Funding arb · Price arb /

SKHY

RWAall SKHY markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0050%/8h= +5.5% APRpaid last 24h +0.015%

Price spread now: Polymarket Perps against SunX−0.243%7-day average −0.180% · you buy dearer than you sell

Net, funding: paid 7d − costs−$132as in the Funding arb table

Net, price: spread back to 7d avg − costs−$141as in the Price arb table

costs, in and out, $10k−$1351.346% of the position

Long on SunX Short on Polymarket Perps

What this pair did over the last

the charts below follow

Funding, last 7 days+0.031%+$3 on $10k

Price spread, last 3 days (all we have)+0.114%+$11 · spread now −0.243%, 7d avg −0.180%

Together, before fees+0.145%+$15 on $10k · with fees, hour by hour

Funding pays, the price is against you. Polymarket Perps is 0.063% cheaper against SunX than usual: you would sell low and buy high (spread −0.243% now, against its 7-day average of −0.180%). If the spread goes back, that is −$6 on $10k: about 4.2 days of funding at the current rate (+$2 a day). At the pace of the last 7 days (+0.031% in total) that is about 14 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX SKHY-USDT	193.21	0	get 0.0000% / 8h	6h 42m	$707	$6.6M	10x
Short	Polymarket Perps SKHY-USD	192.74	0.0050	get 0.0006% / 1h	42m 03s	$188K	$456K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket Perps against SunX. 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 SunXbpFee Polymarket PerpsbpOrdersPrice spread, now −0.243%Rate

Funding earned: $10.5
Price spread: −0.243% → −0.180%: −$6.31
Slippage, 4 orders: −$118.59
Fee SunX: 4 bp × 2 orders: −$8
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: −$130.4
Costs to cover: 1.346%
Break-even: 93.9 days

Slippage from SunX: live order book, 7 min ago; Polymarket Perps: live order book, 26 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 SunX live order book, 7 min ago	29.48 bp	48.0 bp −$48	doesn't fit	doesn't fit	doesn't fit
Sell Polymarket Perps live order book, 26 min ago	2.85 bp	6.8 bp −$7	6.8 bp −$68	9.3 bp −$932	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
edgeX SKHYUSDC	−0.0818%	4h	192.92	−0.152%	$582K	$291K	10x	as long as short
Coinbase International SKHY-PERP-INTX	−0.0072%	1h	192.90	−0.160%	$45K	$874K	10x	as long as short
Aster SKHYUSDT	0.0000%	8h	192.83	−0.196%	$248K	$890K	50x	as long as short
Extended SKHY-USD	0.0000%	1h	192.91	−0.154%	$56K	$7K	10x	as long as short
Binance SKHYUSDT	0.0000%	8h	192.97	−0.124%	$210.6M	$385.0M	50x	as long as short
Bybit SKHYUSDT	0.0000%	8h	192.96	−0.129%	$15.6M	$27.1M	100x	as long as short
OKX SKHY-USDT-SWAP	0.0000%	8h	192.97	−0.124%	$46.8M	$69.0M	50x	as long as short
Gate SKHY_USDT	0.0000%	8h	192.84	−0.192%	$25.8M	$18.7M	75x	as long as short
Variational Omni SKHY	0.0000%	8h	193.02	−0.101%	$1.6M	$2.2M	—	as long as short
GRVT SKHY_USDT_Perp	0.0000%	8h	192.90	−0.159%	$22K	$191K	10x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX SKHY-USDTlong	0.0000%	8h	193.21	long leg	$707	$6.6M	10x
Deribit SKHY_USDC-PERPETUAL	0.0000%	1h	192.82	−0.202%	$48K	$270K	10x	as long as short
HTX SKHY-USDT	0.0000%	8h	192.81	−0.207%	$160K	$376K	50x	as long as short
Phemex SKHYUSDT	0.0000%	8h	192.90	−0.160%	$1.5M	$1.1M	10x	as long as short
QFEX SKHY-USD	+0.0002%	1h	192.76	−0.233%	$1.2M	$4.7M	10x	as long as short
Nado SKHY-PERP	+0.0014%	1h	192.80	−0.214%	$42K	$21K	10x	as long as short
Lighter SKHY	+0.0032%	1h	192.77	−0.228%	$1.0M	$679K	10x	as long as short
Lighter RH SKHY	+0.0032%	1h	192.78	−0.223%	$1.1M	$1.5M	10x	as long as short
Arcus SKHY-USD	+0.0040%	1h	192.85	−0.186%	$57K	$154K	10x	as long as short
Vest SKHY-USD-PERP	+0.0046%	1h	192.78	−0.223%	—	$12K	10x	as long as short
Popdex SKHYUSDT	+0.0048%	1h	192.81	−0.207%	$197K	$256K	20x	as long as short
tradeXYZ xyz:SKHY	+0.0050%	1h	192.86	−0.181%	$163.1M	$66.6M	10x	as long as short
Polymarket Perps SKHY-USDshort	+0.0050%	1h	192.74	−0.243%	$188K	$456K	10x
SoDEX SKHY-USD	+0.0050%	1h	192.71	−0.259%	$43K	$13K	10x	as long as short
Ondo Perps SKHY-USD.P	+0.0050%	1h	192.70	−0.264%	$521K	$1.8M	10x	as long as short
KuCoin SKHYUSDTM	+0.0100%	8h	192.84	−0.192%	$1.1M	$279K	20x	as long as short
Orderly PERP_SKHY_USDC_mythos	+0.0100%	8h	192.85	−0.186%	$2K	$4K	10x	as long as short
BloFin SKHY-USDT	+0.0120%	8h	193.08	−0.067%	$2.3M	$445K	50x	as long as short
Phoenix SKHY	+0.0331%	1h	193.14	−0.036%	$216K	$123K	10x	as long as short
Bitget SKHYUSDT	+0.0387%	8h	192.93	−0.145%	$25.5M	$26.4M	20x	as long as short
Kraken Futures PF_SKHYUSD	+0.0707%	1h	192.88	−0.173%	$51K	$17K	20x	as long as short