Funding arb · Price arb /

SKHY

RWAall SKHY markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.1002%/8h= −109.7% APRpaid last 24h −0.210%

Price spread now: edgeX against Polymarket Perps+0.093%7-day average +0.029% · you sell dearer than you buy

Net, funding: paid 7d − costs+$18as in the Funding arb table

Net, price: spread back to 7d avg − costs−$27as in the Price arb table

costs, in and out, $10k−$340.338% of the position

Long on Polymarket Perps Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.516%+$52 on $10k

Price spread, last 4 days (all we have)−0.435%−$43 · spread now +0.093%, 7d avg +0.029%

Together, before fees+0.081%+ Points / potential airdropedgeX: Active · farm board+$8 on $10k · with fees, hour by hour

The price spread pays, funding is against you. edgeX is 0.064% dearer against Polymarket Perps than usual: you sell high and buy low (spread +0.093% now, against its 7-day average of +0.029%): +$6 on $10k if it goes back. Holding the pair costs −$30 a day in funding at the current rate, which eats that in about 5 hours. Mind the row above: over the last 7 days funding on this pair paid +0.516%, so the current rate has only just turned against you.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.516% in total (about 26.9% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Polymarket Perps SKHY-USD	184.70	0.0050	pay 0.0006% / 1h	35m 02s	$178K	$451K	10x
Short	edgeX SKHYUSDC	184.87	−0.0952	pay 0.0476% / 4h	3h 35m	$557K	$290K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX 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 edgeXbpOrdersPrice spread, now +0.093%Rate

Funding earned: −$210.46
Price spread: +0.093% → +0.029%: $6.37
Slippage, 4 orders: −$16.76
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$237.85
Costs to cover: 0.338%
Break-even: never at this rate

Slippage from Polymarket Perps: live order book, 62 min ago; edgeX: live order book, 64 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, 62 min ago	2.14 bp	6.1 bp −$6	7.4 bp −$74	10.4 bp −$1,045	doesn't fit
Sell edgeX live order book, 64 min ago	5.63 bp	10.6 bp −$11	15.7 bp −$157	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
Bitget SKHYUSDT	−0.1237%	8h	184.65	−0.027%	$25.5M	$34.7M	20x	as long as short
edgeX SKHYUSDCshort	−0.0952%	4h	184.87	+0.093%	$557K	$290K	10x
GRVT SKHY_USDT_Perp	−0.0445%	8h	184.94	+0.132%	$22K	$243K	10x	as long as short
KuCoin SKHYUSDTM	−0.0228%	8h	184.70	0.000%	$1.1M	$366K	20x	as long as short
Bybit SKHYUSDT	−0.0170%	8h	184.65	−0.027%	$16.3M	$32.5M	100x	as long as short
tradeXYZ xyz:SKHY	−0.0121%	1h	184.54	−0.087%	$156.6M	$77.8M	10x	as long as short
Nado SKHY-PERP	−0.0085%	1h	184.71	+0.005%	$33K	$28K	10x	as long as short
Ondo Perps SKHY-USD.P	−0.0065%	1h	184.61	−0.049%	$515K	$2.6M	10x	as long as short
Binance SKHYUSDT	−0.0035%	8h	184.67	−0.016%	$197.4M	$462.0M	50x	as long as short
Extended SKHY-USD	−0.0032%	1h	184.68	−0.010%	$54K	$7K	10x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX SKHY-USDT	−0.0031%	8h	184.70	0.000%	$153K	$370K	50x	as long as short
QFEX SKHY-USD	−0.0028%	1h	184.69	−0.005%	$1.2M	$4.3M	10x	as long as short
Variational Omni SKHY	−0.0004%	8h	184.69	−0.003%	$1.6M	$1.0M	—	as long as short
Aster SKHYUSDT	0.0000%	8h	184.86	+0.087%	$266K	$951K	50x	as long as short
OKX SKHY-USDT-SWAP	0.0000%	8h	184.67	−0.016%	$43.8M	$81.7M	50x	as long as short
Gate SKHY_USDT	0.0000%	8h	184.62	−0.043%	$25.8M	$21.3M	75x	as long as short
SunX SKHY-USDT	0.0000%	8h	185.04	+0.184%	$677	$5.9M	10x	as long as short
Phemex SKHYUSDT	0.0000%	8h	184.76	+0.032%	$1.5M	$1.1M	10x	as long as short
Lighter SKHY	+0.0008%	1h	184.64	−0.032%	$983K	$1.3M	10x	as long as short
Deribit SKHY_USDC-PERPETUAL	+0.0021%	1h	184.71	+0.005%	$47K	$353K	10x	as long as short
Coinbase International SKHY-PERP-INTX	+0.0024%	1h	187.58	+1.559%	$68K	$784K	10x	as long as short
Lighter RH SKHY	+0.0032%	1h	184.61	−0.049%	$1.1M	$1.5M	10x	as long as short
Popdex SKHYUSDT	+0.0040%	1h	184.82	+0.065%	$201K	$288K	20x	as long as short
Arcus SKHY-USD	+0.0040%	1h	184.75	+0.027%	$59K	$172K	10x	as long as short
Vest SKHY-USD-PERP	+0.0046%	1h	184.65	−0.027%	—	$34K	10x	as long as short
Polymarket Perps SKHY-USDlong	+0.0050%	1h	184.70	long leg	$178K	$451K	10x
SoDEX SKHY-USD	+0.0050%	1h	184.67	−0.016%	$41K	$12K	10x	as long as short
BloFin SKHY-USDT	+0.0085%	8h	184.67	−0.016%	$2.1M	$438K	50x	as long as short
Orderly PERP_SKHY_USDC_mythos	+0.0100%	8h	184.71	+0.005%	$2K	$4K	10x	as long as short
Kraken Futures PF_SKHYUSD	+0.0171%	1h	184.81	+0.061%	$48K	$20K	20x	as long as short
Phoenix SKHY	+0.0215%	1h	185.14	+0.238%	$207K	$123K	10x	as long as short