Funding arb · Price arb /

SKHYNIX

RWAall SKHYNIX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0604%/8h= +66.1% APRpaid last 24h +0.123%

Price spread now: Aftermath Perps against Phemex−0.090%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Phemex Short on Aftermath Perps

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Funding pays, the price is against you. Aftermath Perps is 0.090% cheaper against Phemex than usual: you would sell low and buy high (spread −0.090% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$9 on $10k: about 12 hours of funding at the current rate (+$18 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phemex SKHYNIXUSDT	1,410.6	0	get 0.0000% / 8h	5h 30m	$1.2M	$769K	10x
Short	Aftermath Perps SKHYNIXUSD	1,409.3	0.0604	get 0.0075% / 1h	30m 29s	$672	$38K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aftermath Perps against Phemex. 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 PhemexbpFee Aftermath PerpsbpOrdersPrice spread, now −0.090%Rate

Funding earned: $126.77
Price spread: −0.090% → 0.000%: −$8.96
Slippage, 4 orders: no order book: not counted
Fee Phemex: 6 bp × 2 orders: −$12
Fee Aftermath Perps: 4.5 bp × 2 orders: −$9
Net: $96.81
Costs to cover: 0.210%
Break-even: 1.7 days

Slippage unknown: Phemex: live order book, 2 min ago; Aftermath Perps: no order-book sample. Net counts fees only.

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 Phemex live order book, 2 min ago	1.06 bp	40.5 bp −$41	doesn't fit	doesn't fit	doesn't fit
Sell Aftermath Perps no order-book sample	—	—	—	—	—

Aftermath Perps: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	−0.0898%	4h	1,410.8	+0.014%	$3.5M	$398K	10x	as long as short
Aster SKHYNIXUSD1	0.0000%	4h	1,410.4	−0.015%	$18.9M	$39.9M	20x	as long as short
Bybit SKHYNIXUSDT	0.0000%	8h	1,409.7	−0.065%	$20.5M	$33.1M	100x	as long as short
Gate SKHYNIX_USDT	0.0000%	4h	1,409.5	−0.077%	$144.1M	$64.1M	75x	as long as short
GRVT SKHYNIX_USDT_Perp	0.0000%	4h	1,411.9	+0.090%	$102K	$195K	10x	as long as short
SunX SKHYNIX-USDT	0.0000%	4h	1,410.5	−0.009%	$1K	$640K	10x	as long as short
HTX SKHYNIX-USDT	0.0000%	4h	1,410.5	−0.003%	$1.3M	$2.4M	50x	as long as short
Phemex SKHYNIXUSDTlong	0.0000%	8h	1,410.6	long leg	$1.2M	$769K	10x
Binance SKHYNIXUSDT	+0.0030%	4h	1,408.9	−0.121%	$351.7M	$748.2M	50x	as long as short
Extended SKHYNIX-USD	+0.0032%	1h	1,408.9	−0.119%	$2.4M	$71K	10x	as long as short

Show all 23 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SoDEX SKHX-USD	+0.0050%	1h	1,410.6	+0.002%	$750	$8K	10x	as long as short
BloFin SKHYNIX-USDT	+0.0066%	4h	1,410.6	+0.004%	$2.7M	$4.1M	50x	as long as short
Pacifica SKHYNIX	+0.0100%	1h	1,409.1	−0.108%	$126K	$389K	10x	as long as short
KuCoin SKHYNIXUSDTM	+0.0100%	4h	1,410	−0.043%	$5.2M	$8.1M	20x	as long as short
ApeX Omni SKHYNIXUSDT	+0.0100%	1h	1,410.7	+0.008%	$147K	$262K	50x	as long as short
Orderly PERP_SKHYNIX_USDC_mythos	+0.0100%	8h	1,410.2	−0.030%	$5K	$798	10x	as long as short
Aevo SKHX-PERP	+0.0104%	1h	1,411	+0.031%	$33K	—	10x	as long as short
tradeXYZ xyz:SKHX	+0.0174%	1h	1,408.5	−0.147%	$318.0M	$205.2M	10x	as long as short
Bullet SKHYNIX-USD	+0.0215%	1h	1,408.9	−0.117%	$15K	$466K	10x	as long as short
Polymarket Perps SKHYNIX-USD	+0.0238%	1h	1,409.2	−0.098%	$276K	$1.0M	10x	as long as short
OKX SKHYNIX-USDT-SWAP	+0.0336%	8h	1,409.6	−0.069%	$55.9M	$114.4M	50x	as long as short
Bitget SKHYNIXUSDT	+0.0338%	4h	1,409.3	−0.089%	$23.4M	$26.0M	20x	as long as short
Aftermath Perps SKHYNIXUSDshort	+0.0604%	1h	1,409.3	−0.090%	$672	$38K	5x