Funding you earn now, next payment 04:00 UTC−0.0289%/8h= −31.6% APRpaid last 24h −0.043%
Price spread now: tradeXYZ against OKX−0.092%7-day average −0.054% · you buy dearer than you sell
Net, funding: paid 7d − costs−$32as in the Funding arb table
Net, price: spread back to 7d avg − costs−$36as in the Price arb table
costs, in and out, $10k−$320.323% of the position
Funding, last 7 days+0.004%$0 on $10k
+Price spread, last 7 days+0.051%+$5 · spread now −0.092%, 7d avg −0.054%
=Together, before fees+0.056%+ Points / potential airdroptradeXYZ: Active · farm board+$6 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 tradeXYZ is 0.039% cheaper against OKX than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of −0.054%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.004% in total (about 0.2% 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 | 1,411.6 | 0.0339 | pay 0.0339% / 8h | 4h 33m | $56.0M | $114.4M | 50x |
| Short | tradeXYZ xyz:SKHX | 1,410.3 | 0.0050 | get 0.0006% / 1h | 33m 51s | $317.4M | $208.4M | 10x |
OKX SKHYNIX-USDT-SWAP
tradeXYZ xyz:SKHXFunding history
latest
Range statsloading…
Price spread between the two exchanges
tradeXYZ 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
- −$60.69
- Price spread: −0.092% → −0.054%
- −$3.86
- Slippage, 4 orders
- −$4.28
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Net
- −$96.83
- Costs to cover
- 0.323%
- Break-even
- never at this rate
Slippage from OKX: live order book, 5 min ago; tradeXYZ: live order book, 6 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, 5 min ago | 0.35 bp | 5.7 bp −$6 | 7.3 bp −$73 | 19.4 bp −$1,943 | doesn't fit |
| Sell tradeXYZ live order book, 6 min ago | 0.35 bp | 9.4 bp −$9 | 10.0 bp −$100 | 15.2 bp −$1,521 | 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 | −0.0123% | 4h | 1,410.4 | −0.083% | $3.5M | $373K | 10x | as long as short |
| BloFin SKHYNIX-USDT | −0.0027% | 4h | 1,410.3 | −0.094% | $2.7M | $4.1M | 50x | as long as short |
| Aster SKHYNIXUSD1 | 0.0000% | 4h | 1,410.7 | −0.062% | $18.8M | $39.8M | 20x | as long as short |
| Extended SKHYNIX-USD | 0.0000% | 1h | 1,410.6 | −0.069% | $2.4M | $71K | 10x | as long as short |
| Binance SKHYNIXUSDT | 0.0000% | 4h | 1,410.9 | −0.052% | $349.7M | $751.1M | 50x | as long as short |
| Bybit SKHYNIXUSDT | 0.0000% | 8h | 1,411.5 | −0.004% | $20.5M | $31.9M | 100x | as long as short |
| Gate SKHYNIX_USDT | 0.0000% | 4h | 1,412.1 | +0.035% | $143.3M | $64.5M | 75x | as long as short |
| GRVT SKHYNIX_USDT_Perp | 0.0000% | 4h | 1,410.7 | −0.062% | $102K | $198K | 10x | as long as short |
| SunX SKHYNIX-USDT | 0.0000% | 4h | 1,409.7 | −0.136% | $1K | $617K | 10x | as long as short |
| HTX SKHYNIX-USDT | 0.0000% | 4h | 1,410.3 | −0.092% | $1.3M | $2.4M | 50x | as long as short |
edgeX SKHYNIXUSDC
BloFin SKHYNIX-USDT
Aster SKHYNIXUSD1
Extended SKHYNIX-USD
Binance SKHYNIXUSDT
Bybit SKHYNIXUSDT
Gate SKHYNIX_USDT
GRVT SKHYNIX_USDT_Perp
SunX SKHYNIX-USDT
HTX SKHYNIX-USDTShow all 23 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Phemex SKHYNIXUSDT | 0.0000% | 8h | 1,411.6 | 0.000% | $1.2M | $766K | 10x | as long as short |
| Bullet SKHYNIX-USD | +0.0021% | 1h | 1,410.3 | −0.092% | $14K | $470K | 10x | as long as short |
| tradeXYZ xyz:SKHXshort | +0.0050% | 1h | 1,410.3 | −0.092% | $317.4M | $208.4M | 10x | |
| Polymarket Perps SKHYNIX-USD | +0.0050% | 1h | 1,410.3 | −0.092% | $276K | $1.0M | 10x | as long as short |
| SoDEX SKHX-USD | +0.0050% | 1h | 1,410.8 | −0.060% | $751 | $8K | 10x | as long as short |
| Pacifica SKHYNIX | +0.0100% | 1h | 1,410.1 | −0.106% | $128K | $386K | 10x | as long as short |
| KuCoin SKHYNIXUSDTM | +0.0100% | 4h | 1,410.7 | −0.061% | $5.2M | $8.1M | 20x | as long as short |
| ApeX Omni SKHYNIXUSDT | +0.0100% | 1h | 1,410.8 | −0.057% | $147K | $260K | 50x | as long as short |
| Orderly PERP_SKHYNIX_USDC_mythos | +0.0100% | 8h | 1,410.9 | −0.053% | $5K | $798 | 10x | as long as short |
| Aevo SKHX-PERP | +0.0104% | 1h | 1,411.6 | −0.001% | $33K | — | 10x | as long as short |
| Bitget SKHYNIXUSDT | +0.0246% | 4h | 1,411.5 | −0.009% | $23.4M | $26.1M | 20x | as long as short |
| Aftermath Perps SKHYNIXUSD | +0.0305% | 1h | 1,410 | −0.116% | $672 | $38K | 5x | as long as short |
| OKX SKHYNIX-USDT-SWAPlong | +0.0339% | 8h | 1,411.6 | long leg | $56.0M | $114.4M | 50x |
Phemex SKHYNIXUSDT
Bullet SKHYNIX-USD
Polymarket Perps SKHYNIX-USD
SoDEX SKHX-USD
Pacifica SKHYNIX
KuCoin SKHYNIXUSDTM
ApeX Omni SKHYNIXUSDT
Orderly PERP_SKHYNIX_USDC_mythos
Aevo SKHX-PERP
Bitget SKHYNIXUSDT
Aftermath Perps SKHYNIXUSD