SKHY

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0078%/8h= −8.5% APRnext payment −$0.10 per $10,000 · paid last 24h −0.013%

Price spread now: Polymarket Perps against Coinbase International−0.063%47s7-day average −0.157% · you buy dearer than you sell

Net, funding: paid 7d − costs−$23as 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−$350.355% of the position

Long on Coinbase International Short on Polymarket Perps

What this pair did over the last

the charts below follow

Funding, last 7 days+0.123%+$12 on $10k

Price spread, last 3 days (all we have)+0.080%+$8 · spread now −0.063%, 7d avg −0.157%

Together, before fees+0.203%+$20 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Polymarket Perps is 0.094% dearer against Coinbase International than usual: you sell high and buy low (spread −0.063% now, against its 7-day average of −0.157%): +$9 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 4.0 days. Mind the row above: over the last 7 days funding on this pair paid +0.123%, so the current rate has only just turned against you. The two prices were read 47 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	Coinbase International SKHY-PERP-INTX	189.72	0.0128	pay 0.0016% / 1h	19m 35s	$169K	$687K	10x
Short	Polymarket Perps SKHY-USD	189.60	0.0050	get 0.0006% / 1h	19m 35s	$170K	$952K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket Perps against Coinbase International. 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 Coinbase InternationalbpFee Polymarket PerpsbpOrdersPrice spread, now −0.063%Rate

Funding earned: −$16.38
Price spread: −0.063% → −0.157%: $9.37
Slippage, 4 orders: −$17.48
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: −$42.49
Costs to cover: 0.355%
Break-even: never at this rate

Slippage from Coinbase International: live order book, 59 min ago; Polymarket Perps: live order book, 58 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 Coinbase International live order book, 59 min ago	6.88 bp	11.9 bp −$12	14.9 bp −$149	doesn't fit	doesn't fit
Sell Polymarket Perps live order book, 58 min ago	1.32 bp	6.4 bp −$6	6.4 bp −$64	9.9 bp −$986	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	−0.0782%	4h	189.50	−0.117%	$571K	$289K	10x	as long as short
Nado SKHY-PERP	−0.0046%	1h	189.61	−0.060%	$28K	$2K	10x	as long as short
QFEX SKHY-USD	0.0000%	1h	189.60	−0.063%	$1.2M	$5.3M	10x	as long as short
Aster SKHYUSDT	0.0000%	8h	189.58	−0.073%	$252K	$903K	50x	as long as short
Extended SKHY-USD	0.0000%	1h	189.58	−0.073%	$55K	$4K	10x	as long as short
Binance SKHYUSDT	0.0000%	8h	189.64	−0.043%	$212.1M	$377.9M	50x	as long as short
Bybit SKHYUSDT	0.0000%	8h	189.70	−0.011%	$15.7M	$27.0M	100x	as long as short
OKX SKHY-USDT-SWAP	0.0000%	8h	189.69	−0.016%	$47.1M	$61.3M	50x	as long as short
Gate SKHY_USDT	0.0000%	8h	189.60	−0.063%	$26.1M	$17.8M	75x	as long as short
Bitget SKHYUSDT	0.0000%	8h	189.68	−0.021%	$25.4M	$25.7M	20x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni SKHY	0.0000%	8h	189.53	−0.100%	$1.6M	$2.6M	—	as long as short
GRVT SKHY_USDT_Perp	0.0000%	8h	189.54	−0.095%	$22K	$208K	10x	as long as short
SunX SKHY-USDT	0.0000%	8h	189.86	+0.074%	$695	$7.2M	10x	as long as short
HTX SKHY-USDT	0.0000%	8h	189.56	−0.084%	$155K	$401K	50x	as long as short
Phemex SKHYUSDT	0.0000%	8h	189.60	−0.063%	$1.5M	$1.1M	10x	as long as short
KuCoin SKHYUSDTM	+0.0011%	8h	189.51	−0.111%	$1.1M	$283K	20x	as long as short
Deribit SKHY_USDC-PERPETUAL	+0.0014%	1h	189.64	−0.042%	$46K	$254K	10x	as long as short
Lighter SKHY	+0.0032%	1h	189.52	−0.105%	$1.0M	$689K	10x	as long as short
Lighter RH SKHY	+0.0032%	1h	189.51	−0.111%	$1.1M	$1.4M	10x	as long as short
Arcus SKHY-USD	+0.0040%	1h	189.63	−0.047%	$56K	$156K	10x	as long as short
Vest SKHY-USD-PERP	+0.0046%	1h	189.60	−0.063%	—	$12K	10x	as long as short
Popdex SKHYUSDT	+0.0048%	1h	189.63	−0.047%	$202K	$241K	20x	as long as short
tradeXYZ xyz:SKHY	+0.0050%	1h	189.62	−0.053%	$164.6M	$65.2M	10x	as long as short
Polymarket Perps SKHY-USDshort	+0.0050%	1h	189.60	−0.063%	$170K	$952K	10x
SoDEX SKHY-USD	+0.0050%	1h	189.59	−0.069%	$42K	$13K	10x	as long as short
Ondo Perps SKHY-USD.P	+0.0050%	1h	189.52	−0.105%	$557K	$1.2M	10x	as long as short
Orderly PERP_SKHY_USDC_mythos	+0.0100%	8h	189.59	−0.069%	$2K	$4K	10x	as long as short
BloFin SKHY-USDT	+0.0120%	8h	189.60	−0.063%	$2.2M	$415K	50x	as long as short
Coinbase International SKHY-PERP-INTXlong	+0.0128%	1h	189.72	long leg	$169K	$687K	10x
Phoenix SKHY	+0.0380%	1h	189.74	+0.011%	$214K	$128K	10x	as long as short
Kraken Futures PF_SKHYUSD	+0.0950%	1h	189.70	−0.010%	$50K	$24K	20x	as long as short