Funding arb · Price arb /

SKHY

RWAall SKHY markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0050%/8h= +5.5% APRpaid last 24h +0.015%

Price spread now: Ondo Perps against Variational Omni−0.444%7-day average −0.039% · you buy dearer than you sell

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

Long on Variational Omni Short on Ondo Perps

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.035%+$3 on $10k

Price spread, last 7 days+0.169%+$17 · spread now −0.444%, 7d avg −0.039%

Together, before fees+0.204%+ Points / potential airdropVariational Omni: Active · Ondo Perps: Active · farm board+$20 on $10k · with fees, hour by hour

Funding pays, the price is against you. Ondo Perps is 0.405% cheaper against Variational Omni than usual: you would sell low and buy high (spread −0.444% now, against its 7-day average of −0.039%). If the spread goes back, that is −$41 on $10k: about 27 days of funding at the current rate (+$2 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni SKHY	193.08	0	get 0.0000% / 8h	5h 46m	$1.6M	$1.3M	—
Short	Ondo Perps SKHY-USD.P	192.22	0.0050	get 0.0006% / 1h	46m 24s	$567K	$2.1M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Ondo Perps 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 Ondo PerpsbpOrdersPrice spread, now −0.444%Rate

Funding earned: $10.58
Price spread: −0.444% → −0.039%: −$40.52
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Net: −$34.94
Costs to cover: 0.050%
Break-even: 30.1 days

Slippage unknown: Variational Omni: RFQ quote, 3 min ago; Ondo Perps: no order-book sample. 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	2.23 bp	doesn't fit	7.1 bp −$71	doesn't fit	doesn't fit
Sell Ondo Perps no order-book sample	—	—	—	—	—

Ondo Perps: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	−0.0716%	4h	192.85	−0.118%	$581K	$291K	10x	as long as short
Coinbase International SKHY-PERP-INTX	−0.0032%	1h	192.90	−0.092%	$45K	$874K	10x	as long as short
Aster SKHYUSDT	0.0000%	8h	192.31	−0.398%	$247K	$890K	50x	as long as short
Extended SKHY-USD	0.0000%	1h	192.23	−0.439%	$56K	$7K	10x	as long as short
Binance SKHYUSDT	0.0000%	8h	192.27	−0.418%	$207.4M	$385.9M	50x	as long as short
Bybit SKHYUSDT	0.0000%	8h	192.30	−0.403%	$15.7M	$27.3M	100x	as long as short
OKX SKHY-USDT-SWAP	0.0000%	8h	192.31	−0.397%	$46.7M	$69.0M	50x	as long as short
Gate SKHY_USDT	0.0000%	8h	192.23	−0.439%	$25.8M	$18.9M	75x	as long as short
Variational Omni SKHYlong	0.0000%	8h	193.08	long leg	$1.6M	$1.3M	—
GRVT SKHY_USDT_Perp	0.0000%	8h	193.09	+0.007%	$22K	$193K	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	192.64	−0.227%	$705	$6.4M	10x	as long as short
HTX SKHY-USDT	0.0000%	8h	192.34	−0.382%	$160K	$368K	50x	as long as short
Phemex SKHYUSDT	0.0000%	8h	192.35	−0.377%	$1.5M	$1.1M	10x	as long as short
QFEX SKHY-USD	+0.0004%	1h	192.30	−0.403%	$1.2M	$4.3M	10x	as long as short
Deribit SKHY_USDC-PERPETUAL	+0.0010%	1h	192.38	−0.361%	$48K	$286K	10x	as long as short
Lighter SKHY	+0.0032%	1h	192.20	−0.454%	$1.0M	$687K	10x	as long as short
Lighter RH SKHY	+0.0032%	1h	192.23	−0.439%	$1.1M	$1.5M	10x	as long as short
Arcus SKHY-USD	+0.0040%	1h	192.60	−0.247%	$57K	$154K	10x	as long as short
Vest SKHY-USD-PERP	+0.0046%	1h	192.36	−0.372%	—	$11K	10x	as long as short
Popdex SKHYUSDT	+0.0048%	1h	192.29	−0.408%	$197K	$255K	20x	as long as short
tradeXYZ xyz:SKHY	+0.0050%	1h	192.22	−0.444%	$161.5M	$66.4M	10x	as long as short
Polymarket Perps SKHY-USD	+0.0050%	1h	192.22	−0.444%	$188K	$456K	10x	as long as short
SoDEX SKHY-USD	+0.0050%	1h	192.36	−0.372%	$43K	$13K	10x	as long as short
Ondo Perps SKHY-USD.Pshort	+0.0050%	1h	192.22	−0.444%	$567K	$2.1M	10x
KuCoin SKHYUSDTM	+0.0100%	8h	192.32	−0.392%	$1.1M	$290K	20x	as long as short
Orderly PERP_SKHY_USDC_mythos	+0.0100%	8h	192.28	−0.413%	$2K	$4K	10x	as long as short
BloFin SKHY-USDT	+0.0120%	8h	192.34	−0.382%	—	$444K	50x	as long as short
Nado SKHY-PERP	+0.0133%	1h	192.33	−0.385%	$38K	$26K	10x	as long as short
Bitget SKHYUSDT	+0.0197%	8h	192.40	−0.351%	$25.5M	$26.4M	20x	as long as short
Phoenix SKHY	+0.0332%	1h	192.94	−0.071%	$216K	$124K	10x	as long as short
Kraken Futures PF_SKHYUSD	+0.0547%	1h	192.45	−0.324%	$51K	$17K	20x	as long as short