Funding arb · Price arb /

SKHYNIX

RWAall SKHYNIX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0016%/8h= +1.8% APRpaid last 24h −0.031%

Price spread now: Bullet against Bybit+0.045%7-day average −0.013% · 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−$25as in the Price arb table

costs, in and out, $10k−$310.311% of the position

Long on Bybit Short on Bullet

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.043%+$4 on $10k

Price spread, last 4 days (all we have)+0.121%+$12 · spread now +0.045%, 7d avg −0.013%

Together, before fees+0.164%+$16 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays $0 a day on $10k at the current rate, and Bullet is 0.059% dearer against Bybit than usual: you sell high and buy low: +$6 more if the spread goes back to its 7-day average of −0.013%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit SKHYNIXUSDT	1,383.1	0	get 0.0000% / 8h	3h 18m	$20.1M	$31.6M	100x
Short	Bullet SKHYNIX-USD	1,383.7	0.0016	get 0.0002% / 1h	18m 59s	$14K	$468K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bullet against Bybit. 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 BybitbpFee BulletbpOrdersPrice spread, now +0.045%Rate

Funding earned: $3.44
Price spread: +0.045% → −0.013%: $5.89
Slippage, 4 orders: −$12.08
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Bullet: 4 bp × 2 orders: −$8
Net: −$21.75
Costs to cover: 0.311%
Break-even: 51.3 days

Slippage from Bybit: live order book, 5 min ago; Bullet: live order book, 35 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 Bybit live order book, 5 min ago	0.18 bp	8.3 bp −$8	12.4 bp −$124	52.3 bp −$5,235	doesn't fit
Sell Bullet live order book, 35 min ago	1.43 bp	8.1 bp −$8	20.3 bp −$203	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	−0.0063%	4h	1,386	+0.211%	$3.4M	$391K	10x	as long as short
Aster SKHYNIXUSD1	0.0000%	4h	1,382.6	−0.036%	$18.7M	$38.6M	20x	as long as short
Extended SKHYNIX-USD	0.0000%	1h	1,381.6	−0.109%	$2.4M	$71K	10x	as long as short
Binance SKHYNIXUSDT	0.0000%	4h	1,382	−0.078%	$342.8M	$793.7M	50x	as long as short
Bybit SKHYNIXUSDTlong	0.0000%	8h	1,383.1	long leg	$20.1M	$31.6M	100x
Gate SKHYNIX_USDT	0.0000%	4h	1,384.3	+0.084%	$141.0M	$70.5M	75x	as long as short
GRVT SKHYNIX_USDT_Perp	0.0000%	4h	1,386	+0.211%	$100K	$207K	10x	as long as short
SunX SKHYNIX-USDT	0.0000%	4h	1,383.8	+0.048%	$1K	$579K	10x	as long as short
HTX SKHYNIX-USDT	0.0000%	4h	1,384.6	+0.111%	$1.3M	$2.4M	50x	as long as short
Phemex SKHYNIXUSDT	0.0000%	8h	1,384	+0.066%	$1.2M	$774K	10x	as long as short

Show all 23 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bullet SKHYNIX-USDshort	+0.0016%	1h	1,383.7	+0.045%	$14K	$468K	10x
BloFin SKHYNIX-USDT	+0.0049%	4h	1,384	+0.065%	$2.6M	$4.1M	50x	as long as short
tradeXYZ xyz:SKHX	+0.0050%	1h	1,382.6	−0.036%	$302.4M	$228.6M	10x	as long as short
Polymarket Perps SKHYNIX-USD	+0.0050%	1h	1,384	+0.065%	$267K	$997K	10x	as long as short
SoDEX SKHX-USD	+0.0050%	1h	1,383.7	+0.040%	$736	$8K	10x	as long as short
Pacifica SKHYNIX	+0.0100%	1h	1,383.3	+0.017%	$108K	$408K	10x	as long as short
KuCoin SKHYNIXUSDTM	+0.0100%	4h	1,383.1	−0.004%	$5.1M	$8.0M	20x	as long as short
ApeX Omni SKHYNIXUSDT	+0.0100%	1h	1,386.7	+0.262%	$145K	$260K	50x	as long as short
Orderly PERP_SKHYNIX_USDC_mythos	+0.0100%	8h	1,383.2	+0.008%	$5K	$858	10x	as long as short
Aevo SKHX-PERP	+0.0104%	1h	1,384.2	+0.076%	$32K	—	10x	as long as short
Aftermath Perps SKHYNIXUSD	+0.0169%	1h	1,384.7	+0.113%	$660	$37K	5x	as long as short
Bitget SKHYNIXUSDT	+0.0182%	4h	1,382.5	−0.043%	$22.7M	$28.1M	20x	as long as short
OKX SKHYNIX-USDT-SWAP	+0.0384%	8h	1,382.3	−0.058%	$54.1M	$114.9M	50x	as long as short