Funding arb · Price arb /

SKHYNIX

RWAall SKHYNIX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0050%/8h= +5.5% APRpaid last 24h +0.024%

Price spread now: Polymarket Perps against Phemex+0.050%7-day average −0.032% · you sell dearer than you buy

Net, funding: paid 7d − costs−$54as in the Funding arb table

Net, price: spread back to 7d avg − costs−$93as in the Price arb table

costs, in and out, $10k−$1011.012% of the position

Long on Phemex Short on Polymarket Perps

What this pair did over the last

the charts below follow

Funding, last 7 days+0.474%+$47 on $10k

Price spread, last 3 days (all we have)−0.019%−$2 · spread now +0.050%, 7d avg −0.032%

Together, before fees+0.456%+$46 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Polymarket Perps is 0.082% dearer against Phemex than usual: you sell high and buy low: +$8 more if the spread goes back to its 7-day average of −0.032%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phemex SKHYNIXUSDT	1,383.7	0	get 0.0000% / 8h	15m 46s	$1.2M	$769K	10x
Short	Polymarket Perps SKHYNIX-USD	1,384.4	0.0050	get 0.0006% / 1h	15m 46s	$277K	$1.6M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket Perps against Phemex. 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 PhemexbpFee Polymarket PerpsbpOrdersPrice spread, now +0.050%Rate

Funding earned: $10.5
Price spread: +0.050% → −0.032%: $8.17
Slippage, 4 orders: −$81.19
Fee Phemex: 6 bp × 2 orders: −$12
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: −$82.52
Costs to cover: 1.012%
Break-even: 62.0 days

Slippage from Phemex: live order book, 2 min ago; Polymarket Perps: 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 Phemex live order book, 2 min ago	2.82 bp	40.2 bp −$40	doesn't fit	doesn't fit	doesn't fit
Sell Polymarket Perps live order book, 3 min ago	1.45 bp	7.2 bp −$7	7.9 bp −$79	9.3 bp −$932	doesn't fit

SKHYNIX on 23 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
Bullet SKHYNIX-USD	0.0000%	1h	1,383.5	−0.015%	$15K	$467K	10x	as long as short
SunX SKHYNIX-USDT	0.0000%	4h	1,383.7	−0.001%	$1K	$892K	10x	as long as short
Phemex SKHYNIXUSDTlong	0.0000%	8h	1,383.7	long leg	$1.2M	$769K	10x
SoDEX SKHX-USD	+0.0030%	1h	1,384.3	+0.039%	$736	$8K	10x	as long as short
Polymarket Perps SKHYNIX-USDshort	+0.0050%	1h	1,384.4	+0.050%	$277K	$1.6M	10x
tradeXYZ xyz:SKHX	+0.0068%	1h	1,384.3	+0.043%	$346.3M	$186.7M	10x	as long as short
edgeX SKHYNIXUSDC	+0.0086%	4h	1,383.5	−0.012%	$3.4M	$432K	10x	as long as short
Aster SKHYNIXUSD1	+0.0088%	4h	1,382.4	−0.091%	$18.4M	$42.8M	20x	as long as short
ApeX Omni SKHYNIXUSDT	+0.0100%	1h	1,383.5	−0.016%	$144K	$263K	50x	as long as short
Orderly PERP_SKHYNIX_USDC_mythos	+0.0100%	8h	1,383.2	−0.038%	$5K	$1K	10x	as long as short

Show all 23 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aevo SKHX-PERP	+0.0104%	1h	1,385.1	+0.098%	$32K	—	10x	as long as short
Bitget SKHYNIXUSDT	+0.0116%	4h	1,383.8	+0.009%	$24.1M	$26.7M	20x	as long as short
Gate SKHYNIX_USDT	+0.0132%	4h	1,384.2	+0.037%	$136.9M	$73.5M	75x	as long as short
HTX SKHYNIX-USDT	+0.0164%	4h	1,384.1	+0.028%	$1.2M	$2.2M	50x	as long as short
KuCoin SKHYNIXUSDTM	+0.0188%	4h	1,383.2	−0.036%	$5.1M	$8.2M	20x	as long as short
BloFin SKHYNIX-USDT	+0.0285%	4h	1,383.5	−0.012%	$2.5M	$4.1M	50x	as long as short
OKX SKHYNIX-USDT-SWAP	+0.0296%	8h	1,383.6	−0.008%	$52.5M	$112.7M	50x	as long as short
Extended SKHYNIX-USD	+0.0304%	1h	1,382.7	−0.074%	$2.4M	$225K	10x	as long as short
Bybit SKHYNIXUSDT	+0.0305%	8h	1,383.9	+0.012%	$20.4M	$36.4M	100x	as long as short
Binance SKHYNIXUSDT	+0.0311%	4h	1,382.9	−0.056%	$352.9M	$738.8M	50x	as long as short
GRVT SKHYNIX_USDT_Perp	+0.0432%	4h	1,384.3	+0.040%	$105K	$208K	10x	as long as short
Pacifica SKHYNIX	+0.0621%	1h	1,384.2	+0.035%	$148K	$407K	10x	as long as short
Aftermath Perps SKHYNIXUSD	+0.0758%	1h	1,384.3	+0.042%	$674	$39K	5x	as long as short