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: Binance against SunX−0.064%46s7-day average −0.154% · you buy dearer than you sell

Net, funding: paid 7d − costs−$133as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$1311.314% of the position

Long on SunX Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.020%−$2 on $10k

Price spread, last 4 days (all we have)−0.046%−$5 · spread now −0.064%, 7d avg −0.154%

Together, before fees−0.066%−$7 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: Binance is 0.090% dearer against SunX than usual: you sell high and buy low, +$9 on $10k if it goes back to its 7-day average of −0.154%. The two prices were read 46 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX SKHY-USDT	190.99	0	get 0.0000% / 8h	3h 42m	$699	$6.2M	10x
Short	Binance SKHYUSDT	190.87	0	get 0.0000% / 8h	3h 42m	$200.6M	$402.7M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against SunX. 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 SunXbpFee BinancebpOrdersPrice spread, now −0.064%Rate

Funding earned: $0
Price spread: −0.064% → −0.154%: $9.02
Slippage, 4 orders: −$113.41
Fee SunX: 4 bp × 2 orders: −$8
Fee Binance: 5 bp × 2 orders: −$10
Net: −$122.39
Costs to cover: 1.314%
Break-even: never at this rate

Slippage from SunX: live order book, 6 min ago; Binance: live order book, 16 min ago.

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 SunX live order book, 6 min ago	29.31 bp	47.8 bp −$48	doesn't fit	doesn't fit	doesn't fit
Sell Binance live order book, 16 min ago	0.26 bp	5.3 bp −$5	6.5 bp −$65	22.4 bp −$2,236	100.7 bp −$50.4K

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	−0.0765%	4h	190.76	−0.120%	$575K	$291K	10x	as long as short
Coinbase International SKHY-PERP-INTX	−0.0104%	1h	192.84	+0.969%	$45K	$861K	10x	as long as short
Aster SKHYUSDT	0.0000%	8h	190.87	−0.063%	$248K	$892K	50x	as long as short
Extended SKHY-USD	0.0000%	1h	190.76	−0.121%	$56K	$7K	10x	as long as short
Binance SKHYUSDTshort	0.0000%	8h	190.87	−0.064%	$200.6M	$402.7M	50x
Bybit SKHYUSDT	0.0000%	8h	190.87	−0.063%	$15.5M	$28.4M	100x	as long as short
OKX SKHY-USDT-SWAP	0.0000%	8h	190.88	−0.058%	$45.6M	$73.1M	50x	as long as short
Gate SKHY_USDT	0.0000%	8h	190.82	−0.089%	$25.6M	$19.4M	75x	as long as short
Bitget SKHYUSDT	0.0000%	8h	190.93	−0.031%	$24.5M	$28.2M	20x	as long as short
Variational Omni SKHY	0.0000%	8h	190.79	−0.104%	$1.6M	$1.1M	—	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT SKHY_USDT_Perp	0.0000%	8h	190.68	−0.163%	$22K	$211K	10x	as long as short
SunX SKHY-USDTlong	0.0000%	8h	190.99	long leg	$699	$6.2M	10x
HTX SKHY-USDT	0.0000%	8h	190.66	−0.173%	$159K	$369K	50x	as long as short
Phemex SKHYUSDT	0.0000%	8h	191.03	+0.021%	$1.5M	$1.1M	10x	as long as short
tradeXYZ xyz:SKHY	+0.0005%	1h	190.82	−0.089%	$159.5M	$69.1M	10x	as long as short
QFEX SKHY-USD	+0.0011%	1h	190.79	−0.105%	$1.2M	$4.0M	10x	as long as short
Deribit SKHY_USDC-PERPETUAL	+0.0012%	1h	190.72	−0.141%	$48K	$325K	10x	as long as short
Lighter SKHY	+0.0032%	1h	190.71	−0.147%	$1.0M	$691K	10x	as long as short
Lighter RH SKHY	+0.0032%	1h	190.75	−0.126%	$1.1M	$1.4M	10x	as long as short
Arcus SKHY-USD	+0.0040%	1h	190.67	−0.168%	$59K	$164K	10x	as long as short
Vest SKHY-USD-PERP	+0.0046%	1h	190.80	−0.099%	—	$12K	10x	as long as short
Popdex SKHYUSDT	+0.0048%	1h	190.88	−0.058%	$201K	$257K	20x	as long as short
Polymarket Perps SKHY-USD	+0.0050%	1h	190.79	−0.105%	$182K	$460K	10x	as long as short
SoDEX SKHY-USD	+0.0050%	1h	190.59	−0.209%	$42K	$13K	10x	as long as short
Ondo Perps SKHY-USD.P	+0.0050%	1h	190.48	−0.267%	$576K	$2.6M	10x	as long as short
KuCoin SKHYUSDTM	+0.0100%	8h	190.74	−0.131%	$1.1M	$321K	20x	as long as short
Orderly PERP_SKHY_USDC_mythos	+0.0100%	8h	190.73	−0.136%	$2K	$4K	10x	as long as short
Nado SKHY-PERP	+0.0106%	1h	190.85	−0.074%	$34K	$28K	10x	as long as short
BloFin SKHY-USDT	+0.0120%	8h	190.73	−0.136%	$2.2M	$436K	50x	as long as short
Phoenix SKHY	+0.0375%	1h	190.77	−0.115%	$214K	$124K	10x	as long as short
Kraken Futures PF_SKHYUSD	+0.0687%	1h	190.80	−0.098%	$48K	$19K	20x	as long as short