Funding arb · Price arb /

SKHYNIX

RWAall SKHYNIX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0050%/8h= +5.5% APRpaid last 24h −0.012%

Price spread now: SoDEX against Bybit−0.159%46s7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Bybit Short on SoDEX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Funding pays, the price is against you. SoDEX is 0.159% cheaper against Bybit than usual: you would sell low and buy high (spread −0.159% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$16 on $10k: about 11 days of funding at the current rate (+$2 a day). The two prices were read 46 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit SKHYNIXUSDT	1,380.3	0	get 0.0000% / 8h	3h 07m	$20.0M	$31.6M	100x
Short	SoDEX SKHX-USD	1,378.1	0.0050	get 0.0006% / 1h	7m 28s	$733	$8K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SoDEX 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 SoDEXbpOrdersPrice spread, now −0.159%Rate

Funding earned: $10.5
Price spread: −0.159% → 0.000%: −$15.87
Slippage, 4 orders: no order book: not counted
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee SoDEX: 4 bp × 2 orders: −$8
Net: −$24.37
Costs to cover: 0.190%
Break-even: 23.2 days

Slippage unknown: Bybit: live order book, 1 min ago; SoDEX: no order-book sample. Net counts fees only.

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	9.2 bp −$9	10.9 bp −$109	45.7 bp −$4,568	doesn't fit
Sell SoDEX no order-book sample	—	—	—	—	—

SoDEX: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	−0.0808%	4h	1,375.9	−0.318%	$3.4M	$390K	10x	as long as short
BloFin SKHYNIX-USDT	−0.0046%	4h	1,375.9	−0.320%	$2.6M	$4.0M	50x	as long as short
Aster SKHYNIXUSD1	0.0000%	4h	1,379	−0.092%	$18.7M	$37.9M	20x	as long as short
Extended SKHYNIX-USD	0.0000%	1h	1,379.3	−0.074%	$2.4M	$71K	10x	as long as short
Binance SKHYNIXUSDT	0.0000%	4h	1,378.8	−0.108%	$341.1M	$810.5M	50x	as long as short
Bybit SKHYNIXUSDTlong	0.0000%	8h	1,380.3	long leg	$20.0M	$31.6M	100x
Gate SKHYNIX_USDT	0.0000%	4h	1,380.2	−0.007%	$141.8M	$72.1M	75x	as long as short
GRVT SKHYNIX_USDT_Perp	0.0000%	4h	1,376.7	−0.262%	$99K	$208K	10x	as long as short
SunX SKHYNIX-USDT	0.0000%	4h	1,376.2	−0.296%	$1K	$582K	10x	as long as short
HTX SKHYNIX-USDT	0.0000%	4h	1,376.2	−0.297%	$1.3M	$2.4M	50x	as long as short

Show all 23 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phemex SKHYNIXUSDT	0.0000%	8h	1,379	−0.090%	$1.2M	$775K	10x	as long as short
tradeXYZ xyz:SKHX	+0.0050%	1h	1,377.8	−0.180%	$299.9M	$231.7M	10x	as long as short
SoDEX SKHX-USDshort	+0.0050%	1h	1,378.1	−0.159%	$733	$8K	10x
Bullet SKHYNIX-USD	+0.0068%	1h	1,378.5	−0.129%	$14K	$470K	10x	as long as short
Polymarket Perps SKHYNIX-USD	+0.0079%	1h	1,379.4	−0.064%	$266K	$997K	10x	as long as short
Pacifica SKHYNIX	+0.0100%	1h	1,379.2	−0.075%	$106K	$410K	10x	as long as short
KuCoin SKHYNIXUSDTM	+0.0100%	4h	1,379.2	−0.077%	$5.1M	$8.0M	20x	as long as short
ApeX Omni SKHYNIXUSDT	+0.0100%	1h	1,375.6	−0.338%	$143K	$260K	50x	as long as short
Orderly PERP_SKHYNIX_USDC_mythos	+0.0100%	8h	1,378.3	−0.141%	$5K	$858	10x	as long as short
Aevo SKHX-PERP	+0.0104%	1h	1,378.5	−0.131%	$32K	—	10x	as long as short
Aftermath Perps SKHYNIXUSD	+0.0191%	1h	1,378.1	−0.158%	$695	$37K	5x	as long as short
Bitget SKHYNIXUSDT	+0.0216%	4h	1,379.6	−0.046%	$22.4M	$29.4M	20x	as long as short
OKX SKHYNIX-USDT-SWAP	+0.0389%	8h	1,379.9	−0.028%	$53.6M	$117.2M	50x	as long as short