Funding arb · Price arb /

SKHYNIX

RWAall SKHYNIX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0089%/8h= −9.7% APRpaid last 24h −0.050%

Price spread now: Bullet against KuCoin+0.004%7-day average +0.025% · you sell dearer than you buy

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

Net, price: spread back to 7d avg − costs−$49as in the Price arb table

costs, in and out, $10k−$470.467% of the position

Long on KuCoin Short on Bullet

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.067%−$7 on $10k

Price spread, last 4 days (all we have)+0.656%+$66 · spread now +0.004%, 7d avg +0.025%

Together, before fees+0.589%+$59 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Bullet is 0.021% cheaper against KuCoin than usual: you would sell low and buy high (−$2 if the spread goes back to its 7-day average of +0.025%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin SKHYNIXUSDTM	1,409.1	0.0100	pay 0.0050% / 4h	2h 36m	$5.2M	$8.1M	20x
Short	Bullet SKHYNIX-USD	1,409.1	0.0011	get 0.0001% / 1h	36m 04s	$15K	$467K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bullet 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 BulletbpOrdersPrice spread, now +0.004%Rate

Funding earned: −$18.6
Price spread: +0.004% → +0.025%: −$2.05
Slippage, 4 orders: −$26.65
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Bullet: 4 bp × 2 orders: −$8
Net: −$67.31
Costs to cover: 0.467%
Break-even: never at this rate

Slippage from KuCoin: live order book, 7 min ago; Bullet: 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, 7 min ago	0.89 bp	16.6 bp −$17	48.2 bp −$482	doesn't fit	doesn't fit
Sell Bullet live order book, 33 min ago	0.35 bp	6.2 bp −$6	20.8 bp −$208	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	−0.0208%	4h	1,408	−0.078%	$3.5M	$398K	10x	as long as short
Bybit SKHYNIXUSDT	0.0000%	8h	1,410	+0.062%	$20.6M	$33.0M	100x	as long as short
Gate SKHYNIX_USDT	0.0000%	4h	1,410.1	+0.070%	$142.6M	$63.0M	75x	as long as short
GRVT SKHYNIX_USDT_Perp	0.0000%	4h	1,408.8	−0.021%	$101K	$197K	10x	as long as short
SunX SKHYNIX-USDT	0.0000%	4h	1,407.6	−0.105%	$954	$687K	10x	as long as short
HTX SKHYNIX-USDT	0.0000%	4h	1,409.5	+0.033%	$1.3M	$2.2M	50x	as long as short
Phemex SKHYNIXUSDT	0.0000%	8h	1,409.3	+0.017%	$1.2M	$769K	10x	as long as short
Aster SKHYNIXUSD1	+0.0001%	4h	1,409.6	+0.036%	$18.9M	$41.4M	20x	as long as short
Bullet SKHYNIX-USDshort	+0.0011%	1h	1,409.1	+0.004%	$15K	$467K	10x
SoDEX SKHX-USD	+0.0050%	1h	1,409.1	+0.001%	$750	$8K	10x	as long as short

Show all 23 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica SKHYNIX	+0.0100%	1h	1,408	−0.073%	$129K	$390K	10x	as long as short
KuCoin SKHYNIXUSDTMlong	+0.0100%	4h	1,409.1	long leg	$5.2M	$8.1M	20x
ApeX Omni SKHYNIXUSDT	+0.0100%	1h	1,409	−0.007%	$147K	$261K	50x	as long as short
Orderly PERP_SKHYNIX_USDC_mythos	+0.0100%	8h	1,409.3	+0.019%	$5K	$798	10x	as long as short
Aevo SKHX-PERP	+0.0104%	1h	1,409.8	+0.055%	$33K	—	10x	as long as short
Extended SKHYNIX-USD	+0.0112%	1h	1,408.6	−0.035%	$2.4M	$78K	10x	as long as short
Binance SKHYNIXUSDT	+0.0112%	4h	1,409.1	+0.001%	$352.8M	$743.8M	50x	as long as short
Polymarket Perps SKHYNIX-USD	+0.0119%	1h	1,409.7	+0.045%	$293K	$947K	10x	as long as short
tradeXYZ xyz:SKHX	+0.0131%	1h	1,408.8	−0.019%	$321.8M	$200.3M	10x	as long as short
BloFin SKHYNIX-USDT	+0.0228%	4h	1,411.8	+0.191%	$2.6M	$4.2M	50x	as long as short
Bitget SKHYNIXUSDT	+0.0238%	4h	1,409.7	+0.045%	$23.9M	$25.3M	20x	as long as short
OKX SKHYNIX-USDT-SWAP	+0.0271%	8h	1,409.9	+0.059%	$54.2M	$111.5M	50x	as long as short
Aftermath Perps SKHYNIXUSD	+0.1382%	1h	1,408.3	−0.053%	$701	$38K	5x	as long as short