Funding you earn now, next payment 04:00 UTC−0.0050%/8h= −5.5% APRpaid last 24h −0.015%
Price spread now: Binance against Polymarket Perps−0.008%46s7-day average +0.085% · you buy dearer than you sell
Net, funding: paid 7d − costs−$31as 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−$260.260% of the position
Funding, last 7 days−0.051%−$5 on $10k
+Price spread, last 7 days+0.161%+$16 · spread now −0.008%, 7d avg +0.085%
=Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Binance is 0.093% cheaper against Polymarket Perps than usual: you would sell low and buy high (−$9 if the spread goes back to its 7-day average of +0.085%). Swap the legs. 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 | Polymarket Perps SKHY-USD | 193.14 | 0.0050 | pay 0.0006% / 1h | 18m 50s | $189K | $456K | 10x |
| Short | Binance SKHYUSDT | 193.12 | 0 | get 0.0000% / 8h | 4h 18m | $204.4M | $393.7M | 50x |
Polymarket Perps SKHY-USD
Binance SKHYUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against Polymarket Perps. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$10.5
- Price spread: −0.008% → +0.085%
- −$9.29
- Slippage, 4 orders
- −$8.01
- Fee Polymarket Perps: 4 bp × 2 orders
- −$8
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$45.8
- Costs to cover
- 0.260%
- Break-even
- never at this rate
Slippage from Polymarket Perps: live order book, 39 min ago; Binance: live order book, 10 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 Polymarket Perps live order book, 39 min ago | 3.37 bp | 7.9 bp −$8 | 7.9 bp −$79 | 10.8 bp −$1,080 | doesn't fit |
| Sell Binance live order book, 10 min ago | 0.26 bp | 5.3 bp −$5 | 6.4 bp −$64 | 20.4 bp −$2,044 | 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 | +0.054% | $583K | $290K | 10x | as long as short |
| Coinbase International SKHY-PERP-INTX | −0.0048% | 1h | 192.84 | −0.155% | $45K | $861K | 10x | as long as short |
| Aster SKHYUSDT | 0.0000% | 8h | 193.16 | +0.010% | $249K | $889K | 50x | as long as short |
| Extended SKHY-USD | 0.0000% | 1h | 193.11 | −0.017% | $56K | $7K | 10x | as long as short |
| Binance SKHYUSDTshort | 0.0000% | 8h | 193.12 | −0.008% | $204.4M | $393.7M | 50x | |
| Bybit SKHYUSDT | 0.0000% | 8h | 193.12 | −0.010% | $15.7M | $27.6M | 100x | as long as short |
| OKX SKHY-USDT-SWAP | 0.0000% | 8h | 193.08 | −0.031% | $46.8M | $70.1M | 50x | as long as short |
| Gate SKHY_USDT | 0.0000% | 8h | 193.10 | −0.021% | $25.8M | $18.9M | 75x | as long as short |
| Variational Omni SKHY | 0.0000% | 8h | 193.39 | +0.129% | $1.6M | $1.1M | — | as long as short |
| GRVT SKHY_USDT_Perp | 0.0000% | 8h | 193.30 | +0.084% | $22K | $203K | 10x | as long as short |
edgeX SKHYUSDC
Coinbase International SKHY-PERP-INTX
Aster SKHYUSDT
Extended SKHY-USD
Bybit SKHYUSDT
OKX SKHY-USDT-SWAP
Gate SKHY_USDT
Variational Omni SKHY
GRVT SKHY_USDT_PerpShow all 31 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| SunX SKHY-USDT | 0.0000% | 8h | 193.46 | +0.166% | $708 | $6.2M | 10x | as long as short |
| HTX SKHY-USDT | 0.0000% | 8h | 193.14 | 0.000% | $161K | $369K | 50x | as long as short |
| Phemex SKHYUSDT | 0.0000% | 8h | 193.17 | +0.016% | $1.5M | $1.1M | 10x | as long as short |
| QFEX SKHY-USD | +0.0015% | 1h | 193.18 | +0.021% | $1.2M | $4.0M | 10x | as long as short |
| Lighter SKHY | +0.0032% | 1h | 193.03 | −0.057% | $1.0M | $688K | 10x | as long as short |
| Lighter RH SKHY | +0.0032% | 1h | 192.99 | −0.078% | $1.1M | $1.6M | 10x | as long as short |
| Arcus SKHY-USD | +0.0040% | 1h | 193.29 | +0.078% | $60K | $161K | 10x | as long as short |
| Vest SKHY-USD-PERP | +0.0046% | 1h | 193.21 | +0.036% | — | $12K | 10x | as long as short |
| Popdex SKHYUSDT | +0.0048% | 1h | 193.23 | +0.047% | $202K | $256K | 20x | as long as short |
| tradeXYZ xyz:SKHY | +0.0050% | 1h | 193.04 | −0.052% | $161.4M | $67.8M | 10x | as long as short |
| Polymarket Perps SKHY-USDlong | +0.0050% | 1h | 193.14 | long leg | $189K | $456K | 10x | |
| SoDEX SKHY-USD | +0.0050% | 1h | 193.18 | +0.021% | $43K | $13K | 10x | as long as short |
| Ondo Perps SKHY-USD.P | +0.0050% | 1h | 193.26 | +0.062% | $599K | $2.4M | 10x | as long as short |
| KuCoin SKHYUSDTM | +0.0100% | 8h | 193.18 | +0.021% | $1.1M | $313K | 20x | as long as short |
| Orderly PERP_SKHY_USDC_mythos | +0.0100% | 8h | 193.20 | +0.031% | $2K | $4K | 10x | as long as short |
| BloFin SKHY-USDT | +0.0120% | 8h | 193.18 | +0.021% | $2.2M | $438K | 50x | as long as short |
| Nado SKHY-PERP | +0.0150% | 1h | 193.23 | +0.047% | $38K | $26K | 10x | as long as short |
| Bitget SKHYUSDT | +0.0165% | 8h | 193.18 | +0.021% | $25.3M | $26.9M | 20x | as long as short |
| Deribit SKHY_USDC-PERPETUAL | +0.0216% | 1h | 193.23 | +0.047% | $49K | $321K | 10x | as long as short |
| Phoenix SKHY | +0.0372% | 1h | 193.52 | +0.197% | $217K | $124K | 10x | as long as short |
| Kraken Futures PF_SKHYUSD | +0.1057% | 1h | 193.23 | +0.048% | $49K | $19K | 20x | as long as short |
SunX SKHY-USDT
HTX SKHY-USDT
Phemex SKHYUSDT
QFEX SKHY-USD
Lighter SKHY
Lighter RH SKHY
Arcus SKHY-USD
Vest SKHY-USD-PERP
Popdex SKHYUSDT
tradeXYZ xyz:SKHY
SoDEX SKHY-USD
Ondo Perps SKHY-USD.P
KuCoin SKHYUSDTM
Orderly PERP_SKHY_USDC_mythos
BloFin SKHY-USDT
Nado SKHY-PERP
Bitget SKHYUSDT
Deribit SKHY_USDC-PERPETUAL
Phoenix SKHY
Kraken Futures PF_SKHYUSD