Funding arb · Price arb /

SKHYNIX

RWAall SKHYNIX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC+0.0994%/8h= +108.9% APRpaid last 24h −0.019%

Price spread now: Gate against Bybit+0.047%7-day average +0.017% · you sell dearer than you buy

Net, funding: paid 7d − costs−$29as in the Funding arb table

Net, price: spread back to 7d avg − costs−$33as in the Price arb table

costs, in and out, $10k−$360.361% of the position

Long on Bybit Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days+0.070%+$7 on $10k

Price spread, last 7 days−0.002%$0 · spread now +0.047%, 7d avg +0.017%

Together, before fees+0.068%+$7 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$30 a day on $10k at the current rate, and Gate is 0.030% dearer against Bybit than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of +0.017%.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.070% in total (about 3.7% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit SKHYNIXUSDT	1,332.2	−0.1102	get 0.1102% / 8h	7h 27m	$18.3M	$31.4M	100x
Short	Gate SKHYNIX_USDT	1,332.9	−0.0108	pay 0.0054% / 4h	3h 27m	$137.7M	$76.3M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now +0.047%Rate

Funding earned: $208.79
Price spread: +0.047% → +0.017%: $3.03
Slippage, 4 orders: −$10.12
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Gate: 7.5 bp × 2 orders: −$15
Net: $175.7
Costs to cover: 0.361%
Break-even: 1.1 days

Slippage from Bybit: live order book, 1 min ago; Gate: 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 Bybit live order book, 1 min ago	0.04 bp	6.5 bp −$6	13.2 bp −$132	46.7 bp −$4,667	doesn't fit
Sell Gate live order book, 2 min ago	0.15 bp	10.8 bp −$11	25.1 bp −$251	33.8 bp −$3,382	56.4 bp −$28.2K

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
GRVT SKHYNIX_USDT_Perp	−0.4304%	4h	1,329.9	−0.173%	$96K	$225K	10x	as long as short
HTX SKHYNIX-USDT	−0.3906%	4h	1,329.5	−0.208%	$1.2M	$2.7M	50x	as long as short
SunX SKHYNIX-USDT	−0.1509%	4h	1,332.8	+0.044%	$969	$445K	10x	as long as short
edgeX SKHYNIXUSDC	−0.1478%	4h	1,331.3	−0.068%	$3.2M	$431K	10x	as long as short
ApeX Omni SKHYNIXUSDT	−0.1441%	1h	1,330.3	−0.145%	$139K	$259K	50x	as long as short
Bybit SKHYNIXUSDTlong	−0.1102%	8h	1,332.2	long leg	$18.3M	$31.4M	100x
Extended SKHYNIX-USD	−0.0864%	1h	1,331.1	−0.086%	$2.3M	$85K	10x	as long as short
Binance SKHYNIXUSDT	−0.0863%	4h	1,332.3	+0.008%	$324.9M	$985.6M	50x	as long as short
KuCoin SKHYNIXUSDTM	−0.0824%	4h	1,332.1	−0.006%	$5.1M	$8.3M	20x	as long as short
BloFin SKHYNIX-USDT	−0.0706%	4h	1,327.8	−0.333%	$2.5M	$4.0M	50x	as long as short

Show all 23 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster SKHYNIXUSD1	−0.0575%	4h	1,337.6	+0.400%	$18.0M	$26.0M	20x	as long as short
Bitget SKHYNIXUSDT	−0.0508%	4h	1,332.2	−0.005%	$21.1M	$36.7M	20x	as long as short
Aftermath Perps SKHYNIXUSD	−0.0245%	1h	1,331.5	−0.052%	$722	$35K	5x	as long as short
Gate SKHYNIX_USDTshort	−0.0108%	4h	1,332.9	+0.047%	$137.7M	$76.3M	75x
Phemex SKHYNIXUSDT	0.0000%	8h	1,330.3	−0.146%	$1.1M	$779K	10x	as long as short
Polymarket Perps SKHYNIX-USD	+0.0050%	1h	1,332.4	+0.014%	$249K	$974K	10x	as long as short
Orderly PERP_SKHYNIX_USDC_mythos	+0.0086%	8h	1,331.2	−0.074%	$5K	$1K	10x	as long as short
Aevo SKHX-PERP	+0.0104%	1h	1,331.5	−0.053%	$31K	—	10x	as long as short
SoDEX SKHX-USD	+0.0193%	1h	1,329.6	−0.200%	$388	$8K	10x	as long as short
OKX SKHYNIX-USDT-SWAP	+0.0278%	8h	1,331.3	−0.069%	$51.3M	$133.9M	50x	as long as short
Pacifica SKHYNIX	+0.0285%	1h	1,331.6	−0.047%	$103K	$444K	10x	as long as short
tradeXYZ xyz:SKHX	+0.0544%	1h	1,331.9	−0.024%	$294.4M	$282.8M	10x	as long as short
Bullet SKHYNIX-USD	+0.0756%	1h	1,332.6	+0.029%	$14K	$466K	10x	as long as short