Funding arb · Price arb /

SKHYNIX

RWAall SKHYNIX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0432%/8h= −47.3% APRpaid last 24h −0.026%

Price spread now: Bullet against GRVT−0.062%7-day average −0.020% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$32as in the Price arb table

costs, in and out, $10k−$280.277% of the position

Long on GRVT Short on Bullet

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.041%−$4 on $10k

Price spread, last 3 days (all we have)+0.090%+$9 · spread now −0.062%, 7d avg −0.020%

Together, before fees+0.049%+ Points / potential airdropGRVT: Active · farm board+$5 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$13 a day on $10k at the current rate, and Bullet is 0.042% cheaper against GRVT than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of −0.020%). Swap the legs.

The current funding rate is far above what this pair has been paying: over the last 3 days it paid -0.041% in total (about -4.7% 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	GRVT SKHYNIX_USDT_Perp	1,384.3	0.0432	pay 0.0216% / 4h	17m 04s	$105K	$208K	10x
Short	Bullet SKHYNIX-USD	1,383.4	0	get 0.0000% / 1h	17m 04s	$15K	$467K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bullet against GRVT. 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 GRVTbpFee BulletbpOrdersPrice spread, now −0.062%Rate

Funding earned: −$90.72
Price spread: −0.062% → −0.020%: −$4.19
Slippage, 4 orders: −$10.66
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee Bullet: 4 bp × 2 orders: −$8
Net: −$122.57
Costs to cover: 0.277%
Break-even: never at this rate

Slippage from GRVT: live order book, 60 min ago; Bullet: live order book, 62 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 GRVT live order book, 60 min ago	1.16 bp	6.2 bp −$6	8.1 bp −$81	doesn't fit	doesn't fit
Sell Bullet live order book, 62 min ago	1.45 bp	7.3 bp −$7	21.3 bp −$213	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-USDshort	0.0000%	1h	1,383.4	−0.062%	$15K	$467K	10x
SunX SKHYNIX-USDT	0.0000%	4h	1,384.2	−0.007%	$1K	$893K	10x	as long as short
Phemex SKHYNIXUSDT	0.0000%	8h	1,383.7	−0.043%	$1.2M	$769K	10x	as long as short
SoDEX SKHX-USD	+0.0022%	1h	1,384.6	+0.023%	$737	$8K	10x	as long as short
Polymarket Perps SKHYNIX-USD	+0.0050%	1h	1,384	−0.019%	$277K	$1.6M	10x	as long as short
tradeXYZ xyz:SKHX	+0.0079%	1h	1,384.6	+0.025%	$346.4M	$186.7M	10x	as long as short
Aster SKHYNIXUSD1	+0.0080%	4h	1,382.4	−0.136%	$18.5M	$42.8M	20x	as long as short
edgeX SKHYNIXUSDC	+0.0086%	4h	1,383.5	−0.051%	$3.4M	$432K	10x	as long as short
ApeX Omni SKHYNIXUSDT	+0.0100%	1h	1,383.5	−0.056%	$144K	$263K	50x	as long as short
Orderly PERP_SKHYNIX_USDC_mythos	+0.0100%	8h	1,383.7	−0.044%	$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	1,384.6	+0.024%	$32K	—	10x	as long as short
Bitget SKHYNIXUSDT	+0.0110%	4h	1,384.5	+0.019%	$24.1M	$26.7M	20x	as long as short
Gate SKHYNIX_USDT	+0.0130%	4h	1,384.8	+0.039%	$136.9M	$73.5M	75x	as long as short
HTX SKHYNIX-USDT	+0.0160%	4h	1,384.4	+0.012%	$1.2M	$2.2M	50x	as long as short
KuCoin SKHYNIXUSDTM	+0.0182%	4h	1,383.6	−0.049%	$5.1M	$8.2M	20x	as long as short
BloFin SKHYNIX-USDT	+0.0285%	4h	1,383.5	−0.052%	$2.5M	$4.1M	50x	as long as short
Extended SKHYNIX-USD	+0.0296%	1h	1,383.4	−0.062%	$2.4M	$225K	10x	as long as short
Binance SKHYNIXUSDT	+0.0296%	4h	1,383.7	−0.043%	$353.1M	$739.2M	50x	as long as short
OKX SKHYNIX-USDT-SWAP	+0.0298%	8h	1,384.6	+0.025%	$52.5M	$112.7M	50x	as long as short
Bybit SKHYNIXUSDT	+0.0307%	8h	1,384.8	+0.038%	$20.4M	$36.4M	100x	as long as short
GRVT SKHYNIX_USDT_Perplong	+0.0432%	4h	1,384.3	long leg	$105K	$208K	10x
Pacifica SKHYNIX	+0.0621%	1h	1,384.3	+0.003%	$148K	$407K	10x	as long as short
Aftermath Perps SKHYNIXUSD	+0.0755%	1h	1,384.3	+0.003%	$674	$39K	5x	as long as short