Funding arb · Price arb /

SKHY

RWAall SKHY markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0281%/8h= −30.8% APRpaid last 24h −0.008%

Price spread now: KuCoin against Polymarket Perps+0.049%7-day average +0.061% · you sell dearer than you buy

Net, funding: paid 7d − costs−$66as in the Funding arb table

Net, price: spread back to 7d avg − costs−$63as in the Price arb table

costs, in and out, $10k−$610.614% of the position

Long on Polymarket Perps Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.043%−$4 on $10k

Price spread, last 7 days−0.001%$0 · spread now +0.049%, 7d avg +0.061%

Together, before fees−0.045%−$4 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.061%, so right now this pair is about funding alone: −$8 a day on $10k at the current rate.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.043% in total (about -2.3% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Polymarket Perps SKHY-USD	184.44	0.0050	pay 0.0006% / 1h	34m 02s	$178K	$451K	10x
Short	KuCoin SKHYUSDTM	184.53	−0.0231	pay 0.0231% / 8h	7h 34m	$1.1M	$367K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now +0.049%Rate

Funding earned: −$59.01
Price spread: +0.049% → +0.061%: −$1.2
Slippage, 4 orders: −$41.37
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$121.58
Costs to cover: 0.614%
Break-even: never at this rate

Slippage from Polymarket Perps: live order book, 64 min ago; KuCoin: live order book, 1 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, 64 min ago	2.14 bp	6.1 bp −$6	7.4 bp −$74	10.4 bp −$1,045	doesn't fit
Sell KuCoin live order book, 1 min ago	3.26 bp	16.6 bp −$17	doesn't fit	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	−0.1230%	8h	184.52	+0.043%	$25.4M	$34.8M	20x	as long as short
edgeX SKHYUSDC	−0.0952%	4h	184.87	+0.234%	$557K	$290K	10x	as long as short
GRVT SKHY_USDT_Perp	−0.0445%	8h	184.94	+0.273%	$22K	$243K	10x	as long as short
KuCoin SKHYUSDTMshort	−0.0231%	8h	184.53	+0.049%	$1.1M	$367K	20x
Bybit SKHYUSDT	−0.0156%	8h	184.42	−0.011%	$16.3M	$32.6M	100x	as long as short
tradeXYZ xyz:SKHY	−0.0109%	1h	184.34	−0.054%	$156.4M	$77.9M	10x	as long as short
Nado SKHY-PERP	−0.0073%	1h	184.66	+0.118%	$33K	$28K	10x	as long as short
Ondo Perps SKHY-USD.P	−0.0056%	1h	184.51	+0.038%	$515K	$2.6M	10x	as long as short
Extended SKHY-USD	−0.0040%	1h	184.37	−0.036%	$54K	$7K	10x	as long as short
Binance SKHYUSDT	−0.0036%	8h	184.45	+0.004%	$197.2M	$463.0M	50x	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	−0.0028%	1h	184.49	+0.027%	$1.2M	$4.3M	10x	as long as short
HTX SKHY-USDT	−0.0018%	8h	184.42	−0.011%	$153K	$370K	50x	as long as short
Variational Omni SKHY	−0.0004%	8h	184.69	+0.138%	$1.6M	$1.0M	—	as long as short
Aster SKHYUSDT	0.0000%	8h	184.60	+0.088%	$265K	$951K	50x	as long as short
OKX SKHY-USDT-SWAP	0.0000%	8h	184.42	−0.011%	$43.7M	$81.8M	50x	as long as short
Gate SKHY_USDT	0.0000%	8h	184.42	−0.011%	$25.7M	$21.4M	75x	as long as short
SunX SKHY-USDT	0.0000%	8h	184.96	+0.282%	$677	$5.9M	10x	as long as short
Phemex SKHYUSDT	0.0000%	8h	184.71	+0.146%	$1.5M	$1.1M	10x	as long as short
Lighter SKHY	+0.0024%	1h	184.49	+0.027%	$982K	$1.3M	10x	as long as short
Coinbase International SKHY-PERP-INTX	+0.0024%	1h	187.58	+1.702%	$68K	$784K	10x	as long as short
Lighter RH SKHY	+0.0032%	1h	184.49	+0.027%	$1.1M	$1.5M	10x	as long as short
Arcus SKHY-USD	+0.0040%	1h	184.49	+0.027%	$59K	$172K	10x	as long as short
Vest SKHY-USD-PERP	+0.0046%	1h	184.46	+0.011%	—	$34K	10x	as long as short
Popdex SKHYUSDT	+0.0048%	1h	184.53	+0.049%	$201K	$288K	20x	as long as short
Polymarket Perps SKHY-USDlong	+0.0050%	1h	184.44	long leg	$178K	$451K	10x
SoDEX SKHY-USD	+0.0050%	1h	184.58	+0.076%	$41K	$12K	10x	as long as short
BloFin SKHY-USDT	+0.0085%	8h	184.67	+0.125%	$2.1M	$438K	50x	as long as short
Orderly PERP_SKHY_USDC_mythos	+0.0100%	8h	184.64	+0.108%	$2K	$4K	10x	as long as short
Kraken Futures PF_SKHYUSD	+0.0171%	1h	184.65	+0.111%	$48K	$20K	20x	as long as short
Phoenix SKHY	+0.0215%	1h	185.14	+0.380%	$207K	$123K	10x	as long as short
Deribit SKHY_USDC-PERPETUAL	+0.0238%	1h	184.65	+0.114%	$47K	$353K	10x	as long as short