%	$188K	$456K	10x	as long as short
SoDEX SKHY-USD	+0.0050%	1h	192.60	−0.021%	$43K	$13K	10x	as long as short
Ondo Perps SKHY-USD.P	+0.0050%	1h	192.62	−0.010%	$535K	$1.8M	10x	as long as short
KuCoin SKHYUSDTM	+0.0100%	8h	192.66	+0.010%	$1.1M	$280K	20x	as long as short
Orderly PERP_SKHY_USDC_mythos	+0.0100%	8h	192.68	+0.021%	$2K	$4K	10x	as long as short
BloFin SKHY-USDT	+0.0120%	8h	193.08	+0.228%	$2.3M	$445K	50x	as long as short
Phoenix SKHY	+0.0331%	1h	192.96	+0.166%	$216K	$123K	10x	as long as short
Bitget SKHYUSDT	+0.0344%	8h	192.68	+0.021%	$25.5M	$26.4M	20x	as long as short
Kraken Futures PF_SKHYUSD	+0.0707%	1h	192.68	+0.019%	$51K	$17K	20x	as long as short