Funding arb · Price arb /

SKHY

RWAall SKHY markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0172%/8h= +18.8% APRpaid last 24h −0.013%

Price spread now: Aster against Polymarket Perps+0.066%46s7-day average +0.019% · you sell dearer than you buy

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

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$280.277% of the position

Long on Polymarket Perps Short on Aster

What this pair did over the last

the charts below follow

Funding, last 7 days−0.054%−$5 on $10k

Price spread, last 4 days (all we have)−0.269%−$27 · spread now +0.066%, 7d avg +0.019%

Together, before fees−0.323%+ Points / potential airdropAster: Stage 5 · farm board−$32 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$5 a day on $10k at the current rate, and Aster is 0.047% dearer against Polymarket Perps than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of +0.019%. Mind the row above: over the last 7 days funding on this pair cost −0.054%, so the current rate has only just turned in your favour. The two prices were read 46 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Polymarket Perps SKHY-USD	186.62	−0.0172	get 0.0022% / 1h	39m 44s	$180K	$487K	10x
Short	Aster SKHYUSDT	186.74	0	get 0.0000% / 8h	1h 39m	$226K	$916K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster 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 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 Polymarket PerpsbpFee AsterbpOrdersPrice spread, now +0.066%Rate

Funding earned: $36.14
Price spread: +0.066% → +0.019%: $4.72
Slippage, 4 orders: −$11.66
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee Aster: 4 bp × 2 orders: −$8
Net: $13.2
Costs to cover: 0.277%
Break-even: 4.4 days

Slippage from Polymarket Perps: live order book, 3 min ago; Aster: 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, 3 min ago	2.41 bp	6.4 bp −$6	8.1 bp −$81	12.0 bp −$1,198	doesn't fit
Sell Aster live order book, 3 min ago	1.07 bp	7.2 bp −$7	32.0 bp −$320	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	−0.1160%	8h	186.73	+0.059%	$25.0M	$31.7M	20x	as long as short
Deribit SKHY_USDC-PERPETUAL	−0.0393%	1h	186.65	+0.016%	$49K	$341K	10x	as long as short
edgeX SKHYUSDC	−0.0246%	4h	187.00	+0.203%	$564K	$292K	10x	as long as short
tradeXYZ xyz:SKHY	−0.0187%	1h	186.52	−0.054%	$158.3M	$74.0M	10x	as long as short
Nado SKHY-PERP	−0.0186%	1h	186.93	+0.167%	$33K	$28K	10x	as long as short
Polymarket Perps SKHY-USDlong	−0.0172%	1h	186.62	long leg	$180K	$487K	10x
Popdex SKHYUSDT	−0.0160%	1h	186.73	+0.059%	$197K	$274K	20x	as long as short
Lighter SKHY	−0.0144%	1h	186.49	−0.070%	$962K	$1.1M	10x	as long as short
Kraken Futures PF_SKHYUSD	−0.0139%	1h	186.80	+0.097%	$47K	$19K	20x	as long as short
Coinbase International SKHY-PERP-INTX	−0.0104%	1h	187.75	+0.606%	$63K	$902K	10x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
QFEX SKHY-USD	−0.0049%	1h	186.72	+0.054%	$1.2M	$4.1M	10x	as long as short
Ondo Perps SKHY-USD.P	−0.0032%	1h	186.57	−0.027%	$514K	$2.6M	10x	as long as short
Aster SKHYUSDTshort	0.0000%	8h	186.74	+0.066%	$226K	$916K	50x
Extended SKHY-USD	0.0000%	1h	186.41	−0.110%	$54K	$7K	10x	as long as short
Binance SKHYUSDT	0.0000%	8h	186.52	−0.053%	$199.2M	$438.0M	50x	as long as short
Bybit SKHYUSDT	0.0000%	8h	186.56	−0.032%	$15.8M	$29.3M	100x	as long as short
OKX SKHY-USDT-SWAP	0.0000%	8h	186.48	−0.075%	$44.6M	$77.4M	50x	as long as short
Gate SKHY_USDT	0.0000%	8h	186.53	−0.048%	$25.5M	$20.4M	75x	as long as short
Variational Omni SKHY	0.0000%	8h	186.53	−0.047%	$1.6M	$1.0M	—	as long as short
GRVT SKHY_USDT_Perp	0.0000%	8h	186.65	+0.017%	$22K	$228K	10x	as long as short
SunX SKHY-USDT	0.0000%	8h	186.93	+0.166%	$684	$6.1M	10x	as long as short
HTX SKHY-USDT	0.0000%	8h	186.56	−0.032%	$155K	$367K	50x	as long as short
Phemex SKHYUSDT	0.0000%	8h	186.60	−0.011%	$1.5M	$1.1M	10x	as long as short
Lighter RH SKHY	+0.0032%	1h	186.47	−0.080%	$1.1M	$1.6M	10x	as long as short
Arcus SKHY-USD	+0.0040%	1h	186.65	+0.016%	$58K	$165K	10x	as long as short
Vest SKHY-USD-PERP	+0.0046%	1h	186.77	+0.080%	—	$24K	10x	as long as short
SoDEX SKHY-USD	+0.0050%	1h	186.60	−0.011%	$41K	$13K	10x	as long as short
KuCoin SKHYUSDTM	+0.0100%	8h	186.68	+0.032%	$1.1M	$328K	20x	as long as short
Orderly PERP_SKHY_USDC_mythos	+0.0100%	8h	186.62	0.000%	$2K	$4K	10x	as long as short
BloFin SKHY-USDT	+0.0120%	8h	186.59	−0.016%	$2.2M	$419K	50x	as long as short
Phoenix SKHY	+0.0213%	1h	187.04	+0.225%	$210K	$115K	10x	as long as short