Funding arb · Price arb /

SKHY

RWAall SKHY markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0050%/8h= −5.5% APRpaid last 24h −0.015%

Price spread now: HTX against Polymarket Perps−0.058%46s7-day average +0.013% · you buy dearer than you sell

Net, funding: paid 7d − costs−$40as 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−$370.368% of the position

Long on Polymarket Perps Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.032%−$3 on $10k

Price spread, last 4 days (all we have)−0.045%−$4 · spread now −0.058%, 7d avg +0.013%

Together, before fees−0.077%−$8 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and HTX is 0.071% cheaper against Polymarket Perps than usual: you would sell low and buy high (−$7 if the spread goes back to its 7-day average of +0.013%). Swap the legs. The two prices were read 46 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	Polymarket Perps SKHY-USD	190.00	0.0050	pay 0.0006% / 1h	37m 20s	$183K	$470K	10x
Short	HTX SKHY-USDT	189.89	0	get 0.0000% / 8h	3h 37m	$158K	$369K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX 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 HTXbpOrdersPrice spread, now −0.058%Rate

Funding earned: −$10.5
Price spread: −0.058% → +0.013%: −$7.12
Slippage, 4 orders: −$16.84
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee HTX: 6 bp × 2 orders: −$12
Net: −$54.46
Costs to cover: 0.368%
Break-even: never at this rate

Slippage from Polymarket Perps: live order book, 15 min ago; HTX: live order book, 16 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, 15 min ago	2.87 bp	6.9 bp −$7	8.5 bp −$85	11.0 bp −$1,096	doesn't fit
Sell HTX live order book, 16 min ago	1.83 bp	10.4 bp −$10	14.3 bp −$143	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	−0.0312%	4h	189.89	−0.059%	$572K	$290K	10x	as long as short
Coinbase International SKHY-PERP-INTX	−0.0104%	1h	192.84	+1.495%	$45K	$861K	10x	as long as short
tradeXYZ xyz:SKHY	−0.0002%	1h	190.01	+0.005%	$158.9M	$69.1M	10x	as long as short
Aster SKHYUSDT	0.0000%	8h	190.03	+0.018%	$247K	$893K	50x	as long as short
Extended SKHY-USD	0.0000%	1h	189.98	−0.009%	$55K	$7K	10x	as long as short
Binance SKHYUSDT	0.0000%	8h	190.11	+0.058%	$199.7M	$404.4M	50x	as long as short
Bybit SKHYUSDT	0.0000%	8h	190.12	+0.063%	$15.3M	$28.6M	100x	as long as short
OKX SKHY-USDT-SWAP	0.0000%	8h	190.11	+0.058%	$45.3M	$73.2M	50x	as long as short
Gate SKHY_USDT	0.0000%	8h	190.00	0.000%	$25.6M	$19.5M	75x	as long as short
Bitget SKHYUSDT	0.0000%	8h	190.15	+0.079%	$24.4M	$28.4M	20x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni SKHY	0.0000%	8h	190.47	+0.248%	$1.6M	$1.1M	—	as long as short
GRVT SKHY_USDT_Perp	0.0000%	8h	189.92	−0.042%	$23K	$213K	10x	as long as short
SunX SKHY-USDT	0.0000%	8h	190.26	+0.137%	$696	$6.2M	10x	as long as short
Deribit SKHY_USDC-PERPETUAL	0.0000%	1h	189.98	−0.011%	$48K	$326K	10x	as long as short
HTX SKHY-USDTshort	0.0000%	8h	189.89	−0.058%	$158K	$369K	50x
Phemex SKHYUSDT	0.0000%	8h	189.99	−0.005%	$1.5M	$1.1M	10x	as long as short
QFEX SKHY-USD	+0.0011%	1h	190.09	+0.047%	$1.2M	$4.1M	10x	as long as short
Lighter SKHY	+0.0032%	1h	189.83	−0.089%	$1.0M	$692K	10x	as long as short
Lighter RH SKHY	+0.0032%	1h	189.85	−0.079%	$1.1M	$1.4M	10x	as long as short
Arcus SKHY-USD	+0.0040%	1h	190.11	+0.058%	$59K	$164K	10x	as long as short
Vest SKHY-USD-PERP	+0.0046%	1h	190.06	+0.032%	—	$12K	10x	as long as short
Popdex SKHYUSDT	+0.0048%	1h	190.09	+0.047%	$200K	$257K	20x	as long as short
Polymarket Perps SKHY-USDlong	+0.0050%	1h	190.00	long leg	$183K	$470K	10x
SoDEX SKHY-USD	+0.0050%	1h	189.91	−0.047%	$42K	$13K	10x	as long as short
Ondo Perps SKHY-USD.P	+0.0050%	1h	189.99	−0.005%	$563K	$2.7M	10x	as long as short
Nado SKHY-PERP	+0.0093%	1h	190.11	+0.060%	$34K	$28K	10x	as long as short
KuCoin SKHYUSDTM	+0.0100%	8h	190.08	+0.042%	$1.1M	$319K	20x	as long as short
Orderly PERP_SKHY_USDC_mythos	+0.0100%	8h	190.11	+0.058%	$2K	$4K	10x	as long as short
BloFin SKHY-USDT	+0.0120%	8h	189.85	−0.079%	$2.2M	$435K	50x	as long as short
Phoenix SKHY	+0.0375%	1h	190.14	+0.074%	$213K	$124K	10x	as long as short
Kraken Futures PF_SKHYUSD	+0.0690%	1h	190.00	−0.001%	$48K	$19K	20x	as long as short