SKHY Funding Rate — live across 14 venues

Compared across 14 supported venues · net of estimated fees · updated every few minutes

Live annualized SKHY perpetual funding across all 14 venues Perpia tracks. Right now SKHY funding is positive on 6 and negative on 1, ranging from +10.9% on KuCoin to -4.5% on Gate.io — a spread of 15.4%. The widest delta-neutral trade is long Gate.io / short KuCoin at 12.6% net APR.

venues

paying positive

15.4%

funding spread

Best SKHY spread now

12.6%

net APR after fees

Long Gate.io→Short KuCoin

size depends on live venue depth — see the real cap in the scanner

SKHY funding trend & liquidity

168h of history

15.4%

current gross APR

-3.2%

24h average

-3.0%

7-day average

$851K

pair OI · lower leg

$694K

24h volume · lower leg

Averages are historical funding over the window shown. A current rate near the 7-day average may indicate the spread has persisted; a rate far above it is usually a short-lived spike. OI and volume are the smaller (binding) leg of the best pair — the ceiling on tradeable size.

SKHY funding rate history

30d · 6h buckets · 12 venues

167%0-186.2%

6 Aug5 Sep

SKHY — average across 12 venuesAsterBitgetKuCoinOKX

Annualized funding, averaged into 6-hour buckets. The bold line is the mean across venues quoting in that bucket; the faint lines are individual venues. Mean over the window: -1.2%. A break in a line means no data was recorded for that stretch, not a zero rate.

SKHY funding rate by venue

42 pairs scanned

Venue	Funding APR	Interval
KuCoin ↗	+10.9%	8h
Nado ↗	+9.9%	24h
Hyperliquid ↗	+5.5%	1h
Sodex ↗	+5.5%	1h
trade.xyz ↗	+5.5%	1h
Arcus ↗	+4.2%	1h
Variational ↗	+0.0%	8h
Extended ↗	+0.0%	1h
Aster ↗	+0.0%	8h
OKX ↗	+0.0%	8h
Bybit ↗	+0.0%	8h
Bitget ↗	+0.0%	8h
Ostium ↗	+0.0%	1h
Gate.io ↗	-4.5%	8h

Rates annualized; updated ~every few minutes from live venue data. Venue names link to that exchange's full funding table; ↗ opens the market on the exchange itself. Every spread between these two venues is on the Gate.io vs KuCoin page.

SKHY arbitrage — 30-day backtest

long Gate.io · short KuCoin

-1.2%

backtested APR

−$10

historical net P&L on $10,000

0.24%

max drawdown

$10,000$9,990

30 days agostarting capital $10,000today

Over the last 30 days, holding long Gate.io / short KuCoin would have produced -1.2% APR — versus the 12.6% the live spread implies right now (equity $10,000 → $9,990). This is a backtest on historical funding, not a live result: funding drifts and decays, so backtested results rarely match the current headline rate — which is why size and holding window matter more than the top-line number.

Open full interactive backtest →

Loading SKHY backtest…

SKHY funding — FAQ

Is SKHY funding positive right now?

SKHY perpetual funding is positive on 6 of 14 venues Perpia tracks and negative on 1. The highest is +10.9% on KuCoin; the lowest is -4.5% on Gate.io.

What is the best SKHY funding arbitrage right now?

Go long Gate.io and short KuCoin for about 12.6% net APR after fees — the widest delta-neutral SKHY spread Perpia currently sees.

Which exchange has the highest SKHY funding rate?

KuCoin, at +10.9% annualized. Funding shifts continuously, so check the live table above before trading.

How SKHY funding arbitrage works

Funding arbitrage combines opposing positions on two venues — long the one paying the most negative funding, short the one paying the most positive — to reduce directional exposure and capture the difference between their funding payments. Fees, slippage, basis divergence and liquidation risk can reduce the result. See the methodology for how it is measured and the guide for the full walkthrough.

Markets related to SKHY

Markets also quoted on both Gate.io and KuCoin — the same two exchanges you would already have funded for the SKHY trade.

See every spread between them on the Gate.io vs KuCoin page.

Open the live scanner →All funding rates Funding by exchange How we calculate this