Funding arb · Price arb /

SKHY

RWAall SKHY markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0040%/8h= +4.4% APRpaid last 24h +0.012%

Price spread now: Arcus against Variational Omni+0.020%7-day average −0.044% · you sell dearer than you buy

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

Long on Variational Omni Short on Arcus

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.040%+$4 on $10k

Price spread, last 4 days (all we have)−0.266%−$27 · spread now +0.020%, 7d avg −0.044%

Together, before fees−0.226%+ Points / potential airdropVariational Omni: Active · farm board−$23 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Arcus is 0.064% dearer against Variational Omni than usual: you sell high and buy low: +$6 more if the spread goes back to its 7-day average of −0.044%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni SKHY	186.43	0	get 0.0000% / 8h	1h 26m	$1.6M	$1.0M	—
Short	Arcus SKHY-USD	186.47	0.0040	get 0.0005% / 1h	26m 20s	$59K	$166K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Arcus against Variational Omni. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 Variational OmnibpFee ArcusbpOrdersPrice spread, now +0.020%Rate

Funding earned: $8.46
Price spread: +0.020% → −0.044%: $6.39
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Net: $10.34
Costs to cover: 0.045%
Break-even: from the start

Slippage unknown: Variational Omni: RFQ quote, 3 min ago; Arcus: live order book, 17 min ago. 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 Variational Omni RFQ quote, 3 min ago	2.25 bp	doesn't fit	5.2 bp −$52	doesn't fit	doesn't fit
Sell Arcus live order book, 17 min ago	2.95 bp	9.1 bp −$9	15.8 bp −$158	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
Bitget SKHYUSDT	−0.1296%	8h	186.89	+0.245%	$25.1M	$31.7M	20x	as long as short
edgeX SKHYUSDC	−0.0625%	4h	186.55	+0.065%	$562K	$289K	10x	as long as short
Nado SKHY-PERP	−0.0191%	1h	186.64	+0.114%	$33K	$28K	10x	as long as short
tradeXYZ xyz:SKHY	−0.0183%	1h	186.69	+0.138%	$158.6M	$74.7M	10x	as long as short
Popdex SKHYUSDT	−0.0176%	1h	186.72	+0.154%	$197K	$275K	20x	as long as short
Polymarket Perps SKHY-USD	−0.0169%	1h	186.60	+0.090%	$180K	$487K	10x	as long as short
Kraken Futures PF_SKHYUSD	−0.0139%	1h	186.64	+0.110%	$47K	$19K	20x	as long as short
Coinbase International SKHY-PERP-INTX	−0.0104%	1h	187.75	+0.707%	$63K	$902K	10x	as long as short
Lighter SKHY	−0.0072%	1h	186.66	+0.122%	$955K	$1.1M	10x	as long as short
Deribit SKHY_USDC-PERPETUAL	−0.0071%	1h	186.73	+0.160%	$49K	$343K	10x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
QFEX SKHY-USD	−0.0049%	1h	186.72	+0.154%	$1.2M	$4.2M	10x	as long as short
Ondo Perps SKHY-USD.P	−0.0042%	1h	186.39	−0.023%	$515K	$2.6M	10x	as long as short
Aster SKHYUSDT	0.0000%	8h	186.74	+0.163%	$226K	$919K	50x	as long as short
Extended SKHY-USD	0.0000%	1h	186.61	+0.096%	$54K	$7K	10x	as long as short
Binance SKHYUSDT	0.0000%	8h	186.66	+0.122%	$199.1M	$439.8M	50x	as long as short
Bybit SKHYUSDT	0.0000%	8h	186.70	+0.144%	$15.9M	$29.3M	100x	as long as short
OKX SKHY-USDT-SWAP	0.0000%	8h	186.66	+0.122%	$44.6M	$77.7M	50x	as long as short
Gate SKHY_USDT	0.0000%	8h	186.71	+0.149%	$25.5M	$20.5M	75x	as long as short
Variational Omni SKHYlong	0.0000%	8h	186.43	long leg	$1.6M	$1.0M	—
GRVT SKHY_USDT_Perp	0.0000%	8h	186.39	−0.023%	$22K	$229K	10x	as long as short
SunX SKHY-USDT	0.0000%	8h	186.94	+0.272%	$684	$6.1M	10x	as long as short
HTX SKHY-USDT	0.0000%	8h	186.57	+0.074%	$155K	$366K	50x	as long as short
Phemex SKHYUSDT	0.0000%	8h	186.67	+0.127%	$1.5M	$1.1M	10x	as long as short
Lighter RH SKHY	+0.0032%	1h	186.62	+0.101%	$1.1M	$1.6M	10x	as long as short
Arcus SKHY-USDshort	+0.0040%	1h	186.47	+0.020%	$59K	$166K	10x
Vest SKHY-USD-PERP	+0.0046%	1h	186.69	+0.138%	—	$24K	10x	as long as short
SoDEX SKHY-USD	+0.0050%	1h	186.62	+0.101%	$41K	$13K	10x	as long as short
KuCoin SKHYUSDTM	+0.0084%	8h	186.61	+0.095%	$1.1M	$328K	20x	as long as short
Orderly PERP_SKHY_USDC_mythos	+0.0100%	8h	186.64	+0.111%	$2K	$4K	10x	as long as short
BloFin SKHY-USDT	+0.0120%	8h	186.54	+0.058%	$2.2M	$421K	50x	as long as short
Phoenix SKHY	+0.0213%	1h	186.53	+0.052%	$209K	$115K	10x	as long as short