Funding arb · Price arb /

SKHY

RWAall SKHY markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0266%/8h= −29.1% APRpaid last 24h +0.166%

Price spread now: Kraken Futures against SunX+0.053%7-day average — · you sell dearer than you buy

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

Long on SunX Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days+0.723%+$72 on $10k

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

The price spread pays, funding is against you. Kraken Futures is 0.053% dearer against SunX than usual: you sell high and buy low (spread +0.053% now, against zero (this spread has no 7-day history yet)): +$5 on $10k if it goes back. Holding the pair costs −$8 a day in funding at the current rate, which eats that in about 16 hours. Mind the row above: over the last 7 days funding on this pair paid +0.723%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX SKHY-USDT	186.45	0	get 0.0000% / 8h	4m 15s	$682	$6.0M	10x
Short	Kraken Futures PF_SKHYUSD	186.55	−0.0266	pay 0.0033% / 1h	4m 15s	$48K	$21K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures 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 Kraken FuturesbpOrdersPrice spread, now +0.053%Rate

Funding earned: −$55.85
Price spread: +0.053% → 0.000%: $5.3
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$68.55
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: SunX: live order book, 5 min ago; Kraken Futures: 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 SunX live order book, 5 min ago	29.49 bp	47.9 bp −$48	doesn't fit	doesn't fit	doesn't fit
Sell Kraken Futures no order-book sample	—	—	—	—	—

Kraken Futures: 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	−0.1247%	8h	186.38	−0.038%	$25.5M	$33.5M	20x	as long as short
edgeX SKHYUSDC	−0.0562%	4h	186.21	−0.129%	$561K	$290K	10x	as long as short
Kraken Futures PF_SKHYUSDshort	−0.0266%	1h	186.55	+0.053%	$48K	$21K	20x
Deribit SKHY_USDC-PERPETUAL	−0.0179%	1h	186.21	−0.129%	$49K	$348K	10x	as long as short
tradeXYZ xyz:SKHY	−0.0125%	1h	186.20	−0.134%	$158.0M	$76.8M	10x	as long as short
Nado SKHY-PERP	−0.0114%	1h	186.27	−0.099%	$33K	$28K	10x	as long as short
Coinbase International SKHY-PERP-INTX	−0.0072%	1h	187.58	+0.606%	$68K	$788K	10x	as long as short
KuCoin SKHYUSDTM	−0.0063%	8h	186.15	−0.161%	$1.1M	$351K	20x	as long as short
QFEX SKHY-USD	−0.0061%	1h	186.19	−0.139%	$1.2M	$4.3M	10x	as long as short
Polymarket Perps SKHY-USD	−0.0037%	1h	186.11	−0.182%	$180K	$486K	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	186.30	−0.083%	$225K	$899K	50x	as long as short
Extended SKHY-USD	0.0000%	1h	186.12	−0.174%	$54K	$7K	10x	as long as short
Binance SKHYUSDT	0.0000%	8h	186.16	−0.156%	$199.7M	$453.3M	50x	as long as short
Bybit SKHYUSDT	0.0000%	8h	186.13	−0.172%	$16.0M	$30.5M	100x	as long as short
OKX SKHY-USDT-SWAP	0.0000%	8h	186.07	−0.204%	$44.4M	$80.1M	50x	as long as short
Gate SKHY_USDT	0.0000%	8h	186.16	−0.156%	$25.5M	$21.2M	75x	as long as short
Variational Omni SKHY	0.0000%	8h	186.18	−0.145%	$1.6M	$1.1M	—	as long as short
GRVT SKHY_USDT_Perp	0.0000%	8h	186.23	−0.120%	$22K	$239K	10x	as long as short
SunX SKHY-USDTlong	0.0000%	8h	186.45	long leg	$682	$6.0M	10x
HTX SKHY-USDT	0.0000%	8h	186.07	−0.204%	$154K	$363K	50x	as long as short
Phemex SKHYUSDT	0.0000%	8h	186.16	−0.156%	$1.5M	$1.1M	10x	as long as short
Popdex SKHYUSDT	+0.0008%	1h	186.18	−0.145%	$204K	$287K	20x	as long as short
Lighter SKHY	+0.0016%	1h	186.20	−0.134%	$973K	$1.2M	10x	as long as short
Lighter RH SKHY	+0.0032%	1h	186.17	−0.150%	$1.1M	$1.5M	10x	as long as short
Arcus SKHY-USD	+0.0040%	1h	186.16	−0.156%	$60K	$171K	10x	as long as short
Vest SKHY-USD-PERP	+0.0046%	1h	186.19	−0.139%	—	$32K	10x	as long as short
SoDEX SKHY-USD	+0.0050%	1h	186.17	−0.150%	$41K	$12K	10x	as long as short
Ondo Perps SKHY-USD.P	+0.0050%	1h	186.21	−0.129%	$520K	$2.6M	10x	as long as short
Orderly PERP_SKHY_USDC_mythos	+0.0100%	8h	186.21	−0.129%	$2K	$4K	10x	as long as short
BloFin SKHY-USDT	+0.0120%	8h	186.19	−0.139%	$2.2M	$426K	50x	as long as short
Phoenix SKHY	+0.0129%	1h	186.40	−0.027%	$209K	$123K	10x	as long as short