Funding arb · Price arb /

SKHY

RWAall SKHY markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC+0.0320%/8h= +35.1% APRpaid last 24h +0.210%

Price spread now: Polymarket Perps against edgeX−0.143%7-day average −0.027% · you buy dearer than you sell

Net, funding: paid 7d − costs−$78as in the Funding arb table

Net, price: spread back to 7d avg − costs−$38as in the Price arb table

costs, in and out, $10k−$270.267% of the position

Long on edgeX Short on Polymarket Perps

What this pair did over the last

the charts below follow

Funding, last 7 days−0.516%−$52 on $10k

Price spread, last 4 days (all we have)+0.350%+$35 · spread now −0.143%, 7d avg −0.027%

Together, before fees−0.165%+ Points / potential airdropedgeX: Active · farm board−$17 on $10k · with fees, hour by hour

Funding pays, the price is against you. Polymarket Perps is 0.116% cheaper against edgeX than usual: you would sell low and buy high (spread −0.143% now, against its 7-day average of −0.027%). If the spread goes back, that is −$12 on $10k: about 29 hours of funding at the current rate (+$10 a day). Mind the row above: over the last 7 days funding on this pair cost −0.516%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	edgeX SKHYUSDC	188.03	−0.0532	get 0.0266% / 4h	1h 59m	$567K	$287K	10x
Short	Polymarket Perps SKHY-USD	187.76	−0.0211	pay 0.0026% / 1h	59m 18s	$182K	$352K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket Perps against edgeX. 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 edgeXbpFee Polymarket PerpsbpOrdersPrice spread, now −0.143%Rate

Funding earned: $67.28
Price spread: −0.143% → −0.027%: −$11.57
Slippage, 4 orders: −$9.7
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: $29.01
Costs to cover: 0.267%
Break-even: 4.0 days

Slippage from edgeX: live order book, 52 min ago; Polymarket Perps: live order book, 51 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 edgeX live order book, 52 min ago	1.08 bp	5.9 bp −$6	10.9 bp −$109	doesn't fit	doesn't fit
Sell Polymarket Perps live order book, 51 min ago	2.42 bp	8.5 bp −$9	11.9 bp −$119	doesn't fit	doesn't fit

SKHY on 31 exchanges

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	−0.0629%	8h	187.94	−0.047%	$26.0M	$36.4M	20x	as long as short
edgeX SKHYUSDClong	−0.0532%	4h	188.03	long leg	$567K	$287K	10x
Popdex SKHYUSDT	−0.0528%	1h	187.98	−0.026%	$203K	$307K	20x	as long as short
Deribit SKHY_USDC-PERPETUAL	−0.0495%	1h	187.79	−0.127%	$26K	$447K	10x	as long as short
tradeXYZ xyz:SKHY	−0.0295%	1h	187.82	−0.111%	$158.5M	$78.1M	10x	as long as short
Kraken Futures PF_SKHYUSD	−0.0267%	1h	187.72	−0.165%	$51K	$36K	20x	as long as short
Polymarket Perps SKHY-USDshort	−0.0211%	1h	187.76	−0.143%	$182K	$352K	10x
Nado SKHY-PERP	−0.0179%	1h	187.84	−0.098%	$32K	$28K	10x	as long as short
KuCoin SKHYUSDTM	−0.0117%	8h	187.87	−0.084%	$1.1M	$462K	20x	as long as short
Coinbase International SKHY-PERP-INTX	−0.0040%	1h	187.65	−0.201%	$110K	$779K	10x	as long as short

Show all 31 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
QFEX SKHY-USD	−0.0005%	1h	187.97	−0.031%	$1.2M	$4.3M	10x	as long as short
Aster SKHYUSDT	0.0000%	8h	187.94	−0.047%	$264K	$912K	50x	as long as short
Extended SKHY-USD	0.0000%	1h	187.88	−0.080%	$55K	$7K	10x	as long as short
Binance SKHYUSDT	0.0000%	8h	187.84	−0.100%	$198.2M	$473.0M	50x	as long as short
Bybit SKHYUSDT	0.0000%	8h	187.85	−0.095%	$16.3M	$34.2M	100x	as long as short
OKX SKHY-USDT-SWAP	0.0000%	8h	187.87	−0.084%	$44.5M	$85.5M	50x	as long as short
Gate SKHY_USDT	0.0000%	8h	187.89	−0.074%	$25.3M	$21.5M	75x	as long as short
Variational Omni SKHY	0.0000%	8h	188.03	+0.001%	$1.5M	$1.0M	—	as long as short
GRVT SKHY_USDT_Perp	0.0000%	8h	188.07	+0.023%	$22K	$246K	10x	as long as short
SunX SKHY-USDT	0.0000%	8h	188.22	+0.102%	$689	$5.5M	10x	as long as short
HTX SKHY-USDT	0.0000%	8h	187.74	−0.154%	$155K	$376K	50x	as long as short
Phemex SKHYUSDT	0.0000%	8h	187.88	−0.079%	$1.5M	$1.1M	10x	as long as short
Ondo Perps SKHY-USD.P	+0.0020%	1h	187.84	−0.100%	$524K	$2.5M	10x	as long as short
Lighter SKHY	+0.0032%	1h	187.85	−0.095%	$992K	$1.3M	10x	as long as short
Lighter RH SKHY	+0.0032%	1h	187.95	−0.042%	$1.1M	$1.5M	10x	as long as short
Arcus SKHY-USD	+0.0040%	1h	187.97	−0.031%	$60K	$132K	10x	as long as short
Vest SKHY-USD-PERP	+0.0046%	1h	187.97	−0.031%	—	$39K	10x	as long as short
SoDEX SKHY-USD	+0.0050%	1h	187.90	−0.068%	$41K	$12K	10x	as long as short
Orderly PERP_SKHY_USDC_mythos	+0.0100%	8h	187.92	−0.058%	$2K	$4K	10x	as long as short
BloFin SKHY-USDT	+0.0120%	8h	187.88	−0.079%	$2.2M	$462K	50x	as long as short
Phoenix SKHY	+0.0257%	1h	188.11	+0.043%	$211K	$123K	10x	as long as short