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Funding arb · Price arb /

SKHY

RWAall SKHY markets
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Alert: funding
Measured
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Alert: spread
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Funding you earn now, next payment 01:00 UTC−0.0050%/8h= −5.5% APRpaid last 24h −0.012%
Price spread now: OKX against Polymarket Perps+0.057%7-day average +0.079% · 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−$28as in the Price arb table
costs, in and out, $10k−$260.257% of the position
Long on Polymarket PerpsShort on OKX
What this pair did over the last
the charts below follow
Funding, last 7 days−0.007%−$1 on $10k
Price spread, last 7 days+0.100%+$10 · spread now +0.057%, 7d avg +0.079%
Together, before fees+0.093%+$9 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and OKX is 0.022% cheaper against Polymarket Perps than usual: you would sell low and buy high (−$2 if the spread goes back to its 7-day average of +0.079%). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongPolymarket Perps SKHY-USD193.220.0050pay 0.0006% / 1h0m 09s$190K$454K10x
ShortOKX SKHY-USDT-SWAP193.330get 0.0000% / 8h7h 00m$46.9M$68.6M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

OKX 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

Funding earned
−$10.5
Price spread: +0.057% → +0.079%
−$2.19
Slippage, 4 orders
−$7.69
Fee Polymarket Perps: 4 bp × 2 orders
−$8
Fee OKX: 5 bp × 2 orders
−$10
Net
−$38.37
Costs to cover
0.257%
Break-even
never at this rate
Slippage from Polymarket Perps: live order book, 7 min ago; OKX: live order book, 4 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Polymarket Perps live order book, 7 min ago2.85 bp6.8 bp −$77.7 bp −$7711.3 bp −$1,135doesn't fit
Sell OKX live order book, 4 min ago0.26 bp5.6 bp −$68.1 bp −$8132.4 bp −$3,245doesn't fit

SKHY on 31 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
edgeX SKHYUSDC−0.0880%4h193.20−0.011%$582K$291K10xas long as short
Nado SKHY-PERP−0.0023%1h193.33+0.055%$44K$20K10xas long as short
Aster SKHYUSDT0.0000%8h193.19−0.016%$249K$890K50xas long as short
Extended SKHY-USD0.0000%1h193.19−0.015%$56K$7K10xas long as short
Binance SKHYUSDT0.0000%8h193.23+0.005%$211.4M$385.1M50xas long as short
Bybit SKHYUSDT0.0000%8h193.26+0.021%$15.7M$27.1M100xas long as short
OKX SKHY-USDT-SWAPshort0.0000%8h193.33+0.057%$46.9M$68.6M50x
Gate SKHY_USDT0.0000%8h193.24+0.010%$25.8M$18.9M75xas long as short
Variational Omni SKHY0.0000%8h193.13−0.046%$1.7M$2.3M—as long as short
SunX SKHY-USDT0.0000%8h193.59+0.191%$709$6.7M10xas long as short
Show all 31 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Deribit SKHY_USDC-PERPETUAL0.0000%1h193.25+0.016%$48K$270K10xas long as short
HTX SKHY-USDT0.0000%8h193.19−0.016%$160K$376K50xas long as short
Phemex SKHYUSDT0.0000%8h193.220.000%$1.5M$1.1M10xas long as short
QFEX SKHY-USD+0.0005%1h193.27+0.026%$1.2M$4.9M10xas long as short
Lighter SKHY+0.0032%1h193.15−0.036%$1.0M$699K10xas long as short
Lighter RH SKHY+0.0032%1h193.11−0.057%$1.1M$1.5M10xas long as short
Arcus SKHY-USD+0.0040%1h193.25+0.016%$57K$153K10xas long as short
Vest SKHY-USD-PERP+0.0046%1h193.29+0.036%—$12K10xas long as short
Popdex SKHYUSDT+0.0048%1h193.33+0.057%$197K$258K20xas long as short
tradeXYZ xyz:SKHY+0.0050%1h193.26+0.021%$163.5M$66.7M10xas long as short
Polymarket Perps SKHY-USDlong+0.0050%1h193.22long leg$190K$454K10x
SoDEX SKHY-USD+0.0050%1h193.18−0.021%$43K$13K10xas long as short
Ondo Perps SKHY-USD.P+0.0050%1h193.39+0.088%$541K$1.7M10xas long as short
Coinbase International SKHY-PERP-INTX+0.0088%1h193.24+0.010%$54K$870K10xas long as short
KuCoin SKHYUSDTM+0.0100%8h193.24+0.010%$1.1M$279K20xas long as short
Orderly PERP_SKHY_USDC_mythos+0.0100%8h193.25+0.016%$2K$4K10xas long as short
BloFin SKHY-USDT+0.0120%8h193.19−0.016%$2.2M$446K50xas long as short
Phoenix SKHY+0.0335%1h193.41+0.098%$218K$120K10xas long as short
GRVT SKHY_USDT_Perp+0.0406%8h193.39+0.088%$23K$192K10xas long as short
Bitget SKHYUSDT+0.0427%8h193.24+0.010%$25.6M$27.0M20xas long as short
Kraken Futures PF_SKHYUSD+0.0708%1h193.35+0.070%$51K$17K20xas long as short