Funding arb · Price arb /

SKHY

RWAall SKHY markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC+0.0050%/8h= +5.5% APRpaid last 24h +0.009%

Price spread now: Polymarket Perps against Aster+0.034%7-day average −0.021% · you sell dearer than you buy

Net, funding: paid 7d − costs−$69as in the Funding arb table

Net, price: spread back to 7d avg − costs−$66as in the Price arb table

costs, in and out, $10k−$720.717% of the position

Long on Aster Short on Polymarket Perps

What this pair did over the last

the charts below follow

Funding, last 7 days+0.025%+$3 on $10k

Price spread, last 4 days (all we have)−0.594%−$59 · spread now +0.034%, 7d avg −0.021%

Together, before fees−0.569%+ Points / potential airdropAster: Stage 5 · farm board−$57 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 0.055% dearer against Aster than usual: you sell high and buy low: +$6 more if the spread goes back to its 7-day average of −0.021%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster SKHYUSDT	186.55	0	get 0.0000% / 8h	6h 56m	$266K	$949K	50x
Short	Polymarket Perps SKHY-USD	186.61	0.0050	get 0.0006% / 1h	56m 13s	$180K	$451K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket Perps against Aster. 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 AsterbpFee Polymarket PerpsbpOrdersPrice spread, now +0.034%Rate

Funding earned: $10.5
Price spread: +0.034% → −0.021%: $5.5
Slippage, 4 orders: −$55.66
Fee Aster: 4 bp × 2 orders: −$8
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: −$55.66
Costs to cover: 0.717%
Break-even: 44.1 days

Slippage from Aster: live order book, 37 min ago; Polymarket Perps: live order book, 22 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 Aster live order book, 37 min ago	1.09 bp	8.4 bp −$8	8.8 bp −$88	doesn't fit	doesn't fit
Sell Polymarket Perps live order book, 22 min ago	0.27 bp	16.7 bp −$17	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	−0.0984%	8h	186.59	+0.023%	$25.7M	$35.4M	20x	as long as short
edgeX SKHYUSDC	−0.0405%	4h	186.37	−0.095%	$562K	$289K	10x	as long as short
KuCoin SKHYUSDTM	−0.0182%	8h	186.60	+0.029%	$1.1M	$401K	20x	as long as short
QFEX SKHY-USD	−0.0005%	1h	186.60	+0.029%	$1.2M	$4.3M	10x	as long as short
Aster SKHYUSDTlong	0.0000%	8h	186.55	long leg	$266K	$949K	50x
Extended SKHY-USD	0.0000%	1h	186.52	−0.013%	$54K	$7K	10x	as long as short
Binance SKHYUSDT	0.0000%	8h	186.60	+0.029%	$197.6M	$468.4M	50x	as long as short
Bybit SKHYUSDT	0.0000%	8h	186.58	+0.018%	$15.9M	$33.5M	100x	as long as short
OKX SKHY-USDT-SWAP	0.0000%	8h	186.56	+0.007%	$44.3M	$83.2M	50x	as long as short
Gate SKHY_USDT	0.0000%	8h	186.59	+0.023%	$25.6M	$21.3M	75x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni SKHY	0.0000%	8h	186.05	−0.266%	$1.5M	$1.1M	—	as long as short
GRVT SKHY_USDT_Perp	0.0000%	8h	186.06	−0.261%	$22K	$247K	10x	as long as short
SunX SKHY-USDT	0.0000%	8h	186.83	+0.152%	$684	$5.7M	10x	as long as short
Deribit SKHY_USDC-PERPETUAL	0.0000%	1h	186.61	+0.034%	$47K	$355K	10x	as long as short
HTX SKHY-USDT	0.0000%	8h	186.50	−0.025%	$155K	$377K	50x	as long as short
Phemex SKHYUSDT	0.0000%	8h	186.53	−0.009%	$1.5M	$1.1M	10x	as long as short
Nado SKHY-PERP	+0.0027%	1h	186.68	+0.070%	$32K	$28K	10x	as long as short
Lighter SKHY	+0.0032%	1h	186.57	+0.013%	$993K	$1.3M	10x	as long as short
Lighter RH SKHY	+0.0032%	1h	186.53	−0.009%	$1.1M	$1.5M	10x	as long as short
Arcus SKHY-USD	+0.0040%	1h	186.60	+0.029%	$60K	$173K	10x	as long as short
Vest SKHY-USD-PERP	+0.0046%	1h	186.58	+0.018%	—	$39K	10x	as long as short
Popdex SKHYUSDT	+0.0048%	1h	186.65	+0.056%	$202K	$299K	20x	as long as short
tradeXYZ xyz:SKHY	+0.0050%	1h	186.60	+0.029%	$158.0M	$78.4M	10x	as long as short
Polymarket Perps SKHY-USDshort	+0.0050%	1h	186.61	+0.034%	$180K	$451K	10x
Ondo Perps SKHY-USD.P	+0.0050%	1h	186.48	−0.035%	$516K	$2.6M	10x	as long as short
Coinbase International SKHY-PERP-INTX	+0.0056%	1h	186.08	−0.250%	$110K	$887K	10x	as long as short
Orderly PERP_SKHY_USDC_mythos	+0.0100%	8h	186.59	+0.023%	$2K	$4K	10x	as long as short
BloFin SKHY-USDT	+0.0120%	8h	186.57	+0.013%	$2.1M	$461K	50x	as long as short
Phoenix SKHY	+0.0215%	1h	186.25	−0.159%	$209K	$123K	10x	as long as short
SoDEX SKHY-USD	+0.0271%	1h	186.55	+0.002%	$41K	$12K	10x	as long as short
Kraken Futures PF_SKHYUSD	+0.0754%	1h	186.72	+0.091%	$48K	$20K	20x	as long as short