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: HTX against Variational Omni+0.021%7-day average −0.025% · you sell dearer than you buy

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

Long on Variational Omni Short on HTX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.025%−$3 on $10k

Price spread, last 4 days (all we have)−0.097%−$10 · spread now +0.021%, 7d avg −0.025%

Together, before fees−0.122%+ Points / potential airdropVariational Omni: Active · farm board−$12 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: HTX is 0.046% dearer against Variational Omni than usual: you sell high and buy low, +$5 on $10k if it goes back to its 7-day average of −0.025%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni SKHY	192.95	0	get 0.0000% / 8h	4h 09m	$1.6M	$1.1M	—
Short	HTX SKHY-USDT	192.99	0	get 0.0000% / 8h	4h 09m	$161K	$369K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX against Variational Omni. 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 Variational OmnibpFee HTXbpOrdersPrice spread, now +0.021%Rate

Funding earned: $0
Price spread: +0.021% → −0.025%: $4.62
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee HTX: 6 bp × 2 orders: −$12
Net: −$7.38
Costs to cover: 0.120%
Break-even: never at this rate

Slippage unknown: Variational Omni: RFQ quote, 4 min ago; HTX: live order book, 48 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	2.23 bp	doesn't fit	6.0 bp −$60	doesn't fit	doesn't fit
Sell HTX live order book, 48 min ago	2.59 bp	8.6 bp −$9	11.1 bp −$111	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	−0.0839%	4h	192.88	−0.034%	$581K	$292K	10x	as long as short
Coinbase International SKHY-PERP-INTX	−0.0048%	1h	192.84	−0.057%	$45K	$861K	10x	as long as short
Aster SKHYUSDT	0.0000%	8h	193.05	+0.051%	$249K	$889K	50x	as long as short
Extended SKHY-USD	0.0000%	1h	192.98	+0.016%	$56K	$7K	10x	as long as short
Binance SKHYUSDT	0.0000%	8h	193.04	+0.046%	$203.7M	$394.4M	50x	as long as short
Bybit SKHYUSDT	0.0000%	8h	193.04	+0.047%	$15.7M	$27.7M	100x	as long as short
OKX SKHY-USDT-SWAP	0.0000%	8h	193.06	+0.057%	$46.8M	$70.1M	50x	as long as short
Gate SKHY_USDT	0.0000%	8h	192.99	+0.021%	$25.8M	$19.0M	75x	as long as short
Variational Omni SKHYlong	0.0000%	8h	192.95	long leg	$1.6M	$1.1M	—
GRVT SKHY_USDT_Perp	0.0000%	8h	192.92	−0.015%	$23K	$205K	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	193.32	+0.192%	$708	$6.2M	10x	as long as short
HTX SKHY-USDTshort	0.0000%	8h	192.99	+0.021%	$161K	$369K	50x
Phemex SKHYUSDT	0.0000%	8h	193.06	+0.057%	$1.5M	$1.1M	10x	as long as short
QFEX SKHY-USD	+0.0015%	1h	192.98	+0.016%	$1.2M	$3.9M	10x	as long as short
Lighter SKHY	+0.0032%	1h	192.94	−0.005%	$1.0M	$698K	10x	as long as short
Lighter RH SKHY	+0.0032%	1h	192.92	−0.015%	$1.1M	$1.6M	10x	as long as short
Arcus SKHY-USD	+0.0040%	1h	193.03	+0.042%	$60K	$161K	10x	as long as short
Vest SKHY-USD-PERP	+0.0046%	1h	192.98	+0.016%	—	$12K	10x	as long as short
Popdex SKHYUSDT	+0.0048%	1h	193.07	+0.063%	$202K	$256K	20x	as long as short
tradeXYZ xyz:SKHY	+0.0050%	1h	192.96	+0.006%	$161.3M	$67.9M	10x	as long as short
Polymarket Perps SKHY-USD	+0.0050%	1h	192.96	+0.006%	$189K	$456K	10x	as long as short
SoDEX SKHY-USD	+0.0050%	1h	192.98	+0.016%	$43K	$13K	10x	as long as short
Ondo Perps SKHY-USD.P	+0.0050%	1h	192.90	−0.026%	$577K	$2.4M	10x	as long as short
Deribit SKHY_USDC-PERPETUAL	+0.0061%	1h	193.07	+0.063%	$49K	$322K	10x	as long as short
KuCoin SKHYUSDTM	+0.0100%	8h	192.99	+0.021%	$1.1M	$316K	20x	as long as short
Orderly PERP_SKHY_USDC_mythos	+0.0100%	8h	193.05	+0.052%	$2K	$4K	10x	as long as short
BloFin SKHY-USDT	+0.0120%	8h	193.06	+0.057%	$2.3M	$438K	50x	as long as short
Bitget SKHYUSDT	+0.0134%	8h	193.09	+0.073%	$25.2M	$26.9M	20x	as long as short
Nado SKHY-PERP	+0.0149%	1h	193.03	+0.041%	$38K	$26K	10x	as long as short
Phoenix SKHY	+0.0372%	1h	193.21	+0.135%	$216K	$124K	10x	as long as short
Kraken Futures PF_SKHYUSD	+0.1058%	1h	193.08	+0.070%	$49K	$19K	20x	as long as short