Funding arb · Price arb /

SKHY

RWAall SKHY markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0104%/8h= −11.4% APRpaid last 24h +0.010%

Price spread now: Polymarket Perps against Aster−0.096%7-day average −0.020% · you buy dearer than you sell

Net, funding: paid 7d − costs−$21as in the Funding arb table

Net, price: spread back to 7d avg − costs−$34as in the Price arb table

costs, in and out, $10k−$270.268% of the position

Long on Aster Short on Polymarket Perps

What this pair did over the last

the charts below follow

Funding, last 7 days+0.054%+$5 on $10k

Price spread, last 4 days (all we have)+0.481%+$48 · spread now −0.096%, 7d avg −0.020%

Together, before fees+0.535%+ Points / potential airdropAster: Stage 5 · farm board+$53 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Polymarket Perps is 0.075% cheaper against Aster than usual: you would sell low and buy high (−$8 if the spread goes back to its 7-day average of −0.020%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.054%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster SKHYUSDT	186.51	0	get 0.0000% / 8h	22m 13s	$223K	$895K	50x
Short	Polymarket Perps SKHY-USD	186.33	−0.0104	pay 0.0013% / 1h	22m 13s	$180K	$486K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket Perps against Aster. 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 AsterbpFee Polymarket PerpsbpOrdersPrice spread, now −0.096%Rate

Funding earned: −$21.84
Price spread: −0.096% → −0.020%: −$7.55
Slippage, 4 orders: −$10.8
Fee Aster: 4 bp × 2 orders: −$8
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: −$56.19
Costs to cover: 0.268%
Break-even: never at this rate

Slippage from Aster: live order book, 16 min ago; Polymarket Perps: live order book, 15 min ago.

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 Aster live order book, 16 min ago	1.34 bp	7.7 bp −$8	19.9 bp −$199	doesn't fit	doesn't fit
Sell Polymarket Perps live order book, 15 min ago	2.14 bp	6.1 bp −$6	6.6 bp −$66	10.6 bp −$1,055	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
Bitget SKHYUSDT	−0.1263%	8h	186.63	+0.065%	$25.4M	$33.1M	20x	as long as short
edgeX SKHYUSDC	−0.0369%	4h	186.19	−0.170%	$561K	$290K	10x	as long as short
Deribit SKHY_USDC-PERPETUAL	−0.0286%	1h	186.43	−0.042%	$49K	$347K	10x	as long as short
Kraken Futures PF_SKHYUSD	−0.0266%	1h	186.50	−0.003%	$48K	$21K	20x	as long as short
tradeXYZ xyz:SKHY	−0.0190%	1h	186.43	−0.042%	$158.3M	$76.9M	10x	as long as short
Nado SKHY-PERP	−0.0158%	1h	186.48	−0.014%	$33K	$28K	10x	as long as short
Polymarket Perps SKHY-USDshort	−0.0104%	1h	186.33	−0.096%	$180K	$486K	10x
Popdex SKHYUSDT	−0.0096%	1h	186.39	−0.064%	$204K	$288K	20x	as long as short
Coinbase International SKHY-PERP-INTX	−0.0072%	1h	187.58	+0.574%	$68K	$803K	10x	as long as short
QFEX SKHY-USD	−0.0061%	1h	186.41	−0.053%	$1.2M	$4.3M	10x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin SKHYUSDTM	−0.0052%	8h	186.35	−0.085%	$1.1M	$335K	20x	as long as short
Lighter SKHY	−0.0032%	1h	186.37	−0.074%	$974K	$1.2M	10x	as long as short
Aster SKHYUSDTlong	0.0000%	8h	186.51	long leg	$223K	$895K	50x
Extended SKHY-USD	0.0000%	1h	186.38	−0.069%	$54K	$7K	10x	as long as short
Binance SKHYUSDT	0.0000%	8h	186.40	−0.058%	$200.4M	$450.9M	50x	as long as short
Bybit SKHYUSDT	0.0000%	8h	186.47	−0.021%	$16.6M	$29.4M	100x	as long as short
OKX SKHY-USDT-SWAP	0.0000%	8h	186.41	−0.053%	$44.6M	$79.7M	50x	as long as short
Gate SKHY_USDT	0.0000%	8h	186.42	−0.048%	$25.5M	$21.0M	75x	as long as short
Variational Omni SKHY	0.0000%	8h	186.20	−0.165%	$1.6M	$1.0M	—	as long as short
GRVT SKHY_USDT_Perp	0.0000%	8h	186.24	−0.144%	$22K	$236K	10x	as long as short
SunX SKHY-USDT	0.0000%	8h	186.59	+0.044%	$683	$6.1M	10x	as long as short
HTX SKHY-USDT	0.0000%	8h	186.32	−0.101%	$155K	$363K	50x	as long as short
Phemex SKHYUSDT	0.0000%	8h	186.43	−0.042%	$1.5M	$1.1M	10x	as long as short
Ondo Perps SKHY-USD.P	+0.0026%	1h	186.11	−0.214%	$520K	$2.6M	10x	as long as short
Lighter RH SKHY	+0.0032%	1h	186.36	−0.080%	$1.1M	$1.5M	10x	as long as short
Arcus SKHY-USD	+0.0040%	1h	186.26	−0.133%	$60K	$171K	10x	as long as short
Vest SKHY-USD-PERP	+0.0046%	1h	186.38	−0.069%	—	$32K	10x	as long as short
SoDEX SKHY-USD	+0.0050%	1h	186.38	−0.069%	$41K	$12K	10x	as long as short
Orderly PERP_SKHY_USDC_mythos	+0.0100%	8h	186.40	−0.058%	$2K	$4K	10x	as long as short
BloFin SKHY-USDT	+0.0120%	8h	186.29	−0.117%	$2.2M	$426K	50x	as long as short
Phoenix SKHY	+0.0129%	1h	186.70	+0.102%	$209K	$123K	10x	as long as short