Funding arb · Price arb /

SKHYNIX

RWAall SKHYNIX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0160%/8h= −17.6% APRpaid last 24h −0.024%

Price spread now: Phemex against HTX−0.055%7-day average −0.003% · 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−$110as in the Price arb table

costs, in and out, $10k−$1051.045% of the position

Long on HTX Short on Phemex

What this pair did over the last

the charts below follow

Funding, last 7 days−0.126%−$13 on $10k

Price spread, last 3 days (all we have)+0.024%+$2 · spread now −0.055%, 7d avg −0.003%

Together, before fees−0.102%−$10 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 Phemex is 0.052% cheaper against HTX than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of −0.003%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX SKHYNIX-USDT	1,384.4	0.0160	pay 0.0080% / 4h	17m 14s	$1.2M	$2.2M	50x
Short	Phemex SKHYNIXUSDT	1,383.7	0	get 0.0000% / 8h	17m 14s	$1.2M	$769K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phemex 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 PhemexbpOrdersPrice spread, now −0.055%Rate

Funding earned: −$33.69
Price spread: −0.055% → −0.003%: −$5.22
Slippage, 4 orders: −$80.52
Fee HTX: 6 bp × 2 orders: −$12
Fee Phemex: 6 bp × 2 orders: −$12
Net: −$143.43
Costs to cover: 1.045%
Break-even: never at this rate

Slippage from HTX: live order book, 2 min ago; Phemex: live order book, just now.

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, 2 min ago	0.61 bp	6.7 bp −$7	6.8 bp −$68	16.2 bp −$1,619	doesn't fit
Sell Phemex live order book, just now	2.82 bp	48.4 bp −$48	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	1,383.4	−0.074%	$15K	$467K	10x	as long as short
SunX SKHYNIX-USDT	0.0000%	4h	1,384.2	−0.018%	$1K	$893K	10x	as long as short
Phemex SKHYNIXUSDTshort	0.0000%	8h	1,383.7	−0.055%	$1.2M	$769K	10x
SoDEX SKHX-USD	+0.0022%	1h	1,384.6	+0.012%	$737	$8K	10x	as long as short
Polymarket Perps SKHYNIX-USD	+0.0050%	1h	1,384	−0.030%	$277K	$1.6M	10x	as long as short
tradeXYZ xyz:SKHX	+0.0079%	1h	1,384.6	+0.013%	$346.4M	$186.7M	10x	as long as short
Aster SKHYNIXUSD1	+0.0080%	4h	1,382.5	−0.140%	$18.5M	$42.8M	20x	as long as short
edgeX SKHYNIXUSDC	+0.0086%	4h	1,383.5	−0.063%	$3.4M	$432K	10x	as long as short
ApeX Omni SKHYNIXUSDT	+0.0100%	1h	1,383.5	−0.067%	$144K	$263K	50x	as long as short
Orderly PERP_SKHYNIX_USDC_mythos	+0.0100%	8h	1,383.7	−0.056%	$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	+0.012%	$32K	—	10x	as long as short
Bitget SKHYNIXUSDT	+0.0110%	4h	1,384.4	+0.001%	$24.1M	$26.7M	20x	as long as short
Gate SKHYNIX_USDT	+0.0130%	4h	1,384.8	+0.027%	$136.9M	$73.5M	75x	as long as short
HTX SKHYNIX-USDTlong	+0.0160%	4h	1,384.4	long leg	$1.2M	$2.2M	50x
KuCoin SKHYNIXUSDTM	+0.0182%	4h	1,383.6	−0.061%	$5.1M	$8.2M	20x	as long as short
BloFin SKHYNIX-USDT	+0.0285%	4h	1,383.5	−0.064%	$2.5M	$4.1M	50x	as long as short
Extended SKHYNIX-USD	+0.0296%	1h	1,383.3	−0.084%	$2.4M	$225K	10x	as long as short
Binance SKHYNIXUSDT	+0.0296%	4h	1,383.5	−0.066%	$353.1M	$739.2M	50x	as long as short
OKX SKHYNIX-USDT-SWAP	+0.0298%	8h	1,384.6	+0.013%	$52.5M	$112.7M	50x	as long as short
Bybit SKHYNIXUSDT	+0.0307%	8h	1,384.5	+0.006%	$20.4M	$36.4M	100x	as long as short
GRVT SKHYNIX_USDT_Perp	+0.0432%	4h	1,384.3	−0.012%	$105K	$208K	10x	as long as short
Pacifica SKHYNIX	+0.0621%	1h	1,384.3	−0.009%	$148K	$407K	10x	as long as short
Aftermath Perps SKHYNIXUSD	+0.0755%	1h	1,384.3	−0.009%	$674	$39K	5x	as long as short