Funding arb · Price arb /

SKHY

RWAall SKHY markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0070%/8h= +7.7% APRpaid last 24h +0.021%

Price spread now: BloFin against Polymarket Perps−0.010%7-day average +0.049% · you buy dearer than you sell

Net, funding: paid 7d − costs−$8as in the Funding arb table

Net, price: spread back to 7d avg − costs−$34as in the Price arb table

costs, in and out, $10k−$280.276% of the position

Long on Polymarket Perps Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.201%+$20 on $10k

Price spread, last 4 days (all we have)−0.261%−$26 · spread now −0.010%, 7d avg +0.049%

Together, before fees−0.060%−$6 on $10k · with fees, hour by hour

Funding pays, the price is against you. BloFin is 0.059% cheaper against Polymarket Perps than usual: you would sell low and buy high (spread −0.010% now, against its 7-day average of +0.049%). If the spread goes back, that is −$6 on $10k: about 2.8 days of funding at the current rate (+$2 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Polymarket Perps SKHY-USD	192.61	0.0050	pay 0.0006% / 1h	24m 35s	$188K	$456K	10x
Short	BloFin SKHY-USDT	192.59	0.0120	get 0.0120% / 8h	5h 24m	$2.2M	$445K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin 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 BloFinbpOrdersPrice spread, now −0.010%Rate

Funding earned: $14.7
Price spread: −0.010% → +0.049%: −$5.93
Slippage, 4 orders: −$7.62
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$18.85
Costs to cover: 0.276%
Break-even: 16.0 days

Slippage from Polymarket Perps: live order book, 38 min ago; BloFin: 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, 38 min ago	2.85 bp	7.8 bp −$8	7.9 bp −$79	10.5 bp −$1,047	doesn't fit
Sell BloFin live order book, 3 min ago	0.26 bp	6.7 bp −$7	8.1 bp −$81	14.9 bp −$1,487	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	−0.0894%	4h	192.62	+0.004%	$581K	$289K	10x	as long as short
Coinbase International SKHY-PERP-INTX	−0.0032%	1h	192.90	+0.151%	$45K	$874K	10x	as long as short
Aster SKHYUSDT	0.0000%	8h	192.69	+0.040%	$248K	$890K	50x	as long as short
Extended SKHY-USD	0.0000%	1h	192.63	+0.011%	$56K	$7K	10x	as long as short
Binance SKHYUSDT	0.0000%	8h	192.69	+0.041%	$206.2M	$389.9M	50x	as long as short
Bybit SKHYUSDT	0.0000%	8h	192.71	+0.052%	$15.7M	$27.3M	100x	as long as short
OKX SKHY-USDT-SWAP	0.0000%	8h	192.74	+0.067%	$46.7M	$69.3M	50x	as long as short
Gate SKHY_USDT	0.0000%	8h	192.62	+0.005%	$25.8M	$19.0M	75x	as long as short
Variational Omni SKHY	0.0000%	8h	192.70	+0.044%	$1.6M	$1.2M	—	as long as short
GRVT SKHY_USDT_Perp	0.0000%	8h	192.68	+0.036%	$23K	$195K	10x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX SKHY-USDT	0.0000%	8h	192.94	+0.171%	$706	$6.4M	10x	as long as short
HTX SKHY-USDT	0.0000%	8h	192.63	+0.010%	$160K	$368K	50x	as long as short
Phemex SKHYUSDT	0.0000%	8h	192.62	+0.005%	$1.5M	$1.1M	10x	as long as short
QFEX SKHY-USD	+0.0004%	1h	192.63	+0.010%	$1.2M	$4.3M	10x	as long as short
Lighter SKHY	+0.0032%	1h	192.55	−0.031%	$1.0M	$688K	10x	as long as short
Lighter RH SKHY	+0.0032%	1h	192.58	−0.016%	$1.1M	$1.5M	10x	as long as short
Arcus SKHY-USD	+0.0040%	1h	192.67	+0.031%	$57K	$154K	10x	as long as short
Vest SKHY-USD-PERP	+0.0046%	1h	192.69	+0.042%	—	$11K	10x	as long as short
Popdex SKHYUSDT	+0.0048%	1h	192.73	+0.062%	$199K	$256K	20x	as long as short
tradeXYZ xyz:SKHY	+0.0050%	1h	192.60	−0.005%	$161.1M	$67.2M	10x	as long as short
Polymarket Perps SKHY-USDlong	+0.0050%	1h	192.61	long leg	$188K	$456K	10x
SoDEX SKHY-USD	+0.0050%	1h	192.63	+0.010%	$43K	$13K	10x	as long as short
Ondo Perps SKHY-USD.P	+0.0050%	1h	192.59	−0.010%	$584K	$2.2M	10x	as long as short
Deribit SKHY_USDC-PERPETUAL	+0.0062%	1h	192.60	−0.005%	$49K	$295K	10x	as long as short
KuCoin SKHYUSDTM	+0.0100%	8h	192.68	+0.036%	$1.1M	$291K	20x	as long as short
Orderly PERP_SKHY_USDC_mythos	+0.0100%	8h	192.68	+0.036%	$2K	$4K	10x	as long as short
BloFin SKHY-USDTshort	+0.0120%	8h	192.59	−0.010%	$2.2M	$445K	50x
Bitget SKHYUSDT	+0.0133%	8h	192.74	+0.067%	$25.4M	$26.7M	20x	as long as short
Nado SKHY-PERP	+0.0168%	1h	192.57	−0.021%	$38K	$26K	10x	as long as short
Phoenix SKHY	+0.0332%	1h	192.88	+0.140%	$216K	$124K	10x	as long as short
Kraken Futures PF_SKHYUSD	+0.0547%	1h	192.76	+0.080%	$51K	$17K	20x	as long as short