Funding arb · Price arb /

SKHY

RWAall SKHY markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0210%/8h= +23.0% APRpaid last 24h −0.004%

Price spread now: Binance against tradeXYZ+0.011%7-day average +0.045% · you sell dearer than you buy

Net, funding: paid 7d − costs−$30as in the Funding arb table

Net, price: spread back to 7d avg − costs−$35as in the Price arb table

costs, in and out, $10k−$320.319% of the position

Long on tradeXYZ Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days+0.019%+$2 on $10k

Price spread, last 7 days+0.035%+$3 · spread now +0.011%, 7d avg +0.045%

Together, before fees+0.053%+ Points / potential airdroptradeXYZ: Active · farm board+$5 on $10k · with fees, hour by hour

Funding pays, the price is against you. Binance is 0.035% cheaper against tradeXYZ than usual: you would sell low and buy high (spread +0.011% now, against its 7-day average of +0.045%). If the spread goes back, that is −$3 on $10k: about 13 hours of funding at the current rate (+$6 a day). At the pace of the last 7 days (+0.019% in total) that is about 13 days.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.019% in total (about 1.0% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	tradeXYZ xyz:SKHY	186.48	−0.0210	get 0.0026% / 1h	30m 37s	$158.4M	$76.9M	10x
Short	Binance SKHYUSDT	186.50	0	get 0.0000% / 8h	30m 37s	$200.5M	$450.7M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against tradeXYZ. 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 tradeXYZbpFee BinancebpOrdersPrice spread, now +0.011%Rate

Funding earned: $44.14
Price spread: +0.011% → +0.045%: −$3.46
Slippage, 4 orders: −$3.86
Fee tradeXYZ: 9 bp × 2 orders: −$18
Fee Binance: 5 bp × 2 orders: −$10
Net: $8.81
Costs to cover: 0.319%
Break-even: 5.6 days

Slippage from tradeXYZ: live order book, 9 min ago; Binance: live order book, 13 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 tradeXYZ live order book, 9 min ago	0.54 bp	10.1 bp −$10	10.9 bp −$109	doesn't fit	doesn't fit
Sell Binance live order book, 13 min ago	0.27 bp	5.9 bp −$6	8.5 bp −$85	29.3 bp −$2,933	113.7 bp −$56.8K

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	−0.1257%	8h	186.75	+0.145%	$25.4M	$33.1M	20x	as long as short
edgeX SKHYUSDC	−0.0943%	4h	186.65	+0.091%	$563K	$291K	10x	as long as short
Kraken Futures PF_SKHYUSD	−0.0266%	1h	186.64	+0.085%	$48K	$21K	20x	as long as short
tradeXYZ xyz:SKHYlong	−0.0210%	1h	186.48	long leg	$158.4M	$76.9M	10x
Nado SKHY-PERP	−0.0169%	1h	186.69	+0.112%	$33K	$28K	10x	as long as short
Polymarket Perps SKHY-USD	−0.0122%	1h	186.50	+0.011%	$180K	$487K	10x	as long as short
Popdex SKHYUSDT	−0.0120%	1h	186.49	+0.005%	$204K	$288K	20x	as long as short
Coinbase International SKHY-PERP-INTX	−0.0072%	1h	187.58	+0.590%	$68K	$905K	10x	as long as short
QFEX SKHY-USD	−0.0061%	1h	186.49	+0.005%	$1.2M	$4.3M	10x	as long as short
KuCoin SKHYUSDTM	−0.0038%	8h	186.57	+0.048%	$1.1M	$328K	20x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter SKHY	−0.0016%	1h	186.45	−0.016%	$974K	$1.2M	10x	as long as short
Aster SKHYUSDT	0.0000%	8h	186.61	+0.071%	$223K	$925K	50x	as long as short
Extended SKHY-USD	0.0000%	1h	186.46	−0.010%	$54K	$7K	10x	as long as short
Binance SKHYUSDTshort	0.0000%	8h	186.50	+0.011%	$200.5M	$450.7M	50x
Bybit SKHYUSDT	0.0000%	8h	186.53	+0.027%	$16.7M	$29.4M	100x	as long as short
OKX SKHY-USDT-SWAP	0.0000%	8h	186.51	+0.016%	$44.7M	$79.7M	50x	as long as short
Gate SKHY_USDT	0.0000%	8h	186.49	+0.005%	$25.5M	$21.0M	75x	as long as short
Variational Omni SKHY	0.0000%	8h	186.55	+0.038%	$1.6M	$1.0M	—	as long as short
GRVT SKHY_USDT_Perp	0.0000%	8h	186.63	+0.080%	$22K	$233K	10x	as long as short
SunX SKHY-USDT	0.0000%	8h	186.83	+0.188%	$684	$6.1M	10x	as long as short
Deribit SKHY_USDC-PERPETUAL	0.0000%	1h	186.61	+0.070%	$49K	$347K	10x	as long as short
HTX SKHY-USDT	0.0000%	8h	186.52	+0.021%	$155K	$363K	50x	as long as short
Phemex SKHYUSDT	0.0000%	8h	186.57	+0.048%	$1.5M	$1.1M	10x	as long as short
Ondo Perps SKHY-USD.P	+0.0026%	1h	186.60	+0.064%	$521K	$2.6M	10x	as long as short
Lighter RH SKHY	+0.0032%	1h	186.44	−0.021%	$1.1M	$1.5M	10x	as long as short
Arcus SKHY-USD	+0.0040%	1h	186.56	+0.043%	$60K	$171K	10x	as long as short
Vest SKHY-USD-PERP	+0.0046%	1h	186.59	+0.059%	—	$32K	10x	as long as short
SoDEX SKHY-USD	+0.0050%	1h	186.55	+0.038%	$41K	$12K	10x	as long as short
Orderly PERP_SKHY_USDC_mythos	+0.0100%	8h	186.58	+0.054%	$2K	$4K	10x	as long as short
BloFin SKHY-USDT	+0.0120%	8h	186.54	+0.032%	$2.2M	$426K	50x	as long as short
Phoenix SKHY	+0.0129%	1h	186.87	+0.209%	$209K	$123K	10x	as long as short