Funding arb · Price arb /

SKHYNIX

RWAall SKHYNIX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.1025%/8h= −112.2% APRpaid last 24h −0.074%

Price spread now: Bybit against Binance+0.048%7-day average +0.056% · you sell dearer than you buy

Net, funding: paid 7d − costs−$56as in the Funding arb table

Net, price: spread back to 7d avg − costs−$29as in the Price arb table

costs, in and out, $10k−$280.280% of the position

Long on Binance Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.282%−$28 on $10k

Price spread, last 2 days (all we have)−0.008%−$1 · spread now +0.048%, 7d avg +0.056%

Together, before fees−0.290%−$29 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.056%, so right now this pair is about funding alone: −$31 a day on $10k at the current rate.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.282% in total (about -14.7% 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	1,405.4	0.0563	pay 0.0281% / 4h	3h 53m	$354.9M	$759.4M	50x
Short	Bybit SKHYNIXUSDT	1,406.1	−0.0462	pay 0.0462% / 8h	7h 53m	$20.4M	$36.1M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now +0.048%Rate

Funding earned: −$215.15
Price spread: +0.048% → +0.056%: −$0.85
Slippage, 4 orders: −$7
Fee Binance: 5 bp × 2 orders: −$10
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$244
Costs to cover: 0.280%
Break-even: never at this rate

Slippage from Binance: live order book, 5 min ago; Bybit: 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 Binance live order book, 5 min ago	0.04 bp	5.2 bp −$5	5.6 bp −$56	13.8 bp −$1,384	doesn't fit
Sell Bybit live order book, 5 min ago	0.29 bp	7.9 bp −$8	17.0 bp −$170	64.2 bp −$6,424	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
Bybit SKHYNIXUSDTshort	−0.0462%	8h	1,406.1	+0.048%	$20.4M	$36.1M	100x
Gate SKHYNIX_USDT	0.0000%	4h	1,407.2	+0.128%	$144.3M	$60.5M	75x	as long as short
GRVT SKHYNIX_USDT_Perp	0.0000%	4h	1,399.7	−0.407%	$106K	$202K	10x	as long as short
SunX SKHYNIX-USDT	0.0000%	4h	1,405.1	−0.021%	$1K	$846K	10x	as long as short
HTX SKHYNIX-USDT	0.0000%	4h	1,405	−0.031%	$1.3M	$2.2M	50x	as long as short
Phemex SKHYNIXUSDT	0.0000%	8h	1,404.2	−0.086%	$1.2M	$769K	10x	as long as short
SoDEX SKHX-USD	+0.0050%	1h	1,405.2	−0.020%	$748	$8K	10x	as long as short
ApeX Omni SKHYNIXUSDT	+0.0100%	1h	1,400.2	−0.371%	$146K	$262K	50x	as long as short
Orderly PERP_SKHYNIX_USDC_mythos	+0.0100%	8h	1,405.5	+0.003%	$5K	$1K	10x	as long as short
Aevo SKHX-PERP	+0.0104%	1h	1,394.2	−0.802%	$33K	—	10x	as long as short

Show all 23 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
edgeX SKHYNIXUSDC	+0.0116%	4h	1,396.2	−0.658%	$3.4M	$430K	10x	as long as short
Bullet SKHYNIX-USD	+0.0208%	1h	1,405.4	−0.002%	$15K	$468K	10x	as long as short
KuCoin SKHYNIXUSDTM	+0.0330%	4h	1,406.9	+0.102%	$5.2M	$8.2M	20x	as long as short
OKX SKHYNIX-USDT-SWAP	+0.0352%	8h	1,406.1	+0.048%	$52.9M	$113.4M	50x	as long as short
Aster SKHYNIXUSD1	+0.0362%	4h	1,406.7	+0.088%	$18.8M	$42.8M	20x	as long as short
Bitget SKHYNIXUSDT	+0.0368%	4h	1,406.7	+0.088%	$24.3M	$26.8M	20x	as long as short
Polymarket Perps SKHYNIX-USD	+0.0397%	1h	1,405.2	−0.016%	$293K	$1.1M	10x	as long as short
Pacifica SKHYNIX	+0.0467%	1h	1,405.9	+0.032%	$143K	$410K	10x	as long as short
tradeXYZ xyz:SKHX	+0.0518%	1h	1,406.4	+0.069%	$343.0M	$183.0M	10x	as long as short
BloFin SKHYNIX-USDT	+0.0519%	4h	1,404.2	−0.085%	$2.5M	$4.2M	50x	as long as short
Binance SKHYNIXUSDTlong	+0.0563%	4h	1,405.4	long leg	$354.9M	$759.4M	50x
Extended SKHYNIX-USD	+0.0568%	1h	1,405.7	+0.018%	$2.4M	$209K	10x	as long as short
Aftermath Perps SKHYNIXUSD	+0.5090%	1h	1,387.1	−1.305%	$692	$39K	5x	as long as short