Funding you earn now, next payment 06:00 UTC−0.0218%/8h= −23.9% APRpaid last 24h −0.009%
Price spread now: Phemex against Polymarket Perps−0.058%7-day average +0.032% · you buy dearer than you sell
Net, funding: paid 7d − costs−$163as in the Funding arb table
Net, price: spread back to 7d avg − costs−$130as in the Price arb table
costs, in and out, $10k−$1211.212% of the position
Funding, last 7 days−0.422%−$42 on $10k
+Price spread, last 4 days (all we have)+0.028%+$3 · spread now −0.058%, 7d avg +0.032%
=Both sides work against this trade now: funding costs −$7 a day on $10k at the current rate, and Phemex is 0.091% cheaper against Polymarket Perps than usual: you would sell low and buy high (−$9 if the spread goes back to its 7-day average of +0.032%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Polymarket Perps SKHYNIX-USD | 1,368.8 | 0.0218 | pay 0.0027% / 1h | 4m 57s | $258K | $1.0M | 10x |
| Short | Phemex SKHYNIXUSDT | 1,368 | 0 | get 0.0000% / 8h | 2h 04m | $1.2M | $776K | 10x |
Polymarket Perps SKHYNIX-USD
Phemex SKHYNIXUSDTFunding 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
- −$45.85
- Price spread: −0.058% → +0.032%
- −$9.07
- Slippage, 4 orders
- −$101.2
- Fee Polymarket Perps: 4 bp × 2 orders
- −$8
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$176.12
- Costs to cover
- 1.212%
- Break-even
- never at this rate
Slippage from Polymarket Perps: live order book, 23 min ago; Phemex: 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, 23 min ago | 2.22 bp | 8.7 bp −$9 | 9.1 bp −$91 | 11.3 bp −$1,132 | doesn't fit |
| Sell Phemex live order book, 3 min ago | 1.13 bp | 59.1 bp −$59 | doesn't fit | doesn't fit | 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 | |
|---|---|---|---|---|---|---|---|---|
| edgeX SKHYNIXUSDC | −0.0379% | 4h | 1,368.1 | −0.053% | $3.3M | $431K | 10x | as long as short |
| Aster SKHYNIXUSD1 | 0.0000% | 4h | 1,368.3 | −0.033% | $18.6M | $36.8M | 20x | as long as short |
| Extended SKHYNIX-USD | 0.0000% | 1h | 1,367.6 | −0.085% | $2.3M | $78K | 10x | as long as short |
| Binance SKHYNIXUSDT | 0.0000% | 4h | 1,368.1 | −0.054% | $335.7M | $889.9M | 50x | as long as short |
| Bybit SKHYNIXUSDT | 0.0000% | 8h | 1,368.4 | −0.031% | $19.6M | $31.3M | 100x | as long as short |
| Gate SKHYNIX_USDT | 0.0000% | 4h | 1,368.6 | −0.013% | $143.0M | $76.6M | 75x | as long as short |
| SunX SKHYNIX-USDT | 0.0000% | 4h | 1,368.9 | +0.004% | $998 | $536K | 10x | as long as short |
| HTX SKHYNIX-USDT | 0.0000% | 4h | 1,368.2 | −0.044% | $1.3M | $2.4M | 50x | as long as short |
| Phemex SKHYNIXUSDTshort | 0.0000% | 8h | 1,368 | −0.058% | $1.2M | $776K | 10x | |
| BloFin SKHYNIX-USDT | +0.0010% | 4h | 1,367.9 | −0.064% | $2.5M | $4.1M | 50x | as long as short |
edgeX SKHYNIXUSDC
Aster SKHYNIXUSD1
Extended SKHYNIX-USD
Binance SKHYNIXUSDT
Bybit SKHYNIXUSDT
Gate SKHYNIX_USDT
SunX SKHYNIX-USDT
HTX SKHYNIX-USDT
BloFin SKHYNIX-USDTShow all 23 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| SoDEX SKHX-USD | +0.0050% | 1h | 1,368 | −0.060% | $728 | $8K | 10x | as long as short |
| tradeXYZ xyz:SKHX | +0.0058% | 1h | 1,367.3 | −0.110% | $296.0M | $250.9M | 10x | as long as short |
| GRVT SKHYNIX_USDT_Perp | +0.0092% | 4h | 1,369.4 | +0.040% | $98K | $214K | 10x | as long as short |
| Pacifica SKHYNIX | +0.0100% | 1h | 1,368.5 | −0.023% | $104K | $429K | 10x | as long as short |
| KuCoin SKHYNIXUSDTM | +0.0100% | 4h | 1,367.7 | −0.084% | $5.0M | $8.2M | 20x | as long as short |
| ApeX Omni SKHYNIXUSDT | +0.0100% | 1h | 1,369.5 | +0.051% | $143K | $259K | 50x | as long as short |
| Orderly PERP_SKHYNIX_USDC_mythos | +0.0100% | 8h | 1,368.8 | −0.002% | $5K | $858 | 10x | as long as short |
| Aevo SKHX-PERP | +0.0104% | 1h | 1,368.4 | −0.031% | $32K | — | 10x | as long as short |
| Bullet SKHYNIX-USD | +0.0212% | 1h | 1,368.7 | −0.006% | $15K | $470K | 10x | as long as short |
| Aftermath Perps SKHYNIXUSD | +0.0214% | 1h | 1,365.2 | −0.264% | $670 | $37K | 5x | as long as short |
| Polymarket Perps SKHYNIX-USDlong | +0.0218% | 1h | 1,368.8 | long leg | $258K | $1.0M | 10x | |
| Bitget SKHYNIXUSDT | +0.0260% | 4h | 1,368.3 | −0.038% | $22.7M | $32.3M | 20x | as long as short |
| OKX SKHYNIX-USDT-SWAP | +0.0362% | 8h | 1,367.9 | −0.066% | $53.8M | $127.1M | 50x | as long as short |
SoDEX SKHX-USD
tradeXYZ xyz:SKHX
GRVT SKHYNIX_USDT_Perp
Pacifica SKHYNIX
KuCoin SKHYNIXUSDTM
ApeX Omni SKHYNIXUSDT
Orderly PERP_SKHYNIX_USDC_mythos
Aevo SKHX-PERP
Bullet SKHYNIX-USD
Aftermath Perps SKHYNIXUSD
Bitget SKHYNIXUSDT
OKX SKHYNIX-USDT-SWAP