Funding arb · Price arb /

SKHYNIX

RWAall SKHYNIX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.071%

Price spread now: Phemex against Binance+0.144%7-day average +0.046% · you sell dearer than you buy

Net, funding: paid 7d − costs−$145as in the Funding arb table

Net, price: spread back to 7d avg − costs−$105as in the Price arb table

costs, in and out, $10k−$1141.143% of the position

Long on Binance Short on Phemex

What this pair did over the last

the charts below follow

Funding, last 7 days−0.303%−$30 on $10k

Price spread, last 4 days (all we have)−0.113%−$11 · spread now +0.144%, 7d avg +0.046%

Together, before fees−0.416%−$42 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Phemex is 0.098% dearer against Binance than usual: you sell high and buy low, +$10 on $10k if it goes back to its 7-day average of +0.046%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance SKHYNIXUSDT	1,382	0	get 0.0000% / 4h	3h 19m	$342.8M	$793.7M	50x
Short	Phemex SKHYNIXUSDT	1,384	0	get 0.0000% / 8h	3h 19m	$1.2M	$774K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phemex 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 PhemexbpOrdersPrice spread, now +0.144%Rate

Funding earned: $0
Price spread: +0.144% → +0.046%: $9.79
Slippage, 4 orders: −$92.34
Fee Binance: 5 bp × 2 orders: −$10
Fee Phemex: 6 bp × 2 orders: −$12
Net: −$104.55
Costs to cover: 1.143%
Break-even: never at this rate

Slippage from Binance: live order book, 10 min ago; Phemex: 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, 10 min ago	0.04 bp	5.1 bp −$5	5.4 bp −$54	13.4 bp −$1,344	doesn't fit
Sell Phemex live order book, 4 min ago	5.60 bp	63.8 bp −$64	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	−0.0063%	4h	1,386	+0.289%	$3.4M	$391K	10x	as long as short
Aster SKHYNIXUSD1	0.0000%	4h	1,382.6	+0.042%	$18.7M	$38.6M	20x	as long as short
Extended SKHYNIX-USD	0.0000%	1h	1,381.6	−0.032%	$2.4M	$71K	10x	as long as short
Binance SKHYNIXUSDTlong	0.0000%	4h	1,382	long leg	$342.8M	$793.7M	50x
Bybit SKHYNIXUSDT	0.0000%	8h	1,383.1	+0.078%	$20.1M	$31.6M	100x	as long as short
Gate SKHYNIX_USDT	0.0000%	4h	1,384.3	+0.162%	$141.0M	$70.5M	75x	as long as short
GRVT SKHYNIX_USDT_Perp	0.0000%	4h	1,386	+0.289%	$100K	$207K	10x	as long as short
SunX SKHYNIX-USDT	0.0000%	4h	1,383.8	+0.126%	$1K	$579K	10x	as long as short
HTX SKHYNIX-USDT	0.0000%	4h	1,384.6	+0.189%	$1.3M	$2.4M	50x	as long as short
Phemex SKHYNIXUSDTshort	0.0000%	8h	1,384	+0.144%	$1.2M	$774K	10x

Show all 23 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bullet SKHYNIX-USD	+0.0016%	1h	1,383.7	+0.123%	$14K	$468K	10x	as long as short
BloFin SKHYNIX-USDT	+0.0049%	4h	1,384	+0.143%	$2.6M	$4.1M	50x	as long as short
tradeXYZ xyz:SKHX	+0.0050%	1h	1,382.6	+0.042%	$302.4M	$228.6M	10x	as long as short
Polymarket Perps SKHYNIX-USD	+0.0050%	1h	1,384	+0.143%	$267K	$997K	10x	as long as short
SoDEX SKHX-USD	+0.0050%	1h	1,383.7	+0.118%	$736	$8K	10x	as long as short
Pacifica SKHYNIX	+0.0100%	1h	1,383.3	+0.095%	$108K	$408K	10x	as long as short
KuCoin SKHYNIXUSDTM	+0.0100%	4h	1,383.1	+0.074%	$5.1M	$8.0M	20x	as long as short
ApeX Omni SKHYNIXUSDT	+0.0100%	1h	1,386.7	+0.340%	$145K	$260K	50x	as long as short
Orderly PERP_SKHYNIX_USDC_mythos	+0.0100%	8h	1,383.2	+0.086%	$5K	$858	10x	as long as short
Aevo SKHX-PERP	+0.0104%	1h	1,384.2	+0.154%	$32K	—	10x	as long as short
Aftermath Perps SKHYNIXUSD	+0.0169%	1h	1,384.7	+0.191%	$660	$37K	5x	as long as short
Bitget SKHYNIXUSDT	+0.0182%	4h	1,382.5	+0.035%	$22.7M	$28.1M	20x	as long as short
OKX SKHYNIX-USDT-SWAP	+0.0384%	8h	1,382.3	+0.020%	$54.1M	$114.9M	50x	as long as short