Settings8H · net · $10k
Funding arb · Price arb /

SKHY

RWAall SKHY markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC+0.0261%/8h= +28.5% APRpaid last 24h +0.026%
Price spread now: BloFin against Polymarket Perps+0.070%7-day average +0.047% · you sell dearer than you buy
Net, funding: paid 7d − costs−$7as in the Funding arb table
Net, price: spread back to 7d avg − costs−$24as in the Price arb table
costs, in and out, $10k−$270.267% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.196%+$20 on $10k
Price spread, last 4 days (all we have)−0.068%−$7 · spread now +0.070%, 7d avg +0.047%
Together, before fees+0.128%+$13 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$8 a day on $10k at the current rate, and BloFin is 0.023% dearer against Polymarket Perps than usual: you sell high and buy low: +$2 more if the spread goes back to its 7-day average of +0.047%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongPolymarket Perps SKHY-USD186.48−0.0141get 0.0018% / 1h35m 10s$180K$487K10x
ShortBloFin SKHY-USDT186.610.0120get 0.0120% / 8h35m 10s$2.2M$426K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

BloFin 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 it
latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
$54.73
Price spread: +0.070% → +0.047%
$2.32
Slippage, 4 orders
−$6.68
Fee Polymarket Perps: 4 bp × 2 orders
−$8
Fee BloFin: 6 bp × 2 orders
−$12
Net
$30.37
Costs to cover
0.267%
Break-even
3.1 days
Slippage from Polymarket Perps: live order book, 2 min ago; BloFin: live order book, 3 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Polymarket Perps live order book, 2 min ago2.14 bp6.1 bp −$67.4 bp −$7410.4 bp −$1,045doesn't fit
Sell BloFin live order book, 3 min ago1.07 bp7.1 bp −$79.2 bp −$9220.9 bp −$2,085doesn't fit

SKHY on 31 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bitget SKHYUSDT−0.1281%8h186.85+0.198%$25.4M$33.1M20xas long as short
edgeX SKHYUSDC−0.0749%4h186.53+0.029%$562K$291K10xas long as short
Kraken Futures PF_SKHYUSD−0.0266%1h186.65+0.089%$48K$21K20xas long as short
Deribit SKHY_USDC-PERPETUAL−0.0232%1h186.62+0.075%$49K$347K10xas long as short
tradeXYZ xyz:SKHY−0.0231%1h186.64+0.086%$158.5M$76.9M10xas long as short
Nado SKHY-PERP−0.0185%1h186.74+0.141%$33K$28K10xas long as short
Popdex SKHYUSDT−0.0152%1h186.57+0.048%$204K$289K20xas long as short
Polymarket Perps SKHY-USDlong−0.0141%1h186.48long leg$180K$487K10x
Coinbase International SKHY-PERP-INTX−0.0072%1h187.58+0.590%$68K$905K10xas long as short
QFEX SKHY-USD−0.0061%1h186.57+0.048%$1.2M$4.3M10xas long as short
Show all 31 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
KuCoin SKHYUSDTM−0.0034%8h186.55+0.038%$1.1M$328K20xas long as short
Lighter SKHY−0.0024%1h186.56+0.043%$975K$1.2M10xas long as short
Aster SKHYUSDT0.0000%8h186.72+0.129%$223K$925K50xas long as short
Extended SKHY-USD0.0000%1h186.54+0.034%$54K$7K10xas long as short
Binance SKHYUSDT0.0000%8h186.64+0.086%$200.7M$450.5M50xas long as short
Bybit SKHYUSDT0.0000%8h186.61+0.070%$16.7M$29.4M100xas long as short
OKX SKHY-USDT-SWAP0.0000%8h186.65+0.091%$44.7M$79.7M50xas long as short
Gate SKHY_USDT0.0000%8h186.64+0.086%$25.6M$21.0M75xas long as short
Variational Omni SKHY0.0000%8h186.58+0.053%$1.6M$1.0Mas long as short
GRVT SKHY_USDT_Perp0.0000%8h186.65+0.091%$22K$233K10xas long as short
SunX SKHY-USDT0.0000%8h186.87+0.209%$684$6.1M10xas long as short
HTX SKHY-USDT0.0000%8h186.56+0.043%$155K$363K50xas long as short
Phemex SKHYUSDT0.0000%8h186.62+0.075%$1.5M$1.1M10xas long as short
Ondo Perps SKHY-USD.P+0.0015%1h186.41−0.038%$521K$2.6M10xas long as short
Lighter RH SKHY+0.0032%1h186.59+0.059%$1.1M$1.5M10xas long as short
Arcus SKHY-USD+0.0040%1h186.59+0.059%$60K$171K10xas long as short
Vest SKHY-USD-PERP+0.0046%1h186.60+0.064%$32K10xas long as short
SoDEX SKHY-USD+0.0050%1h186.61+0.070%$41K$12K10xas long as short
Orderly PERP_SKHY_USDC_mythos+0.0100%8h186.57+0.048%$2K$4K10xas long as short
BloFin SKHY-USDTshort+0.0120%8h186.61+0.070%$2.2M$426K50x
Phoenix SKHY+0.0129%1h186.78+0.161%$209K$123K10xas long as short