SKHY

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0165%/8h= +18.0% APRnext payment +$0.21 per $10,000 · paid last 24h −0.021%

Price spread now: Deribit against Polymarket Perps+0.134%48s7-day average +0.059% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

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

costs, in and out, $10k−$430.431% of the position

Long on Polymarket Perps Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.028%−$3 on $10k

Price spread, last 4 days (all we have)−0.135%−$14 · spread now +0.134%, 7d avg +0.059%

Together, before fees−0.163%−$16 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$5 a day on $10k at the current rate, and Deribit is 0.075% dearer against Polymarket Perps than usual: you sell high and buy low: +$8 more if the spread goes back to its 7-day average of +0.059%. The two prices were read 48 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	186.04	−0.0165	get 0.0021% / 1h	0m 31s	$180K	$487K	10x
Short	Deribit SKHY_USDC-PERPETUAL	186.29	0	get 0.0000% / 1h	0m 31s	$49K	$345K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit 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

Position, each leg$Hold fordaysFee Polymarket PerpsbpFee DeribitbpOrdersPrice spread, now +0.134%Rate

Funding earned: $34.57
Price spread: +0.134% → +0.059%: $7.53
Slippage, 4 orders: −$28.15
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$1.05
Costs to cover: 0.431%
Break-even: 7.2 days

Slippage from Polymarket Perps: live order book, 42 min ago; Deribit: live order book, 43 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, 42 min ago	2.41 bp	6.4 bp −$6	8.1 bp −$81	12.0 bp −$1,198	doesn't fit
Sell Deribit live order book, 43 min ago	6.16 bp	14.8 bp −$15	17.7 bp −$177	doesn't fit	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
Bitget SKHYUSDT	−0.1331%	8h	186.41	+0.199%	$25.2M	$32.6M	20x	as long as short
Popdex SKHYUSDT	−0.0208%	1h	186.12	+0.043%	$203K	$284K	20x	as long as short
tradeXYZ xyz:SKHY	−0.0199%	1h	186.09	+0.027%	$158.2M	$76.4M	10x	as long as short
edgeX SKHYUSDC	−0.0197%	4h	186.21	+0.091%	$561K	$291K	10x	as long as short
Nado SKHY-PERP	−0.0196%	1h	186.25	+0.111%	$33K	$28K	10x	as long as short
Polymarket Perps SKHY-USDlong	−0.0165%	1h	186.04	long leg	$180K	$487K	10x
Kraken Futures PF_SKHYUSD	−0.0139%	1h	186.35	+0.168%	$48K	$21K	20x	as long as short
Lighter SKHY	−0.0104%	1h	186.03	−0.005%	$973K	$1.2M	10x	as long as short
Coinbase International SKHY-PERP-INTX	−0.0104%	1h	187.58	+0.828%	$68K	$905K	10x	as long as short
Ondo Perps SKHY-USD.P	−0.0074%	1h	186.13	+0.048%	$520K	$2.6M	10x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
QFEX SKHY-USD	−0.0049%	1h	186.13	+0.048%	$1.2M	$4.2M	10x	as long as short
Aster SKHYUSDT	0.0000%	8h	186.24	+0.106%	$223K	$925K	50x	as long as short
Extended SKHY-USD	0.0000%	1h	186.05	+0.003%	$54K	$7K	10x	as long as short
Binance SKHYUSDT	0.0000%	8h	186.12	+0.043%	$199.8M	$448.0M	50x	as long as short
Bybit SKHYUSDT	0.0000%	8h	186.16	+0.065%	$16.5M	$29.6M	100x	as long as short
OKX SKHY-USDT-SWAP	0.0000%	8h	186.13	+0.048%	$44.5M	$78.4M	50x	as long as short
Gate SKHY_USDT	0.0000%	8h	186.16	+0.065%	$25.6M	$20.9M	75x	as long as short
Variational Omni SKHY	0.0000%	8h	186.16	+0.066%	$1.6M	$1.0M	—	as long as short
GRVT SKHY_USDT_Perp	0.0000%	8h	186.15	+0.059%	$22K	$231K	10x	as long as short
SunX SKHY-USDT	0.0000%	8h	186.51	+0.253%	$683	$6.1M	10x	as long as short
Deribit SKHY_USDC-PERPETUALshort	0.0000%	1h	186.29	+0.134%	$49K	$345K	10x
HTX SKHY-USDT	0.0000%	8h	186.12	+0.043%	$154K	$366K	50x	as long as short
Phemex SKHYUSDT	0.0000%	8h	186.27	+0.124%	$1.5M	$1.1M	10x	as long as short
KuCoin SKHYUSDTM	+0.0011%	8h	186.22	+0.097%	$1.1M	$325K	20x	as long as short
Lighter RH SKHY	+0.0032%	1h	186.01	−0.016%	$1.1M	$1.7M	10x	as long as short
Arcus SKHY-USD	+0.0040%	1h	186.24	+0.108%	$60K	$170K	10x	as long as short
Vest SKHY-USD-PERP	+0.0046%	1h	186.17	+0.070%	—	$32K	10x	as long as short
SoDEX SKHY-USD	+0.0050%	1h	186.18	+0.075%	$41K	$12K	10x	as long as short
Orderly PERP_SKHY_USDC_mythos	+0.0100%	8h	186.24	+0.108%	$2K	$4K	10x	as long as short
BloFin SKHY-USDT	+0.0120%	8h	186.19	+0.081%	$2.2M	$422K	50x	as long as short
Phoenix SKHY	+0.0213%	1h	186.34	+0.161%	$209K	$115K	10x	as long as short