Funding arb · Price arb /

SKHYNIX

RWAall SKHYNIX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0236%/8h= +25.8% APRpaid last 24h +0.050%

Price spread now: OKX against ApeX Omni+0.008%60s7-day average −0.014% · you sell dearer than you buy

Net, funding: paid 7d − costs−$43as 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−$390.392% of the position

Long on ApeX Omni Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.041%−$4 on $10k

Price spread, last 4 days (all we have)−0.197%−$20 · spread now +0.008%, 7d avg −0.014%

Together, before fees−0.238%−$24 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$7 a day on $10k at the current rate, and OKX is 0.023% dearer against ApeX Omni than usual: you sell high and buy low: +$2 more if the spread goes back to its 7-day average of −0.014%. The two prices were read 60 seconds apart, so part of this spread may be the market moving, not a spread.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.041% in total (about -2.1% 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	ApeX Omni SKHYNIXUSDT	1,412.5	0.0100	pay 0.0013% / 1h	2m 34s	$147K	$261K	50x
Short	OKX SKHYNIX-USDT-SWAP	1,412.6	0.0336	get 0.0336% / 8h	5h 02m	$56.1M	$114.7M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now +0.008%Rate

Funding earned: $49.49
Price spread: +0.008% → −0.014%: $2.26
Slippage, 4 orders: −$19.25
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee OKX: 5 bp × 2 orders: −$10
Net: $12.5
Costs to cover: 0.392%
Break-even: 5.2 days

Slippage from ApeX Omni: live order book, 59 min ago; OKX: live order book, 1 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, 59 min ago	8.15 bp	14.1 bp −$14	36.4 bp −$364	doesn't fit	doesn't fit
Sell OKX live order book, 1 min ago	0.35 bp	5.8 bp −$6	7.1 bp −$71	22.6 bp −$2,256	doesn't fit

SKHYNIX on 23 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	−0.0489%	4h	1,411.4	−0.074%	$3.5M	$394K	10x	as long as short
Aster SKHYNIXUSD1	0.0000%	4h	1,412	−0.035%	$18.9M	$39.8M	20x	as long as short
Extended SKHYNIX-USD	0.0000%	1h	1,411.3	−0.081%	$2.4M	$71K	10x	as long as short
Binance SKHYNIXUSDT	0.0000%	4h	1,411.7	−0.053%	$350.5M	$752.1M	50x	as long as short
Bybit SKHYNIXUSDT	0.0000%	8h	1,412.2	−0.019%	$20.5M	$32.7M	100x	as long as short
Gate SKHYNIX_USDT	0.0000%	4h	1,412.7	+0.013%	$144.0M	$65.1M	75x	as long as short
GRVT SKHYNIX_USDT_Perp	0.0000%	4h	1,411.9	−0.044%	$102K	$196K	10x	as long as short
SunX SKHYNIX-USDT	0.0000%	4h	1,410.6	−0.134%	$889	$631K	10x	as long as short
HTX SKHYNIX-USDT	0.0000%	4h	1,411.8	−0.050%	$1.3M	$2.4M	50x	as long as short
Phemex SKHYNIXUSDT	0.0000%	8h	1,412.2	−0.022%	$1.2M	$768K	10x	as long as short

Show all 23 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BloFin SKHYNIX-USDT	+0.0040%	4h	1,411.2	−0.092%	$2.7M	$4.1M	50x	as long as short
SoDEX SKHX-USD	+0.0050%	1h	1,411.3	−0.086%	$751	$8K	10x	as long as short
Pacifica SKHYNIX	+0.0100%	1h	1,411.7	−0.055%	$127K	$385K	10x	as long as short
KuCoin SKHYNIXUSDTM	+0.0100%	4h	1,411.4	−0.074%	$5.2M	$8.0M	20x	as long as short
ApeX Omni SKHYNIXUSDTlong	+0.0100%	1h	1,412.5	long leg	$147K	$261K	50x
Orderly PERP_SKHYNIX_USDC_mythos	+0.0100%	8h	1,411	−0.105%	$5K	$798	10x	as long as short
Aevo SKHX-PERP	+0.0104%	1h	1,411.6	−0.063%	$33K	—	10x	as long as short
tradeXYZ xyz:SKHX	+0.0110%	1h	1,411.3	−0.084%	$318.3M	$205.4M	10x	as long as short
Bullet SKHYNIX-USD	+0.0146%	1h	1,411.2	−0.091%	$15K	$469K	10x	as long as short
Polymarket Perps SKHYNIX-USD	+0.0165%	1h	1,411.7	−0.055%	$277K	$1.0M	10x	as long as short
Bitget SKHYNIXUSDT	+0.0304%	4h	1,412.3	−0.012%	$23.5M	$26.0M	20x	as long as short
OKX SKHYNIX-USDT-SWAPshort	+0.0336%	8h	1,412.6	+0.008%	$56.1M	$114.7M	50x
Aftermath Perps SKHYNIXUSD	+0.0421%	1h	1,410.4	−0.149%	$672	$38K	5x	as long as short