Funding you earn now, next payment 03:00 UTC−0.0115%/8h= −12.6% APRnext payment −$0.14 per $10,000 · paid last 24h +0.023%
Price spread now: Polymarket Perps against Deribit−0.057%7-day average −0.059% · you buy dearer than you sell
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$43as in the Price arb table
costs, in and out, $10k−$430.431% of the position
Funding, last 4 days (all we have)+0.025%+$2 on $10k
+Price spread, last 3 days (all we have)+0.048%+$5 · spread now −0.057%, 7d avg −0.059%
=The price spread sits at its 7-day average of −0.059%, so right now this pair is about funding alone: −$3 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Deribit SKHY_USDC-PERPETUAL | 192.65 | 0.0165 | pay 0.0021% / 1h | 47m 39s | $48K | $285K | 10x |
| Short | Polymarket Perps SKHY-USD | 192.54 | 0.0050 | get 0.0006% / 1h | 47m 39s | $188K | $456K | 10x |
Deribit SKHY_USDC-PERPETUAL
Polymarket Perps SKHY-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Polymarket Perps against Deribit. 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
- −$24.24
- Price spread: −0.057% → −0.059%
- $0.15
- Slippage, 4 orders
- −$28.1
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Fee Polymarket Perps: 4 bp × 2 orders
- −$8
- Net
- −$67.19
- Costs to cover
- 0.431%
- Break-even
- never at this rate
Slippage from Deribit: live order book, 16 min ago; Polymarket Perps: live order book, 15 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 Deribit live order book, 16 min ago | 5.96 bp | 11.3 bp −$11 | 13.8 bp −$138 | doesn't fit | doesn't fit |
| Sell Polymarket Perps live order book, 15 min ago | 2.85 bp | 6.9 bp −$7 | 7.3 bp −$73 | 10.1 bp −$1,009 | doesn't fit |
SKHY on 30 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 | −0.0107% | 4h | 193.03 | +0.196% | $582K | $290K | 10x | as long as short |
| Coinbase International SKHY-PERP-INTX | −0.0032% | 1h | 192.90 | +0.130% | $45K | $874K | 10x | as long as short |
| Aster SKHYUSDT | 0.0000% | 8h | 192.50 | −0.075% | $248K | $890K | 50x | as long as short |
| Extended SKHY-USD | 0.0000% | 1h | 192.40 | −0.130% | $56K | $7K | 10x | as long as short |
| Binance SKHYUSDT | 0.0000% | 8h | 192.48 | −0.090% | $207.7M | $385.6M | 50x | as long as short |
| Bybit SKHYUSDT | 0.0000% | 8h | 192.48 | −0.088% | $15.7M | $27.3M | 100x | as long as short |
| OKX SKHY-USDT-SWAP | 0.0000% | 8h | 192.48 | −0.088% | $46.8M | $69.1M | 50x | as long as short |
| Gate SKHY_USDT | 0.0000% | 8h | 192.40 | −0.130% | $25.8M | $18.9M | 75x | as long as short |
| Variational Omni SKHY | 0.0000% | 8h | 193.08 | +0.222% | $1.6M | $1.3M | — | as long as short |
| GRVT SKHY_USDT_Perp | 0.0000% | 8h | 193.09 | +0.228% | $22K | $193K | 10x | as long as short |
edgeX SKHYUSDC
Coinbase International SKHY-PERP-INTX
Aster SKHYUSDT
Extended SKHY-USD
Binance SKHYUSDT
Bybit SKHYUSDT
OKX SKHY-USDT-SWAP
Gate SKHY_USDT
Variational Omni SKHY
GRVT SKHY_USDT_PerpShow all 30 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| SunX SKHY-USDT | 0.0000% | 8h | 192.89 | +0.125% | $706 | $6.4M | 10x | as long as short |
| HTX SKHY-USDT | 0.0000% | 8h | 192.60 | −0.026% | $160K | $368K | 50x | as long as short |
| Phemex SKHYUSDT | 0.0000% | 8h | 192.59 | −0.031% | $1.5M | $1.1M | 10x | as long as short |
| QFEX SKHY-USD | +0.0004% | 1h | 192.36 | −0.151% | $1.2M | $4.3M | 10x | as long as short |
| Lighter SKHY | +0.0032% | 1h | 192.35 | −0.156% | $1.0M | $687K | 10x | as long as short |
| Lighter RH SKHY | +0.0032% | 1h | 192.37 | −0.145% | $1.1M | $1.5M | 10x | as long as short |
| Arcus SKHY-USD | +0.0040% | 1h | 192.76 | +0.057% | $57K | $154K | 10x | as long as short |
| Vest SKHY-USD-PERP | +0.0046% | 1h | 192.65 | 0.000% | — | $11K | 10x | as long as short |
| Popdex SKHYUSDT | +0.0048% | 1h | 192.41 | −0.125% | $197K | $255K | 20x | as long as short |
| tradeXYZ xyz:SKHY | +0.0050% | 1h | 192.40 | −0.130% | $161.6M | $66.4M | 10x | as long as short |
| Polymarket Perps SKHY-USDshort | +0.0050% | 1h | 192.54 | −0.057% | $188K | $456K | 10x | |
| SoDEX SKHY-USD | +0.0050% | 1h | 192.61 | −0.021% | $43K | $13K | 10x | as long as short |
| Ondo Perps SKHY-USD.P | +0.0050% | 1h | 192.47 | −0.093% | $569K | $2.1M | 10x | as long as short |
| KuCoin SKHYUSDTM | +0.0100% | 8h | 192.50 | −0.078% | $1.1M | $290K | 20x | as long as short |
| Orderly PERP_SKHY_USDC_mythos | +0.0100% | 8h | 192.62 | −0.016% | $2K | $4K | 10x | as long as short |
| Nado SKHY-PERP | +0.0132% | 1h | 192.53 | −0.062% | $38K | $26K | 10x | as long as short |
| Deribit SKHY_USDC-PERPETUALlong | +0.0165% | 1h | 192.65 | long leg | $48K | $285K | 10x | |
| Bitget SKHYUSDT | +0.0209% | 8h | 192.65 | 0.000% | $25.5M | $26.4M | 20x | as long as short |
| Phoenix SKHY | +0.0332% | 1h | 193.23 | +0.301% | $216K | $124K | 10x | as long as short |
| Kraken Futures PF_SKHYUSD | +0.0547% | 1h | 192.68 | +0.016% | $51K | $17K | 20x | as long as short |
SunX SKHY-USDT
HTX SKHY-USDT
Phemex SKHYUSDT
QFEX SKHY-USD
Lighter SKHY
Lighter RH SKHY
Arcus SKHY-USD
Vest SKHY-USD-PERP
Popdex SKHYUSDT
tradeXYZ xyz:SKHY
SoDEX SKHY-USD
Ondo Perps SKHY-USD.P
KuCoin SKHYUSDTM
Orderly PERP_SKHY_USDC_mythos
Nado SKHY-PERP
Bitget SKHYUSDT
Phoenix SKHY
Kraken Futures PF_SKHYUSD