Funding arb · Price arb /

SKHYNIX

RWAall SKHYNIX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0153%/8h= +16.8% APRpaid last 24h +0.085%

Price spread now: OKX against Bullet+0.114%7-day average +0.012% · 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−$14as in the Price arb table

costs, in and out, $10k−$250.247% of the position

Long on Bullet Short on OKX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.044%+$4 on $10k

Price spread, last 4 days (all we have)−0.267%−$27 · spread now +0.114%, 7d avg +0.012%

Together, before fees−0.223%−$22 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$5 a day on $10k at the current rate, and OKX is 0.102% dearer against Bullet than usual: you sell high and buy low: +$10 more if the spread goes back to its 7-day average of +0.012%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bullet SKHYNIX-USD	1,355	0.0218	pay 0.0027% / 1h	26m 51s	$15K	$469K	10x
Short	OKX SKHYNIX-USDT-SWAP	1,356.5	0.0371	get 0.0371% / 8h	2h 26m	$53.0M	$123.4M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now +0.114%Rate

Funding earned: $32.13
Price spread: +0.114% → +0.012%: $10.18
Slippage, 4 orders: −$6.66
Fee Bullet: 4 bp × 2 orders: −$8
Fee OKX: 5 bp × 2 orders: −$10
Net: $17.65
Costs to cover: 0.247%
Break-even: 3.2 days

Slippage from Bullet: live order book, 22 min ago; OKX: live order book, 2 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, 22 min ago	0.36 bp	6.3 bp −$6	21.2 bp −$212	doesn't fit	doesn't fit
Sell OKX live order book, 2 min ago	0.37 bp	5.7 bp −$6	7.4 bp −$74	21.9 bp −$2,190	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	−0.0692%	4h	1,360.4	+0.404%	$3.3M	$419K	10x	as long as short
BloFin SKHYNIX-USDT	−0.0043%	4h	1,355.9	+0.068%	$2.6M	$4.0M	50x	as long as short
Aster SKHYNIXUSD1	0.0000%	4h	1,356	+0.077%	$18.4M	$37.3M	20x	as long as short
Extended SKHYNIX-USD	0.0000%	1h	1,355.7	+0.052%	$2.3M	$78K	10x	as long as short
Binance SKHYNIXUSDT	0.0000%	4h	1,356	+0.076%	$334.1M	$858.6M	50x	as long as short
Bybit SKHYNIXUSDT	0.0000%	8h	1,356.4	+0.103%	$19.4M	$31.3M	100x	as long as short
Gate SKHYNIX_USDT	0.0000%	4h	1,356.3	+0.102%	$143.1M	$74.8M	75x	as long as short
SunX SKHYNIX-USDT	0.0000%	4h	1,355.9	+0.069%	$1K	$544K	10x	as long as short
HTX SKHYNIX-USDT	0.0000%	4h	1,357	+0.152%	$1.2M	$2.4M	50x	as long as short
Phemex SKHYNIXUSDT	0.0000%	8h	1,356.5	+0.114%	$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
GRVT SKHYNIX_USDT_Perp	+0.0016%	4h	1,358.5	+0.259%	$97K	$210K	10x	as long as short
SoDEX SKHX-USD	+0.0050%	1h	1,355.4	+0.036%	$721	$8K	10x	as long as short
Pacifica SKHYNIX	+0.0100%	1h	1,353.5	−0.107%	$103K	$422K	10x	as long as short
KuCoin SKHYNIXUSDTM	+0.0100%	4h	1,355.4	+0.030%	$5.0M	$8.1M	20x	as long as short
ApeX Omni SKHYNIXUSDT	+0.0100%	1h	1,358.4	+0.257%	$142K	$259K	50x	as long as short
Orderly PERP_SKHYNIX_USDC_mythos	+0.0100%	8h	1,355.2	+0.014%	$4K	$858	10x	as long as short
Aevo SKHX-PERP	+0.0104%	1h	1,356.1	+0.082%	$32K	—	10x	as long as short
tradeXYZ xyz:SKHX	+0.0104%	1h	1,355.1	+0.011%	$294.2M	$244.7M	10x	as long as short
Bullet SKHYNIX-USDlong	+0.0218%	1h	1,355	long leg	$15K	$469K	10x
Polymarket Perps SKHYNIX-USD	+0.0225%	1h	1,354.5	−0.033%	$262K	$997K	10x	as long as short
Aftermath Perps SKHYNIXUSD	+0.0227%	1h	1,359	+0.298%	$686	$37K	5x	as long as short
Bitget SKHYNIXUSDT	+0.0228%	4h	1,356.6	+0.121%	$22.0M	$31.1M	20x	as long as short
OKX SKHYNIX-USDT-SWAPshort	+0.0371%	8h	1,356.5	+0.114%	$53.0M	$123.4M	50x