Funding arb · Price arb /

SKHY

RWAall SKHY markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Aster against Variational Omni−0.109%7-day average −0.018% · you buy dearer than you sell

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

Long on Variational Omni Short on Aster

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.014%−$1 on $10k

Price spread, last 4 days (all we have)−0.152%−$15 · spread now −0.109%, 7d avg −0.018%

Together, before fees−0.166%+ Points / potential airdropVariational Omni: Active · Aster: Stage 5 · farm board−$17 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Aster is 0.090% cheaper against Variational Omni than usual: you would sell low and buy high, −$9 on $10k if it goes back to its 7-day average of −0.018%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni SKHY	192.48	0	get 0.0000% / 8h	7h 49m	$1.6M	$2.4M	—
Short	Aster SKHYUSDT	192.27	0	get 0.0000% / 8h	7h 49m	$255K	$905K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster 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 AsterbpOrdersPrice spread, now −0.109%Rate

Funding earned: $0
Price spread: −0.109% → −0.018%: −$9.05
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Aster: 4 bp × 2 orders: −$8
Net: −$17.05
Costs to cover: 0.080%
Break-even: never at this rate

Slippage unknown: Variational Omni: RFQ quote, 4 min ago; Aster: live order book, 23 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, 4 min ago	2.24 bp	doesn't fit	7.6 bp −$76	doesn't fit	doesn't fit
Sell Aster live order book, 23 min ago	1.32 bp	7.0 bp −$7	67.2 bp −$672	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	−0.0915%	4h	192.39	−0.042%	$580K	$289K	10x	as long as short
Nado SKHY-PERP	−0.0095%	1h	192.22	−0.132%	$29K	$2K	10x	as long as short
Aster SKHYUSDTshort	0.0000%	8h	192.27	−0.109%	$255K	$905K	50x
Extended SKHY-USD	0.0000%	1h	192.65	+0.091%	$56K	$6K	10x	as long as short
Binance SKHYUSDT	0.0000%	8h	192.68	+0.107%	$213.5M	$384.1M	50x	as long as short
Bybit SKHYUSDT	0.0000%	8h	192.74	+0.138%	$15.8M	$27.4M	100x	as long as short
OKX SKHY-USDT-SWAP	0.0000%	8h	192.71	+0.122%	$47.7M	$63.7M	50x	as long as short
Gate SKHY_USDT	0.0000%	8h	192.48	+0.003%	$26.4M	$17.3M	75x	as long as short
Bitget SKHYUSDT	0.0000%	8h	192.45	−0.013%	$25.5M	$26.3M	20x	as long as short
Variational Omni SKHYlong	0.0000%	8h	192.48	long leg	$1.6M	$2.4M	—

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX SKHY-USDT	0.0000%	8h	192.79	+0.164%	$706	$7.1M	10x	as long as short
HTX SKHY-USDT	0.0000%	8h	192.45	−0.013%	$158K	$393K	50x	as long as short
Phemex SKHYUSDT	0.0000%	8h	192.48	+0.003%	$1.5M	$1.1M	10x	as long as short
QFEX SKHY-USD	+0.0005%	1h	192.27	−0.107%	$1.2M	$5.3M	10x	as long as short
Lighter SKHY	+0.0032%	1h	192.40	−0.039%	$1.0M	$618K	10x	as long as short
Lighter RH SKHY	+0.0032%	1h	192.39	−0.044%	$1.1M	$1.5M	10x	as long as short
KuCoin SKHYUSDTM	+0.0033%	8h	192.44	−0.018%	$1.1M	$272K	20x	as long as short
Arcus SKHY-USD	+0.0040%	1h	192.21	−0.138%	$57K	$154K	10x	as long as short
Vest SKHY-USD-PERP	+0.0046%	1h	192.36	−0.060%	—	$13K	10x	as long as short
Popdex SKHYUSDT	+0.0048%	1h	192.34	−0.070%	$196K	$256K	20x	as long as short
Ondo Perps SKHY-USD.P	+0.0050%	1h	192.18	−0.153%	$536K	$1.4M	10x	as long as short
GRVT SKHY_USDT_Perp	+0.0053%	8h	192.35	−0.065%	$22K	$202K	10x	as long as short
Coinbase International SKHY-PERP-INTX	+0.0088%	1h	190.51	−1.021%	$171K	$682K	10x	as long as short
Orderly PERP_SKHY_USDC_mythos	+0.0100%	8h	192.38	−0.049%	$2K	$4K	10x	as long as short
BloFin SKHY-USDT	+0.0120%	8h	192.33	−0.075%	$2.2M	$427K	50x	as long as short
Deribit SKHY_USDC-PERPETUAL	+0.0166%	1h	192.49	+0.008%	$46K	$259K	10x	as long as short
Phoenix SKHY	+0.0335%	1h	192.45	−0.013%	$217K	$120K	10x	as long as short
Polymarket Perps SKHY-USD	+0.0676%	1h	192.27	−0.107%	$192K	$389K	10x	as long as short
Kraken Futures PF_SKHYUSD	+0.0711%	1h	192.40	−0.041%	$51K	$25K	20x	as long as short
tradeXYZ xyz:SKHY	+0.0774%	1h	192.55	+0.039%	$166.5M	$64.6M	10x	as long as short
SoDEX SKHY-USD	+0.0968%	1h	192.44	−0.018%	$43K	$13K	10x	as long as short