Funding arb · Price arb /

SKHYNIX

RWAall SKHYNIX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h −0.066%

Price spread now: Phemex against KuCoin+0.109%50s7-day average +0.036% · you sell dearer than you buy

Net, funding: paid 7d − costs−$173as 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−$1441.442% of the position

Long on KuCoin Short on Phemex

What this pair did over the last

the charts below follow

Funding, last 7 days−0.287%−$29 on $10k

Price spread, last 3 days (all we have)−0.112%−$11 · spread now +0.109%, 7d avg +0.036%

Together, before fees−0.399%−$40 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Phemex is 0.073% dearer against KuCoin than usual: you sell high and buy low (spread +0.109% now, against its 7-day average of +0.036%): +$7 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 2.4 days. The two prices were read 50 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	1,409	0.0100	pay 0.0050% / 4h	1h 48m	$5.2M	$8.1M	20x
Short	Phemex SKHYNIXUSDT	1,410.6	0	get 0.0000% / 8h	5h 48m	$1.2M	$768K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phemex 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 PhemexbpOrdersPrice spread, now +0.109%Rate

Funding earned: −$21
Price spread: +0.109% → +0.036%: $7.29
Slippage, 4 orders: −$120.19
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Phemex: 6 bp × 2 orders: −$12
Net: −$157.9
Costs to cover: 1.442%
Break-even: never at this rate

Slippage from KuCoin: live order book, 5 min ago; Phemex: live order book, 4 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, 5 min ago	0.43 bp	20.2 bp −$20	47.7 bp −$477	doesn't fit	doesn't fit
Sell Phemex live order book, 4 min ago	1.98 bp	50.4 bp −$50	doesn't fit	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	−0.0335%	4h	1,411.7	+0.192%	$3.5M	$402K	10x	as long as short
Aster SKHYNIXUSD1	0.0000%	4h	1,409.2	+0.011%	$18.9M	$40.7M	20x	as long as short
Bybit SKHYNIXUSDT	0.0000%	8h	1,409.8	+0.055%	$20.5M	$33.3M	100x	as long as short
Gate SKHYNIX_USDT	0.0000%	4h	1,410.1	+0.076%	$144.3M	$63.5M	75x	as long as short
GRVT SKHYNIX_USDT_Perp	0.0000%	4h	1,413.2	+0.294%	$102K	$195K	10x	as long as short
SunX SKHYNIX-USDT	0.0000%	4h	1,409.5	+0.032%	$1K	$642K	10x	as long as short
HTX SKHYNIX-USDT	0.0000%	4h	1,412.6	+0.255%	$1.3M	$2.4M	50x	as long as short
Phemex SKHYNIXUSDTshort	0.0000%	8h	1,410.6	+0.109%	$1.2M	$768K	10x
SoDEX SKHX-USD	+0.0050%	1h	1,409.2	+0.009%	$750	$8K	10x	as long as short
Extended SKHYNIX-USD	+0.0064%	1h	1,408.7	−0.027%	$2.4M	$71K	10x	as long as short

Show all 22 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance SKHYNIXUSDT	+0.0067%	4h	1,408.9	−0.010%	$351.7M	$743.5M	50x	as long as short
Pacifica SKHYNIX	+0.0100%	1h	1,408.8	−0.015%	$126K	$389K	10x	as long as short
KuCoin SKHYNIXUSDTMlong	+0.0100%	4h	1,409	long leg	$5.2M	$8.1M	20x
ApeX Omni SKHYNIXUSDT	+0.0100%	1h	1,412.4	+0.235%	$147K	$261K	50x	as long as short
Orderly PERP_SKHYNIX_USDC_mythos	+0.0100%	8h	1,409.1	+0.006%	$5K	$798	10x	as long as short
Aevo SKHX-PERP	+0.0104%	1h	1,409.6	+0.042%	$33K	—	10x	as long as short
tradeXYZ xyz:SKHX	+0.0300%	1h	1,408.5	−0.038%	$318.9M	$203.6M	10x	as long as short
Bullet SKHYNIX-USD	+0.0324%	1h	1,409.3	+0.018%	$15K	$466K	10x	as long as short
OKX SKHYNIX-USDT-SWAP	+0.0333%	8h	1,410.1	+0.075%	$55.9M	$114.1M	50x	as long as short
Bitget SKHYNIXUSDT	+0.0338%	4h	1,409.7	+0.048%	$23.8M	$25.7M	20x	as long as short
Polymarket Perps SKHYNIX-USD	+0.0351%	1h	1,409.4	+0.026%	$276K	$1.0M	10x	as long as short
Aftermath Perps SKHYNIXUSD	+0.0750%	1h	1,409.8	+0.053%	$702	$38K	5x	as long as short