SKHY funding rates and arbitrage

SKHY perpetuals trade on 14 contracts across 14 venues, forming 91 cross-venue arbitrage pairs. By net APR the current best pair is long Crypto.com against short Kraken, netting +53.32%, though note the legs settle on different cadences (4h / 1h)ใ€‚

SKHY perpetual funding rates by venue

APR = current rate ร— (24 รท settlement interval) ร— 365. Venues settle on different cadences, so rates must be annualised before comparing.

VenueContractMarginSettlementCurrent rateAPR24h avg APR24h volumeMark
LBankSKHYUSDTUSDT8h0.0000%0.00%+7.96%$242.7M143.570
OKXSKHY-USDT-SWAPUSDT8h0.0000%0.00%+8.27%$104.8M143.620
BitgetSKHYUSDTUSDT8h0.0000%0.00%+5.76%$77.7M143.610
BybitSKHYUSDTUSDT8h0.0000%0.00%+10.34%$39.4M143.560
GateSKHY_USDTUSDT8h0.0000%0.00%+0.60%$30.7M143.530
MEXCSKHYSTOCK_USDTUSDT8h0.0000%0.00%+7.93%$20.0M143.580
LighterSKHYUSDC1h0.0001%+0.88%+9.25%$2.7M143.350
KuCoinSKHYUSDTMUSDT8h0.0000%0.00%+1.49%$1.4M143.500
DeribitSKHY_USDC-PERPETUALUSDC8h-0.0007%-0.82%+4.46%$1.3M143.480
KrakenPF_SKHYUSDUSD1h0.0033%+28.83%+17.75%$378K143.440
AsterSKHYUSDTUSDT8h0.0000%0.00%+7.21%$325K143.560
HTXSKHY-USDTUSDT8h0.0000%0.00%0.00%$138K143.570
Crypto.comSKHYUSD-PERPUSD4h-0.0112%-24.49%-10.06%$94K143.530
CoinbaseSKHY-PERPUSDC1h-0.0016%-14.02%-14.02%$0186.300

SKHY cross-venue arbitrage pairs

Short the higher-APR leg and go long the lower one; net APR = short leg โˆ’ long leg.

LongShortNet APRDaily24h avgSettlementLiquidity
Crypto.com USDKraken USD+53.32%0.1461%+27.80%4h / 1h$94K
Coinbase USDCKraken USD+42.85%0.1174%+31.76%1h matched$0
Deribit USDCKraken USD+29.65%0.0812%+13.28%8h / 1h$378K
Aster USDTKraken USD+28.83%0.0790%+10.54%8h / 1h$325K
Bitget USDTKraken USD+28.83%0.0790%+11.99%8h / 1h$378K
Bybit USDTKraken USD+28.83%0.0790%+7.41%8h / 1h$378K
Gate USDTKraken USD+28.83%0.0790%+17.15%8h / 1h$378K
HTX USDTKraken USD+28.83%0.0790%+17.75%8h / 1h$138K
KuCoin USDTKraken USD+28.83%0.0790%+16.26%8h / 1h$378K
LBank USDTKraken USD+28.83%0.0790%+9.79%8h / 1h$378K
MEXC USDTKraken USD+28.83%0.0790%+9.82%8h / 1h$378K
OKX USDTKraken USD+28.83%0.0790%+9.47%8h / 1h$378K

SK Hynix (Backpack Securities) project profile

Key facts
Total
22,446
Max supply
unlimited
Type
Token
Market cap rank
#1998
Tokenized AssetsSolana EcosystemTokenized StocksReal World Assets (RWA)Backpack Securities Ecosystem
Contract addresses
solanaSKHYhSjuRWHgikq8eRKbtBbpABgJSkd7ytQV14i9EQ3
About

SK Hynix (Backpack Securities) is a digital representation of private equity, specifically designed to bridge the gap between traditional financial markets and the on-chain ecosystem. Unlike synthetic derivatives or perpetual contracts that merely track price movements through oracles, SKHY represents a tangible claim on the underlying asset. The project is part of the emerging sector of Real World Assets (RWA), which focuses on digitizing physical or financial instruments to improve liquidity and accessibility.

Reference data from CoinGecko, independent of the rate data on this site. We do not verify or endorse what these links contain.

Funding rates for other coins

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