Funding arb · Price arb / RWA
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 153.11 | +0.0600 | pay 0.0075% / 1h | 51m 36s | $215K | $1.3M | 10x | Long Backpack | |
| SHORT | 153.59 | +0.0156 | get 0.0019% / 1h | 51m 36s | $122K | $313K | 10x | Short Phoenix |
Price gap+0.314%
Funding gap−0.0444% /8h
The gap pays +$31 on $10k if it goes back to its 7d average, but funding costs $13 a day and eats that in about 2.3 days. At the last 7 days' pace that is about 16 days.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding−$14−0.0444% /8h now · paid −0.139% over the last 7D
Price+$31spread +0.314% now, avg +0.002% → +0.311% if it goes back
Costs−$340.338% of $10k · taker + slippage, in and out
The current funding rate is far below what this pair has been paying: over the last 7 days it paid −0.139% in total, about −0.0066%/8h on average.
Price and funding
1h · historyEntry / Exit
Price spread
Prices
Fundingper 8h
ENTRY / EXIT · 7D
Entry now—
Entry average—
Best entry—
Exit now—
Exit average—
Best exit—
Exit free—
PRICE SPREAD · 7D
Now+0.314%
Average—
Range—
Wider than now—
FUNDING SPREAD · 7D
Average /8h—
Highest—
Lowest—
Paid you—
Where the spread has been, last 7D▾
share of time at each level
Funding on every exchange
/8hSKHY on 33 exchanges
lowest funding firstBefore you open
3 ok · 2 to watch- OK: Fits both order books7.1 / 10.0 bpEntry at $10k a leg, taker fee + slippage. Closing costs about the same.
- Note: Margin at max leverage$1,000 + $1,000Backpack 10x, Phoenix 10x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
- OK: Same payment interval1h / 1hBoth legs pay at the same time.Next 24h at the current rates, on $10k a leg: −$13.32Long Backpack: 24 payments, −$17.99; short Phoenix: 24 payments, +$4.67.
- OK: Entry gap works for you+0.314% vs +0.002%You short the dearer leg. If the gap goes back to average, the short gains.
- Watch: Short leg is thinner$122K vs $215K OIPhoenix sets your exit cost. Check its book before closing.
- Note: No points program—Neither exchange runs points right now.
- Watch: KYCBackpack Yes · Phoenix NoKYC (ID, face scan, residency and source of income) before any trading.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned−0.0066%/8h × 21 periods−$13.86
Price spread+0.314% → +0.002% (7d avg)+$31.10
Slippage, 4 orderslive order books−$16.79
Fee Backpack bp × 2 orders−$10.00
Fee Phoenix bp × 2 orders−$7.00
Net · 7 days · $10k−$16.55
Costs to cover0.338%Break-evennever at this rate
Slippage: Backpack: live order book, 1 min ago; Phoenix: live order book, 39 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGBackpack1.637.1 bp−$725.7 bp−$257doesn’t fitdoesn’t fit
SELL · SHORTPhoenix2.6110.0 bp−$1020.8 bp−$208doesn’t fitdoesn’t fit
Closing costs about the same again.
| 10-28 20:00 | MEXC | Other | AI’s memory crunch isn’t easing. 🧠 SK hynix’s ($SKHY) profit is up more than 7x in a year, the biggest cloud players have signed five-year deals, and the company expects the chip shortage to run until 2030. Watch the full breakdown and follow @MEXC_Research for more. 👇 @MEXC on X ↗ |
| 10-28 17:38 | QFEX | Other | Max leverage is increased to 20x across the following markets on QFEX $SNDK, $GOOGL, $NVDA, $MU, $SKHY, $INTC, $NBIS, $CRCL, $CBRS, $META, $TSLA, $MRVL, $AAPL, $AMZN, $MSFT, $MSTR and $ANTHROPIC. @QFEX on X ↗ |
| 10-28 15:01 | Vest Markets | Other | Trade $SKHY post-earnings volatility with a Vest Capital funded account. Access up to $50k in trading capital at: @VestExchange on X ↗ |
| 10-28 15:01 | Vest Markets | Other | $SKHY Q3 EARNINGS REPORT: RECORD 80% OPERATING MARGIN ADR shares are up around 11% on the session, with around $75B in 2026 shareholder returns set out alongside the results. → Revenue: ~$78.9B vs. ~$74.2B consensus → Operating profit: ~$62.8B vs. ~$58.1B expected → Operating margin: 80%, versus 76% in Q2 → Long-term agreements: over half of 2027-2028 capacity $SKHY expects HBM4 to surpass HBM3E in shipments and revenue in Q4, and has discontinued its Solidigm IPO review. @VestExchange on X ↗ |
| 10-28 04:08 | SoDEX | Other | 🇰🇷 KOREAN STOCKS ARE ON FIRE! 🚀🔥 SK hynix delivers blockbuster Q3 earnings! 📈 Revenue +328% YoY 💰 Operating profit +631% YoY 🔥 KOSPI +5.8% as AI chip demand fuels the rally! 🚀 Catch the Korean market momentum on SoDEX! 📊 4 Trading Opportunities: 🔥 $SKHX +3.77% — 2× Long SK hynix ETF 🔥 $SKHY +1.92% — SK hynix ADR 🔥 $EWY +3.10% — South Korea ETF 🚀 $KORU +8.91% — 3× Leveraged South Korea ETF 👀 Will the AI-driven rally continue? 👉 Trade now: ETF/ADR changes: Oct 27 U.S. close. KOSPI: Oct 28, 11:20 AM KST. @sodex_official on X ↗ |
| 10-28 02:43 | MEXC | Other | SK hynix $SKHY cleared the high bar. Another record quarter. 👀 📈 Operating profit: +632% YoY 💰 Revenue: +328% YoY 🔥 Operating margin: ~80% Still room for the AI memory trade to run? @MEXC on X ↗ |


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