Funding you earn now, next payment 08:00 UTC+0.0218%/8h= +23.9% APRpaid last 24h +0.062%
Price spread now: Bitget against Phemex+0.201%46s7-day average +0.005% · you sell dearer than you buy
Net, funding: paid 7d − costs−$91as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$1231.231% of the position
Funding, last 7 days+0.323%+$32 on $10k
+Price spread, last 4 days (all we have)−0.125%−$12 · spread now +0.201%, 7d avg +0.005%
=Both sides work for this trade now. Funding pays +$7 a day on $10k at the current rate, and Bitget is 0.196% dearer against Phemex than usual: you sell high and buy low: +$20 more if the spread goes back to its 7-day average of +0.005%. The two prices were read 46 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phemex SKHYNIXUSDT | 1,363.5 | 0 | get 0.0000% / 8h | 1h 50m | $1.2M | $776K | 10x |
| Short | Bitget SKHYNIXUSDT | 1,366.2 | 0.0218 | get 0.0109% / 4h | 1h 50m | $22.5M | $32.6M | 20x |
Phemex SKHYNIXUSDT
Bitget SKHYNIXUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget against Phemex. 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
- $45.78
- Price spread: +0.201% → +0.005%
- $19.57
- Slippage, 4 orders
- −$99.05
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$57.7
- Costs to cover
- 1.231%
- Break-even
- 15.8 days
Slippage from Phemex: live order book, 2 min ago; Bitget: live order book, 4 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, 2 min ago | 2.94 bp | 50.9 bp −$51 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bitget live order book, 4 min ago | 0.73 bp | 8.9 bp −$9 | 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 | −0.0409% | 4h | 1,362.3 | −0.085% | $3.3M | $431K | 10x | as long as short |
| BloFin SKHYNIX-USDT | −0.0015% | 4h | 1,363.3 | −0.014% | $2.6M | $4.0M | 50x | as long as short |
| Aster SKHYNIXUSD1 | 0.0000% | 4h | 1,366.7 | +0.237% | $18.5M | $36.3M | 20x | as long as short |
| Extended SKHYNIX-USD | 0.0000% | 1h | 1,365.5 | +0.148% | $2.3M | $78K | 10x | as long as short |
| Binance SKHYNIXUSDT | 0.0000% | 4h | 1,366.2 | +0.201% | $334.2M | $907.4M | 50x | as long as short |
| Bybit SKHYNIXUSDT | 0.0000% | 8h | 1,366.7 | +0.235% | $19.5M | $30.9M | 100x | as long as short |
| Gate SKHYNIX_USDT | 0.0000% | 4h | 1,366.3 | +0.209% | $141.9M | $74.3M | 75x | as long as short |
| GRVT SKHYNIX_USDT_Perp | 0.0000% | 4h | 1,363.4 | −0.007% | $98K | $215K | 10x | as long as short |
| Bullet SKHYNIX-USD | 0.0000% | 1h | 1,365.7 | +0.162% | $15K | $469K | 10x | as long as short |
| SunX SKHYNIX-USDT | 0.0000% | 4h | 1,362.8 | −0.052% | $928 | $514K | 10x | 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
Bullet SKHYNIX-USD
SunX SKHYNIX-USDTShow all 23 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| HTX SKHYNIX-USDT | 0.0000% | 4h | 1,361.7 | −0.132% | $1.2M | $2.5M | 50x | as long as short |
| Phemex SKHYNIXUSDTlong | 0.0000% | 8h | 1,363.5 | long leg | $1.2M | $776K | 10x | |
| tradeXYZ xyz:SKHX | +0.0050% | 1h | 1,365.6 | +0.157% | $293.9M | $252.2M | 10x | as long as short |
| Polymarket Perps SKHYNIX-USD | +0.0050% | 1h | 1,366 | +0.186% | $258K | $998K | 10x | as long as short |
| SoDEX SKHX-USD | +0.0050% | 1h | 1,362.3 | −0.082% | $725 | $8K | 10x | as long as short |
| Pacifica SKHYNIX | +0.0100% | 1h | 1,366 | +0.185% | $104K | $430K | 10x | as long as short |
| KuCoin SKHYNIXUSDTM | +0.0100% | 4h | 1,365.7 | +0.164% | $5.0M | $8.2M | 20x | as long as short |
| ApeX Omni SKHYNIXUSDT | +0.0100% | 1h | 1,363.7 | +0.019% | $142K | $259K | 50x | as long as short |
| Orderly PERP_SKHYNIX_USDC_mythos | +0.0100% | 8h | 1,362.3 | −0.086% | $4K | $858 | 10x | as long as short |
| Aevo SKHX-PERP | +0.0104% | 1h | 1,362.8 | −0.048% | $32K | — | 10x | as long as short |
| Aftermath Perps SKHYNIXUSD | +0.0176% | 1h | 1,363.9 | +0.030% | $656 | $37K | 5x | as long as short |
| Bitget SKHYNIXUSDTshort | +0.0218% | 4h | 1,366.2 | +0.201% | $22.5M | $32.6M | 20x | |
| OKX SKHYNIX-USDT-SWAP | +0.0328% | 8h | 1,366.1 | +0.194% | $53.2M | $128.2M | 50x | as long as short |
HTX SKHYNIX-USDT
tradeXYZ xyz:SKHX
Polymarket Perps SKHYNIX-USD
SoDEX SKHX-USD
Pacifica SKHYNIX
KuCoin SKHYNIXUSDTM
ApeX Omni SKHYNIXUSDT
Orderly PERP_SKHYNIX_USDC_mythos
Aevo SKHX-PERP
Aftermath Perps SKHYNIXUSD
OKX SKHYNIX-USDT-SWAP