Funding arb · Price arb /

SKHY

RWAall SKHY markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0014%/8h= +1.6% APRpaid last 24h −0.025%

Price spread now: Nado against SunX−0.180%7-day average — · you buy dearer than you sell

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

Long on SunX Short on Nado

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

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

Together, before fees—+ Points / potential airdropNado: Active · farm boardneeds both histories

Funding pays, the price is against you. Nado is 0.180% cheaper against SunX than usual: you would sell low and buy high (spread −0.180% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$18 on $10k: about 42 days of funding at the current rate ($0 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX SKHY-USDT	189.28	0	get 0.0000% / 8h	3h 05m	$693	$6.2M	10x
Short	Nado SKHY-PERP	188.94	0.0014	get 0.0002% / 1h	5m 38s	$33K	$28K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado 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 NadobpOrdersPrice spread, now −0.180%Rate

Funding earned: $3.01
Price spread: −0.180% → 0.000%: −$18.01
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee Nado: 3.5 bp × 2 orders: −$7
Net: −$30
Costs to cover: 0.150%
Break-even: 76.7 days

Slippage unknown: SunX: live order book, 3 min ago; Nado: 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, 3 min ago	29.37 bp	47.8 bp −$48	doesn't fit	doesn't fit	doesn't fit
Sell Nado no order-book sample	—	—	—	—	—

Nado: 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	−0.0318%	8h	188.92	−0.190%	$24.3M	$29.4M	20x	as long as short
Coinbase International SKHY-PERP-INTX	−0.0104%	1h	189.86	+0.306%	$36K	$876K	10x	as long as short
edgeX SKHYUSDC	−0.0055%	4h	188.56	−0.380%	$568K	$290K	10x	as long as short
tradeXYZ xyz:SKHY	−0.0017%	1h	188.83	−0.238%	$158.4M	$70.0M	10x	as long as short
Aster SKHYUSDT	0.0000%	8h	188.91	−0.194%	$244K	$895K	50x	as long as short
Extended SKHY-USD	0.0000%	1h	188.70	−0.308%	$55K	$7K	10x	as long as short
Binance SKHYUSDT	0.0000%	8h	188.80	−0.254%	$199.2M	$412.3M	50x	as long as short
Bybit SKHYUSDT	0.0000%	8h	188.84	−0.232%	$15.4M	$29.1M	100x	as long as short
OKX SKHY-USDT-SWAP	0.0000%	8h	188.69	−0.312%	$44.7M	$73.6M	50x	as long as short
Gate SKHY_USDT	0.0000%	8h	188.72	−0.296%	$25.2M	$19.9M	75x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni SKHY	0.0000%	8h	188.92	−0.189%	$1.6M	$1.1M	—	as long as short
GRVT SKHY_USDT_Perp	0.0000%	8h	188.60	−0.359%	$22K	$216K	10x	as long as short
SunX SKHY-USDTlong	0.0000%	8h	189.28	long leg	$693	$6.2M	10x
Deribit SKHY_USDC-PERPETUAL	0.0000%	1h	189.00	−0.148%	$48K	$330K	10x	as long as short
HTX SKHY-USDT	0.0000%	8h	188.92	−0.190%	$157K	$370K	50x	as long as short
Phemex SKHYUSDT	0.0000%	8h	189.05	−0.122%	$1.5M	$1.1M	10x	as long as short
Lighter SKHY	+0.0008%	1h	188.75	−0.280%	$995K	$747K	10x	as long as short
QFEX SKHY-USD	+0.0011%	1h	188.80	−0.254%	$1.2M	$4.1M	10x	as long as short
Nado SKHY-PERPshort	+0.0014%	1h	188.94	−0.180%	$33K	$28K	10x
Lighter RH SKHY	+0.0032%	1h	188.77	−0.269%	$1.0M	$1.5M	10x	as long as short
Arcus SKHY-USD	+0.0040%	1h	188.80	−0.254%	$58K	$164K	10x	as long as short
Vest SKHY-USD-PERP	+0.0046%	1h	188.95	−0.174%	—	$12K	10x	as long as short
Popdex SKHYUSDT	+0.0048%	1h	188.99	−0.153%	$199K	$258K	20x	as long as short
Polymarket Perps SKHY-USD	+0.0050%	1h	188.90	−0.201%	$182K	$472K	10x	as long as short
SoDEX SKHY-USD	+0.0050%	1h	188.90	−0.201%	$42K	$13K	10x	as long as short
Ondo Perps SKHY-USD.P	+0.0050%	1h	188.78	−0.264%	$526K	$2.6M	10x	as long as short
KuCoin SKHYUSDTM	+0.0100%	8h	188.89	−0.206%	$1.1M	$312K	20x	as long as short
Orderly PERP_SKHY_USDC_mythos	+0.0100%	8h	189.04	−0.127%	$2K	$4K	10x	as long as short
BloFin SKHY-USDT	+0.0120%	8h	188.86	−0.222%	$2.2M	$437K	50x	as long as short
Phoenix SKHY	+0.0375%	1h	188.76	−0.275%	$211K	$124K	10x	as long as short
Kraken Futures PF_SKHYUSD	+0.0693%	1h	189.02	−0.138%	$48K	$19K	20x	as long as short