Funding arb · Price arb /

SKHYNIX

RWAall SKHYNIX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0156%/8h= −17.1% APRpaid last 24h +0.003%

Price spread now: Bullet against HTX−0.059%7-day average −0.024% · 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−$35as in the Price arb table

costs, in and out, $10k−$320.316% of the position

Long on HTX Short on Bullet

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.009%+$1 on $10k

Price spread, last 3 days (all we have)+0.054%+$5 · spread now −0.059%, 7d avg −0.024%

Together, before fees+0.063%+$6 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$5 a day on $10k at the current rate, and Bullet is 0.035% cheaper against HTX than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of −0.024%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX SKHYNIX-USDT	1,384.4	0.0156	pay 0.0078% / 4h	18m 10s	$1.2M	$2.2M	50x
Short	Bullet SKHYNIX-USD	1,383.6	0	get 0.0000% / 1h	18m 10s	$15K	$467K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bullet against HTX. 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 HTXbpFee BulletbpOrdersPrice spread, now −0.059%Rate

Funding earned: −$32.76
Price spread: −0.059% → −0.024%: −$3.54
Slippage, 4 orders: −$11.58
Fee HTX: 6 bp × 2 orders: −$12
Fee Bullet: 4 bp × 2 orders: −$8
Net: −$67.89
Costs to cover: 0.316%
Break-even: never at this rate

Slippage from HTX: live order book, 1 min ago; Bullet: live order book, 61 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 HTX live order book, 1 min ago	0.61 bp	6.7 bp −$7	6.8 bp −$68	16.2 bp −$1,619	doesn't fit
Sell Bullet live order book, 61 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
edgeX SKHYNIXUSDC	−0.0359%	4h	1,380.7	−0.269%	$3.4M	$431K	10x	as long as short
Bullet SKHYNIX-USDshort	0.0000%	1h	1,383.6	−0.059%	$15K	$467K	10x
SunX SKHYNIX-USDT	0.0000%	4h	1,384.2	−0.018%	$1K	$893K	10x	as long as short
Phemex SKHYNIXUSDT	0.0000%	8h	1,384.2	−0.016%	$1.2M	$770K	10x	as long as short
SoDEX SKHX-USD	+0.0010%	1h	1,384.3	−0.009%	$736	$8K	10x	as long as short
Polymarket Perps SKHYNIX-USD	+0.0050%	1h	1,384.3	−0.009%	$277K	$1.6M	10x	as long as short
Aster SKHYNIXUSD1	+0.0068%	4h	1,382.2	−0.161%	$18.5M	$42.8M	20x	as long as short
tradeXYZ xyz:SKHX	+0.0086%	1h	1,384.2	−0.016%	$346.3M	$186.7M	10x	as long as short
Orderly PERP_SKHYNIX_USDC_mythos	+0.0100%	8h	1,383.4	−0.075%	$5K	$1K	10x	as long as short
Bitget SKHYNIXUSDT	+0.0102%	4h	1,384.6	+0.016%	$24.1M	$26.8M	20x	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	1,384.3	−0.008%	$32K	—	10x	as long as short
ApeX Omni SKHYNIXUSDT	+0.0116%	1h	1,381.8	−0.188%	$144K	$263K	50x	as long as short
Gate SKHYNIX_USDT	+0.0132%	4h	1,385.1	+0.048%	$137.0M	$73.5M	75x	as long as short
HTX SKHYNIX-USDTlong	+0.0156%	4h	1,384.4	long leg	$1.2M	$2.2M	50x
KuCoin SKHYNIXUSDTM	+0.0176%	4h	1,383.6	−0.056%	$5.1M	$8.2M	20x	as long as short
BloFin SKHYNIX-USDT	+0.0233%	4h	1,383.8	−0.046%	$2.5M	$4.1M	50x	as long as short
Binance SKHYNIXUSDT	+0.0286%	4h	1,383.7	−0.051%	$353.1M	$739.2M	50x	as long as short
Extended SKHYNIX-USD	+0.0288%	1h	1,383.5	−0.068%	$2.4M	$225K	10x	as long as short
OKX SKHYNIX-USDT-SWAP	+0.0300%	8h	1,384.6	+0.013%	$52.5M	$112.9M	50x	as long as short
Bybit SKHYNIXUSDT	+0.0307%	8h	1,384.6	+0.014%	$20.4M	$36.4M	100x	as long as short
GRVT SKHYNIX_USDT_Perp	+0.0418%	4h	1,381.4	−0.216%	$104K	$208K	10x	as long as short
Pacifica SKHYNIX	+0.0621%	1h	1,384.6	+0.016%	$149K	$407K	10x	as long as short
Aftermath Perps SKHYNIXUSD	+0.0750%	1h	1,384.7	+0.021%	$674	$39K	5x	as long as short