SKHY

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0154%/8h= +16.9% APRnext payment +$0.19 per $10,000 · paid last 24h +0.007%

Price spread now: Polymarket Perps against Coinbase International−0.616%7-day average −0.153% · you buy dearer than you sell

Net, funding: paid 7d − costs−$24as in the Funding arb table

Net, price: spread back to 7d avg − costs−$82as in the Price arb table

costs, in and out, $10k−$350.354% of the position

Long on Coinbase International Short on Polymarket Perps

What this pair did over the last

the charts below follow

Funding, last 7 days+0.118%+$12 on $10k

Price spread, last 4 days (all we have)+0.607%+$61 · spread now −0.616%, 7d avg −0.153%

Together, before fees+0.725%+$73 on $10k · with fees, hour by hour

Funding pays, the price is against you. Polymarket Perps is 0.464% cheaper against Coinbase International than usual: you would sell low and buy high (spread −0.616% now, against its 7-day average of −0.153%). If the spread goes back, that is −$46 on $10k: about 10 days of funding at the current rate (+$5 a day). At the pace of the last 7 days (+0.118% in total) that is about 28 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International SKHY-PERP-INTX	189.86	−0.0104	get 0.0013% / 1h	4m 51s	$36K	$876K	10x
Short	Polymarket Perps SKHY-USD	188.69	0.0050	get 0.0006% / 1h	4m 51s	$182K	$472K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket Perps against Coinbase International. 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 Coinbase InternationalbpFee Polymarket PerpsbpOrdersPrice spread, now −0.616%Rate

Funding earned: $32.34
Price spread: −0.616% → −0.153%: −$46.35
Slippage, 4 orders: −$17.36
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: −$49.37
Costs to cover: 0.354%
Break-even: 17.7 days

Slippage from Coinbase International: live order book, 48 min ago; Polymarket Perps: live order book, 48 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 Coinbase International live order book, 48 min ago	5.22 bp	10.9 bp −$11	17.9 bp −$179	doesn't fit	doesn't fit
Sell Polymarket Perps live order book, 48 min ago	2.87 bp	7.3 bp −$7	7.4 bp −$74	9.7 bp −$965	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	−0.0318%	8h	188.90	−0.506%	$24.3M	$29.4M	20x	as long as short
Coinbase International SKHY-PERP-INTXlong	−0.0104%	1h	189.86	long leg	$36K	$876K	10x
edgeX SKHYUSDC	−0.0055%	4h	188.56	−0.684%	$568K	$290K	10x	as long as short
tradeXYZ xyz:SKHY	−0.0017%	1h	188.89	−0.511%	$158.5M	$70.0M	10x	as long as short
Aster SKHYUSDT	0.0000%	8h	188.94	−0.486%	$244K	$896K	50x	as long as short
Extended SKHY-USD	0.0000%	1h	188.82	−0.547%	$55K	$7K	10x	as long as short
Binance SKHYUSDT	0.0000%	8h	188.87	−0.520%	$199.3M	$412.3M	50x	as long as short
Bybit SKHYUSDT	0.0000%	8h	188.85	−0.532%	$15.4M	$29.1M	100x	as long as short
OKX SKHY-USDT-SWAP	0.0000%	8h	188.91	−0.500%	$44.8M	$73.8M	50x	as long as short
Gate SKHY_USDT	0.0000%	8h	188.79	−0.564%	$25.3M	$19.9M	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	188.92	−0.494%	$1.6M	$1.1M	—	as long as short
GRVT SKHY_USDT_Perp	0.0000%	8h	188.81	−0.551%	$22K	$216K	10x	as long as short
SunX SKHY-USDT	0.0000%	8h	189.07	−0.416%	$692	$6.2M	10x	as long as short
Deribit SKHY_USDC-PERPETUAL	0.0000%	1h	188.89	−0.511%	$48K	$330K	10x	as long as short
HTX SKHY-USDT	0.0000%	8h	188.72	−0.600%	$156K	$370K	50x	as long as short
Phemex SKHYUSDT	0.0000%	8h	188.96	−0.474%	$1.5M	$1.1M	10x	as long as short
Lighter SKHY	+0.0008%	1h	188.77	−0.574%	$995K	$747K	10x	as long as short
QFEX SKHY-USD	+0.0011%	1h	188.80	−0.558%	$1.2M	$4.1M	10x	as long as short
Nado SKHY-PERP	+0.0014%	1h	188.90	−0.504%	$33K	$28K	10x	as long as short
Lighter RH SKHY	+0.0032%	1h	188.79	−0.564%	$1.0M	$1.5M	10x	as long as short
Arcus SKHY-USD	+0.0040%	1h	188.80	−0.558%	$58K	$164K	10x	as long as short
Vest SKHY-USD-PERP	+0.0046%	1h	188.87	−0.521%	—	$12K	10x	as long as short
Popdex SKHYUSDT	+0.0048%	1h	188.80	−0.558%	$199K	$257K	20x	as long as short
Polymarket Perps SKHY-USDshort	+0.0050%	1h	188.69	−0.616%	$182K	$472K	10x
SoDEX SKHY-USD	+0.0050%	1h	188.78	−0.569%	$42K	$13K	10x	as long as short
Ondo Perps SKHY-USD.P	+0.0050%	1h	188.78	−0.569%	$526K	$2.6M	10x	as long as short
KuCoin SKHYUSDTM	+0.0100%	8h	188.88	−0.516%	$1.1M	$312K	20x	as long as short
Orderly PERP_SKHY_USDC_mythos	+0.0100%	8h	188.87	−0.521%	$2K	$4K	10x	as long as short
BloFin SKHY-USDT	+0.0120%	8h	188.87	−0.521%	$2.2M	$438K	50x	as long as short
Phoenix SKHY	+0.0375%	1h	189.01	−0.448%	$212K	$124K	10x	as long as short
Kraken Futures PF_SKHYUSD	+0.0694%	1h	188.84	−0.537%	$48K	$19K	20x	as long as short