Funding arb · Price arb /

SKHYNIX

RWAall SKHYNIX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0236%/8h= −25.8% APRpaid last 24h −0.050%

Price spread now: ApeX Omni against OKX−0.001%50s7-day average +0.014% · you buy dearer than you sell

Net, funding: paid 7d − costs−$35as 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−$390.392% of the position

Long on OKX Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days+0.041%+$4 on $10k

Price spread, last 4 days (all we have)+0.190%+$19 · spread now −0.001%, 7d avg +0.014%

Together, before fees+0.231%+$23 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.014%, so right now this pair is about funding alone: −$7 a day on $10k at the current rate. The two prices were read 50 seconds apart, so part of this spread may be the market moving, not a spread.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.041% in total (about 2.1% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX SKHYNIX-USDT-SWAP	1,412.5	0.0336	pay 0.0336% / 8h	5h 02m	$56.1M	$114.7M	50x
Short	ApeX Omni SKHYNIXUSDT	1,412.5	0.0100	get 0.0013% / 1h	2m 40s	$147K	$261K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against OKX. 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 OKXbpFee ApeX OmnibpOrdersPrice spread, now −0.001%Rate

Funding earned: −$49.49
Price spread: −0.001% → +0.014%: −$1.56
Slippage, 4 orders: −$19.25
Fee OKX: 5 bp × 2 orders: −$10
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$90.29
Costs to cover: 0.392%
Break-even: never at this rate

Slippage from OKX: live order book, 1 min ago; ApeX Omni: live order book, 59 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 OKX live order book, 1 min ago	0.35 bp	5.7 bp −$6	7.4 bp −$74	17.8 bp −$1,777	doesn't fit
Sell ApeX Omni live order book, 59 min ago	8.15 bp	13.6 bp −$14	40.1 bp −$401	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	−0.0489%	4h	1,411.4	−0.076%	$3.5M	$394K	10x	as long as short
Aster SKHYNIXUSD1	0.0000%	4h	1,411.8	−0.050%	$18.9M	$39.8M	20x	as long as short
Extended SKHYNIX-USD	0.0000%	1h	1,411	−0.105%	$2.4M	$71K	10x	as long as short
Binance SKHYNIXUSDT	0.0000%	4h	1,411.7	−0.057%	$350.8M	$752.0M	50x	as long as short
Bybit SKHYNIXUSDT	0.0000%	8h	1,412.4	−0.008%	$20.5M	$32.7M	100x	as long as short
Gate SKHYNIX_USDT	0.0000%	4h	1,412.6	+0.004%	$144.0M	$65.1M	75x	as long as short
GRVT SKHYNIX_USDT_Perp	0.0000%	4h	1,411.9	−0.045%	$102K	$196K	10x	as long as short
SunX SKHYNIX-USDT	0.0000%	4h	1,410.6	−0.135%	$889	$631K	10x	as long as short
HTX SKHYNIX-USDT	0.0000%	4h	1,411.8	−0.051%	$1.3M	$2.4M	50x	as long as short
Phemex SKHYNIXUSDT	0.0000%	8h	1,412.2	−0.023%	$1.2M	$768K	10x	as long as short

Show all 23 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BloFin SKHYNIX-USDT	+0.0040%	4h	1,411.2	−0.093%	$2.7M	$4.1M	50x	as long as short
SoDEX SKHX-USD	+0.0050%	1h	1,411.3	−0.087%	$751	$8K	10x	as long as short
Pacifica SKHYNIX	+0.0100%	1h	1,411.7	−0.057%	$127K	$385K	10x	as long as short
KuCoin SKHYNIXUSDTM	+0.0100%	4h	1,411.4	−0.075%	$5.2M	$8.0M	20x	as long as short
ApeX Omni SKHYNIXUSDTshort	+0.0100%	1h	1,412.5	−0.001%	$147K	$261K	50x
Orderly PERP_SKHYNIX_USDC_mythos	+0.0100%	8h	1,411	−0.107%	$5K	$798	10x	as long as short
Aevo SKHX-PERP	+0.0104%	1h	1,411.6	−0.065%	$33K	—	10x	as long as short
tradeXYZ xyz:SKHX	+0.0110%	1h	1,411.3	−0.085%	$318.3M	$205.4M	10x	as long as short
Bullet SKHYNIX-USD	+0.0146%	1h	1,411.2	−0.092%	$15K	$469K	10x	as long as short
Polymarket Perps SKHYNIX-USD	+0.0166%	1h	1,411.3	−0.085%	$276K	$1.0M	10x	as long as short
Bitget SKHYNIXUSDT	+0.0304%	4h	1,412.5	−0.001%	$23.5M	$26.0M	20x	as long as short
OKX SKHYNIX-USDT-SWAPlong	+0.0336%	8h	1,412.5	long leg	$56.1M	$114.7M	50x
Aftermath Perps SKHYNIXUSD	+0.0421%	1h	1,410.4	−0.151%	$672	$38K	5x	as long as short