Funding arb · Price arb /

SKHY

RWAall SKHY markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC−0.0050%/8h= −5.5% APRpaid last 24h −0.009%

Price spread now: Binance against Polymarket Perps+0.075%46s7-day average +0.082% · you sell dearer than you buy

Net, funding: paid 7d − costs−$26as 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−$230.233% of the position

Long on Polymarket Perps Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.023%−$2 on $10k

Price spread, last 7 days−0.116%−$12 · spread now +0.075%, 7d avg +0.082%

Together, before fees−0.139%−$14 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.082%, so right now this pair is about funding alone: −$2 a day on $10k at the current rate. 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	187.67	0.0050	pay 0.0006% / 1h	43m 45s	$182K	$353K	10x
Short	Binance SKHYUSDT	187.81	0	get 0.0000% / 8h	5h 43m	$198.2M	$473.5M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance 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 BinancebpOrdersPrice spread, now +0.075%Rate

Funding earned: −$10.5
Price spread: +0.075% → +0.082%: −$0.75
Slippage, 4 orders: −$5.3
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee Binance: 5 bp × 2 orders: −$10
Net: −$34.54
Costs to cover: 0.233%
Break-even: never at this rate

Slippage from Polymarket Perps: live order book, 2 min ago; Binance: live order book, 8 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, 2 min ago	2.13 bp	6.1 bp −$6	8.9 bp −$89	doesn't fit	doesn't fit
Sell Binance live order book, 8 min ago	0.27 bp	5.3 bp −$5	7.0 bp −$70	21.7 bp −$2,170	73.0 bp −$36.5K

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	−0.0548%	8h	187.83	+0.085%	$26.1M	$36.4M	20x	as long as short
edgeX SKHYUSDC	−0.0437%	4h	188.02	+0.187%	$567K	$287K	10x	as long as short
Kraken Futures PF_SKHYUSD	−0.0267%	1h	187.30	−0.196%	$51K	$37K	20x	as long as short
KuCoin SKHYUSDTM	−0.0117%	8h	187.79	+0.064%	$1.1M	$478K	20x	as long as short
Nado SKHY-PERP	−0.0091%	1h	187.75	+0.043%	$32K	$28K	10x	as long as short
Deribit SKHY_USDC-PERPETUAL	−0.0069%	1h	187.75	+0.043%	$41K	$475K	10x	as long as short
tradeXYZ xyz:SKHY	−0.0053%	1h	187.75	+0.043%	$158.6M	$78.1M	10x	as long as short
Coinbase International SKHY-PERP-INTX	−0.0040%	1h	187.65	−0.011%	$110K	$768K	10x	as long as short
QFEX SKHY-USD	−0.0013%	1h	187.62	−0.027%	$1.2M	$4.3M	10x	as long as short
Aster SKHYUSDT	0.0000%	8h	187.90	+0.123%	$263K	$913K	50x	as long as short

Show all 31 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended SKHY-USD	0.0000%	1h	187.72	+0.025%	$55K	$7K	10x	as long as short
Binance SKHYUSDTshort	0.0000%	8h	187.81	+0.075%	$198.2M	$473.5M	50x
Bybit SKHYUSDT	0.0000%	8h	187.76	+0.048%	$16.5M	$34.3M	100x	as long as short
OKX SKHY-USDT-SWAP	0.0000%	8h	187.79	+0.064%	$44.5M	$85.6M	50x	as long as short
Gate SKHY_USDT	0.0000%	8h	187.75	+0.043%	$25.4M	$21.7M	75x	as long as short
Variational Omni SKHY	0.0000%	8h	187.84	+0.089%	$1.5M	$1.1M	—	as long as short
GRVT SKHY_USDT_Perp	0.0000%	8h	188.11	+0.234%	$23K	$247K	10x	as long as short
SunX SKHY-USDT	0.0000%	8h	187.98	+0.165%	$688	$5.5M	10x	as long as short
HTX SKHY-USDT	0.0000%	8h	187.72	+0.027%	$155K	$376K	50x	as long as short
Phemex SKHYUSDT	0.0000%	8h	187.80	+0.069%	$1.5M	$1.1M	10x	as long as short
Lighter SKHY	+0.0032%	1h	187.73	+0.032%	$987K	$1.3M	10x	as long as short
Lighter RH SKHY	+0.0032%	1h	187.68	+0.005%	$1.1M	$1.5M	10x	as long as short
Arcus SKHY-USD	+0.0040%	1h	187.63	−0.021%	$60K	$131K	10x	as long as short
Vest SKHY-USD-PERP	+0.0046%	1h	187.73	+0.032%	—	$39K	10x	as long as short
Popdex SKHYUSDT	+0.0048%	1h	187.68	+0.005%	$202K	$308K	20x	as long as short
Polymarket Perps SKHY-USDlong	+0.0050%	1h	187.67	long leg	$182K	$353K	10x
SoDEX SKHY-USD	+0.0050%	1h	187.73	+0.032%	$41K	$12K	10x	as long as short
Ondo Perps SKHY-USD.P	+0.0050%	1h	187.59	−0.043%	$525K	$2.5M	10x	as long as short
Orderly PERP_SKHY_USDC_mythos	+0.0100%	8h	187.73	+0.032%	$2K	$4K	10x	as long as short
BloFin SKHY-USDT	+0.0120%	8h	187.77	+0.053%	$2.2M	$481K	50x	as long as short
Phoenix SKHY	+0.0255%	1h	188.46	+0.421%	$211K	$123K	10x	as long as short