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: SunX against tradeXYZ+0.202%7-day average +0.162% · you sell dearer than you buy

Net, funding: paid 7d − costs−$134as in the Funding arb table

Net, price: spread back to 7d avg − costs−$135as in the Price arb table

costs, in and out, $10k−$1391.390% of the position

Long on tradeXYZ Short on SunX

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)−0.202%−$20 · spread now +0.202%, 7d avg +0.162%

Together, before fees−0.152%+ Points / potential airdroptradeXYZ: Active · farm board−$15 on $10k · with fees, hour by hour

The price spread pays, funding is against you. SunX is 0.040% dearer against tradeXYZ than usual: you sell high and buy low (spread +0.202% now, against its 7-day average of +0.162%): +$4 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 2.7 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	tradeXYZ xyz:SKHY	193.19	0.0050	pay 0.0006% / 1h	58m 59s	$161.6M	$67.6M	10x
Short	SunX SKHY-USDT	193.58	0	get 0.0000% / 8h	4h 58m	$709	$6.3M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now +0.202%Rate

Funding earned: −$10.5
Price spread: +0.202% → +0.162%: $4.03
Slippage, 4 orders: −$113
Fee tradeXYZ: 9 bp × 2 orders: −$18
Fee SunX: 4 bp × 2 orders: −$8
Net: −$145.47
Costs to cover: 1.390%
Break-even: never at this rate

Slippage from tradeXYZ: live order book, 11 min ago; SunX: live order book, 10 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 SunX live order book, 10 min ago	29.48 bp	72.4 bp −$72	doesn't fit	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	+0.046%	$583K	$292K	10x	as long as short
Coinbase International SKHY-PERP-INTX	−0.0048%	1h	192.90	−0.150%	$45K	$869K	10x	as long as short
Aster SKHYUSDT	0.0000%	8h	193.27	+0.040%	$249K	$889K	50x	as long as short
Extended SKHY-USD	0.0000%	1h	193.26	+0.034%	$56K	$7K	10x	as long as short
Binance SKHYUSDT	0.0000%	8h	193.30	+0.057%	$205.1M	$392.5M	50x	as long as short
Bybit SKHYUSDT	0.0000%	8h	193.30	+0.057%	$15.8M	$27.5M	100x	as long as short
OKX SKHY-USDT-SWAP	0.0000%	8h	193.29	+0.052%	$46.7M	$70.0M	50x	as long as short
Gate SKHY_USDT	0.0000%	8h	193.28	+0.047%	$25.8M	$18.7M	75x	as long as short
Variational Omni SKHY	0.0000%	8h	193.28	+0.044%	$1.6M	$1.2M	—	as long as short
GRVT SKHY_USDT_Perp	0.0000%	8h	193.29	+0.052%	$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-USDTshort	0.0000%	8h	193.58	+0.202%	$709	$6.3M	10x
HTX SKHY-USDT	0.0000%	8h	193.12	−0.036%	$161K	$367K	50x	as long as short
Phemex SKHYUSDT	0.0000%	8h	193.30	+0.057%	$1.5M	$1.1M	10x	as long as short
QFEX SKHY-USD	+0.0004%	1h	193.22	+0.016%	$1.2M	$4.2M	10x	as long as short
Lighter SKHY	+0.0032%	1h	193.20	+0.005%	$1.0M	$684K	10x	as long as short
Lighter RH SKHY	+0.0032%	1h	193.17	−0.010%	$1.1M	$1.6M	10x	as long as short
Arcus SKHY-USD	+0.0040%	1h	193.20	+0.005%	$57K	$154K	10x	as long as short
Vest SKHY-USD-PERP	+0.0046%	1h	193.25	+0.031%	—	$12K	10x	as long as short
Popdex SKHYUSDT	+0.0048%	1h	193.30	+0.057%	$201K	$257K	20x	as long as short
tradeXYZ xyz:SKHYlong	+0.0050%	1h	193.19	long leg	$161.6M	$67.6M	10x
Polymarket Perps SKHY-USD	+0.0050%	1h	193.20	+0.005%	$189K	$456K	10x	as long as short
SoDEX SKHY-USD	+0.0050%	1h	193.25	+0.031%	$43K	$13K	10x	as long as short
Ondo Perps SKHY-USD.P	+0.0050%	1h	193.26	+0.036%	$575K	$2.3M	10x	as long as short
KuCoin SKHYUSDTM	+0.0100%	8h	193.21	+0.010%	$1.1M	$298K	20x	as long as short
Orderly PERP_SKHY_USDC_mythos	+0.0100%	8h	193.30	+0.057%	$2K	$4K	10x	as long as short
Deribit SKHY_USDC-PERPETUAL	+0.0112%	1h	193.30	+0.057%	$49K	$307K	10x	as long as short
BloFin SKHY-USDT	+0.0120%	8h	193.31	+0.062%	$2.2M	$438K	50x	as long as short
Nado SKHY-PERP	+0.0151%	1h	193.25	+0.033%	$38K	$26K	10x	as long as short
Bitget SKHYUSDT	+0.0204%	8h	193.33	+0.072%	$25.4M	$26.8M	20x	as long as short
Phoenix SKHY	+0.0332%	1h	193.40	+0.109%	$217K	$124K	10x	as long as short
Kraken Futures PF_SKHYUSD	+0.1056%	1h	193.42	+0.118%	$51K	$17K	20x	as long as short