Funding arb · Price arb /

SKHYNIX

RWAall SKHYNIX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0183%/8h= −20.0% APRpaid last 24h +0.071%

Price spread now: Binance against Bullet−0.032%7-day average −0.027% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$23as in the Price arb table

costs, in and out, $10k−$230.229% of the position

Long on Bullet Short on Binance

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.094%+$9 on $10k

Price spread, last 4 days (all we have)−0.017%−$2 · spread now −0.032%, 7d avg −0.027%

Together, before fees+0.077%+$8 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.027%, so right now this pair is about funding alone: −$5 a day on $10k at the current rate. Mind the row above: over the last 3 days funding on this pair paid +0.094%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bullet SKHYNIX-USD	1,378	0.0183	pay 0.0023% / 1h	48m 23s	$14K	$470K	10x
Short	Binance SKHYNIXUSDT	1,377.5	0	get 0.0000% / 4h	2h 48m	$339.0M	$824.2M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Bullet. 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 BulletbpFee BinancebpOrdersPrice spread, now −0.032%Rate

Funding earned: −$38.37
Price spread: −0.032% → −0.027%: −$0.44
Slippage, 4 orders: −$4.87
Fee Bullet: 4 bp × 2 orders: −$8
Fee Binance: 5 bp × 2 orders: −$10
Net: −$61.68
Costs to cover: 0.229%
Break-even: never at this rate

Slippage from Bullet: live order book, 1 min ago; Binance: live order book, 11 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 Bullet live order book, 1 min ago	0.36 bp	6.3 bp −$6	21.2 bp −$212	doesn't fit	doesn't fit
Sell Binance live order book, 11 min ago	0.04 bp	5.0 bp −$5	5.2 bp −$52	12.9 bp −$1,285	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	−0.0837%	4h	1,381.4	+0.253%	$3.4M	$391K	10x	as long as short
Aster SKHYNIXUSD1	0.0000%	4h	1,378.2	+0.020%	$18.7M	$37.1M	20x	as long as short
Extended SKHYNIX-USD	0.0000%	1h	1,377.9	−0.006%	$2.4M	$71K	10x	as long as short
Binance SKHYNIXUSDTshort	0.0000%	4h	1,377.5	−0.032%	$339.0M	$824.2M	50x
Bybit SKHYNIXUSDT	0.0000%	8h	1,377.9	−0.003%	$19.9M	$31.1M	100x	as long as short
Gate SKHYNIX_USDT	0.0000%	4h	1,379.3	+0.097%	$142.2M	$71.0M	75x	as long as short
GRVT SKHYNIX_USDT_Perp	0.0000%	4h	1,382	+0.295%	$100K	$208K	10x	as long as short
SunX SKHYNIX-USDT	0.0000%	4h	1,380	+0.145%	$947	$565K	10x	as long as short
HTX SKHYNIX-USDT	0.0000%	4h	1,382	+0.295%	$1.3M	$2.4M	50x	as long as short
Phemex SKHYNIXUSDT	0.0000%	8h	1,379.8	+0.131%	$1.2M	$775K	10x	as long as short

Show all 23 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BloFin SKHYNIX-USDT	+0.0022%	4h	1,380	+0.147%	$2.6M	$4.1M	50x	as long as short
SoDEX SKHX-USD	+0.0050%	1h	1,379.8	+0.133%	$734	$8K	10x	as long as short
tradeXYZ xyz:SKHX	+0.0073%	1h	1,376.7	−0.091%	$298.8M	$233.7M	10x	as long as short
Pacifica SKHYNIX	+0.0100%	1h	1,378.3	+0.023%	$105K	$411K	10x	as long as short
KuCoin SKHYNIXUSDTM	+0.0100%	4h	1,377	−0.070%	$5.1M	$8.1M	20x	as long as short
ApeX Omni SKHYNIXUSDT	+0.0100%	1h	1,382	+0.290%	$144K	$260K	50x	as long as short
Orderly PERP_SKHYNIX_USDC_mythos	+0.0100%	8h	1,379.9	+0.142%	$5K	$858	10x	as long as short
Aevo SKHX-PERP	+0.0104%	1h	1,380.6	+0.194%	$32K	—	10x	as long as short
Bullet SKHYNIX-USDlong	+0.0183%	1h	1,378	long leg	$14K	$470K	10x
Aftermath Perps SKHYNIXUSD	+0.0186%	1h	1,379.6	+0.116%	$658	$37K	5x	as long as short
Polymarket Perps SKHYNIX-USD	+0.0193%	1h	1,377.8	−0.011%	$266K	$997K	10x	as long as short
Bitget SKHYNIXUSDT	+0.0202%	4h	1,378.1	+0.010%	$22.3M	$30.0M	20x	as long as short
OKX SKHYNIX-USDT-SWAP	+0.0363%	8h	1,378.3	+0.025%	$54.0M	$119.7M	50x	as long as short