Funding arb · Price arb /

SKHYNIX

RWAall SKHYNIX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0254%/8h= −27.8% APRpaid last 24h −0.072%

Price spread now: Bullet against BloFin+0.023%7-day average +0.001% · 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−$28as in the Price arb table

costs, in and out, $10k−$300.298% of the position

Long on BloFin Short on Bullet

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.078%−$8 on $10k

Price spread, last 3 days (all we have)+0.003%$0 · spread now +0.023%, 7d avg +0.001%

Together, before fees−0.074%−$7 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Bullet is 0.022% dearer against BloFin than usual: you sell high and buy low (spread +0.023% now, against its 7-day average of +0.001%): +$2 on $10k if it goes back. Holding the pair costs −$8 a day in funding at the current rate, which eats that in about 7 hours. At the pace of the last 3 days (−0.078% in total) that is about 22 hours.

The current funding rate is far above what this pair has been paying: over the last 3 days it paid -0.078% in total (about -8.9% 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	BloFin SKHYNIX-USDT	1,383.2	0.0254	pay 0.0127% / 4h	14m 49s	$2.5M	$4.1M	50x
Short	Bullet SKHYNIX-USD	1,383.5	0	get 0.0000% / 1h	14m 49s	$15K	$467K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bullet against BloFin. 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 BloFinbpFee BulletbpOrdersPrice spread, now +0.023%Rate

Funding earned: −$53.4
Price spread: +0.023% → +0.001%: $2.18
Slippage, 4 orders: −$9.8
Fee BloFin: 6 bp × 2 orders: −$12
Fee Bullet: 4 bp × 2 orders: −$8
Net: −$81.01
Costs to cover: 0.298%
Break-even: never at this rate

Slippage from BloFin: live order book, 4 min ago; Bullet: live order book, 64 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 BloFin live order book, 4 min ago	0.47 bp	7.5 bp −$7	9.6 bp −$96	15.2 bp −$1,520	doesn't fit
Sell Bullet live order book, 64 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
edgeX SKHYNIXUSDC	−0.0212%	4h	1,383.4	+0.017%	$3.4M	$432K	10x	as long as short
Bullet SKHYNIX-USDshort	0.0000%	1h	1,383.5	+0.023%	$15K	$467K	10x
SunX SKHYNIX-USDT	0.0000%	4h	1,383.7	+0.037%	$1K	$892K	10x	as long as short
Phemex SKHYNIXUSDT	0.0000%	8h	1,383.3	+0.008%	$1.2M	$769K	10x	as long as short
SoDEX SKHX-USD	+0.0027%	1h	1,384	+0.055%	$736	$8K	10x	as long as short
Polymarket Perps SKHYNIX-USD	+0.0050%	1h	1,384.4	+0.087%	$277K	$1.6M	10x	as long as short
tradeXYZ xyz:SKHX	+0.0057%	1h	1,385.1	+0.138%	$346.5M	$186.9M	10x	as long as short
Aster SKHYNIXUSD1	+0.0088%	4h	1,382.7	−0.033%	$18.4M	$42.8M	20x	as long as short
ApeX Omni SKHYNIXUSDT	+0.0100%	1h	1,384.1	+0.066%	$144K	$263K	50x	as long as short
Orderly PERP_SKHYNIX_USDC_mythos	+0.0100%	8h	1,383.1	−0.005%	$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	1,385.1	+0.135%	$32K	—	10x	as long as short
Bitget SKHYNIXUSDT	+0.0120%	4h	1,383.8	+0.047%	$24.1M	$26.7M	20x	as long as short
Gate SKHYNIX_USDT	+0.0128%	4h	1,384.4	+0.090%	$136.9M	$73.5M	75x	as long as short
HTX SKHYNIX-USDT	+0.0163%	4h	1,383.8	+0.041%	$1.2M	$2.2M	50x	as long as short
KuCoin SKHYNIXUSDTM	+0.0190%	4h	1,383.1	−0.004%	$5.1M	$8.2M	20x	as long as short
BloFin SKHYNIX-USDTlong	+0.0254%	4h	1,383.2	long leg	$2.5M	$4.1M	50x
OKX SKHYNIX-USDT-SWAP	+0.0292%	8h	1,384	+0.059%	$52.5M	$112.7M	50x	as long as short
Bybit SKHYNIXUSDT	+0.0305%	8h	1,384.1	+0.063%	$20.4M	$36.4M	100x	as long as short
Binance SKHYNIXUSDT	+0.0311%	4h	1,383	−0.017%	$352.9M	$739.0M	50x	as long as short
Extended SKHYNIX-USD	+0.0312%	1h	1,382.7	−0.037%	$2.4M	$225K	10x	as long as short
GRVT SKHYNIX_USDT_Perp	+0.0442%	4h	1,384	+0.056%	$105K	$208K	10x	as long as short
Pacifica SKHYNIX	+0.0621%	1h	1,383.4	+0.015%	$148K	$407K	10x	as long as short
Aftermath Perps SKHYNIXUSD	+0.0761%	1h	1,383.9	+0.048%	$674	$39K	5x	as long as short