Funding arb · Price arb /

SKHYNIX

RWAall SKHYNIX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.029%

Price spread now: ApeX Omni against KuCoin−0.117%97s7-day average +0.050% · you buy dearer than you sell

Net, funding: paid 7d − costs−$45as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$590.586% of the position

Long on KuCoin Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days+0.132%+$13 on $10k

Price spread, last 4 days (all we have)+0.497%+$50 · spread now −0.117%, 7d avg +0.050%

Together, before fees+0.629%+$63 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: ApeX Omni is 0.167% cheaper against KuCoin than usual: you would sell low and buy high, −$17 on $10k if it goes back to its 7-day average of +0.050%. The two prices were read 97 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin SKHYNIXUSDTM	1,410.5	0.0100	pay 0.0050% / 4h	2h 33m	$5.2M	$8.1M	20x
Short	ApeX Omni SKHYNIXUSDT	1,408.8	0.0100	get 0.0013% / 1h	33m 58s	$147K	$261K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against KuCoin. 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 KuCoinbpFee ApeX OmnibpOrdersPrice spread, now −0.117%Rate

Funding earned: $0
Price spread: −0.117% → +0.050%: −$16.71
Slippage, 4 orders: −$36.65
Fee KuCoin: 6 bp × 2 orders: −$12
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$75.36
Costs to cover: 0.586%
Break-even: never at this rate

Slippage from KuCoin: live order book, 9 min ago; ApeX Omni: live order book, 33 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 KuCoin live order book, 9 min ago	0.89 bp	16.6 bp −$17	48.2 bp −$482	doesn't fit	doesn't fit
Sell ApeX Omni live order book, 33 min ago	6.97 bp	12.4 bp −$12	35.1 bp −$351	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	−0.0208%	4h	1,408	−0.179%	$3.5M	$398K	10x	as long as short
Aster SKHYNIXUSD1	0.0000%	4h	1,410.8	+0.021%	$18.9M	$41.3M	20x	as long as short
Bybit SKHYNIXUSDT	0.0000%	8h	1,411.8	+0.095%	$20.6M	$33.1M	100x	as long as short
Gate SKHYNIX_USDT	0.0000%	4h	1,412.2	+0.118%	$142.7M	$63.1M	75x	as long as short
GRVT SKHYNIX_USDT_Perp	0.0000%	4h	1,408.8	−0.122%	$101K	$197K	10x	as long as short
SunX SKHYNIX-USDT	0.0000%	4h	1,409.7	−0.053%	$981	$680K	10x	as long as short
HTX SKHYNIX-USDT	0.0000%	4h	1,411.4	+0.067%	$1.3M	$2.2M	50x	as long as short
Phemex SKHYNIXUSDT	0.0000%	8h	1,411.1	+0.045%	$1.2M	$769K	10x	as long as short
Bullet SKHYNIX-USD	+0.0017%	1h	1,410.6	+0.008%	$15K	$467K	10x	as long as short
SoDEX SKHX-USD	+0.0050%	1h	1,410.6	+0.006%	$750	$8K	10x	as long as short

Show all 22 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica SKHYNIX	+0.0100%	1h	1,410.6	+0.008%	$129K	$390K	10x	as long as short
KuCoin SKHYNIXUSDTMlong	+0.0100%	4h	1,410.5	long leg	$5.2M	$8.1M	20x
ApeX Omni SKHYNIXUSDTshort	+0.0100%	1h	1,408.8	−0.117%	$147K	$261K	50x
Orderly PERP_SKHYNIX_USDC_mythos	+0.0100%	8h	1,410.7	+0.013%	$5K	$798	10x	as long as short
Binance SKHYNIXUSDT	+0.0104%	4h	1,410.7	+0.014%	$353.2M	$741.6M	50x	as long as short
Extended SKHYNIX-USD	+0.0104%	1h	1,410.3	−0.012%	$2.4M	$78K	10x	as long as short
Aevo SKHX-PERP	+0.0104%	1h	1,411.3	+0.060%	$33K	—	10x	as long as short
Polymarket Perps SKHYNIX-USD	+0.0125%	1h	1,411.4	+0.065%	$294K	$947K	10x	as long as short
tradeXYZ xyz:SKHX	+0.0133%	1h	1,410.8	+0.022%	$322.2M	$200.3M	10x	as long as short
Bitget SKHYNIXUSDT	+0.0238%	4h	1,411.1	+0.046%	$23.9M	$25.3M	20x	as long as short
OKX SKHYNIX-USDT-SWAP	+0.0273%	8h	1,411.1	+0.043%	$54.3M	$111.6M	50x	as long as short
Aftermath Perps SKHYNIXUSD	+0.1333%	1h	1,408.9	−0.115%	$702	$38K	5x	as long as short