Funding you earn now, next payment 08:00 UTC−0.0261%/8h= −28.6% APRnext payment −$2.61 per $10,000 · paid last 24h −0.084%
Price spread now: Phemex against OKX+0.029%7-day average +0.001% · you sell dearer than you buy
Net, funding: paid 7d − costs−$150as in the Funding arb table
Net, price: spread back to 7d avg − costs−$111as in the Price arb table
costs, in and out, $10k−$1141.139% of the position
Funding, last 7 days−0.363%−$36 on $10k
+Price spread, last 4 days (all we have)−0.010%−$1 · spread now +0.029%, 7d avg +0.001%
=The price spread pays, funding is against you. Phemex is 0.028% dearer against OKX than usual: you sell high and buy low (spread +0.029% now, against its 7-day average of +0.001%): +$3 on $10k if it goes back. Holding the pair costs −$8 a day in funding at the current rate, which eats that in about 9 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | OKX SKHYNIX-USDT-SWAP | 1,347.3 | 0.0261 | pay 0.0261% / 8h | 55m 56s | $52.0M | $131.8M | 50x |
| Short | Phemex SKHYNIXUSDT | 1,347.7 | 0 | get 0.0000% / 8h | 55m 56s | $1.2M | $777K | 10x |
OKX SKHYNIX-USDT-SWAP
Phemex SKHYNIXUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phemex against OKX. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$54.83
- Price spread: +0.029% → +0.001%
- $2.84
- Slippage, 4 orders
- −$91.91
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$165.9
- Costs to cover
- 1.139%
- Break-even
- never at this rate
Slippage from OKX: live order book, 3 min ago; Phemex: live order book, 2 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, 3 min ago | 0.37 bp | 6.3 bp −$6 | 8.3 bp −$83 | 19.6 bp −$1,962 | doesn't fit |
| Sell Phemex live order book, 2 min ago | 2.90 bp | 44.9 bp −$45 | doesn't fit | 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 | −0.0968% | 4h | 1,346.8 | −0.038% | $3.3M | $428K | 10x | as long as short |
| Aftermath Perps SKHYNIXUSD | −0.0038% | 1h | 1,345.1 | −0.162% | $693 | $36K | 5x | as long as short |
| BloFin SKHYNIX-USDT | −0.0033% | 4h | 1,344.7 | −0.196% | $2.5M | $4.0M | 50x | as long as short |
| Aster SKHYNIXUSD1 | 0.0000% | 4h | 1,350.6 | +0.249% | $18.3M | $33.8M | 20x | as long as short |
| Extended SKHYNIX-USD | 0.0000% | 1h | 1,346.9 | −0.031% | $2.3M | $78K | 10x | as long as short |
| Binance SKHYNIXUSDT | 0.0000% | 4h | 1,346.8 | −0.039% | $325.7M | $940.4M | 50x | as long as short |
| Bybit SKHYNIXUSDT | 0.0000% | 8h | 1,347.7 | +0.030% | $19.1M | $30.9M | 100x | as long as short |
| Gate SKHYNIX_USDT | 0.0000% | 4h | 1,347.3 | −0.004% | $139.8M | $76.2M | 75x | as long as short |
| Bitget SKHYNIXUSDT | 0.0000% | 4h | 1,347.6 | +0.022% | $21.8M | $34.2M | 20x | as long as short |
| GRVT SKHYNIX_USDT_Perp | 0.0000% | 4h | 1,349.2 | +0.139% | $98K | $217K | 10x | as long as short |
edgeX SKHYNIXUSDC
Aftermath Perps SKHYNIXUSD
BloFin SKHYNIX-USDT
Aster SKHYNIXUSD1
Extended SKHYNIX-USD
Binance SKHYNIXUSDT
Bybit SKHYNIXUSDT
Gate SKHYNIX_USDT
Bitget SKHYNIXUSDT
GRVT SKHYNIX_USDT_PerpShow all 23 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| SunX SKHYNIX-USDT | 0.0000% | 4h | 1,344.6 | −0.203% | $968 | $482K | 10x | as long as short |
| HTX SKHYNIX-USDT | 0.0000% | 4h | 1,347.6 | +0.024% | $1.2M | $2.5M | 50x | as long as short |
| Phemex SKHYNIXUSDTshort | 0.0000% | 8h | 1,347.7 | +0.029% | $1.2M | $777K | 10x | |
| Pacifica SKHYNIX | +0.0100% | 1h | 1,344.6 | −0.200% | $102K | $433K | 10x | as long as short |
| KuCoin SKHYNIXUSDTM | +0.0100% | 4h | 1,346.7 | −0.042% | $5.0M | $8.2M | 20x | as long as short |
| ApeX Omni SKHYNIXUSDT | +0.0100% | 1h | 1,348.7 | +0.104% | $141K | $260K | 50x | as long as short |
| Orderly PERP_SKHYNIX_USDC_mythos | +0.0100% | 8h | 1,350 | +0.198% | $5K | $1K | 10x | as long as short |
| Aevo SKHX-PERP | +0.0104% | 1h | 1,347.7 | +0.031% | $32K | — | 10x | as long as short |
| OKX SKHYNIX-USDT-SWAPlong | +0.0261% | 8h | 1,347.3 | long leg | $52.0M | $131.8M | 50x | |
| tradeXYZ xyz:SKHX | +0.1362% | 1h | 1,345.8 | −0.111% | $297.1M | $266.7M | 10x | as long as short |
| SoDEX SKHX-USD | +0.1387% | 1h | 1,347.1 | −0.019% | $267 | $8K | 10x | as long as short |
| Polymarket Perps SKHYNIX-USD | +0.1579% | 1h | 1,342.6 | −0.349% | $251K | $984K | 10x | as long as short |
| Bullet SKHYNIX-USD | +0.1615% | 1h | 1,346 | −0.096% | $14K | $470K | 10x | as long as short |
SunX SKHYNIX-USDT
HTX SKHYNIX-USDT
Pacifica SKHYNIX
KuCoin SKHYNIXUSDTM
ApeX Omni SKHYNIXUSDT
Orderly PERP_SKHYNIX_USDC_mythos
Aevo SKHX-PERP
tradeXYZ xyz:SKHX
SoDEX SKHX-USD
Polymarket Perps SKHYNIX-USD
Bullet SKHYNIX-USD