Funding arb · Price arb /

SKHY

RWAall SKHY markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0163%/8h= +17.8% APRpaid last 24h −0.008%

Price spread now: KuCoin against Polymarket Perps+0.064%7-day average +0.058% · you sell dearer than you buy

Net, funding: paid 7d − costs−$92as in the Funding arb table

Net, price: spread back to 7d avg − costs−$83as in the Price arb table

costs, in and out, $10k−$840.840% of the position

Long on Polymarket Perps Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.081%−$8 on $10k

Price spread, last 7 days+0.083%+$8 · spread now +0.064%, 7d avg +0.058%

Together, before fees+0.002%$0 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.058%, so right now this pair is about funding alone: +$5 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair cost −0.081%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Polymarket Perps SKHY-USD	186.81	−0.0063	get 0.0008% / 1h	24m 05s	$181K	$487K	10x
Short	KuCoin SKHYUSDTM	186.93	0.0100	get 0.0100% / 8h	2h 24m	$1.1M	$320K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now +0.064%Rate

Funding earned: $34.22
Price spread: +0.064% → +0.058%: $0.58
Slippage, 4 orders: −$64.01
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$49.21
Costs to cover: 0.840%
Break-even: 17.1 days

Slippage from Polymarket Perps: live order book, 23 min ago; KuCoin: live order book, 1 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, 23 min ago	2.12 bp	7.7 bp −$8	8.6 bp −$86	12.2 bp −$1,217	doesn't fit
Sell KuCoin live order book, 1 min ago	1.61 bp	35.2 bp −$35	doesn't fit	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	−0.1104%	8h	187.22	+0.219%	$24.8M	$30.7M	20x	as long as short
edgeX SKHYUSDC	−0.0321%	4h	186.14	−0.358%	$561K	$290K	10x	as long as short
Deribit SKHY_USDC-PERPETUAL	−0.0124%	1h	187.06	+0.134%	$48K	$335K	10x	as long as short
Nado SKHY-PERP	−0.0114%	1h	187.04	+0.124%	$33K	$28K	10x	as long as short
tradeXYZ xyz:SKHY	−0.0086%	1h	186.99	+0.096%	$158.1M	$73.2M	10x	as long as short
Polymarket Perps SKHY-USDlong	−0.0063%	1h	186.81	long leg	$181K	$487K	10x
Coinbase International SKHY-PERP-INTX	−0.0024%	1h	186.71	−0.054%	$47K	$875K	10x	as long as short
QFEX SKHY-USD	−0.0014%	1h	186.85	+0.021%	$1.2M	$4.1M	10x	as long as short
Lighter SKHY	0.0000%	1h	187.07	+0.139%	$911K	$988K	10x	as long as short
Aster SKHYUSDT	0.0000%	8h	186.96	+0.080%	$228K	$913K	50x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended SKHY-USD	0.0000%	1h	186.98	+0.092%	$54K	$7K	10x	as long as short
Binance SKHYUSDT	0.0000%	8h	187.03	+0.120%	$199.2M	$428.3M	50x	as long as short
Bybit SKHYUSDT	0.0000%	8h	187.14	+0.177%	$15.8M	$30.0M	100x	as long as short
OKX SKHY-USDT-SWAP	0.0000%	8h	187.14	+0.177%	$44.4M	$75.9M	50x	as long as short
Gate SKHY_USDT	0.0000%	8h	186.97	+0.086%	$25.2M	$20.5M	75x	as long as short
Variational Omni SKHY	0.0000%	8h	186.47	−0.180%	$1.6M	$1.0M	—	as long as short
GRVT SKHY_USDT_Perp	0.0000%	8h	186.54	−0.145%	$22K	$220K	10x	as long as short
SunX SKHY-USDT	0.0000%	8h	187.31	+0.268%	$686	$6.2M	10x	as long as short
HTX SKHY-USDT	0.0000%	8h	186.91	+0.054%	$155K	$371K	50x	as long as short
Phemex SKHYUSDT	0.0000%	8h	187.04	+0.123%	$1.5M	$1.1M	10x	as long as short
Ondo Perps SKHY-USD.P	+0.0028%	1h	186.72	−0.048%	$514K	$2.6M	10x	as long as short
Lighter RH SKHY	+0.0032%	1h	186.98	+0.091%	$1.0M	$1.6M	10x	as long as short
Arcus SKHY-USD	+0.0040%	1h	186.54	−0.145%	$58K	$164K	10x	as long as short
Vest SKHY-USD-PERP	+0.0046%	1h	186.95	+0.075%	—	$12K	10x	as long as short
Popdex SKHYUSDT	+0.0048%	1h	186.85	+0.021%	$194K	$272K	20x	as long as short
SoDEX SKHY-USD	+0.0050%	1h	186.78	−0.016%	$41K	$13K	10x	as long as short
KuCoin SKHYUSDTMshort	+0.0100%	8h	186.93	+0.064%	$1.1M	$320K	20x
Orderly PERP_SKHY_USDC_mythos	+0.0100%	8h	186.90	+0.048%	$2K	$4K	10x	as long as short
BloFin SKHY-USDT	+0.0120%	8h	186.69	−0.064%	$2.1M	$410K	50x	as long as short
Phoenix SKHY	+0.0254%	1h	187.06	+0.134%	$210K	$124K	10x	as long as short
Kraken Futures PF_SKHYUSD	+0.0262%	1h	186.96	+0.081%	$47K	$19K	20x	as long as short