Funding arb · Price arb /

SKHY

RWAall SKHY markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0252%/8h= +27.6% APRpaid last 24h +0.017%

Price spread now: Orderly against Polymarket Perps+0.059%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Polymarket Perps Short on Orderly

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Both sides work for this trade now. Funding pays +$8 a day on $10k at the current rate, and Orderly is 0.059% dearer against Polymarket Perps than usual: you sell high and buy low: +$6 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Polymarket Perps SKHY-USD	186.85	−0.0152	get 0.0019% / 1h	45m 57s	$181K	$487K	10x
Short	Orderly PERP_SKHY_USDC_mythos	186.96	0.0100	get 0.0100% / 8h	1h 45m	$2K	$4K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly 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 OrderlybpOrdersPrice spread, now +0.059%Rate

Funding earned: $53.02
Price spread: +0.059% → 0.000%: $5.89
Slippage, 4 orders: no order book: not counted
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee Orderly: 3 bp × 2 orders: −$6
Net: $44.91
Costs to cover: 0.140%
Break-even: 1.1 days

Slippage unknown: Polymarket Perps: live order book, 62 min ago; Orderly: no order-book sample. Net counts fees only.

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, 62 min ago	2.12 bp	7.7 bp −$8	8.6 bp −$86	12.2 bp −$1,217	doesn't fit
Sell Orderly no order-book sample	—	—	—	—	—

Orderly: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	−0.1077%	8h	187.24	+0.209%	$25.0M	$31.6M	20x	as long as short
Deribit SKHY_USDC-PERPETUAL	−0.0392%	1h	186.92	+0.037%	$48K	$339K	10x	as long as short
edgeX SKHYUSDC	−0.0295%	4h	187.55	+0.376%	$565K	$291K	10x	as long as short
tradeXYZ xyz:SKHY	−0.0175%	1h	186.95	+0.054%	$158.7M	$74.2M	10x	as long as short
Nado SKHY-PERP	−0.0168%	1h	187.08	+0.123%	$33K	$28K	10x	as long as short
Polymarket Perps SKHY-USDlong	−0.0152%	1h	186.85	long leg	$181K	$487K	10x
Lighter SKHY	−0.0144%	1h	186.82	−0.016%	$954K	$1.1M	10x	as long as short
Kraken Futures PF_SKHYUSD	−0.0139%	1h	186.98	+0.072%	$47K	$19K	20x	as long as short
Popdex SKHYUSDT	−0.0104%	1h	186.94	+0.048%	$197K	$274K	20x	as long as short
Coinbase International SKHY-PERP-INTX	−0.0104%	1h	187.75	+0.482%	$63K	$902K	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	186.88	+0.016%	$1.2M	$4.1M	10x	as long as short
Ondo Perps SKHY-USD.P	−0.0024%	1h	187.61	+0.407%	$516K	$2.6M	10x	as long as short
Aster SKHYUSDT	0.0000%	8h	187.17	+0.171%	$227K	$916K	50x	as long as short
Extended SKHY-USD	0.0000%	1h	187.03	+0.095%	$55K	$7K	10x	as long as short
Binance SKHYUSDT	0.0000%	8h	187.06	+0.112%	$200.2M	$437.3M	50x	as long as short
Bybit SKHYUSDT	0.0000%	8h	187.04	+0.102%	$15.9M	$29.8M	100x	as long as short
OKX SKHY-USDT-SWAP	0.0000%	8h	187.04	+0.102%	$44.7M	$77.8M	50x	as long as short
Gate SKHY_USDT	0.0000%	8h	186.93	+0.043%	$25.3M	$20.2M	75x	as long as short
Variational Omni SKHY	0.0000%	8h	187.49	+0.345%	$1.6M	$1.0M	—	as long as short
GRVT SKHY_USDT_Perp	0.0000%	8h	187.56	+0.380%	$22K	$227K	10x	as long as short
SunX SKHY-USDT	0.0000%	8h	187.15	+0.161%	$685	$6.1M	10x	as long as short
HTX SKHY-USDT	0.0000%	8h	186.89	+0.021%	$155K	$367K	50x	as long as short
Phemex SKHYUSDT	0.0000%	8h	186.89	+0.021%	$1.5M	$1.1M	10x	as long as short
Lighter RH SKHY	+0.0032%	1h	186.83	−0.011%	$1.1M	$1.6M	10x	as long as short
Arcus SKHY-USD	+0.0040%	1h	187.28	+0.230%	$58K	$165K	10x	as long as short
Vest SKHY-USD-PERP	+0.0046%	1h	187.09	+0.128%	—	$24K	10x	as long as short
SoDEX SKHY-USD	+0.0050%	1h	186.96	+0.059%	$41K	$13K	10x	as long as short
KuCoin SKHYUSDTM	+0.0100%	8h	187.10	+0.134%	$1.1M	$327K	20x	as long as short
Orderly PERP_SKHY_USDC_mythosshort	+0.0100%	8h	186.96	+0.059%	$2K	$4K	10x
BloFin SKHY-USDT	+0.0120%	8h	187.14	+0.155%	$2.2M	$419K	50x	as long as short
Phoenix SKHY	+0.0213%	1h	187.81	+0.514%	$210K	$115K	10x	as long as short