Funding arb · Price arb /

SKHYNIX

RWAall SKHYNIX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC+0.0964%/8h= +105.6% APRpaid last 24h +0.043%

Price spread now: BloFin against Bullet−0.006%7-day average −0.003% · 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−$30as in the Price arb table

costs, in and out, $10k−$290.292% of the position

Long on Bullet Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.071%+$7 on $10k

Price spread, last 4 days (all we have)−0.035%−$3 · spread now −0.006%, 7d avg −0.003%

Together, before fees+0.037%+$4 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.003%, so right now this pair is about funding alone: +$29 a day on $10k at the current rate.

The current funding rate is far above what this pair has been paying: over the last 4 days it paid 0.071% in total (about 7.1% 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	Bullet SKHYNIX-USD	1,358.3	−0.0513	get 0.0064% / 1h	2m 53s	$12K	$466K	10x
Short	BloFin SKHYNIX-USDT	1,358.2	0.0451	get 0.0226% / 4h	1h 02m	$2.5M	$4.3M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin 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 BloFinbpOrdersPrice spread, now −0.006%Rate

Funding earned: $202.49
Price spread: −0.006% → −0.003%: −$0.32
Slippage, 4 orders: −$9.25
Fee Bullet: 4 bp × 2 orders: −$8
Fee BloFin: 6 bp × 2 orders: −$12
Net: $172.92
Costs to cover: 0.292%
Break-even: 1.0 days

Slippage from Bullet: live order book, 44 min ago; BloFin: 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 Bullet live order book, 44 min ago	1.47 bp	8.3 bp −$8	20.8 bp −$208	doesn't fit	doesn't fit
Sell BloFin live order book, 4 min ago	0.48 bp	6.5 bp −$6	8.7 bp −$87	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-USDlong	−0.0513%	1h	1,358.3	long leg	$12K	$466K	10x
tradeXYZ xyz:SKHX	−0.0481%	1h	1,359.4	+0.081%	$298.8M	$303.2M	10x	as long as short
Polymarket Perps SKHYNIX-USD	−0.0397%	1h	1,359.3	+0.073%	$223K	$1.0M	10x	as long as short
Aftermath Perps SKHYNIXUSD	−0.0048%	1h	1,358.7	+0.026%	$711	$32K	5x	as long as short
Bybit SKHYNIXUSDT	0.0000%	8h	1,359	+0.054%	$18.4M	$32.9M	100x	as long as short
OKX SKHYNIX-USDT-SWAP	0.0000%	8h	1,358.9	+0.044%	$51.0M	$150.5M	50x	as long as short
Gate SKHYNIX_USDT	0.0000%	4h	1,359.2	+0.064%	$137.9M	$80.4M	75x	as long as short
SunX SKHYNIX-USDT	0.0000%	4h	1,359.9	+0.115%	$994	$411K	10x	as long as short
Phemex SKHYNIXUSDT	0.0000%	8h	1,358.4	+0.006%	$1.2M	$787K	10x	as long as short
SoDEX SKHX-USD	+0.0026%	1h	1,358.4	+0.003%	$397	$8K	10x	as long as short

Show all 23 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster SKHYNIXUSD1	+0.0083%	4h	1,359.8	+0.113%	$18.2M	$19.6M	20x	as long as short
Pacifica SKHYNIX	+0.0100%	1h	1,358.8	+0.038%	$133K	$491K	10x	as long as short
KuCoin SKHYNIXUSDTM	+0.0100%	4h	1,358.8	+0.034%	$5.1M	$8.4M	20x	as long as short
ApeX Omni SKHYNIXUSDT	+0.0100%	1h	1,359.7	+0.099%	$147K	$264K	50x	as long as short
Orderly PERP_SKHYNIX_USDC_mythos	+0.0100%	8h	1,359.2	+0.067%	$5K	$1K	10x	as long as short
Aevo SKHX-PERP	+0.0104%	1h	1,359.3	+0.073%	$32K	—	10x	as long as short
edgeX SKHYNIXUSDC	+0.0106%	4h	1,359.5	+0.091%	$3.3M	$429K	10x	as long as short
Bitget SKHYNIXUSDT	+0.0256%	4h	1,359.2	+0.062%	$21.8M	$39.7M	20x	as long as short
HTX SKHYNIX-USDT	+0.0414%	4h	1,359.6	+0.092%	$1.3M	$3.0M	50x	as long as short
Extended SKHYNIX-USD	+0.0432%	1h	1,357.7	−0.044%	$2.3M	$85K	10x	as long as short
Binance SKHYNIXUSDT	+0.0433%	4h	1,358.4	+0.008%	$325.6M	$1.05B	50x	as long as short
BloFin SKHYNIX-USDTshort	+0.0451%	4h	1,358.2	−0.006%	$2.5M	$4.3M	50x
GRVT SKHYNIX_USDT_Perp	+0.0922%	4h	1,359.6	+0.097%	$98K	$214K	10x	as long as short