Funding arb · Price arb /

SKHYNIX

RWAall SKHYNIX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0305%/8h= −33.4% APRpaid last 24h −0.001%

Price spread now: SunX against Bybit−0.012%7-day average −0.023% · you buy dearer than you sell

Net, funding: paid 7d − costs−$85as in the Funding arb table

Net, price: spread back to 7d avg − costs−$78as in the Price arb table

costs, in and out, $10k−$790.787% of the position

Long on Bybit Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.065%−$6 on $10k

Price spread, last 3 days (all we have)+0.035%+$3 · spread now −0.012%, 7d avg −0.023%

Together, before fees−0.030%−$3 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.023%, so right now this pair is about funding alone: −$9 a day on $10k at the current rate.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.065% in total (about -3.4% 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	1,383.9	0.0305	pay 0.0305% / 8h	15m 43s	$20.4M	$36.4M	100x
Short	SunX SKHYNIX-USDT	1,383.7	0	get 0.0000% / 4h	15m 43s	$1K	$892K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now −0.012%Rate

Funding earned: −$64.01
Price spread: −0.012% → −0.023%: $1.03
Slippage, 4 orders: −$59.72
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee SunX: 4 bp × 2 orders: −$8
Net: −$141.69
Costs to cover: 0.787%
Break-even: never at this rate

Slippage from Bybit: live order book, 3 min ago; SunX: live order book, 47 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, 3 min ago	0.40 bp	7.6 bp −$8	15.0 bp −$150	46.0 bp −$4,600	doesn't fit
Sell SunX live order book, 47 min ago	28.10 bp	32.1 bp −$32	doesn't fit	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
Bullet SKHYNIX-USD	0.0000%	1h	1,383.5	−0.027%	$15K	$467K	10x	as long as short
SunX SKHYNIX-USDTshort	0.0000%	4h	1,383.7	−0.012%	$1K	$892K	10x
Phemex SKHYNIXUSDT	0.0000%	8h	1,383.7	−0.012%	$1.2M	$769K	10x	as long as short
SoDEX SKHX-USD	+0.0030%	1h	1,384.3	+0.027%	$736	$8K	10x	as long as short
Polymarket Perps SKHYNIX-USD	+0.0050%	1h	1,384.4	+0.038%	$277K	$1.6M	10x	as long as short
tradeXYZ xyz:SKHX	+0.0068%	1h	1,384.3	+0.031%	$346.3M	$186.7M	10x	as long as short
edgeX SKHYNIXUSDC	+0.0086%	4h	1,383.5	−0.023%	$3.4M	$432K	10x	as long as short
Aster SKHYNIXUSD1	+0.0088%	4h	1,382.4	−0.103%	$18.4M	$42.8M	20x	as long as short
ApeX Omni SKHYNIXUSDT	+0.0100%	1h	1,383.5	−0.027%	$144K	$263K	50x	as long as short
Orderly PERP_SKHYNIX_USDC_mythos	+0.0100%	8h	1,383.2	−0.050%	$5K	$1K	10x	as long as short

Show all 23 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aevo SKHX-PERP	+0.0104%	1h	1,385.1	+0.087%	$32K	—	10x	as long as short
Bitget SKHYNIXUSDT	+0.0116%	4h	1,383.8	−0.002%	$24.1M	$26.7M	20x	as long as short
Gate SKHYNIX_USDT	+0.0132%	4h	1,384.2	+0.025%	$136.9M	$73.5M	75x	as long as short
HTX SKHYNIX-USDT	+0.0164%	4h	1,384.1	+0.017%	$1.2M	$2.2M	50x	as long as short
KuCoin SKHYNIXUSDTM	+0.0188%	4h	1,383.2	−0.048%	$5.1M	$8.2M	20x	as long as short
BloFin SKHYNIX-USDT	+0.0285%	4h	1,383.5	−0.024%	$2.5M	$4.1M	50x	as long as short
OKX SKHYNIX-USDT-SWAP	+0.0296%	8h	1,383.6	−0.020%	$52.5M	$112.7M	50x	as long as short
Extended SKHYNIX-USD	+0.0304%	1h	1,382.7	−0.085%	$2.4M	$225K	10x	as long as short
Bybit SKHYNIXUSDTlong	+0.0305%	8h	1,383.9	long leg	$20.4M	$36.4M	100x
Binance SKHYNIXUSDT	+0.0311%	4h	1,382.9	−0.068%	$352.9M	$738.8M	50x	as long as short
GRVT SKHYNIX_USDT_Perp	+0.0432%	4h	1,384.3	+0.028%	$105K	$208K	10x	as long as short
Pacifica SKHYNIX	+0.0621%	1h	1,384.2	+0.024%	$148K	$407K	10x	as long as short
Aftermath Perps SKHYNIXUSD	+0.0758%	1h	1,384.3	+0.031%	$674	$39K	5x	as long as short