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Funding arb · Price arb /

SKHY

RWAall SKHY markets
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Alert: funding
Measured
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Alert: spread
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Funding you earn now, next payment 03:00 UTC−0.0050%/8h= −5.5% APRpaid last 24h −0.015%
Price spread now: GRVT against Polymarket Perps−0.092%7-day average +0.041% · you buy dearer than you sell
Net, funding: paid 7d − costs−$28as in the Funding arb table
Net, price: spread back to 7d avg − costs−$40as in the Price arb table
costs, in and out, $10k−$270.267% of the position
Long on Polymarket PerpsShort on GRVT
What this pair did over the last
the charts below follow
Funding, last 7 days−0.014%−$1 on $10k
Price spread, last 4 days (all we have)−0.248%−$25 · spread now −0.092%, 7d avg +0.041%
Together, before fees−0.262%+ Points / potential airdropGRVT: Active · farm board−$26 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and GRVT is 0.132% cheaper against Polymarket Perps than usual: you would sell low and buy high (−$13 if the spread goes back to its 7-day average of +0.041%). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongPolymarket Perps SKHY-USD193.160.0050pay 0.0006% / 1h5m 28s$189K$456K10x
ShortGRVT SKHY_USDT_Perp192.980get 0.0000% / 8h5h 05m$22K$198K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

GRVT 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
−$10.5
Price spread: −0.092% → +0.041%
−$13.22
Slippage, 4 orders
−$9.74
Fee Polymarket Perps: 4 bp × 2 orders
−$8
Fee GRVT: 4.5 bp × 2 orders
−$9
Net
−$50.45
Costs to cover
0.267%
Break-even
never at this rate
Slippage from Polymarket Perps: live order book, 57 min ago; GRVT: live order book, 57 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, 57 min ago2.85 bp7.8 bp −$87.9 bp −$7910.5 bp −$1,047doesn't fit
Sell GRVT live order book, 57 min ago1.30 bp6.3 bp −$611.2 bp −$112doesn't fitdoesn'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
edgeX SKHYUSDC−0.0964%4h193.03−0.068%$582K$291K10xas long as short
Coinbase International SKHY-PERP-INTX−0.0032%1h192.90−0.135%$45K$874K10xas long as short
Aster SKHYUSDT0.0000%8h193.15−0.007%$249K$889K50xas long as short
Extended SKHY-USD0.0000%1h193.21+0.027%$56K$7K10xas long as short
Binance SKHYUSDT0.0000%8h193.26+0.052%$205.5M$393.0M50xas long as short
Bybit SKHYUSDT0.0000%8h193.28+0.062%$15.8M$27.4M100xas long as short
OKX SKHY-USDT-SWAP0.0000%8h193.29+0.067%$46.7M$70.1M50xas long as short
Gate SKHY_USDT0.0000%8h193.21+0.026%$25.8M$19.1M75xas long as short
Variational Omni SKHY0.0000%8h193.16−0.001%$1.6M$1.2M—as long as short
GRVT SKHY_USDT_Perpshort0.0000%8h192.98−0.092%$22K$198K10x
Show all 31 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
SunX SKHY-USDT0.0000%8h193.50+0.176%$708$6.3M10xas long as short
HTX SKHY-USDT0.0000%8h193.05−0.057%$161K$368K50xas long as short
Phemex SKHYUSDT0.0000%8h193.20+0.021%$1.5M$1.1M10xas long as short
QFEX SKHY-USD+0.0004%1h193.22+0.031%$1.2M$4.3M10xas long as short
Deribit SKHY_USDC-PERPETUAL+0.0009%1h193.14−0.010%$49K$305K10xas long as short
Lighter SKHY+0.0032%1h193.15−0.005%$1.0M$696K10xas long as short
Lighter RH SKHY+0.0032%1h193.13−0.016%$1.1M$1.6M10xas long as short
Arcus SKHY-USD+0.0040%1h193.06−0.052%$57K$154K10xas long as short
Vest SKHY-USD-PERP+0.0046%1h193.20+0.021%—$12K10xas long as short
Popdex SKHYUSDT+0.0048%1h193.26+0.052%$201K$257K20xas long as short
tradeXYZ xyz:SKHY+0.0050%1h193.160.000%$161.6M$67.4M10xas long as short
Polymarket Perps SKHY-USDlong+0.0050%1h193.16long leg$189K$456K10x
SoDEX SKHY-USD+0.0050%1h193.11−0.026%$43K$13K10xas long as short
Ondo Perps SKHY-USD.P+0.0050%1h192.99−0.088%$567K$2.2M10xas long as short
KuCoin SKHYUSDTM+0.0100%8h193.12−0.021%$1.1M$296K20xas long as short
Orderly PERP_SKHY_USDC_mythos+0.0100%8h193.10−0.031%$2K$4K10xas long as short
BloFin SKHY-USDT+0.0120%8h193.06−0.052%$2.2M$437K50xas long as short
Nado SKHY-PERP+0.0169%1h193.21+0.026%$38K$26K10xas long as short
Bitget SKHYUSDT+0.0184%8h193.22+0.031%$25.4M$26.9M20xas long as short
Phoenix SKHY+0.0332%1h193.15−0.005%$216K$124K10xas long as short
Kraken Futures PF_SKHYUSD+0.0545%1h193.28+0.061%$51K$17K20xas long as short