Funding arb · Price arb /

SKHYNIX

RWAall SKHYNIX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0388%/8h= +42.5% APRpaid last 24h −0.002%

Price spread now: Bullet against Gate+0.016%7-day average −0.015% · 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−$28as in the Price arb table

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

Long on Gate Short on Bullet

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.035%+$4 on $10k

Price spread, last 4 days (all we have)+0.561%+$56 · spread now +0.016%, 7d avg −0.015%

Together, before fees+0.596%+$60 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$12 a day on $10k at the current rate, and Bullet is 0.031% dearer against Gate than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of −0.015%.

The current funding rate is far above what this pair has been paying: over the last 3 days it paid 0.035% in total (about 3.9% 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	Gate SKHYNIX_USDT	1,413.1	0	get 0.0000% / 4h	1h 54m	$143.3M	$63.0M	75x
Short	Bullet SKHYNIX-USD	1,413.3	0.0388	get 0.0048% / 1h	54m 16s	$15K	$466K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bullet against Gate. 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 GatebpFee BulletbpOrdersPrice spread, now +0.016%Rate

Funding earned: $81.45
Price spread: +0.016% → −0.015%: $3.07
Slippage, 4 orders: −$8.14
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Bullet: 4 bp × 2 orders: −$8
Net: $53.37
Costs to cover: 0.311%
Break-even: 2.4 days

Slippage from Gate: live order book, 5 min ago; Bullet: live order book, 10 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 Gate live order book, 5 min ago	0.57 bp	9.3 bp −$9	24.3 bp −$243	32.8 bp −$3,277	53.7 bp −$26.9K
Sell Bullet live order book, 10 min ago	0.35 bp	6.1 bp −$6	20.1 bp −$201	doesn't fit	doesn't fit

SKHYNIX on 22 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	−0.0811%	4h	1,412.8	−0.023%	$3.5M	$401K	10x	as long as short
Aster SKHYNIXUSD1	0.0000%	4h	1,413	−0.006%	$19.0M	$40.7M	20x	as long as short
Bybit SKHYNIXUSDT	0.0000%	8h	1,413.5	+0.032%	$20.5M	$33.3M	100x	as long as short
Gate SKHYNIX_USDTlong	0.0000%	4h	1,413.1	long leg	$143.3M	$63.0M	75x
GRVT SKHYNIX_USDT_Perp	0.0000%	4h	1,413.4	+0.023%	$102K	$195K	10x	as long as short
SunX SKHYNIX-USDT	0.0000%	4h	1,413.6	+0.039%	$858	$642K	10x	as long as short
HTX SKHYNIX-USDT	0.0000%	4h	1,413.9	+0.059%	$1.3M	$2.4M	50x	as long as short
Phemex SKHYNIXUSDT	0.0000%	8h	1,413	−0.004%	$1.2M	$769K	10x	as long as short
SoDEX SKHX-USD	+0.0050%	1h	1,413	−0.005%	$752	$8K	10x	as long as short
Extended SKHYNIX-USD	+0.0064%	1h	1,412.8	−0.018%	$2.4M	$71K	10x	as long as short

Show all 22 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance SKHYNIXUSDT	+0.0066%	4h	1,413	−0.008%	$352.7M	$743.9M	50x	as long as short
Pacifica SKHYNIX	+0.0100%	1h	1,413.2	+0.008%	$127K	$391K	10x	as long as short
KuCoin SKHYNIXUSDTM	+0.0100%	4h	1,412.6	−0.033%	$5.2M	$8.1M	20x	as long as short
ApeX Omni SKHYNIXUSDT	+0.0100%	1h	1,412.7	−0.028%	$147K	$262K	50x	as long as short
Orderly PERP_SKHYNIX_USDC_mythos	+0.0100%	8h	1,413.3	+0.015%	$5K	$798	10x	as long as short
Aevo SKHX-PERP	+0.0104%	1h	1,413.6	+0.034%	$33K	—	10x	as long as short
Bitget SKHYNIXUSDT	+0.0320%	4h	1,413.2	+0.005%	$23.8M	$25.8M	20x	as long as short
OKX SKHYNIX-USDT-SWAP	+0.0325%	8h	1,413.4	+0.023%	$56.1M	$114.5M	50x	as long as short
tradeXYZ xyz:SKHX	+0.0348%	1h	1,411.9	−0.084%	$319.6M	$203.3M	10x	as long as short
Bullet SKHYNIX-USDshort	+0.0388%	1h	1,413.3	+0.016%	$15K	$466K	10x
Polymarket Perps SKHYNIX-USD	+0.0425%	1h	1,413.4	+0.023%	$277K	$1.0M	10x	as long as short
Aftermath Perps SKHYNIXUSD	+0.0794%	1h	1,410.7	−0.168%	$752	$38K	5x	as long as short