Funding arb · Price arb /

SKHYNIX

RWAall SKHYNIX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0296%/8h= −32.5% APRpaid last 24h −0.068%

Price spread now: Bullet against Binance+0.006%53s7-day average +0.003% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$260.264% of the position

Long on Binance Short on Bullet

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.073%−$7 on $10k

Price spread, last 2 days (all we have)+0.014%+$1 · spread now +0.006%, 7d avg +0.003%

Together, before fees−0.059%−$6 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.003%, so right now this pair is about funding alone: −$9 a day on $10k at the current rate. The two prices were read 53 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 3 days it paid -0.073% in total (about -8.4% 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	Binance SKHYNIXUSDT	1,383.5	0.0296	pay 0.0148% / 4h	17m 32s	$353.1M	$739.1M	50x
Short	Bullet SKHYNIX-USD	1,383.6	0	get 0.0000% / 1h	17m 32s	$15K	$467K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bullet against Binance. 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 BinancebpFee BulletbpOrdersPrice spread, now +0.006%Rate

Funding earned: −$62.27
Price spread: +0.006% → +0.003%: $0.25
Slippage, 4 orders: −$8.41
Fee Binance: 5 bp × 2 orders: −$10
Fee Bullet: 4 bp × 2 orders: −$8
Net: −$88.42
Costs to cover: 0.264%
Break-even: never at this rate

Slippage from Binance: live order book, 11 min ago; Bullet: live order book, 62 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 Binance live order book, 11 min ago	0.04 bp	5.1 bp −$5	5.8 bp −$58	15.3 bp −$1,529	doesn't fit
Sell Bullet live order book, 62 min ago	1.45 bp	7.3 bp −$7	21.3 bp −$213	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
Bullet SKHYNIX-USDshort	0.0000%	1h	1,383.6	+0.006%	$15K	$467K	10x
SunX SKHYNIX-USDT	0.0000%	4h	1,384.2	+0.047%	$1K	$893K	10x	as long as short
Phemex SKHYNIXUSDT	0.0000%	8h	1,384.2	+0.049%	$1.2M	$770K	10x	as long as short
SoDEX SKHX-USD	+0.0010%	1h	1,384.3	+0.056%	$736	$8K	10x	as long as short
Polymarket Perps SKHYNIX-USD	+0.0050%	1h	1,384	+0.035%	$277K	$1.6M	10x	as long as short
Aster SKHYNIXUSD1	+0.0080%	4h	1,382.4	−0.084%	$18.5M	$42.8M	20x	as long as short
tradeXYZ xyz:SKHX	+0.0083%	1h	1,384.6	+0.078%	$346.4M	$186.7M	10x	as long as short
edgeX SKHYNIXUSDC	+0.0086%	4h	1,383.5	+0.002%	$3.4M	$432K	10x	as long as short
ApeX Omni SKHYNIXUSDT	+0.0100%	1h	1,383.5	−0.002%	$144K	$263K	50x	as long as short
Orderly PERP_SKHYNIX_USDC_mythos	+0.0100%	8h	1,383.4	−0.010%	$5K	$1K	10x	as long as short

Show all 23 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aevo SKHX-PERP	+0.0104%	1h	1,384.3	+0.057%	$32K	—	10x	as long as short
Bitget SKHYNIXUSDT	+0.0110%	4h	1,384.2	+0.049%	$24.1M	$26.7M	20x	as long as short
Gate SKHYNIX_USDT	+0.0130%	4h	1,384.8	+0.090%	$136.9M	$73.5M	75x	as long as short
HTX SKHYNIX-USDT	+0.0156%	4h	1,384.4	+0.065%	$1.2M	$2.2M	50x	as long as short
KuCoin SKHYNIXUSDTM	+0.0182%	4h	1,383.6	+0.008%	$5.1M	$8.2M	20x	as long as short
BloFin SKHYNIX-USDT	+0.0233%	4h	1,383.8	+0.019%	$2.5M	$4.1M	50x	as long as short
Extended SKHYNIX-USD	+0.0288%	1h	1,383.3	−0.019%	$2.4M	$225K	10x	as long as short
Binance SKHYNIXUSDTlong	+0.0296%	4h	1,383.5	long leg	$353.1M	$739.1M	50x
OKX SKHYNIX-USDT-SWAP	+0.0298%	8h	1,384.4	+0.064%	$52.5M	$112.7M	50x	as long as short
Bybit SKHYNIXUSDT	+0.0307%	8h	1,384.6	+0.080%	$20.4M	$36.4M	100x	as long as short
GRVT SKHYNIX_USDT_Perp	+0.0432%	4h	1,384.3	+0.053%	$105K	$208K	10x	as long as short
Pacifica SKHYNIX	+0.0621%	1h	1,384.3	+0.056%	$148K	$407K	10x	as long as short
Aftermath Perps SKHYNIXUSD	+0.0750%	1h	1,384.7	+0.086%	$674	$39K	5x	as long as short