Funding arb · Price arb /

SKHY

RWAall SKHY markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0050%/8h= −5.5% APRpaid last 24h −0.007%

Price spread now: HTX against tradeXYZ−0.041%49s7-day average −0.006% · you buy dearer than you sell

Net, funding: paid 7d − costs−$31as 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−$360.362% of the position

Long on tradeXYZ Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.050%+$5 on $10k

Price spread, last 4 days (all we have)−0.118%−$12 · spread now −0.041%, 7d avg −0.006%

Together, before fees−0.069%+ Points / potential airdroptradeXYZ: Active · farm board−$7 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and HTX is 0.036% cheaper against tradeXYZ than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of −0.006%). Swap the legs. The two prices were read 49 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	tradeXYZ xyz:SKHY	193.20	0.0050	pay 0.0006% / 1h	59m 24s	$161.6M	$67.6M	10x
Short	HTX SKHY-USDT	193.12	0	get 0.0000% / 8h	4h 59m	$161K	$368K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX 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 HTXbpOrdersPrice spread, now −0.041%Rate

Funding earned: −$10.5
Price spread: −0.041% → −0.006%: −$3.57
Slippage, 4 orders: −$6.23
Fee tradeXYZ: 9 bp × 2 orders: −$18
Fee HTX: 6 bp × 2 orders: −$12
Net: −$50.3
Costs to cover: 0.362%
Break-even: never at this rate

Slippage from tradeXYZ: live order book, 11 min ago; HTX: live order book, 64 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, 11 min ago	0.26 bp	9.3 bp −$9	10.3 bp −$103	doesn't fit	doesn't fit
Sell HTX live order book, 64 min ago	2.85 bp	8.9 bp −$9	10.8 bp −$108	doesn't fit	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	−0.0844%	4h	193.28	+0.040%	$583K	$292K	10x	as long as short
Coinbase International SKHY-PERP-INTX	−0.0048%	1h	192.90	−0.155%	$45K	$869K	10x	as long as short
Aster SKHYUSDT	0.0000%	8h	193.24	+0.021%	$249K	$889K	50x	as long as short
Extended SKHY-USD	0.0000%	1h	193.24	+0.020%	$56K	$7K	10x	as long as short
Binance SKHYUSDT	0.0000%	8h	193.30	+0.052%	$205.1M	$392.5M	50x	as long as short
Bybit SKHYUSDT	0.0000%	8h	193.31	+0.057%	$15.8M	$27.5M	100x	as long as short
OKX SKHY-USDT-SWAP	0.0000%	8h	193.30	+0.052%	$46.7M	$70.0M	50x	as long as short
Gate SKHY_USDT	0.0000%	8h	193.26	+0.031%	$25.8M	$18.7M	75x	as long as short
Variational Omni SKHY	0.0000%	8h	193.28	+0.039%	$1.6M	$1.2M	—	as long as short
GRVT SKHY_USDT_Perp	0.0000%	8h	193.29	+0.047%	$23K	$199K	10x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX SKHY-USDT	0.0000%	8h	193.58	+0.197%	$709	$6.3M	10x	as long as short
HTX SKHY-USDTshort	0.0000%	8h	193.12	−0.041%	$161K	$368K	50x
Phemex SKHYUSDT	0.0000%	8h	193.29	+0.047%	$1.5M	$1.1M	10x	as long as short
QFEX SKHY-USD	+0.0004%	1h	193.22	+0.010%	$1.2M	$4.2M	10x	as long as short
Lighter SKHY	+0.0032%	1h	193.19	−0.005%	$1.0M	$684K	10x	as long as short
Lighter RH SKHY	+0.0032%	1h	193.14	−0.031%	$1.1M	$1.6M	10x	as long as short
Arcus SKHY-USD	+0.0040%	1h	193.20	0.000%	$57K	$154K	10x	as long as short
Vest SKHY-USD-PERP	+0.0046%	1h	193.25	+0.026%	—	$12K	10x	as long as short
Popdex SKHYUSDT	+0.0048%	1h	193.30	+0.052%	$201K	$257K	20x	as long as short
tradeXYZ xyz:SKHYlong	+0.0050%	1h	193.20	long leg	$161.6M	$67.6M	10x
Polymarket Perps SKHY-USD	+0.0050%	1h	193.20	0.000%	$189K	$456K	10x	as long as short
SoDEX SKHY-USD	+0.0050%	1h	193.25	+0.026%	$43K	$13K	10x	as long as short
Ondo Perps SKHY-USD.P	+0.0050%	1h	193.26	+0.031%	$575K	$2.3M	10x	as long as short
KuCoin SKHYUSDTM	+0.0100%	8h	193.21	+0.005%	$1.1M	$298K	20x	as long as short
Orderly PERP_SKHY_USDC_mythos	+0.0100%	8h	193.30	+0.052%	$2K	$4K	10x	as long as short
Deribit SKHY_USDC-PERPETUAL	+0.0112%	1h	193.30	+0.052%	$49K	$307K	10x	as long as short
BloFin SKHY-USDT	+0.0120%	8h	193.34	+0.072%	$2.2M	$438K	50x	as long as short
Nado SKHY-PERP	+0.0151%	1h	193.25	+0.028%	$38K	$26K	10x	as long as short
Bitget SKHYUSDT	+0.0204%	8h	193.32	+0.062%	$25.4M	$26.8M	20x	as long as short
Phoenix SKHY	+0.0332%	1h	193.40	+0.104%	$217K	$124K	10x	as long as short
Kraken Futures PF_SKHYUSD	+0.1056%	1h	193.42	+0.113%	$51K	$17K	20x	as long as short