Funding you earn now, next payment 12:00 UTC−0.0418%/8h= −45.7% APRpaid last 24h −0.052%
Price spread now: Phemex against BloFin−0.032%59s7-day average +0.023% · you buy dearer than you sell
Net, funding: paid 7d − costs−$142as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$1161.158% of the position
Funding, last 7 days−0.267%−$27 on $10k
+Price spread, last 4 days (all we have)+0.030%+$3 · spread now −0.032%, 7d avg +0.023%
=Both sides work against this trade now: funding costs −$13 a day on $10k at the current rate, and Phemex is 0.055% cheaper against BloFin than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of +0.023%). Swap the legs. The two prices were read 59 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 7 days it paid -0.267% in total (about -13.9% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made; yellow are the hours one leg has not settled yet: what the other leg paid, plus the unsettled leg at its current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BloFin SKHYNIX-USDT | 1,361.2 | 0.0418 | pay 0.0209% / 4h | 1h 45m | $2.5M | $4.2M | 50x |
| Short | Phemex SKHYNIXUSDT | 1,360.8 | 0 | get 0.0000% / 8h | 5h 45m | $1.2M | $786K | 10x |
BloFin SKHYNIX-USDT
Phemex SKHYNIXUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phemex against BloFin. 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
- −$87.69
- Price spread: −0.032% → +0.023%
- −$5.47
- Slippage, 4 orders
- −$91.78
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$208.94
- Costs to cover
- 1.158%
- Break-even
- never at this rate
Slippage from BloFin: live order book, 6 min ago; Phemex: 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 BloFin live order book, 6 min ago | 0.04 bp | 7.0 bp −$7 | 8.3 bp −$83 | doesn't fit | doesn't fit |
| Sell Phemex live order book, 5 min ago | 1.72 bp | 52.1 bp −$52 | doesn't fit | doesn't fit | doesn't fit |
SKHYNIX on 23 exchanges
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-USD | −0.1090% | 1h | 1,360.8 | −0.032% | $15K | $466K | 10x | as long as short |
| tradeXYZ xyz:SKHX | −0.1031% | 1h | 1,359.6 | −0.120% | $299.7M | $305.7M | 10x | as long as short |
| Polymarket Perps SKHYNIX-USD | −0.0934% | 1h | 1,361.7 | +0.034% | $242K | $964K | 10x | as long as short |
| SoDEX SKHX-USD | −0.0685% | 1h | 1,360.8 | −0.033% | $397 | $8K | 10x | as long as short |
| edgeX SKHYNIXUSDC | −0.0334% | 4h | 1,363.2 | +0.146% | $3.3M | $429K | 10x | as long as short |
| Aftermath Perps SKHYNIXUSD | −0.0135% | 1h | 1,361.5 | +0.016% | $770 | $32K | 5x | as long as short |
| Bybit SKHYNIXUSDT | 0.0000% | 8h | 1,360.5 | −0.052% | $18.5M | $33.0M | 100x | as long as short |
| OKX SKHYNIX-USDT-SWAP | 0.0000% | 8h | 1,358.8 | −0.179% | $51.1M | $148.9M | 50x | as long as short |
| SunX SKHYNIX-USDT | 0.0000% | 4h | 1,364.2 | +0.217% | $962 | $420K | 10x | as long as short |
| Phemex SKHYNIXUSDTshort | 0.0000% | 8h | 1,360.8 | −0.032% | $1.2M | $786K | 10x |
Bullet SKHYNIX-USD
tradeXYZ xyz:SKHX
Polymarket Perps SKHYNIX-USD
SoDEX SKHX-USD
edgeX SKHYNIXUSDC
Aftermath Perps SKHYNIXUSD
Bybit SKHYNIXUSDT
OKX SKHYNIX-USDT-SWAP
SunX SKHYNIX-USDTShow all 23 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Gate SKHYNIX_USDT | +0.0080% | 4h | 1,359.7 | −0.112% | $138.7M | $79.4M | 75x | as long as short |
| Pacifica SKHYNIX | +0.0100% | 1h | 1,361.6 | +0.024% | $125K | $476K | 10x | as long as short |
| KuCoin SKHYNIXUSDTM | +0.0100% | 4h | 1,359 | −0.165% | $5.1M | $8.3M | 20x | as long as short |
| Orderly PERP_SKHYNIX_USDC_mythos | +0.0100% | 8h | 1,360.3 | −0.072% | $5K | $1K | 10x | as long as short |
| Aevo SKHX-PERP | +0.0104% | 1h | 1,362 | +0.059% | $32K | — | 10x | as long as short |
| Aster SKHYNIXUSD1 | +0.0171% | 4h | 1,360.3 | −0.068% | $18.2M | $22.8M | 20x | as long as short |
| Bitget SKHYNIXUSDT | +0.0396% | 4h | 1,359.8 | −0.104% | $22.0M | $39.4M | 20x | as long as short |
| BloFin SKHYNIX-USDTlong | +0.0418% | 4h | 1,361.2 | long leg | $2.5M | $4.2M | 50x | |
| Extended SKHYNIX-USD | +0.0488% | 1h | 1,358.4 | −0.205% | $2.3M | $85K | 10x | as long as short |
| Binance SKHYNIXUSDT | +0.0496% | 4h | 1,358.9 | −0.172% | $325.8M | $1.04B | 50x | as long as short |
| HTX SKHYNIX-USDT | +0.1320% | 4h | 1,361.8 | +0.040% | $1.3M | $3.0M | 50x | as long as short |
| ApeX Omni SKHYNIXUSDT | +0.1606% | 1h | 1,363.3 | +0.154% | $148K | $264K | 50x | as long as short |
| GRVT SKHYNIX_USDT_Perp | +0.1830% | 4h | 1,364.2 | +0.218% | $99K | $209K | 10x | as long as short |
Gate SKHYNIX_USDT
Pacifica SKHYNIX
KuCoin SKHYNIXUSDTM
Orderly PERP_SKHYNIX_USDC_mythos
Aevo SKHX-PERP
Aster SKHYNIXUSD1
Bitget SKHYNIXUSDT
Extended SKHYNIX-USD
Binance SKHYNIXUSDT
HTX SKHYNIX-USDT
ApeX Omni SKHYNIXUSDT
GRVT SKHYNIX_USDT_Perp