Funding you earn now, next payment 04:00 UTC−0.0571%/8h= −62.5% APRnext payment −$2.86 per $10,000 · paid last 24h −0.086%
Price spread now: Gate against Binance+0.122%7-day average +0.045% · you sell dearer than you buy
Net, funding: paid 7d − costs−$64as in the Funding arb table
Net, price: spread back to 7d avg − costs−$29as in the Price arb table
costs, in and out, $10k−$360.363% of the position
Funding, last 7 days−0.275%−$28 on $10k
+Price spread, last 2 days (all we have)−0.081%−$8 · spread now +0.122%, 7d avg +0.045%
=The price spread pays, funding is against you. Gate is 0.076% dearer against Binance than usual: you sell high and buy low (spread +0.122% now, against its 7-day average of +0.045%): +$8 on $10k if it goes back. Holding the pair costs −$17 a day in funding at the current rate, which eats that in about 11 hours. At the pace of the last 7 days (−0.275% in total) that is about 47 hours.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.275% in total (about -14.4% a year). A funding rate is set anew for every payment; at this rate the next one is about −$2.86 per $10,000. 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 | 1,404.7 | 0.0571 | pay 0.0286% / 4h | 3h 54m | $354.7M | $757.0M | 50x |
| Short | Gate SKHYNIX_USDT | 1,406.4 | 0 | get 0.0000% / 4h | 3h 54m | $144.4M | $60.3M | 75x |
Binance SKHYNIXUSDT
Gate SKHYNIX_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate against Binance. 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
- −$119.92
- Price spread: +0.122% → +0.045%
- $7.63
- Slippage, 4 orders
- −$11.29
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$148.58
- Costs to cover
- 0.363%
- Break-even
- never at this rate
Slippage from Binance: live order book, 4 min ago; Gate: live order book, 4 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, 4 min ago | 0.04 bp | 5.2 bp −$5 | 5.6 bp −$56 | 13.8 bp −$1,384 | doesn't fit |
| Sell Gate live order book, 4 min ago | 0.79 bp | 12.6 bp −$13 | 31.3 bp −$313 | 42.8 bp −$4,277 | 67.2 bp −$33.6K |
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 SKHYNIXUSDT | −0.0454% | 8h | 1,405.5 | +0.055% | $20.4M | $36.2M | 100x | as long as short |
| Gate SKHYNIX_USDTshort | 0.0000% | 4h | 1,406.4 | +0.122% | $144.4M | $60.3M | 75x | |
| GRVT SKHYNIX_USDT_Perp | 0.0000% | 4h | 1,399.7 | −0.355% | $106K | $202K | 10x | as long as short |
| SunX SKHYNIX-USDT | 0.0000% | 4h | 1,404.1 | −0.046% | $927 | $848K | 10x | as long as short |
| HTX SKHYNIX-USDT | 0.0000% | 4h | 1,405.2 | +0.036% | $1.3M | $2.2M | 50x | as long as short |
| Phemex SKHYNIXUSDT | 0.0000% | 8h | 1,404.8 | +0.004% | $1.2M | $769K | 10x | as long as short |
| SoDEX SKHX-USD | +0.0050% | 1h | 1,404.9 | +0.016% | $747 | $8K | 10x | as long as short |
| ApeX Omni SKHYNIXUSDT | +0.0100% | 1h | 1,400.2 | −0.320% | $146K | $262K | 50x | as long as short |
| Orderly PERP_SKHYNIX_USDC_mythos | +0.0100% | 8h | 1,405.7 | +0.068% | $5K | $1K | 10x | as long as short |
| Aevo SKHX-PERP | +0.0104% | 1h | 1,396.5 | −0.583% | $33K | — | 10x | as long as short |
Bybit SKHYNIXUSDT
GRVT SKHYNIX_USDT_Perp
SunX SKHYNIX-USDT
HTX SKHYNIX-USDT
Phemex SKHYNIXUSDT
SoDEX SKHX-USD
ApeX Omni SKHYNIXUSDT
Orderly PERP_SKHYNIX_USDC_mythos
Aevo SKHX-PERPShow 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 | −0.606% | $3.4M | $430K | 10x | as long as short |
| Bullet SKHYNIX-USD | +0.0208% | 1h | 1,405.4 | +0.050% | $15K | $468K | 10x | as long as short |
| KuCoin SKHYNIXUSDTM | +0.0330% | 4h | 1,405.5 | +0.058% | $5.2M | $8.2M | 20x | as long as short |
| OKX SKHYNIX-USDT-SWAP | +0.0356% | 8h | 1,405.5 | +0.057% | $52.9M | $114.0M | 50x | as long as short |
| Bitget SKHYNIXUSDT | +0.0368% | 4h | 1,405.2 | +0.035% | $24.2M | $26.7M | 20x | as long as short |
| Aster SKHYNIXUSD1 | +0.0369% | 4h | 1,406.5 | +0.126% | $18.7M | $42.9M | 20x | as long as short |
| Polymarket Perps SKHYNIX-USD | +0.0397% | 1h | 1,405.2 | +0.035% | $293K | $1.1M | 10x | as long as short |
| Pacifica SKHYNIX | +0.0467% | 1h | 1,405.8 | +0.082% | $143K | $410K | 10x | as long as short |
| BloFin SKHYNIX-USDT | +0.0519% | 4h | 1,404.2 | −0.033% | $2.5M | $4.2M | 50x | as long as short |
| Binance SKHYNIXUSDTlong | +0.0571% | 4h | 1,404.7 | long leg | $354.7M | $757.0M | 50x | |
| Extended SKHYNIX-USD | +0.0576% | 1h | 1,405.3 | +0.040% | $2.4M | $228K | 10x | as long as short |
| tradeXYZ xyz:SKHX | +0.0583% | 1h | 1,405.5 | +0.057% | $342.9M | $182.8M | 10x | as long as short |
| Aftermath Perps SKHYNIXUSD | +0.5090% | 1h | 1,387.1 | −1.254% | $692 | $39K | 5x | as long as short |
edgeX SKHYNIXUSDC
Bullet SKHYNIX-USD
KuCoin SKHYNIXUSDTM
OKX SKHYNIX-USDT-SWAP
Bitget SKHYNIXUSDT
Aster SKHYNIXUSD1
Polymarket Perps SKHYNIX-USD
Pacifica SKHYNIX
BloFin SKHYNIX-USDT
Extended SKHYNIX-USD
tradeXYZ xyz:SKHX
Aftermath Perps SKHYNIXUSD