Funding you earn now, next payment 01:00 UTC−0.0050%/8h= −5.5% APRpaid last 24h −0.012%
Price spread now: Gate against Polymarket Perps+0.010%7-day average +0.056% · you sell dearer than you buy
Net, funding: paid 7d − costs−$41as in the Funding arb table
Net, price: spread back to 7d avg − costs−$43as in the Price arb table
costs, in and out, $10k−$380.382% of the position
Funding, last 7 days−0.031%−$3 on $10k
+Price spread, last 7 days+0.112%+$11 · spread now +0.010%, 7d avg +0.056%
=Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Gate is 0.046% cheaper against Polymarket Perps than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of +0.056%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Polymarket Perps SKHY-USD | 193.08 | 0.0050 | pay 0.0006% / 1h | 23m 49s | $190K | $454K | 10x |
| Short | Gate SKHY_USDT | 193.10 | 0 | get 0.0000% / 8h | 7h 23m | $25.9M | $18.3M | 75x |
Funding history
latest
Range statsloading…
Price spread between the two exchanges
Gate 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 itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$10.5
- Price spread: +0.010% → +0.056%
- −$4.6
- Slippage, 4 orders
- −$15.23
- Fee Polymarket Perps: 4 bp × 2 orders
- −$8
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$53.33
- Costs to cover
- 0.382%
- Break-even
- never at this rate
Slippage from Polymarket Perps: live order book, 49 min ago; Gate: live order book, 5 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, 49 min ago | 2.64 bp | 6.6 bp −$7 | 8.9 bp −$89 | 12.1 bp −$1,213 | doesn't fit |
| Sell Gate live order book, 5 min ago | 1.04 bp | 12.9 bp −$13 | 26.9 bp −$269 | 70.8 bp −$7,078 | 124.8 bp −$62.4K |
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 | −0.0214% | 4h | 193.23 | +0.079% | $583K | $289K | 10x | as long as short |
| Nado SKHY-PERP | −0.0002% | 1h | 193.15 | +0.035% | $29K | $2K | 10x | as long as short |
| Aster SKHYUSDT | 0.0000% | 8h | 192.79 | −0.151% | $248K | $921K | 50x | as long as short |
| Extended SKHY-USD | 0.0000% | 1h | 193.03 | −0.027% | $56K | $6K | 10x | as long as short |
| Binance SKHYUSDT | 0.0000% | 8h | 193.15 | +0.035% | $212.0M | $382.9M | 50x | as long as short |
| Bybit SKHYUSDT | 0.0000% | 8h | 193.20 | +0.062% | $15.7M | $27.1M | 100x | as long as short |
| OKX SKHY-USDT-SWAP | 0.0000% | 8h | 193.18 | +0.052% | $46.9M | $67.7M | 50x | as long as short |
| Gate SKHY_USDTshort | 0.0000% | 8h | 193.10 | +0.010% | $25.9M | $18.3M | 75x | |
| Variational Omni SKHY | 0.0000% | 8h | 193.27 | +0.100% | $1.6M | $2.3M | — | as long as short |
| SunX SKHY-USDT | 0.0000% | 8h | 193.46 | +0.197% | $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 | 193.16 | +0.041% | $47K | $268K | 10x | as long as short |
| HTX SKHY-USDT | 0.0000% | 8h | 193.10 | +0.010% | $160K | $386K | 50x | as long as short |
| Phemex SKHYUSDT | 0.0000% | 8h | 192.95 | −0.067% | $1.5M | $1.1M | 10x | as long as short |
| QFEX SKHY-USD | +0.0005% | 1h | 193.09 | +0.005% | $1.2M | $4.9M | 10x | as long as short |
| Lighter SKHY | +0.0032% | 1h | 193.01 | −0.036% | $1.0M | $674K | 10x | as long as short |
| Lighter RH SKHY | +0.0032% | 1h | 192.95 | −0.067% | $1.1M | $1.5M | 10x | as long as short |
| Arcus SKHY-USD | +0.0040% | 1h | 193.11 | +0.016% | $57K | $153K | 10x | as long as short |
| Vest SKHY-USD-PERP | +0.0046% | 1h | 193.14 | +0.031% | — | $12K | 10x | as long as short |
| Popdex SKHYUSDT | +0.0048% | 1h | 193.16 | +0.041% | $197K | $256K | 20x | as long as short |
| Polymarket Perps SKHY-USDlong | +0.0050% | 1h | 193.08 | long leg | $190K | $454K | 10x | |
| Ondo Perps SKHY-USD.P | +0.0050% | 1h | 193.26 | +0.093% | $555K | $1.7M | 10x | as long as short |
| tradeXYZ xyz:SKHY | +0.0065% | 1h | 193.09 | +0.005% | $164.9M | $64.9M | 10x | as long as short |
| Coinbase International SKHY-PERP-INTX | +0.0088% | 1h | 192.17 | −0.471% | $117K | $795K | 10x | as long as short |
| KuCoin SKHYUSDTM | +0.0100% | 8h | 192.95 | −0.067% | $1.1M | $277K | 20x | as long as short |
| Orderly PERP_SKHY_USDC_mythos | +0.0100% | 8h | 193.17 | +0.047% | $2K | $4K | 10x | as long as short |
| SoDEX SKHY-USD | +0.0110% | 1h | 193.03 | −0.026% | $43K | $13K | 10x | as long as short |
| BloFin SKHY-USDT | +0.0120% | 8h | 193.29 | +0.109% | $2.2M | $446K | 50x | as long as short |
| Bitget SKHYUSDT | +0.0201% | 8h | 193.18 | +0.052% | $25.7M | $26.6M | 20x | as long as short |
| Phoenix SKHY | +0.0335% | 1h | 192.76 | −0.166% | $217K | $120K | 10x | as long as short |
| GRVT SKHY_USDT_Perp | +0.0479% | 8h | 193.36 | +0.144% | $23K | $195K | 10x | as long as short |
| Kraken Futures PF_SKHYUSD | +0.0708% | 1h | 193.22 | +0.075% | $51K | $22K | 20x | as long as short |
Polymarket Perps SKHY-USD
Gate SKHY_USDT
edgeX SKHYUSDC
Aster SKHYUSDT
Extended SKHY-USD
Binance SKHYUSDT
Bybit SKHYUSDT
OKX SKHY-USDT-SWAP
Variational Omni SKHY
SunX SKHY-USDT
Deribit SKHY_USDC-PERPETUAL
HTX SKHY-USDT
Phemex SKHYUSDT
Lighter SKHY
Lighter RH SKHY
Popdex SKHYUSDT
tradeXYZ xyz:SKHY
Coinbase International SKHY-PERP-INTX
KuCoin SKHYUSDTM
SoDEX SKHY-USD
BloFin SKHY-USDT
Bitget SKHYUSDT
Phoenix SKHY
GRVT SKHY_USDT_Perp
Kraken Futures PF_SKHYUSD