Funding you earn now, next payment 07:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h −0.040%
Price spread now: Phemex against ApeX Omni−0.075%77s7-day average −0.009% · you buy dearer than you sell
Net, funding: paid 7d − costs−$164as 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−$1291.287% of the position
Funding, last 7 days−0.352%−$35 on $10k
+Price spread, last 4 days (all we have)+0.017%+$2 · spread now −0.075%, 7d avg −0.009%
=Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Phemex is 0.066% cheaper against ApeX Omni than usual: you would sell low and buy high (−$7 if the spread goes back to its 7-day average of −0.009%). Swap the legs. The two prices were read 77 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 | 1,348.7 | 0.0100 | pay 0.0013% / 1h | 55m 39s | $141K | $260K | 50x |
| Short | Phemex SKHYNIXUSDT | 1,347.7 | 0 | get 0.0000% / 8h | 55m 39s | $1.2M | $777K | 10x |
ApeX Omni SKHYNIXUSDT
Phemex SKHYNIXUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phemex 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 itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$21
- Price spread: −0.075% → −0.009%
- −$6.56
- Slippage, 4 orders
- −$106.73
- Fee ApeX Omni: 5 bp × 2 orders
- −$10
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$156.29
- Costs to cover
- 1.287%
- Break-even
- never at this rate
Slippage from ApeX Omni: live order book, 46 min ago; Phemex: live order book, 2 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, 46 min ago | 8.07 bp | 13.4 bp −$13 | 35.5 bp −$355 | doesn't fit | doesn't fit |
| Sell Phemex live order book, 2 min ago | 2.90 bp | 44.9 bp −$45 | doesn't fit | doesn't fit | 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 | −0.0517% | 4h | 1,345.2 | −0.257% | $3.3M | $429K | 10x | as long as short |
| Aftermath Perps SKHYNIXUSD | −0.0038% | 1h | 1,345.1 | −0.266% | $693 | $36K | 5x | as long as short |
| BloFin SKHYNIX-USDT | −0.0033% | 4h | 1,344.7 | −0.300% | $2.5M | $4.0M | 50x | as long as short |
| Aster SKHYNIXUSD1 | 0.0000% | 4h | 1,350.7 | +0.148% | $18.3M | $33.6M | 20x | as long as short |
| Extended SKHYNIX-USD | 0.0000% | 1h | 1,346.8 | −0.144% | $2.3M | $78K | 10x | as long as short |
| Binance SKHYNIXUSDT | 0.0000% | 4h | 1,347.8 | −0.068% | $325.9M | $941.1M | 50x | as long as short |
| Bybit SKHYNIXUSDT | 0.0000% | 8h | 1,347.9 | −0.058% | $19.1M | $31.0M | 100x | as long as short |
| Gate SKHYNIX_USDT | 0.0000% | 4h | 1,347.7 | −0.074% | $139.8M | $76.3M | 75x | as long as short |
| Bitget SKHYNIXUSDT | 0.0000% | 4h | 1,347.3 | −0.104% | $21.8M | $34.2M | 20x | as long as short |
| GRVT SKHYNIX_USDT_Perp | 0.0000% | 4h | 1,345.2 | −0.260% | $98K | $217K | 10x | as long as short |
edgeX SKHYNIXUSDC
Aftermath Perps SKHYNIXUSD
BloFin SKHYNIX-USDT
Aster SKHYNIXUSD1
Extended SKHYNIX-USD
Binance SKHYNIXUSDT
Bybit SKHYNIXUSDT
Gate SKHYNIX_USDT
Bitget SKHYNIXUSDT
GRVT SKHYNIX_USDT_PerpShow all 23 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| SunX SKHYNIX-USDT | 0.0000% | 4h | 1,344.6 | −0.307% | $968 | $482K | 10x | as long as short |
| HTX SKHYNIX-USDT | 0.0000% | 4h | 1,347.6 | −0.080% | $1.2M | $2.5M | 50x | as long as short |
| Phemex SKHYNIXUSDTshort | 0.0000% | 8h | 1,347.7 | −0.075% | $1.2M | $777K | 10x | |
| Pacifica SKHYNIX | +0.0100% | 1h | 1,347 | −0.126% | $102K | $433K | 10x | as long as short |
| KuCoin SKHYNIXUSDTM | +0.0100% | 4h | 1,346.8 | −0.144% | $5.0M | $8.2M | 20x | as long as short |
| ApeX Omni SKHYNIXUSDTlong | +0.0100% | 1h | 1,348.7 | long leg | $141K | $260K | 50x | |
| Orderly PERP_SKHYNIX_USDC_mythos | +0.0100% | 8h | 1,350 | +0.094% | $5K | $1K | 10x | as long as short |
| Aevo SKHX-PERP | +0.0104% | 1h | 1,347.7 | −0.073% | $32K | — | 10x | as long as short |
| OKX SKHYNIX-USDT-SWAP | +0.0261% | 8h | 1,347.1 | −0.119% | $52.1M | $131.9M | 50x | as long as short |
| tradeXYZ xyz:SKHX | +0.1290% | 1h | 1,346.2 | −0.185% | $296.7M | $267.2M | 10x | as long as short |
| SoDEX SKHX-USD | +0.1387% | 1h | 1,347.1 | −0.122% | $267 | $8K | 10x | as long as short |
| Polymarket Perps SKHYNIX-USD | +0.1579% | 1h | 1,342.6 | −0.452% | $251K | $984K | 10x | as long as short |
| Bullet SKHYNIX-USD | +0.1615% | 1h | 1,346 | −0.200% | $14K | $470K | 10x | as long as short |
SunX SKHYNIX-USDT
HTX SKHYNIX-USDT
Pacifica SKHYNIX
KuCoin SKHYNIXUSDTM
Orderly PERP_SKHYNIX_USDC_mythos
Aevo SKHX-PERP
OKX SKHYNIX-USDT-SWAP
tradeXYZ xyz:SKHX
SoDEX SKHX-USD
Polymarket Perps SKHYNIX-USD
Bullet SKHYNIX-USD