Funding arb · Price arb /

SKHY

RWAall SKHY markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0070%/8h= −7.7% APRpaid last 24h −0.021%

Price spread now: Polymarket Perps against BloFin−0.052%45s7-day average −0.047% · you buy dearer than you sell

Net, funding: paid 7d − costs−$48as 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−$280.278% of the position

Long on BloFin Short on Polymarket Perps

What this pair did over the last

the charts below follow

Funding, last 7 days−0.200%−$20 on $10k

Price spread, last 4 days (all we have)+0.161%+$16 · spread now −0.052%, 7d avg −0.047%

Together, before fees−0.039%−$4 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.047%, so right now this pair is about funding alone: −$2 a day on $10k at the current rate. The two prices were read 45 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	BloFin SKHY-USDT	193.06	0.0120	pay 0.0120% / 8h	4h 10m	$2.3M	$438K	50x
Short	Polymarket Perps SKHY-USD	192.96	0.0050	get 0.0006% / 1h	10m 21s	$189K	$456K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket Perps against BloFin. 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 BloFinbpFee Polymarket PerpsbpOrdersPrice spread, now −0.052%Rate

Funding earned: −$14.7
Price spread: −0.052% → −0.047%: −$0.52
Slippage, 4 orders: −$7.75
Fee BloFin: 6 bp × 2 orders: −$12
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: −$42.97
Costs to cover: 0.278%
Break-even: never at this rate

Slippage from BloFin: live order book, 3 min ago; Polymarket Perps: live order book, 47 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 BloFin live order book, 3 min ago	0.26 bp	6.3 bp −$6	7.6 bp −$76	17.0 bp −$1,701	doesn't fit
Sell Polymarket Perps live order book, 47 min ago	3.37 bp	7.4 bp −$7	7.4 bp −$74	10.9 bp −$1,092	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	−0.0839%	4h	192.88	−0.092%	$581K	$292K	10x	as long as short
Coinbase International SKHY-PERP-INTX	−0.0048%	1h	192.84	−0.114%	$45K	$861K	10x	as long as short
Aster SKHYUSDT	0.0000%	8h	193.05	−0.004%	$249K	$889K	50x	as long as short
Extended SKHY-USD	0.0000%	1h	193.00	−0.033%	$56K	$7K	10x	as long as short
Binance SKHYUSDT	0.0000%	8h	193.06	+0.002%	$203.8M	$394.4M	50x	as long as short
Bybit SKHYUSDT	0.0000%	8h	193.03	−0.016%	$15.7M	$27.7M	100x	as long as short
OKX SKHY-USDT-SWAP	0.0000%	8h	193.04	−0.010%	$46.8M	$70.1M	50x	as long as short
Gate SKHY_USDT	0.0000%	8h	193.00	−0.031%	$25.8M	$18.9M	75x	as long as short
Variational Omni SKHY	0.0000%	8h	192.95	−0.057%	$1.6M	$1.1M	—	as long as short
GRVT SKHY_USDT_Perp	0.0000%	8h	192.92	−0.073%	$23K	$205K	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	193.27	+0.109%	$708	$6.2M	10x	as long as short
Deribit SKHY_USDC-PERPETUAL	0.0000%	1h	193.01	−0.026%	$49K	$322K	10x	as long as short
HTX SKHY-USDT	0.0000%	8h	192.95	−0.057%	$161K	$370K	50x	as long as short
Phemex SKHYUSDT	0.0000%	8h	193.07	+0.005%	$1.5M	$1.1M	10x	as long as short
QFEX SKHY-USD	+0.0015%	1h	192.98	−0.041%	$1.2M	$3.9M	10x	as long as short
Lighter SKHY	+0.0032%	1h	192.93	−0.067%	$1.0M	$698K	10x	as long as short
Lighter RH SKHY	+0.0032%	1h	192.93	−0.067%	$1.1M	$1.6M	10x	as long as short
Arcus SKHY-USD	+0.0040%	1h	193.03	−0.016%	$60K	$161K	10x	as long as short
Vest SKHY-USD-PERP	+0.0046%	1h	192.98	−0.041%	—	$12K	10x	as long as short
Popdex SKHYUSDT	+0.0048%	1h	193.07	+0.005%	$202K	$256K	20x	as long as short
tradeXYZ xyz:SKHY	+0.0050%	1h	192.97	−0.047%	$161.3M	$67.9M	10x	as long as short
Polymarket Perps SKHY-USDshort	+0.0050%	1h	192.96	−0.052%	$189K	$456K	10x
SoDEX SKHY-USD	+0.0050%	1h	192.99	−0.036%	$43K	$13K	10x	as long as short
Ondo Perps SKHY-USD.P	+0.0050%	1h	192.90	−0.083%	$577K	$2.4M	10x	as long as short
KuCoin SKHYUSDTM	+0.0100%	8h	193.00	−0.031%	$1.1M	$316K	20x	as long as short
Orderly PERP_SKHY_USDC_mythos	+0.0100%	8h	193.05	−0.005%	$2K	$4K	10x	as long as short
BloFin SKHY-USDTlong	+0.0120%	8h	193.06	long leg	$2.3M	$438K	50x
Bitget SKHYUSDT	+0.0134%	8h	193.09	+0.016%	$25.2M	$26.9M	20x	as long as short
Nado SKHY-PERP	+0.0149%	1h	193.03	−0.016%	$38K	$26K	10x	as long as short
Phoenix SKHY	+0.0372%	1h	193.21	+0.078%	$216K	$124K	10x	as long as short
Kraken Futures PF_SKHYUSD	+0.1058%	1h	193.09	+0.013%	$49K	$19K	20x	as long as short