Funding arb · Price arb /

SKHY

RWAall SKHY markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 16:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Phemex against Variational Omni+0.050%7-day average +0.006% · you sell dearer than you buy

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

Long on Variational Omni Short on Phemex

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.025%−$3 on $10k

Price spread, last 4 days (all we have)−0.059%−$6 · spread now +0.050%, 7d avg +0.006%

Together, before fees−0.084%+ Points / potential airdropVariational Omni: Active · farm board−$8 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: Phemex is 0.043% dearer against Variational Omni than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of +0.006%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni SKHY	187.38	0	get 0.0000% / 8h	4h 43m	$1.5M	$948K	—
Short	Phemex SKHYUSDT	187.47	0	get 0.0000% / 8h	4h 43m	$1.5M	$1.1M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phemex 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 PhemexbpOrdersPrice spread, now +0.050%Rate

Funding earned: $0
Price spread: +0.050% → +0.006%: $4.34
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Phemex: 6 bp × 2 orders: −$12
Net: −$7.66
Costs to cover: 0.120%
Break-even: never at this rate

Slippage unknown: Variational Omni: RFQ quote, 4 min ago; Phemex: live order book, 3 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	5.6 bp −$56	doesn't fit	doesn't fit
Sell Phemex live order book, 3 min ago	1.87 bp	41.1 bp −$41	doesn't fit	doesn't fit	doesn't fit

SKHY on 31 exchanges

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
Kraken Futures PF_SKHYUSD	−0.2060%	1h	187.35	−0.015%	$50K	$37K	20x	as long as short
KuCoin SKHYUSDTM	−0.0214%	8h	187.42	+0.023%	$1.1M	$526K	20x	as long as short
Bitget SKHYUSDT	−0.0204%	8h	187.55	+0.092%	$26.0M	$36.7M	20x	as long as short
Deribit SKHY_USDC-PERPETUAL	−0.0123%	1h	187.59	+0.114%	$52K	$493K	10x	as long as short
edgeX SKHYUSDC	−0.0117%	4h	187.44	+0.034%	$565K	$287K	10x	as long as short
Coinbase International SKHY-PERP-INTX	−0.0096%	1h	187.55	+0.092%	$110K	$729K	10x	as long as short
Nado SKHY-PERP	−0.0073%	1h	187.53	+0.080%	$32K	$28K	10x	as long as short
Extended SKHY-USD	−0.0016%	1h	187.48	+0.053%	$55K	$7K	10x	as long as short
Binance SKHYUSDT	−0.0015%	8h	187.54	+0.087%	$197.2M	$473.7M	50x	as long as short
QFEX SKHY-USD	−0.0013%	1h	187.46	+0.044%	$1.2M	$4.2M	10x	as long as short

Show all 31 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
tradeXYZ xyz:SKHY	−0.0008%	1h	187.50	+0.066%	$158.5M	$77.4M	10x	as long as short
Aster SKHYUSDT	0.0000%	8h	187.51	+0.069%	$258K	$919K	50x	as long as short
Bybit SKHYUSDT	0.0000%	8h	187.56	+0.098%	$16.4M	$34.0M	100x	as long as short
OKX SKHY-USDT-SWAP	0.0000%	8h	187.52	+0.076%	$44.5M	$85.7M	50x	as long as short
Gate SKHY_USDT	0.0000%	8h	187.45	+0.039%	$25.3M	$21.5M	75x	as long as short
Variational Omni SKHYlong	0.0000%	8h	187.38	long leg	$1.5M	$948K	—
GRVT SKHY_USDT_Perp	0.0000%	8h	187.53	+0.082%	$22K	$259K	10x	as long as short
SunX SKHY-USDT	0.0000%	8h	187.90	+0.279%	$688	$5.3M	10x	as long as short
HTX SKHY-USDT	0.0000%	8h	187.57	+0.103%	$154K	$384K	50x	as long as short
Phemex SKHYUSDTshort	0.0000%	8h	187.47	+0.050%	$1.5M	$1.1M	10x
Lighter SKHY	+0.0032%	1h	187.46	+0.044%	$980K	$1.4M	10x	as long as short
Lighter RH SKHY	+0.0032%	1h	187.41	+0.017%	$1.1M	$1.5M	10x	as long as short
Arcus SKHY-USD	+0.0040%	1h	187.45	+0.039%	$60K	$131K	10x	as long as short
Vest SKHY-USD-PERP	+0.0046%	1h	187.47	+0.050%	—	$40K	10x	as long as short
Popdex SKHYUSDT	+0.0048%	1h	187.53	+0.082%	$202K	$319K	20x	as long as short
Polymarket Perps SKHY-USD	+0.0050%	1h	187.46	+0.044%	$182K	$342K	10x	as long as short
SoDEX SKHY-USD	+0.0050%	1h	187.53	+0.082%	$41K	$12K	10x	as long as short
Ondo Perps SKHY-USD.P	+0.0050%	1h	187.56	+0.098%	$523K	$2.5M	10x	as long as short
Orderly PERP_SKHY_USDC_mythos	+0.0100%	8h	187.54	+0.087%	$2K	$4K	10x	as long as short
BloFin SKHY-USDT	+0.0103%	8h	187.51	+0.071%	$2.2M	$495K	50x	as long as short
Phoenix SKHY	+0.0298%	1h	187.78	+0.215%	$210K	$123K	10x	as long as short