Funding you earn now, next payment 00:00 UTC−0.0080%/8h= −8.8% APRpaid last 24h −0.009%
Price spread now: Phemex against Gate−0.048%7-day average −0.004% · you buy dearer than you sell
Net, funding: paid 7d − costs−$117as in the Funding arb table
Net, price: spread back to 7d avg − costs−$112as in the Price arb table
costs, in and out, $10k−$1071.073% of the position
Funding, last 7 days−0.094%−$9 on $10k
+Price spread, last 3 days (all we have)−0.015%−$1 · spread now −0.048%, 7d avg −0.004%
=Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Phemex is 0.044% cheaper against Gate than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of −0.004%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Gate SKHYNIX_USDT | 1,379.4 | 0.0080 | pay 0.0040% / 4h | 1h 04m | $135.9M | $76.7M | 75x |
| Short | Phemex SKHYNIXUSDT | 1,378.7 | 0 | get 0.0000% / 8h | 1h 04m | $1.2M | $768K | 10x |
Gate SKHYNIX_USDT
Phemex SKHYNIXUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phemex against Gate. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$16.8
- Price spread: −0.048% → −0.004%
- −$4.43
- Slippage, 4 orders
- −$80.34
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$128.57
- Costs to cover
- 1.073%
- Break-even
- never at this rate
Slippage from Gate: live order book, 5 min ago; Phemex: live order book, 4 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 | 0.58 bp | 10.7 bp −$11 | 16.4 bp −$164 | 27.4 bp −$2,739 | 53.8 bp −$26.9K |
| Sell Phemex live order book, 4 min ago | 1.60 bp | 46.5 bp −$47 | 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 | |
|---|---|---|---|---|---|---|---|---|
| edgeX SKHYNIXUSDC | −0.0461% | 4h | 1,375.8 | −0.260% | $3.4M | $431K | 10x | as long as short |
| Aster SKHYNIXUSD1 | 0.0000% | 4h | 1,376.8 | −0.189% | $18.4M | $42.8M | 20x | as long as short |
| Extended SKHYNIX-USD | 0.0000% | 1h | 1,377.8 | −0.113% | $2.4M | $271K | 10x | as long as short |
| Binance SKHYNIXUSDT | 0.0000% | 4h | 1,378.2 | −0.085% | $352.3M | $740.8M | 50x | as long as short |
| Bitget SKHYNIXUSDT | 0.0000% | 4h | 1,379.2 | −0.016% | $24.1M | $26.6M | 20x | as long as short |
| SunX SKHYNIX-USDT | 0.0000% | 4h | 1,376 | −0.244% | $952 | $915K | 10x | as long as short |
| HTX SKHYNIX-USDT | 0.0000% | 4h | 1,379 | −0.029% | $1.2M | $2.2M | 50x | as long as short |
| Phemex SKHYNIXUSDTshort | 0.0000% | 8h | 1,378.7 | −0.048% | $1.2M | $768K | 10x | |
| BloFin SKHYNIX-USDT | +0.0047% | 4h | 1,377.3 | −0.149% | $2.5M | $4.1M | 50x | as long as short |
| SoDEX SKHX-USD | +0.0050% | 1h | 1,377.4 | −0.143% | $733 | $8K | 10x | as long as short |
edgeX SKHYNIXUSDC
Aster SKHYNIXUSD1
Extended SKHYNIX-USD
Binance SKHYNIXUSDT
Bitget SKHYNIXUSDT
SunX SKHYNIX-USDT
HTX SKHYNIX-USDT
BloFin SKHYNIX-USDT
SoDEX SKHX-USDShow all 23 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Gate SKHYNIX_USDTlong | +0.0080% | 4h | 1,379.4 | long leg | $135.9M | $76.7M | 75x | |
| Pacifica SKHYNIX | +0.0100% | 1h | 1,378.2 | −0.087% | $141K | $397K | 10x | as long as short |
| KuCoin SKHYNIXUSDTM | +0.0100% | 4h | 1,378.5 | −0.067% | $5.1M | $8.2M | 20x | as long as short |
| Orderly PERP_SKHYNIX_USDC_mythos | +0.0100% | 8h | 1,377.1 | −0.165% | $5K | $1K | 10x | as long as short |
| Aevo SKHX-PERP | +0.0104% | 1h | 1,378.3 | −0.080% | $32K | — | 10x | as long as short |
| GRVT SKHYNIX_USDT_Perp | +0.0212% | 4h | 1,377.8 | −0.113% | $104K | $219K | 10x | as long as short |
| ApeX Omni SKHYNIXUSDT | +0.0240% | 1h | 1,376.6 | −0.203% | $143K | $264K | 50x | as long as short |
| Bybit SKHYNIXUSDT | +0.0273% | 8h | 1,378.8 | −0.046% | $20.3M | $36.5M | 100x | as long as short |
| OKX SKHYNIX-USDT-SWAP | +0.0298% | 8h | 1,379.5 | +0.007% | $52.0M | $112.7M | 50x | as long as short |
| Bullet SKHYNIX-USD | +0.0372% | 1h | 1,378.6 | −0.058% | $14K | $464K | 10x | as long as short |
| Polymarket Perps SKHYNIX-USD | +0.0473% | 1h | 1,378.2 | −0.087% | $282K | $1.7M | 10x | as long as short |
| Aftermath Perps SKHYNIXUSD | +0.0590% | 1h | 1,377.5 | −0.138% | $670 | $39K | 5x | as long as short |
| tradeXYZ xyz:SKHX | +0.0886% | 1h | 1,378.2 | −0.087% | $348.0M | $187.2M | 10x | as long as short |
Pacifica SKHYNIX
KuCoin SKHYNIXUSDTM
Orderly PERP_SKHYNIX_USDC_mythos
Aevo SKHX-PERP
GRVT SKHYNIX_USDT_Perp
ApeX Omni SKHYNIXUSDT
Bybit SKHYNIXUSDT
OKX SKHYNIX-USDT-SWAP
Bullet SKHYNIX-USD
Polymarket Perps SKHYNIX-USD
Aftermath Perps SKHYNIXUSD
tradeXYZ xyz:SKHX