Funding arb · Price arb /

SKHY

RWAall SKHY markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0050%/8h= −5.5% APRpaid last 24h +0.008%

Price spread now: Polymarket Perps against KuCoin−0.031%7-day average −0.060% · you buy dearer than you sell

Net, funding: paid 7d − costs−$63as in the Funding arb table

Net, price: spread back to 7d avg − costs−$68as in the Price arb table

costs, in and out, $10k−$710.709% of the position

Long on KuCoin Short on Polymarket Perps

What this pair did over the last

the charts below follow

Funding, last 7 days+0.078%+$8 on $10k

Price spread, last 7 days+0.258%+$26 · spread now −0.031%, 7d avg −0.060%

Together, before fees+0.336%+$34 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Polymarket Perps is 0.028% dearer against KuCoin than usual: you sell high and buy low (spread −0.031% now, against its 7-day average of −0.060%): +$3 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 45 hours. Mind the row above: over the last 7 days funding on this pair paid +0.078%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin SKHYUSDTM	192.70	0.0100	pay 0.0100% / 8h	6h 14m	$1.1M	$285K	20x
Short	Polymarket Perps SKHY-USD	192.64	0.0050	get 0.0006% / 1h	14m 08s	$188K	$456K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket Perps against KuCoin. 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 KuCoinbpFee Polymarket PerpsbpOrdersPrice spread, now −0.031%Rate

Funding earned: −$10.5
Price spread: −0.031% → −0.060%: $2.84
Slippage, 4 orders: −$50.86
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: −$78.52
Costs to cover: 0.709%
Break-even: never at this rate

Slippage from KuCoin: live order book, 1 min ago; Polymarket Perps: live order book, 53 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 KuCoin live order book, 1 min ago	2.85 bp	26.6 bp −$27	doesn't fit	doesn't fit	doesn't fit
Sell Polymarket Perps live order book, 53 min ago	2.85 bp	6.8 bp −$7	6.8 bp −$68	9.3 bp −$932	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	−0.0382%	4h	192.39	−0.163%	$580K	$291K	10x	as long as short
Coinbase International SKHY-PERP-INTX	−0.0072%	1h	192.90	+0.104%	$45K	$874K	10x	as long as short
Aster SKHYUSDT	0.0000%	8h	192.71	+0.006%	$248K	$890K	50x	as long as short
Extended SKHY-USD	0.0000%	1h	192.69	−0.004%	$56K	$7K	10x	as long as short
Binance SKHYUSDT	0.0000%	8h	192.70	0.000%	$208.9M	$386.2M	50x	as long as short
Bybit SKHYUSDT	0.0000%	8h	192.75	+0.026%	$15.7M	$27.3M	100x	as long as short
OKX SKHY-USDT-SWAP	0.0000%	8h	192.75	+0.026%	$46.7M	$69.1M	50x	as long as short
Gate SKHY_USDT	0.0000%	8h	192.70	0.000%	$25.8M	$18.9M	75x	as long as short
Variational Omni SKHY	0.0000%	8h	192.55	−0.078%	$1.6M	$1.9M	—	as long as short
GRVT SKHY_USDT_Perp	0.0000%	8h	192.44	−0.137%	$22K	$192K	10x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX SKHY-USDT	0.0000%	8h	193.04	+0.176%	$707	$6.5M	10x	as long as short
Deribit SKHY_USDC-PERPETUAL	0.0000%	1h	192.75	+0.026%	$48K	$272K	10x	as long as short
HTX SKHY-USDT	0.0000%	8h	192.70	0.000%	$160K	$369K	50x	as long as short
Phemex SKHYUSDT	0.0000%	8h	192.77	+0.036%	$1.5M	$1.1M	10x	as long as short
QFEX SKHY-USD	+0.0002%	1h	192.66	−0.021%	$1.2M	$4.4M	10x	as long as short
Lighter SKHY	+0.0032%	1h	192.65	−0.026%	$1.0M	$687K	10x	as long as short
Lighter RH SKHY	+0.0032%	1h	192.64	−0.031%	$1.1M	$1.5M	10x	as long as short
Arcus SKHY-USD	+0.0040%	1h	192.59	−0.057%	$57K	$155K	10x	as long as short
Nado SKHY-PERP	+0.0042%	1h	192.73	+0.015%	$38K	$26K	10x	as long as short
Vest SKHY-USD-PERP	+0.0046%	1h	192.67	−0.016%	—	$12K	10x	as long as short
Popdex SKHYUSDT	+0.0048%	1h	192.73	+0.016%	$198K	$256K	20x	as long as short
tradeXYZ xyz:SKHY	+0.0050%	1h	192.68	−0.010%	$162.1M	$66.4M	10x	as long as short
Polymarket Perps SKHY-USDshort	+0.0050%	1h	192.64	−0.031%	$188K	$456K	10x
SoDEX SKHY-USD	+0.0050%	1h	192.68	−0.010%	$43K	$13K	10x	as long as short
Ondo Perps SKHY-USD.P	+0.0050%	1h	192.67	−0.016%	$531K	$1.9M	10x	as long as short
KuCoin SKHYUSDTMlong	+0.0100%	8h	192.70	long leg	$1.1M	$285K	20x
Orderly PERP_SKHY_USDC_mythos	+0.0100%	8h	192.72	+0.010%	$2K	$4K	10x	as long as short
Bitget SKHYUSDT	+0.0246%	8h	192.76	+0.031%	$25.5M	$26.3M	20x	as long as short
Phoenix SKHY	+0.0331%	1h	192.48	−0.114%	$216K	$123K	10x	as long as short
Kraken Futures PF_SKHYUSD	+0.0707%	1h	192.86	+0.084%	$51K	$17K	20x	as long as short