Funding arb · Price arb /

SKHYNIX

RWAall SKHYNIX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0247%/8h= +27.0% APRpaid last 24h +0.109%

Price spread now: Binance against Phemex−0.002%7-day average −0.043% · you buy dearer than you sell

Net, funding: paid 7d − costs−$80as in the Funding arb table

Net, price: spread back to 7d avg − costs−$114as in the Price arb table

costs, in and out, $10k−$1181.182% of the position

Long on Phemex Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days+0.383%+$38 on $10k

Price spread, last 2 days (all we have)−0.031%−$3 · spread now −0.002%, 7d avg −0.043%

Together, before fees+0.352%+$35 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$7 a day on $10k at the current rate, and Binance is 0.041% dearer against Phemex than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of −0.043%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phemex SKHYNIXUSDT	1,413.8	0	get 0.0000% / 8h	7h 04m	$1.2M	$769K	10x
Short	Binance SKHYNIXUSDT	1,413.8	0.0247	get 0.0123% / 4h	3h 04m	$354.4M	$741.4M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance 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 BinancebpOrdersPrice spread, now −0.002%Rate

Funding earned: $51.81
Price spread: −0.002% → −0.043%: $4.05
Slippage, 4 orders: −$96.18
Fee Phemex: 6 bp × 2 orders: −$12
Fee Binance: 5 bp × 2 orders: −$10
Net: −$62.32
Costs to cover: 1.182%
Break-even: 15.4 days

Slippage from Phemex: live order book, 3 min ago; Binance: live order book, 10 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 Phemex live order book, 3 min ago	2.69 bp	45.1 bp −$45	doesn't fit	doesn't fit	doesn't fit
Sell Binance live order book, 10 min ago	0.04 bp	5.0 bp −$5	5.8 bp −$58	13.8 bp −$1,382	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	−0.0257%	4h	1,413.9	+0.001%	$3.5M	$434K	10x	as long as short
Bybit SKHYNIXUSDT	0.0000%	8h	1,414.8	+0.065%	$20.6M	$33.1M	100x	as long as short
Gate SKHYNIX_USDT	0.0000%	4h	1,415	+0.079%	$143.5M	$65.3M	75x	as long as short
GRVT SKHYNIX_USDT_Perp	0.0000%	4h	1,412.9	−0.067%	$103K	$198K	10x	as long as short
Bullet SKHYNIX-USD	0.0000%	1h	1,414.4	+0.039%	$16K	$467K	10x	as long as short
SunX SKHYNIX-USDT	0.0000%	4h	1,414.2	+0.022%	$1K	$721K	10x	as long as short
HTX SKHYNIX-USDT	0.0000%	4h	1,414.9	+0.074%	$1.3M	$2.2M	50x	as long as short
Phemex SKHYNIXUSDTlong	0.0000%	8h	1,413.8	long leg	$1.2M	$769K	10x
Polymarket Perps SKHYNIX-USD	+0.0050%	1h	1,414.9	+0.075%	$294K	$927K	10x	as long as short
SoDEX SKHX-USD	+0.0050%	1h	1,414	+0.008%	$752	$8K	10x	as long as short

Show all 23 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
tradeXYZ xyz:SKHX	+0.0081%	1h	1,414.2	+0.025%	$331.2M	$191.6M	10x	as long as short
KuCoin SKHYNIXUSDTM	+0.0100%	4h	1,414.3	+0.033%	$5.2M	$8.2M	20x	as long as short
ApeX Omni SKHYNIXUSDT	+0.0100%	1h	1,412.7	−0.083%	$147K	$262K	50x	as long as short
Orderly PERP_SKHYNIX_USDC_mythos	+0.0100%	8h	1,414.7	+0.062%	$5K	$798	10x	as long as short
Aevo SKHX-PERP	+0.0104%	1h	1,414.6	+0.052%	$33K	—	10x	as long as short
Aster SKHYNIXUSD1	+0.0114%	4h	1,414.6	+0.053%	$18.9M	$42.0M	20x	as long as short
BloFin SKHYNIX-USDT	+0.0209%	4h	1,414.4	+0.040%	$2.6M	$4.2M	50x	as long as short
Binance SKHYNIXUSDTshort	+0.0247%	4h	1,413.8	−0.002%	$354.4M	$741.4M	50x
Extended SKHYNIX-USD	+0.0248%	1h	1,413.9	+0.002%	$2.4M	$182K	10x	as long as short
Bitget SKHYNIXUSDT	+0.0264%	4h	1,414.6	+0.056%	$24.1M	$25.2M	20x	as long as short
OKX SKHYNIX-USDT-SWAP	+0.0277%	8h	1,414.3	+0.033%	$54.5M	$110.8M	50x	as long as short
Pacifica SKHYNIX	+0.0467%	1h	1,414.5	+0.048%	$135K	$385K	10x	as long as short
Aftermath Perps SKHYNIXUSD	+0.2201%	1h	1,413.8	−0.006%	$704	$38K	5x	as long as short