Funding arb · Price arb /

SKHY

RWAall SKHY markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0050%/8h= +5.5% APRpaid last 24h +0.012%

Price spread now: Polymarket Perps against Gate−0.124%7-day average −0.056% · you buy dearer than you sell

Net, funding: paid 7d − costs−$33as in the Funding arb table

Net, price: spread back to 7d avg − costs−$43as in the Price arb table

costs, in and out, $10k−$370.365% of the position

Long on Gate Short on Polymarket Perps

What this pair did over the last

the charts below follow

Funding, last 7 days+0.031%+$3 on $10k

Price spread, last 7 days+0.002%$0 · spread now −0.124%, 7d avg −0.056%

Together, before fees+0.032%+$3 on $10k · with fees, hour by hour

Funding pays, the price is against you. Polymarket Perps is 0.068% cheaper against Gate than usual: you would sell low and buy high (spread −0.124% now, against its 7-day average of −0.056%). If the spread goes back, that is −$7 on $10k: about 4.5 days of funding at the current rate (+$2 a day). At the pace of the last 7 days (+0.031% in total) that is about 15 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate SKHY_USDT	193.39	0	get 0.0000% / 8h	7h 22m	$25.9M	$18.4M	75x
Short	Polymarket Perps SKHY-USD	193.15	0.0050	get 0.0006% / 1h	22m 42s	$190K	$454K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket Perps against Gate. 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 GatebpFee Polymarket PerpsbpOrdersPrice spread, now −0.124%Rate

Funding earned: $10.5
Price spread: −0.124% → −0.056%: −$6.77
Slippage, 4 orders: −$13.53
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: −$32.8
Costs to cover: 0.365%
Break-even: 28.9 days

Slippage from Gate: live order book, 1 min ago; Polymarket Perps: live order book, 50 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 Gate live order book, 1 min ago	1.55 bp	10.8 bp −$11	15.4 bp −$154	26.6 bp −$2,660	50.6 bp −$25.3K
Sell Polymarket Perps live order book, 50 min ago	2.64 bp	7.2 bp −$7	7.2 bp −$72	9.7 bp −$971	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
edgeX SKHYUSDC	−0.0274%	4h	193.27	−0.060%	$583K	$289K	10x	as long as short
Nado SKHY-PERP	−0.0002%	1h	193.23	−0.083%	$29K	$2K	10x	as long as short
Aster SKHYUSDT	0.0000%	8h	193.17	−0.115%	$249K	$921K	50x	as long as short
Extended SKHY-USD	0.0000%	1h	193.37	−0.012%	$56K	$6K	10x	as long as short
Binance SKHYUSDT	0.0000%	8h	193.46	+0.037%	$212.3M	$383.1M	50x	as long as short
Bybit SKHYUSDT	0.0000%	8h	193.50	+0.057%	$15.7M	$27.1M	100x	as long as short
OKX SKHY-USDT-SWAP	0.0000%	8h	193.48	+0.047%	$47.0M	$67.9M	50x	as long as short
Gate SKHY_USDTlong	0.0000%	8h	193.39	long leg	$25.9M	$18.4M	75x
Variational Omni SKHY	0.0000%	8h	193.27	−0.060%	$1.6M	$2.3M	—	as long as short
SunX SKHY-USDT	0.0000%	8h	193.56	+0.088%	$708	$6.8M	10x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Deribit SKHY_USDC-PERPETUAL	0.0000%	1h	193.26	−0.067%	$47K	$268K	10x	as long as short
HTX SKHY-USDT	0.0000%	8h	193.17	−0.114%	$160K	$386K	50x	as long as short
Phemex SKHYUSDT	0.0000%	8h	193.23	−0.083%	$1.5M	$1.1M	10x	as long as short
QFEX SKHY-USD	+0.0005%	1h	193.17	−0.114%	$1.2M	$4.9M	10x	as long as short
Lighter SKHY	+0.0032%	1h	193.36	−0.016%	$1.0M	$677K	10x	as long as short
Lighter RH SKHY	+0.0032%	1h	193.33	−0.031%	$1.1M	$1.5M	10x	as long as short
Arcus SKHY-USD	+0.0040%	1h	193.12	−0.140%	$57K	$153K	10x	as long as short
Vest SKHY-USD-PERP	+0.0046%	1h	193.19	−0.103%	—	$12K	10x	as long as short
Popdex SKHYUSDT	+0.0048%	1h	193.22	−0.088%	$197K	$256K	20x	as long as short
Polymarket Perps SKHY-USDshort	+0.0050%	1h	193.15	−0.124%	$190K	$454K	10x
Ondo Perps SKHY-USD.P	+0.0050%	1h	193.26	−0.067%	$555K	$1.7M	10x	as long as short
tradeXYZ xyz:SKHY	+0.0062%	1h	193.36	−0.016%	$164.8M	$65.2M	10x	as long as short
Coinbase International SKHY-PERP-INTX	+0.0088%	1h	192.17	−0.631%	$117K	$795K	10x	as long as short
SoDEX SKHY-USD	+0.0091%	1h	193.26	−0.067%	$43K	$13K	10x	as long as short
KuCoin SKHYUSDTM	+0.0100%	8h	193.27	−0.062%	$1.1M	$277K	20x	as long as short
Orderly PERP_SKHY_USDC_mythos	+0.0100%	8h	193.27	−0.062%	$2K	$4K	10x	as long as short
BloFin SKHY-USDT	+0.0120%	8h	193.36	−0.016%	$2.2M	$446K	50x	as long as short
Bitget SKHYUSDT	+0.0213%	8h	193.27	−0.062%	$25.7M	$26.6M	20x	as long as short
Phoenix SKHY	+0.0335%	1h	193.33	−0.031%	$218K	$120K	10x	as long as short
GRVT SKHY_USDT_Perp	+0.0554%	8h	193.28	−0.058%	$23K	$195K	10x	as long as short
Kraken Futures PF_SKHYUSD	+0.0708%	1h	193.34	−0.026%	$51K	$22K	20x	as long as short