SKHY

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0040%/8h= −4.4% APRnext payment −$0.05 per $10,000 · paid last 24h −0.023%

Price spread now: Deribit against Polymarket Perps+0.026%7-day average +0.060% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$46as in the Price arb table

costs, in and out, $10k−$430.431% of the position

Long on Polymarket Perps Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.025%−$3 on $10k

Price spread, last 4 days (all we have)−0.324%−$32 · spread now +0.026%, 7d avg +0.060%

Together, before fees−0.349%−$35 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Deribit is 0.034% cheaper against Polymarket Perps than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of +0.060%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Polymarket Perps SKHY-USD	192.33	0.0050	pay 0.0006% / 1h	46m 54s	$188K	$456K	10x
Short	Deribit SKHY_USDC-PERPETUAL	192.38	0.0010	get 0.0001% / 1h	46m 54s	$48K	$286K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit 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

Position, each leg$Hold fordaysFee Polymarket PerpsbpFee DeribitbpOrdersPrice spread, now +0.026%Rate

Funding earned: −$8.41
Price spread: +0.026% → +0.060%: −$3.35
Slippage, 4 orders: −$28.1
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$54.86
Costs to cover: 0.431%
Break-even: never at this rate

Slippage from Polymarket Perps: live order book, 16 min ago; Deribit: live order book, 17 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 Polymarket Perps live order book, 16 min ago	2.85 bp	7.8 bp −$8	7.9 bp −$79	10.5 bp −$1,047	doesn't fit
Sell Deribit live order book, 17 min ago	5.96 bp	17.1 bp −$17	20.2 bp −$202	doesn't fit	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	−0.0716%	4h	192.85	+0.270%	$581K	$291K	10x	as long as short
Coinbase International SKHY-PERP-INTX	−0.0032%	1h	192.90	+0.296%	$45K	$874K	10x	as long as short
Aster SKHYUSDT	0.0000%	8h	192.35	+0.008%	$247K	$890K	50x	as long as short
Extended SKHY-USD	0.0000%	1h	192.29	−0.019%	$56K	$7K	10x	as long as short
Binance SKHYUSDT	0.0000%	8h	192.31	−0.008%	$207.5M	$385.9M	50x	as long as short
Bybit SKHYUSDT	0.0000%	8h	192.35	+0.010%	$15.7M	$27.3M	100x	as long as short
OKX SKHY-USDT-SWAP	0.0000%	8h	192.34	+0.005%	$46.7M	$69.0M	50x	as long as short
Gate SKHY_USDT	0.0000%	8h	192.26	−0.036%	$25.8M	$18.9M	75x	as long as short
Variational Omni SKHY	0.0000%	8h	193.08	+0.389%	$1.6M	$1.3M	—	as long as short
GRVT SKHY_USDT_Perp	0.0000%	8h	193.09	+0.395%	$22K	$193K	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	192.64	+0.161%	$705	$6.4M	10x	as long as short
HTX SKHY-USDT	0.0000%	8h	192.34	+0.005%	$160K	$368K	50x	as long as short
Phemex SKHYUSDT	0.0000%	8h	192.35	+0.010%	$1.5M	$1.1M	10x	as long as short
QFEX SKHY-USD	+0.0004%	1h	192.36	+0.016%	$1.2M	$4.3M	10x	as long as short
Deribit SKHY_USDC-PERPETUALshort	+0.0010%	1h	192.38	+0.026%	$48K	$286K	10x
Lighter SKHY	+0.0032%	1h	192.22	−0.057%	$1.0M	$687K	10x	as long as short
Lighter RH SKHY	+0.0032%	1h	192.24	−0.047%	$1.1M	$1.5M	10x	as long as short
Arcus SKHY-USD	+0.0040%	1h	192.76	+0.224%	$57K	$154K	10x	as long as short
Vest SKHY-USD-PERP	+0.0046%	1h	192.42	+0.047%	—	$11K	10x	as long as short
Popdex SKHYUSDT	+0.0048%	1h	192.41	+0.042%	$197K	$255K	20x	as long as short
tradeXYZ xyz:SKHY	+0.0050%	1h	192.29	−0.021%	$161.5M	$66.4M	10x	as long as short
Polymarket Perps SKHY-USDlong	+0.0050%	1h	192.33	long leg	$188K	$456K	10x
SoDEX SKHY-USD	+0.0050%	1h	192.36	+0.016%	$43K	$13K	10x	as long as short
Ondo Perps SKHY-USD.P	+0.0050%	1h	192.47	+0.073%	$569K	$2.1M	10x	as long as short
KuCoin SKHYUSDTM	+0.0100%	8h	192.36	+0.016%	$1.1M	$290K	20x	as long as short
Orderly PERP_SKHY_USDC_mythos	+0.0100%	8h	192.36	+0.016%	$2K	$4K	10x	as long as short
BloFin SKHY-USDT	+0.0120%	8h	192.34	+0.005%	—	$444K	50x	as long as short
Nado SKHY-PERP	+0.0131%	1h	192.48	+0.079%	$38K	$26K	10x	as long as short
Bitget SKHYUSDT	+0.0209%	8h	192.50	+0.088%	$25.5M	$26.4M	20x	as long as short
Phoenix SKHY	+0.0332%	1h	192.94	+0.317%	$216K	$124K	10x	as long as short
Kraken Futures PF_SKHYUSD	+0.0547%	1h	192.45	+0.063%	$51K	$17K	20x	as long as short