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: Bybit against SunX−0.207%56s7-day average −0.137% · you buy dearer than you sell

Net, funding: paid 7d − costs−$204as 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−$2062.057% of the position

Long on SunX Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days+0.021%+$2 on $10k

Price spread, last 3 days (all we have)+0.063%+$6 · spread now −0.207%, 7d avg −0.137%

Together, before fees+0.084%+$8 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: Bybit is 0.069% cheaper against SunX than usual: you would sell low and buy high, −$7 on $10k if it goes back to its 7-day average of −0.137%. The two prices were read 56 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	193.61	0	get 0.0000% / 8h	7h 24m	$709	$6.8M	10x
Short	Bybit SKHYUSDT	193.21	0	get 0.0000% / 8h	7h 24m	$15.7M	$27.1M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now −0.207%Rate

Funding earned: $0
Price spread: −0.207% → −0.137%: −$6.94
Slippage, 4 orders: −$186.72
Fee SunX: 4 bp × 2 orders: −$8
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$212.65
Costs to cover: 2.057%
Break-even: never at this rate

Slippage from SunX: live order book, 5 min ago; Bybit: live order book, 4 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, 5 min ago	64.43 bp	82.5 bp −$82	doesn't fit	doesn't fit	doesn't fit
Sell Bybit live order book, 4 min ago	0.26 bp	7.4 bp −$7	15.9 bp −$159	90.5 bp −$9,045	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	−0.0214%	4h	193.23	−0.195%	$583K	$289K	10x	as long as short
Nado SKHY-PERP	−0.0002%	1h	193.15	−0.239%	$29K	$2K	10x	as long as short
Aster SKHYUSDT	0.0000%	8h	192.87	−0.382%	$248K	$921K	50x	as long as short
Extended SKHY-USD	0.0000%	1h	193.12	−0.255%	$56K	$6K	10x	as long as short
Binance SKHYUSDT	0.0000%	8h	193.17	−0.227%	$212.6M	$382.7M	50x	as long as short
Bybit SKHYUSDTshort	0.0000%	8h	193.21	−0.207%	$15.7M	$27.1M	100x
OKX SKHY-USDT-SWAP	0.0000%	8h	193.23	−0.196%	$46.9M	$67.7M	50x	as long as short
Gate SKHY_USDT	0.0000%	8h	193.13	−0.248%	$25.9M	$18.3M	75x	as long as short
Variational Omni SKHY	0.0000%	8h	193.27	−0.174%	$1.6M	$2.3M	—	as long as short
SunX SKHY-USDTlong	0.0000%	8h	193.61	long leg	$709	$6.8M	10x

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX SKHY-USDT	0.0000%	8h	193.28	−0.170%	$160K	$386K	50x	as long as short
Phemex SKHYUSDT	0.0000%	8h	193.23	−0.196%	$1.5M	$1.1M	10x	as long as short
QFEX SKHY-USD	+0.0005%	1h	193.09	−0.269%	$1.2M	$4.9M	10x	as long as short
Lighter SKHY	+0.0032%	1h	193.08	−0.274%	$1.0M	$667K	10x	as long as short
Lighter RH SKHY	+0.0032%	1h	193.06	−0.284%	$1.1M	$1.5M	10x	as long as short
Arcus SKHY-USD	+0.0040%	1h	193.11	−0.258%	$57K	$153K	10x	as long as short
Vest SKHY-USD-PERP	+0.0046%	1h	193.14	−0.243%	—	$12K	10x	as long as short
Popdex SKHYUSDT	+0.0048%	1h	193.16	−0.232%	$197K	$256K	20x	as long as short
Polymarket Perps SKHY-USD	+0.0050%	1h	193.08	−0.274%	$190K	$454K	10x	as long as short
Ondo Perps SKHY-USD.P	+0.0050%	1h	193.26	−0.181%	$555K	$1.7M	10x	as long as short
Deribit SKHY_USDC-PERPETUAL	+0.0060%	1h	193.31	−0.155%	$47K	$268K	10x	as long as short
tradeXYZ xyz:SKHY	+0.0069%	1h	193.12	−0.253%	$165.2M	$64.6M	10x	as long as short
Coinbase International SKHY-PERP-INTX	+0.0088%	1h	192.17	−0.744%	$117K	$803K	10x	as long as short
KuCoin SKHYUSDTM	+0.0100%	8h	193.00	−0.315%	$1.1M	$277K	20x	as long as short
Orderly PERP_SKHY_USDC_mythos	+0.0100%	8h	193.17	−0.227%	$2K	$4K	10x	as long as short
BloFin SKHY-USDT	+0.0120%	8h	193.29	−0.165%	$2.2M	$446K	50x	as long as short
SoDEX SKHY-USD	+0.0125%	1h	193.26	−0.181%	$43K	$13K	10x	as long as short
Bitget SKHYUSDT	+0.0201%	8h	193.10	−0.263%	$25.6M	$26.5M	20x	as long as short
Phoenix SKHY	+0.0335%	1h	192.76	−0.439%	$217K	$120K	10x	as long as short
GRVT SKHY_USDT_Perp	+0.0479%	8h	193.36	−0.131%	$23K	$195K	10x	as long as short
Kraken Futures PF_SKHYUSD	+0.0707%	1h	193.44	−0.087%	$51K	$22K	20x	as long as short