Funding you earn now, next payment 10:00 UTC−0.0285%/8h= −31.2% APRnext payment −$0.36 per $10,000 · paid last 24h −0.008%
Price spread now: tradeXYZ against Polymarket Perps−0.011%7-day average +0.037% · you buy dearer than you sell
Net, funding: paid 7d − costs−$43as in the Funding arb table
Net, price: spread back to 7d avg − costs−$40as in the Price arb table
costs, in and out, $10k−$360.356% of the position
Funding, last 7 days−0.072%−$7 on $10k
+Price spread, last 7 days−0.106%−$11 · spread now −0.011%, 7d avg +0.037%
=Together, before fees−0.178%+ Points / potential airdroptradeXYZ: Active · farm board−$18 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$9 a day on $10k at the current rate, and tradeXYZ is 0.048% cheaper against Polymarket Perps than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of +0.037%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.072% in total (about -3.7% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.36 per $10,000. In the chart: green and red are payments made; yellow are the hours one leg has not settled yet: what the other leg paid, plus the unsettled leg at its current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Polymarket Perps SKHY-USD | 188.17 | 0.0050 | pay 0.0006% / 1h | 59m 36s | $183K | $352K | 10x |
| Short | tradeXYZ xyz:SKHY | 188.15 | −0.0235 | pay 0.0029% / 1h | 59m 36s | $158.8M | $78.0M | 10x |
Polymarket Perps SKHY-USD
tradeXYZ xyz:SKHYFunding history
latest
Range statsloading…
Price spread between the two exchanges
tradeXYZ 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
- −$59.76
- Price spread: −0.011% → +0.037%
- −$4.77
- Slippage, 4 orders
- −$9.61
- Fee Polymarket Perps: 4 bp × 2 orders
- −$8
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Net
- −$100.15
- Costs to cover
- 0.356%
- Break-even
- never at this rate
Slippage from Polymarket Perps: live order book, 51 min ago; tradeXYZ: live order book, 3 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, 51 min ago | 2.42 bp | 6.4 bp −$6 | 10.9 bp −$109 | doesn't fit | doesn't fit |
| Sell tradeXYZ live order book, 3 min ago | 0.53 bp | 9.5 bp −$10 | 10.0 bp −$100 | doesn't fit | doesn't fit |
SKHY on 31 exchanges
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 | −0.0629% | 8h | 188.12 | −0.027% | $26.0M | $36.3M | 20x | as long as short |
| Deribit SKHY_USDC-PERPETUAL | −0.0281% | 1h | 188.20 | +0.016% | $26K | $445K | 10x | as long as short |
| edgeX SKHYUSDC | −0.0235% | 4h | 187.79 | −0.202% | $566K | $287K | 10x | as long as short |
| tradeXYZ xyz:SKHYshort | −0.0235% | 1h | 188.15 | −0.011% | $158.8M | $78.0M | 10x | |
| KuCoin SKHYUSDTM | −0.0116% | 8h | 188.17 | 0.000% | $1.1M | $462K | 20x | as long as short |
| Nado SKHY-PERP | −0.0030% | 1h | 188.36 | +0.102% | $33K | $28K | 10x | as long as short |
| QFEX SKHY-USD | −0.0005% | 1h | 188.17 | 0.000% | $1.2M | $4.3M | 10x | as long as short |
| Aster SKHYUSDT | 0.0000% | 8h | 188.19 | +0.008% | $264K | $912K | 50x | as long as short |
| Extended SKHY-USD | 0.0000% | 1h | 188.04 | −0.069% | $55K | $7K | 10x | as long as short |
| Binance SKHYUSDT | 0.0000% | 8h | 188.15 | −0.012% | $198.6M | $472.7M | 50x | as long as short |
Bitget SKHYUSDT
Deribit SKHY_USDC-PERPETUAL
edgeX SKHYUSDC
KuCoin SKHYUSDTM
Nado SKHY-PERP
QFEX SKHY-USD
Aster SKHYUSDT
Extended SKHY-USD
Binance SKHYUSDTShow all 31 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit SKHYUSDT | 0.0000% | 8h | 188.08 | −0.048% | $16.3M | $34.1M | 100x | as long as short |
| OKX SKHY-USDT-SWAP | 0.0000% | 8h | 188.02 | −0.080% | $44.6M | $85.5M | 50x | as long as short |
| Gate SKHY_USDT | 0.0000% | 8h | 187.99 | −0.096% | $25.3M | $21.5M | 75x | as long as short |
| Variational Omni SKHY | 0.0000% | 8h | 188.03 | −0.074% | $1.5M | $1.0M | — | as long as short |
| GRVT SKHY_USDT_Perp | 0.0000% | 8h | 188.07 | −0.052% | $22K | $246K | 10x | as long as short |
| SunX SKHY-USDT | 0.0000% | 8h | 188.50 | +0.175% | $690 | $5.5M | 10x | as long as short |
| HTX SKHY-USDT | 0.0000% | 8h | 188.18 | +0.005% | $156K | $376K | 50x | as long as short |
| Phemex SKHYUSDT | 0.0000% | 8h | 188.20 | +0.016% | $1.5M | $1.1M | 10x | as long as short |
| Ondo Perps SKHY-USD.P | +0.0020% | 1h | 187.84 | −0.175% | $524K | $2.5M | 10x | as long as short |
| Lighter SKHY | +0.0032% | 1h | 188.18 | +0.005% | $993K | $1.4M | 10x | as long as short |
| Lighter RH SKHY | +0.0032% | 1h | 187.95 | −0.117% | $1.1M | $1.5M | 10x | as long as short |
| Arcus SKHY-USD | +0.0040% | 1h | 187.97 | −0.106% | $60K | $132K | 10x | as long as short |
| Vest SKHY-USD-PERP | +0.0046% | 1h | 188.25 | +0.043% | — | $39K | 10x | as long as short |
| Popdex SKHYUSDT | +0.0048% | 1h | 188.20 | +0.016% | $203K | $307K | 20x | as long as short |
| Polymarket Perps SKHY-USDlong | +0.0050% | 1h | 188.17 | long leg | $183K | $352K | 10x | |
| SoDEX SKHY-USD | +0.0050% | 1h | 188.18 | +0.005% | $42K | $12K | 10x | as long as short |
| Coinbase International SKHY-PERP-INTX | +0.0056% | 1h | 186.08 | −1.111% | $110K | $772K | 10x | as long as short |
| Orderly PERP_SKHY_USDC_mythos | +0.0100% | 8h | 188.22 | +0.027% | $2K | $4K | 10x | as long as short |
| BloFin SKHY-USDT | +0.0120% | 8h | 188.16 | −0.005% | $2.2M | $461K | 50x | as long as short |
| Phoenix SKHY | +0.0257% | 1h | 188.11 | −0.032% | $211K | $123K | 10x | as long as short |
| Kraken Futures PF_SKHYUSD | +0.0748% | 1h | 188.18 | +0.007% | $51K | $36K | 20x | as long as short |
Bybit SKHYUSDT
OKX SKHY-USDT-SWAP
Gate SKHY_USDT
Variational Omni SKHY
GRVT SKHY_USDT_Perp
SunX SKHY-USDT
HTX SKHY-USDT
Phemex SKHYUSDT
Ondo Perps SKHY-USD.P
Lighter SKHY
Lighter RH SKHY
Arcus SKHY-USD
Vest SKHY-USD-PERP
Popdex SKHYUSDT
SoDEX SKHY-USD
Coinbase International SKHY-PERP-INTX
Orderly PERP_SKHY_USDC_mythos
BloFin SKHY-USDT
Phoenix SKHY
Kraken Futures PF_SKHYUSD