Funding arb · Price arb /

SKHY

RWAall SKHY markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0110%/8h= −12.0% APRpaid last 24h +0.015%

Price spread now: Polymarket Perps against Bitget−0.047%7-day average −0.083% · you buy dearer than you sell

Net, funding: paid 7d − costs−$33as in the Funding arb table

Net, price: spread back to 7d avg − costs−$28as in the Price arb table

costs, in and out, $10k−$320.321% of the position

Long on Bitget Short on Polymarket Perps

What this pair did over the last

the charts below follow

Funding, last 7 days−0.005%$0 on $10k

Price spread, last 7 days−0.088%−$9 · spread now −0.047%, 7d avg −0.083%

Together, before fees−0.092%−$9 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Polymarket Perps is 0.037% dearer against Bitget than usual: you sell high and buy low (spread −0.047% now, against its 7-day average of −0.083%): +$4 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 27 hours. At the pace of the last 7 days (−0.005% in total) that is about 56 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget SKHYUSDT	193.41	0.0160	pay 0.0160% / 8h	4h 21m	$25.3M	$26.9M	20x
Short	Polymarket Perps SKHY-USD	193.32	0.0050	get 0.0006% / 1h	21m 12s	$189K	$456K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket Perps against Bitget. 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 BitgetbpFee Polymarket PerpsbpOrdersPrice spread, now −0.047%Rate

Funding earned: −$23.1
Price spread: −0.047% → −0.083%: $3.67
Slippage, 4 orders: −$12.1
Fee Bitget: 6 bp × 2 orders: −$12
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: −$51.53
Costs to cover: 0.321%
Break-even: never at this rate

Slippage from Bitget: live order book, 3 min ago; Polymarket Perps: live order book, 36 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 Bitget live order book, 3 min ago	0.26 bp	8.3 bp −$8	15.1 bp −$151	20.2 bp −$2,018	36.0 bp −$18.0K
Sell Polymarket Perps live order book, 36 min ago	3.37 bp	7.4 bp −$7	7.4 bp −$74	10.9 bp −$1,092	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	193.24	−0.085%	$583K	$290K	10x	as long as short
Coinbase International SKHY-PERP-INTX	−0.0048%	1h	192.84	−0.295%	$45K	$861K	10x	as long as short
Aster SKHYUSDT	0.0000%	8h	193.36	−0.028%	$249K	$889K	50x	as long as short
Extended SKHY-USD	0.0000%	1h	193.33	−0.042%	$56K	$7K	10x	as long as short
Binance SKHYUSDT	0.0000%	8h	193.41	−0.001%	$204.7M	$393.4M	50x	as long as short
Bybit SKHYUSDT	0.0000%	8h	193.37	−0.021%	$15.8M	$27.6M	100x	as long as short
OKX SKHY-USDT-SWAP	0.0000%	8h	193.35	−0.031%	$46.9M	$70.2M	50x	as long as short
Gate SKHY_USDT	0.0000%	8h	193.35	−0.031%	$25.9M	$18.9M	75x	as long as short
Variational Omni SKHY	0.0000%	8h	193.10	−0.161%	$1.6M	$1.1M	—	as long as short
GRVT SKHY_USDT_Perp	0.0000%	8h	193.30	−0.056%	$22K	$203K	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	193.71	+0.155%	$709	$6.2M	10x	as long as short
HTX SKHY-USDT	0.0000%	8h	193.26	−0.078%	$161K	$370K	50x	as long as short
Phemex SKHYUSDT	0.0000%	8h	193.41	0.000%	$1.5M	$1.1M	10x	as long as short
QFEX SKHY-USD	+0.0015%	1h	193.38	−0.016%	$1.2M	$4.0M	10x	as long as short
Lighter SKHY	+0.0032%	1h	193.25	−0.083%	$1.0M	$688K	10x	as long as short
Lighter RH SKHY	+0.0032%	1h	193.24	−0.088%	$1.1M	$1.6M	10x	as long as short
Arcus SKHY-USD	+0.0040%	1h	193.23	−0.093%	$60K	$161K	10x	as long as short
Vest SKHY-USD-PERP	+0.0046%	1h	193.33	−0.041%	—	$12K	10x	as long as short
Popdex SKHYUSDT	+0.0048%	1h	193.42	+0.005%	$202K	$256K	20x	as long as short
tradeXYZ xyz:SKHY	+0.0050%	1h	193.26	−0.078%	$161.6M	$67.8M	10x	as long as short
Polymarket Perps SKHY-USDshort	+0.0050%	1h	193.32	−0.047%	$189K	$456K	10x
SoDEX SKHY-USD	+0.0050%	1h	193.34	−0.036%	$43K	$13K	10x	as long as short
Ondo Perps SKHY-USD.P	+0.0050%	1h	193.26	−0.078%	$599K	$2.4M	10x	as long as short
KuCoin SKHYUSDTM	+0.0100%	8h	193.32	−0.047%	$1.1M	$312K	20x	as long as short
Orderly PERP_SKHY_USDC_mythos	+0.0100%	8h	193.37	−0.021%	$2K	$4K	10x	as long as short
BloFin SKHY-USDT	+0.0120%	8h	193.41	0.000%	$2.2M	$438K	50x	as long as short
Nado SKHY-PERP	+0.0147%	1h	193.33	−0.044%	$38K	$26K	10x	as long as short
Bitget SKHYUSDTlong	+0.0160%	8h	193.41	long leg	$25.3M	$26.9M	20x
Phoenix SKHY	+0.0372%	1h	193.52	+0.057%	$217K	$124K	10x	as long as short
Deribit SKHY_USDC-PERPETUAL	+0.0423%	1h	193.39	−0.010%	$49K	$321K	10x	as long as short
Kraken Futures PF_SKHYUSD	+0.1056%	1h	193.40	−0.006%	$49K	$19K	20x	as long as short