Funding arb · Price arb /

SKHYNIX

RWAall SKHYNIX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0292%/8h= −31.9% APRpaid last 24h −0.061%

Price spread now: Bullet against OKX−0.035%7-day average −0.013% · you buy dearer than you sell

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

Net, price: spread back to 7d avg − costs−$29as in the Price arb table

costs, in and out, $10k−$270.268% of the position

Long on OKX Short on Bullet

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.013%−$1 on $10k

Price spread, last 3 days (all we have)+0.188%+$19 · spread now −0.035%, 7d avg −0.013%

Together, before fees+0.175%+$17 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$9 a day on $10k at the current rate, and Bullet is 0.022% cheaper against OKX than usual: you would sell low and buy high (−$2 if the spread goes back to its 7-day average of −0.013%). Swap the legs.

The current funding rate is far above what this pair has been paying: over the last 3 days it paid -0.013% in total (about -1.5% 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	1,384	0.0292	pay 0.0292% / 8h	14m 54s	$52.5M	$112.7M	50x
Short	Bullet SKHYNIX-USD	1,383.5	0	get 0.0000% / 1h	14m 54s	$15K	$467K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bullet 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 BulletbpOrdersPrice spread, now −0.035%Rate

Funding earned: −$61.24
Price spread: −0.035% → −0.013%: −$2.22
Slippage, 4 orders: −$8.83
Fee OKX: 5 bp × 2 orders: −$10
Fee Bullet: 4 bp × 2 orders: −$8
Net: −$90.3
Costs to cover: 0.268%
Break-even: never at this rate

Slippage from OKX: live order book, 4 min ago; Bullet: live order book, 64 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, 4 min ago	0.36 bp	5.4 bp −$5	8.0 bp −$80	17.8 bp −$1,777	doesn't fit
Sell Bullet live order book, 64 min ago	1.45 bp	7.3 bp −$7	21.3 bp −$213	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	−0.0212%	4h	1,383.4	−0.042%	$3.4M	$432K	10x	as long as short
Bullet SKHYNIX-USDshort	0.0000%	1h	1,383.5	−0.035%	$15K	$467K	10x
SunX SKHYNIX-USDT	0.0000%	4h	1,383.7	−0.022%	$1K	$892K	10x	as long as short
Phemex SKHYNIXUSDT	0.0000%	8h	1,383.3	−0.051%	$1.2M	$769K	10x	as long as short
SoDEX SKHX-USD	+0.0027%	1h	1,384	−0.004%	$736	$8K	10x	as long as short
Polymarket Perps SKHYNIX-USD	+0.0050%	1h	1,384.4	+0.029%	$277K	$1.6M	10x	as long as short
tradeXYZ xyz:SKHX	+0.0057%	1h	1,385.1	+0.079%	$346.5M	$186.9M	10x	as long as short
Aster SKHYNIXUSD1	+0.0088%	4h	1,382.7	−0.092%	$18.4M	$42.8M	20x	as long as short
ApeX Omni SKHYNIXUSDT	+0.0100%	1h	1,384.1	+0.007%	$144K	$263K	50x	as long as short
Orderly PERP_SKHYNIX_USDC_mythos	+0.0100%	8h	1,383.1	−0.064%	$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	1,385.1	+0.076%	$32K	—	10x	as long as short
Bitget SKHYNIXUSDT	+0.0120%	4h	1,383.8	−0.012%	$24.1M	$26.7M	20x	as long as short
Gate SKHYNIX_USDT	+0.0128%	4h	1,384.4	+0.032%	$136.9M	$73.5M	75x	as long as short
HTX SKHYNIX-USDT	+0.0163%	4h	1,383.8	−0.017%	$1.2M	$2.2M	50x	as long as short
KuCoin SKHYNIXUSDTM	+0.0190%	4h	1,383.1	−0.062%	$5.1M	$8.2M	20x	as long as short
BloFin SKHYNIX-USDT	+0.0254%	4h	1,383.2	−0.059%	$2.5M	$4.1M	50x	as long as short
OKX SKHYNIX-USDT-SWAPlong	+0.0292%	8h	1,384	long leg	$52.5M	$112.7M	50x
Bybit SKHYNIXUSDT	+0.0305%	8h	1,384.1	+0.004%	$20.4M	$36.4M	100x	as long as short
Binance SKHYNIXUSDT	+0.0311%	4h	1,383	−0.076%	$352.9M	$739.0M	50x	as long as short
Extended SKHYNIX-USD	+0.0312%	1h	1,382.7	−0.096%	$2.4M	$225K	10x	as long as short
GRVT SKHYNIX_USDT_Perp	+0.0442%	4h	1,384	−0.003%	$105K	$208K	10x	as long as short
Pacifica SKHYNIX	+0.0621%	1h	1,383.4	−0.043%	$148K	$407K	10x	as long as short
Aftermath Perps SKHYNIXUSD	+0.0761%	1h	1,383.9	−0.010%	$674	$39K	5x	as long as short