Funding arb · Price arb /

SKHY

RWAall SKHY markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0211%/8h= +23.1% APRpaid last 24h −0.004%

Price spread now: Gate against tradeXYZ+0.005%7-day average +0.017% · you sell dearer than you buy

Net, funding: paid 7d − costs−$41as in the Funding arb table

Net, price: spread back to 7d avg − costs−$46as in the Price arb table

costs, in and out, $10k−$450.446% of the position

Long on tradeXYZ Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days+0.039%+$4 on $10k

Price spread, last 7 days+0.015%+$2 · spread now +0.005%, 7d avg +0.017%

Together, before fees+0.054%+ Points / potential airdroptradeXYZ: Active · farm board+$5 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.017%, so right now this pair is about funding alone: +$6 a day on $10k at the current rate.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.039% in total (about 2.0% 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	186.57	−0.0211	get 0.0026% / 1h	31m 24s	$158.5M	$76.9M	10x
Short	Gate SKHY_USDT	186.58	0	get 0.0000% / 8h	31m 24s	$25.5M	$21.0M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now +0.005%Rate

Funding earned: $44.36
Price spread: +0.005% → +0.017%: −$1.21
Slippage, 4 orders: −$11.55
Fee tradeXYZ: 9 bp × 2 orders: −$18
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$1.4
Costs to cover: 0.446%
Break-even: 7.2 days

Slippage from tradeXYZ: live order book, 8 min ago; Gate: live order book, 2 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, 8 min ago	0.54 bp	10.1 bp −$10	10.9 bp −$109	doesn't fit	doesn't fit
Sell Gate live order book, 2 min ago	1.34 bp	11.4 bp −$11	25.6 bp −$256	53.1 bp −$5,306	88.0 bp −$44.0K

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	−0.1260%	8h	186.77	+0.107%	$25.4M	$33.1M	20x	as long as short
edgeX SKHYUSDC	−0.0943%	4h	186.65	+0.043%	$563K	$291K	10x	as long as short
Kraken Futures PF_SKHYUSD	−0.0266%	1h	186.64	+0.037%	$48K	$21K	20x	as long as short
tradeXYZ xyz:SKHYlong	−0.0211%	1h	186.57	long leg	$158.5M	$76.9M	10x
Nado SKHY-PERP	−0.0169%	1h	186.69	+0.064%	$33K	$28K	10x	as long as short
Polymarket Perps SKHY-USD	−0.0122%	1h	186.50	−0.038%	$180K	$487K	10x	as long as short
Popdex SKHYUSDT	−0.0120%	1h	186.61	+0.021%	$205K	$288K	20x	as long as short
Coinbase International SKHY-PERP-INTX	−0.0072%	1h	187.58	+0.541%	$68K	$905K	10x	as long as short
QFEX SKHY-USD	−0.0061%	1h	186.62	+0.027%	$1.2M	$4.3M	10x	as long as short
KuCoin SKHYUSDTM	−0.0037%	8h	186.59	+0.011%	$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	−0.0008%	1h	186.55	−0.011%	$975K	$1.2M	10x	as long as short
Aster SKHYUSDT	0.0000%	8h	186.69	+0.065%	$223K	$925K	50x	as long as short
Extended SKHY-USD	0.0000%	1h	186.53	−0.019%	$54K	$7K	10x	as long as short
Binance SKHYUSDT	0.0000%	8h	186.59	+0.011%	$200.6M	$450.7M	50x	as long as short
Bybit SKHYUSDT	0.0000%	8h	186.59	+0.011%	$16.7M	$29.4M	100x	as long as short
OKX SKHY-USDT-SWAP	0.0000%	8h	186.60	+0.016%	$44.7M	$79.7M	50x	as long as short
Gate SKHY_USDTshort	0.0000%	8h	186.58	+0.005%	$25.5M	$21.0M	75x
Variational Omni SKHY	0.0000%	8h	186.58	+0.005%	$1.6M	$1.0M	—	as long as short
GRVT SKHY_USDT_Perp	0.0000%	8h	186.63	+0.032%	$22K	$233K	10x	as long as short
SunX SKHY-USDT	0.0000%	8h	186.83	+0.139%	$684	$6.1M	10x	as long as short
Deribit SKHY_USDC-PERPETUAL	0.0000%	1h	186.61	+0.021%	$49K	$347K	10x	as long as short
HTX SKHY-USDT	0.0000%	8h	186.52	−0.027%	$155K	$363K	50x	as long as short
Phemex SKHYUSDT	0.0000%	8h	186.57	0.000%	$1.5M	$1.1M	10x	as long as short
Ondo Perps SKHY-USD.P	+0.0029%	1h	186.60	+0.016%	$521K	$2.6M	10x	as long as short
Lighter RH SKHY	+0.0032%	1h	186.54	−0.016%	$1.1M	$1.5M	10x	as long as short
Arcus SKHY-USD	+0.0040%	1h	186.60	+0.016%	$60K	$171K	10x	as long as short
Vest SKHY-USD-PERP	+0.0046%	1h	186.59	+0.011%	—	$32K	10x	as long as short
SoDEX SKHY-USD	+0.0050%	1h	186.55	−0.011%	$41K	$12K	10x	as long as short
Orderly PERP_SKHY_USDC_mythos	+0.0100%	8h	186.58	+0.005%	$2K	$4K	10x	as long as short
BloFin SKHY-USDT	+0.0120%	8h	186.65	+0.043%	$2.2M	$426K	50x	as long as short
Phoenix SKHY	+0.0129%	1h	186.87	+0.161%	$209K	$123K	10x	as long as short