Funding you earn now, next payment 07:00 UTC+0.0172%/8h= +18.8% APRpaid last 24h −0.013%
Price spread now: Phemex against Polymarket Perps+0.054%7-day average +0.046% · you sell dearer than you buy
Net, funding: paid 7d − costs−$121as in the Funding arb table
Net, price: spread back to 7d avg − costs−$117as in the Price arb table
costs, in and out, $10k−$1181.177% of the position
Funding, last 7 days−0.035%−$4 on $10k
+Price spread, last 4 days (all we have)−0.094%−$9 · spread now +0.054%, 7d avg +0.046%
=The price spread sits at its 7-day average of +0.046%, so right now this pair is about funding alone: +$5 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Polymarket Perps SKHY-USD | 186.52 | −0.0172 | get 0.0021% / 1h | 40m 43s | $180K | $487K | 10x |
| Short | Phemex SKHYUSDT | 186.62 | 0 | get 0.0000% / 8h | 1h 40m | $1.5M | $1.1M | 10x |
Polymarket Perps SKHY-USD
Phemex SKHYUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phemex 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 itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $36.1
- Price spread: +0.054% → +0.046%
- $0.77
- Slippage, 4 orders
- −$97.69
- Fee Polymarket Perps: 4 bp × 2 orders
- −$8
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$80.82
- Costs to cover
- 1.177%
- Break-even
- 22.7 days
Slippage from Polymarket Perps: live order book, 2 min ago; Phemex: live order book, 2 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, 2 min ago | 2.41 bp | 6.4 bp −$6 | 8.1 bp −$81 | 12.0 bp −$1,198 | doesn't fit |
| Sell Phemex live order book, 2 min ago | 5.09 bp | 44.1 bp −$44 | 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 | −0.1134% | 8h | 186.82 | +0.161% | $25.0M | $31.7M | 20x | as long as short |
| edgeX SKHYUSDC | −0.0246% | 4h | 187.00 | +0.257% | $564K | $292K | 10x | as long as short |
| Nado SKHY-PERP | −0.0186% | 1h | 186.76 | +0.129% | $33K | $28K | 10x | as long as short |
| tradeXYZ xyz:SKHY | −0.0182% | 1h | 186.73 | +0.113% | $158.5M | $74.3M | 10x | as long as short |
| Deribit SKHY_USDC-PERPETUAL | −0.0178% | 1h | 186.64 | +0.064% | $48K | $340K | 10x | as long as short |
| Polymarket Perps SKHY-USDlong | −0.0172% | 1h | 186.52 | long leg | $180K | $487K | 10x | |
| Popdex SKHYUSDT | −0.0152% | 1h | 186.60 | +0.043% | $197K | $274K | 20x | as long as short |
| Kraken Futures PF_SKHYUSD | −0.0139% | 1h | 186.77 | +0.132% | $47K | $19K | 20x | as long as short |
| Lighter SKHY | −0.0136% | 1h | 186.70 | +0.097% | $963K | $1.1M | 10x | as long as short |
| Coinbase International SKHY-PERP-INTX | −0.0104% | 1h | 187.75 | +0.659% | $63K | $902K | 10x | as long as short |
Bitget SKHYUSDT
edgeX SKHYUSDC
Nado SKHY-PERP
tradeXYZ xyz:SKHY
Deribit SKHY_USDC-PERPETUAL
Popdex SKHYUSDT
Kraken Futures PF_SKHYUSD
Lighter SKHY
Coinbase International SKHY-PERP-INTXShow all 31 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| QFEX SKHY-USD | −0.0049% | 1h | 186.64 | +0.064% | $1.2M | $4.1M | 10x | as long as short |
| Ondo Perps SKHY-USD.P | −0.0037% | 1h | 186.48 | −0.021% | $514K | $2.6M | 10x | as long as short |
| Aster SKHYUSDT | 0.0000% | 8h | 186.90 | +0.203% | $227K | $916K | 50x | as long as short |
| Extended SKHY-USD | 0.0000% | 1h | 186.54 | +0.010% | $54K | $7K | 10x | as long as short |
| Binance SKHYUSDT | 0.0000% | 8h | 186.80 | +0.150% | $199.5M | $438.1M | 50x | as long as short |
| Bybit SKHYUSDT | 0.0000% | 8h | 186.80 | +0.150% | $15.8M | $29.3M | 100x | as long as short |
| OKX SKHY-USDT-SWAP | 0.0000% | 8h | 186.79 | +0.145% | $44.6M | $77.5M | 50x | as long as short |
| Gate SKHY_USDT | 0.0000% | 8h | 186.56 | +0.021% | $25.2M | $20.2M | 75x | as long as short |
| Variational Omni SKHY | 0.0000% | 8h | 186.53 | +0.007% | $1.6M | $1.0M | — | as long as short |
| GRVT SKHY_USDT_Perp | 0.0000% | 8h | 186.65 | +0.071% | $22K | $228K | 10x | as long as short |
| SunX SKHY-USDT | 0.0000% | 8h | 186.83 | +0.166% | $684 | $6.1M | 10x | as long as short |
| HTX SKHY-USDT | 0.0000% | 8h | 186.48 | −0.021% | $155K | $367K | 50x | as long as short |
| Phemex SKHYUSDTshort | 0.0000% | 8h | 186.62 | +0.054% | $1.5M | $1.1M | 10x | |
| Lighter RH SKHY | +0.0032% | 1h | 186.62 | +0.054% | $1.1M | $1.6M | 10x | as long as short |
| Arcus SKHY-USD | +0.0040% | 1h | 186.78 | +0.139% | $58K | $165K | 10x | as long as short |
| Vest SKHY-USD-PERP | +0.0046% | 1h | 186.73 | +0.113% | — | $24K | 10x | as long as short |
| SoDEX SKHY-USD | +0.0050% | 1h | 186.62 | +0.054% | $41K | $13K | 10x | as long as short |
| KuCoin SKHYUSDTM | +0.0100% | 8h | 186.73 | +0.113% | $1.1M | $328K | 20x | as long as short |
| Orderly PERP_SKHY_USDC_mythos | +0.0100% | 8h | 186.52 | 0.000% | $2K | $4K | 10x | as long as short |
| BloFin SKHY-USDT | +0.0120% | 8h | 186.59 | +0.038% | $2.2M | $419K | 50x | as long as short |
| Phoenix SKHY | +0.0213% | 1h | 187.04 | +0.279% | $210K | $115K | 10x | as long as short |
QFEX SKHY-USD
Ondo Perps SKHY-USD.P
Aster SKHYUSDT
Extended SKHY-USD
Binance SKHYUSDT
Bybit SKHYUSDT
OKX SKHY-USDT-SWAP
Gate SKHY_USDT
Variational Omni SKHY
GRVT SKHY_USDT_Perp
SunX SKHY-USDT
HTX SKHY-USDT
Lighter RH SKHY
Arcus SKHY-USD
Vest SKHY-USD-PERP
SoDEX SKHY-USD
KuCoin SKHYUSDTM
Orderly PERP_SKHY_USDC_mythos
BloFin SKHY-USDT
Phoenix SKHY