Funding arb · Price arb /

SKHYNIX

RWAall SKHYNIX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.032%

Price spread now: KuCoin against ApeX Omni−0.241%82s7-day average −0.050% · you buy dearer than you sell

Net, funding: paid 7d − costs−$73as 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−$610.610% of the position

Long on ApeX Omni Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.117%−$12 on $10k

Price spread, last 4 days (all we have)−0.139%−$14 · spread now −0.241%, 7d avg −0.050%

Together, before fees−0.256%−$26 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: KuCoin is 0.191% cheaper against ApeX Omni than usual: you would sell low and buy high, −$19 on $10k if it goes back to its 7-day average of −0.050%. The two prices were read 82 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	ApeX Omni SKHYNIXUSDT	1,412.4	0.0100	pay 0.0013% / 1h	48m 14s	$147K	$261K	50x
Short	KuCoin SKHYNIXUSDTM	1,409	0.0100	get 0.0050% / 4h	1h 48m	$5.2M	$8.1M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against ApeX Omni. 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 ApeX OmnibpFee KuCoinbpOrdersPrice spread, now −0.241%Rate

Funding earned: $0
Price spread: −0.241% → −0.050%: −$19.06
Slippage, 4 orders: −$39.01
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$80.07
Costs to cover: 0.610%
Break-even: never at this rate

Slippage from ApeX Omni: live order book, 14 min ago; KuCoin: live order book, 5 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 ApeX Omni live order book, 14 min ago	8.15 bp	14.1 bp −$14	36.4 bp −$364	doesn't fit	doesn't fit
Sell KuCoin live order book, 5 min ago	0.43 bp	13.1 bp −$13	40.9 bp −$409	doesn't fit	doesn't fit

SKHYNIX on 22 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 SKHYNIXUSDC	−0.0335%	4h	1,411.7	−0.043%	$3.5M	$402K	10x	as long as short
Aster SKHYNIXUSD1	0.0000%	4h	1,409	−0.237%	$18.9M	$40.7M	20x	as long as short
Bybit SKHYNIXUSDT	0.0000%	8h	1,409.3	−0.219%	$20.5M	$33.3M	100x	as long as short
Gate SKHYNIX_USDT	0.0000%	4h	1,409.1	−0.229%	$144.2M	$63.5M	75x	as long as short
GRVT SKHYNIX_USDT_Perp	0.0000%	4h	1,413.2	+0.059%	$102K	$195K	10x	as long as short
SunX SKHYNIX-USDT	0.0000%	4h	1,409.5	−0.202%	$1K	$642K	10x	as long as short
HTX SKHYNIX-USDT	0.0000%	4h	1,409.3	−0.219%	$1.3M	$2.4M	50x	as long as short
Phemex SKHYNIXUSDT	0.0000%	8h	1,409.3	−0.216%	$1.2M	$768K	10x	as long as short
SoDEX SKHX-USD	+0.0050%	1h	1,409.2	−0.226%	$750	$8K	10x	as long as short
Extended SKHYNIX-USD	+0.0064%	1h	1,408.7	−0.262%	$2.4M	$71K	10x	as long as short

Show all 22 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance SKHYNIXUSDT	+0.0067%	4h	1,408.6	−0.265%	$351.6M	$743.6M	50x	as long as short
Pacifica SKHYNIX	+0.0100%	1h	1,408.8	−0.249%	$126K	$389K	10x	as long as short
KuCoin SKHYNIXUSDTMshort	+0.0100%	4h	1,409	−0.241%	$5.2M	$8.1M	20x
ApeX Omni SKHYNIXUSDTlong	+0.0100%	1h	1,412.4	long leg	$147K	$261K	50x
Orderly PERP_SKHYNIX_USDC_mythos	+0.0100%	8h	1,409.1	−0.228%	$5K	$798	10x	as long as short
Aevo SKHX-PERP	+0.0104%	1h	1,409.6	−0.193%	$33K	—	10x	as long as short
tradeXYZ xyz:SKHX	+0.0297%	1h	1,407.8	−0.322%	$318.7M	$203.8M	10x	as long as short
Bullet SKHYNIX-USD	+0.0324%	1h	1,409.3	−0.216%	$15K	$466K	10x	as long as short
OKX SKHYNIX-USDT-SWAP	+0.0333%	8h	1,409.2	−0.223%	$55.9M	$114.1M	50x	as long as short
Bitget SKHYNIXUSDT	+0.0338%	4h	1,409.1	−0.229%	$23.8M	$25.7M	20x	as long as short
Polymarket Perps SKHYNIX-USD	+0.0351%	1h	1,409.4	−0.209%	$276K	$1.0M	10x	as long as short
Aftermath Perps SKHYNIXUSD	+0.0750%	1h	1,409.8	−0.182%	$702	$38K	5x	as long as short