Funding arb · Price arb /

SKHY

RWAall SKHY markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0050%/8h= +5.5% APRpaid last 24h +0.015%

Price spread now: Polymarket Perps against Binance+0.077%46s7-day average −0.037% · you sell dearer than you buy

Net, funding: paid 7d − costs−$19as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$240.242% of the position

Long on Binance Short on Polymarket Perps

What this pair did over the last

the charts below follow

Funding, last 7 days+0.051%+$5 on $10k

Price spread, last 2 days (all we have)−0.127%−$13 · spread now +0.077%, 7d avg −0.037%

Together, before fees−0.076%−$8 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Polymarket Perps is 0.114% dearer against Binance than usual: you sell high and buy low: +$11 more if the spread goes back to its 7-day average of −0.037%. The two prices were read 46 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance SKHYUSDT	192.74	0	get 0.0000% / 8h	6h 40m	$210.3M	$385.1M	50x
Short	Polymarket Perps SKHY-USD	192.89	0.0050	get 0.0006% / 1h	40m 45s	$189K	$456K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket Perps against Binance. 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 BinancebpFee Polymarket PerpsbpOrdersPrice spread, now +0.077%Rate

Funding earned: $10.5
Price spread: +0.077% → −0.037%: $11.39
Slippage, 4 orders: −$6.21
Fee Binance: 5 bp × 2 orders: −$10
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: −$2.32
Costs to cover: 0.242%
Break-even: 8.5 days

Slippage from Binance: live order book, 3 min ago; Polymarket Perps: live order book, 27 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 Binance live order book, 3 min ago	0.26 bp	5.3 bp −$5	6.9 bp −$69	21.9 bp −$2,193	96.4 bp −$48.2K
Sell Polymarket Perps live order book, 27 min ago	2.85 bp	6.8 bp −$7	6.8 bp −$68	9.3 bp −$932	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
edgeX SKHYUSDC	−0.0332%	4h	192.69	−0.028%	$581K	$289K	10x	as long as short
Coinbase International SKHY-PERP-INTX	−0.0072%	1h	192.90	+0.082%	$45K	$874K	10x	as long as short
Aster SKHYUSDT	0.0000%	8h	192.91	+0.085%	$248K	$890K	50x	as long as short
Extended SKHY-USD	0.0000%	1h	192.87	+0.068%	$56K	$7K	10x	as long as short
Binance SKHYUSDTlong	0.0000%	8h	192.74	long leg	$210.3M	$385.1M	50x
Bybit SKHYUSDT	0.0000%	8h	192.75	+0.004%	$15.6M	$27.2M	100x	as long as short
OKX SKHY-USDT-SWAP	0.0000%	8h	192.74	−0.001%	$46.8M	$68.9M	50x	as long as short
Gate SKHY_USDT	0.0000%	8h	192.80	+0.030%	$25.8M	$18.8M	75x	as long as short
Variational Omni SKHY	0.0000%	8h	192.94	+0.100%	$1.6M	$2.2M	—	as long as short
GRVT SKHY_USDT_Perp	0.0000%	8h	192.90	+0.083%	$22K	$191K	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	193.24	+0.258%	$707	$6.6M	10x	as long as short
Deribit SKHY_USDC-PERPETUAL	0.0000%	1h	192.93	+0.097%	$48K	$270K	10x	as long as short
HTX SKHY-USDT	0.0000%	8h	192.90	+0.082%	$160K	$376K	50x	as long as short
Phemex SKHYUSDT	0.0000%	8h	192.96	+0.113%	$1.5M	$1.1M	10x	as long as short
QFEX SKHY-USD	+0.0002%	1h	192.94	+0.103%	$1.2M	$4.7M	10x	as long as short
Nado SKHY-PERP	+0.0015%	1h	192.98	+0.121%	$42K	$21K	10x	as long as short
Lighter SKHY	+0.0032%	1h	192.60	−0.074%	$1.0M	$680K	10x	as long as short
Lighter RH SKHY	+0.0032%	1h	192.64	−0.053%	$1.1M	$1.5M	10x	as long as short
Arcus SKHY-USD	+0.0040%	1h	192.86	+0.061%	$57K	$154K	10x	as long as short
Vest SKHY-USD-PERP	+0.0046%	1h	192.90	+0.082%	—	$12K	10x	as long as short
Popdex SKHYUSDT	+0.0048%	1h	193.01	+0.139%	$197K	$256K	20x	as long as short
tradeXYZ xyz:SKHY	+0.0050%	1h	192.70	−0.022%	$162.8M	$66.7M	10x	as long as short
Polymarket Perps SKHY-USDshort	+0.0050%	1h	192.89	+0.077%	$189K	$456K	10x
SoDEX SKHY-USD	+0.0050%	1h	192.86	+0.061%	$43K	$13K	10x	as long as short
Ondo Perps SKHY-USD.P	+0.0050%	1h	192.91	+0.087%	$533K	$1.8M	10x	as long as short
KuCoin SKHYUSDTM	+0.0100%	8h	192.91	+0.087%	$1.1M	$279K	20x	as long as short
Orderly PERP_SKHY_USDC_mythos	+0.0100%	8h	192.94	+0.103%	$2K	$4K	10x	as long as short
BloFin SKHY-USDT	+0.0120%	8h	193.08	+0.175%	$2.3M	$445K	50x	as long as short
Phoenix SKHY	+0.0331%	1h	193.14	+0.206%	$216K	$123K	10x	as long as short
Bitget SKHYUSDT	+0.0381%	8h	192.89	+0.077%	$25.5M	$26.4M	20x	as long as short
Kraken Futures PF_SKHYUSD	+0.0706%	1h	193.02	+0.145%	$51K	$17K	20x	as long as short