Funding arb · Price arb /

SKHY

RWAall SKHY markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0133%/8h= +14.6% APRpaid last 24h +0.015%

Price spread now: Polymarket Perps against Bitget−0.058%50s7-day average −0.083% · you buy dearer than you sell

Net, funding: paid 7d − costs−$32as 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−$310.312% of the position

Long on Bitget Short on Polymarket Perps

What this pair did over the last

the charts below follow

Funding, last 7 days−0.004%$0 on $10k

Price spread, last 7 days−0.048%−$5 · spread now −0.058%, 7d avg −0.083%

Together, before fees−0.052%−$5 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and Polymarket Perps is 0.025% dearer against Bitget than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of −0.083%. The two prices were read 50 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	Bitget SKHYUSDT	189.60	−0.0083	get 0.0083% / 8h	3h 15m	$24.2M	$29.2M	20x
Short	Polymarket Perps SKHY-USD	189.49	0.0050	get 0.0006% / 1h	15m 36s	$183K	$470K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket Perps against Bitget. 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 BitgetbpFee Polymarket PerpsbpOrdersPrice spread, now −0.058%Rate

Funding earned: $27.93
Price spread: −0.058% → −0.083%: $2.52
Slippage, 4 orders: −$11.16
Fee Bitget: 6 bp × 2 orders: −$12
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: −$0.71
Costs to cover: 0.312%
Break-even: 7.2 days

Slippage from Bitget: live order book, 3 min ago; Polymarket Perps: live order book, 37 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 Bitget live order book, 3 min ago	0.79 bp	8.7 bp −$9	17.5 bp −$175	29.0 bp −$2,904	48.4 bp −$24.2K
Sell Polymarket Perps live order book, 37 min ago	2.87 bp	7.3 bp −$7	7.4 bp −$74	9.7 bp −$965	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	−0.0229%	4h	189.30	−0.156%	$571K	$291K	10x	as long as short
Coinbase International SKHY-PERP-INTX	−0.0104%	1h	189.86	+0.137%	$36K	$876K	10x	as long as short
Bitget SKHYUSDTlong	−0.0083%	8h	189.60	long leg	$24.2M	$29.2M	20x
tradeXYZ xyz:SKHY	−0.0021%	1h	189.52	−0.042%	$158.8M	$69.8M	10x	as long as short
Aster SKHYUSDT	0.0000%	8h	189.57	−0.014%	$245K	$894K	50x	as long as short
Extended SKHY-USD	0.0000%	1h	189.50	−0.054%	$55K	$7K	10x	as long as short
Binance SKHYUSDT	0.0000%	8h	189.57	−0.013%	$199.9M	$410.0M	50x	as long as short
Bybit SKHYUSDT	0.0000%	8h	189.58	−0.011%	$15.4M	$28.8M	100x	as long as short
OKX SKHY-USDT-SWAP	0.0000%	8h	189.56	−0.021%	$44.9M	$73.5M	50x	as long as short
Gate SKHY_USDT	0.0000%	8h	189.51	−0.047%	$25.4M	$19.8M	75x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni SKHY	0.0000%	8h	189.52	−0.041%	$1.6M	$1.1M	—	as long as short
GRVT SKHY_USDT_Perp	0.0000%	8h	189.44	−0.084%	$22K	$216K	10x	as long as short
SunX SKHY-USDT	0.0000%	8h	189.85	+0.132%	$695	$6.2M	10x	as long as short
Deribit SKHY_USDC-PERPETUAL	0.0000%	1h	189.56	−0.021%	$48K	$330K	10x	as long as short
HTX SKHY-USDT	0.0000%	8h	189.42	−0.095%	$158K	$368K	50x	as long as short
Phemex SKHYUSDT	0.0000%	8h	189.48	−0.063%	$1.5M	$1.1M	10x	as long as short
QFEX SKHY-USD	+0.0011%	1h	189.58	−0.011%	$1.2M	$4.1M	10x	as long as short
Lighter SKHY	+0.0016%	1h	189.46	−0.074%	$998K	$733K	10x	as long as short
Nado SKHY-PERP	+0.0028%	1h	189.70	+0.054%	$34K	$28K	10x	as long as short
Lighter RH SKHY	+0.0032%	1h	189.49	−0.058%	$1.0M	$1.5M	10x	as long as short
Arcus SKHY-USD	+0.0040%	1h	189.43	−0.090%	$58K	$164K	10x	as long as short
Vest SKHY-USD-PERP	+0.0046%	1h	189.57	−0.016%	—	$12K	10x	as long as short
Popdex SKHYUSDT	+0.0048%	1h	189.59	−0.005%	$200K	$257K	20x	as long as short
Polymarket Perps SKHY-USDshort	+0.0050%	1h	189.49	−0.058%	$183K	$470K	10x
SoDEX SKHY-USD	+0.0050%	1h	189.45	−0.079%	$42K	$13K	10x	as long as short
Ondo Perps SKHY-USD.P	+0.0050%	1h	189.47	−0.069%	$528K	$2.6M	10x	as long as short
KuCoin SKHYUSDTM	+0.0100%	8h	189.55	−0.026%	$1.1M	$315K	20x	as long as short
Orderly PERP_SKHY_USDC_mythos	+0.0100%	8h	189.55	−0.026%	$2K	$4K	10x	as long as short
BloFin SKHY-USDT	+0.0120%	8h	189.43	−0.090%	$2.2M	$437K	50x	as long as short
Phoenix SKHY	+0.0375%	1h	189.58	−0.011%	$212K	$124K	10x	as long as short
Kraken Futures PF_SKHYUSD	+0.0691%	1h	189.68	+0.041%	$48K	$19K	20x	as long as short