Funding you earn now, next payment 08:00 UTC+0.0049%/8h= +5.4% APRpaid last 24h +0.066%
Price spread now: BloFin against Phemex+0.142%59s7-day average −0.025% · you sell dearer than you buy
Net, funding: paid 7d − costs−$85as 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−$1161.155% of the position
Funding, last 7 days+0.303%+$30 on $10k
+Price spread, last 4 days (all we have)−0.140%−$14 · spread now +0.142%, 7d avg −0.025%
=Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and BloFin is 0.167% dearer against Phemex than usual: you sell high and buy low: +$17 more if the spread goes back to its 7-day average of −0.025%. The two prices were read 59 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 | 1,382 | 0 | get 0.0000% / 8h | 3h 18m | $1.2M | $775K | 10x |
| Short | BloFin SKHYNIX-USDT | 1,384 | 0.0049 | get 0.0025% / 4h | 3h 18m | $2.6M | $4.1M | 50x |
Phemex SKHYNIXUSDT
BloFin SKHYNIX-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin 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
- $10.31
- Price spread: +0.142% → −0.025%
- $16.72
- Slippage, 4 orders
- −$91.53
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$88.5
- Costs to cover
- 1.155%
- Break-even
- 67.1 days
Slippage from Phemex: live order book, 4 min ago; BloFin: live order book, 5 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, 4 min ago | 5.60 bp | 39.7 bp −$40 | doesn't fit | doesn't fit | doesn't fit |
| Sell BloFin live order book, 5 min ago | 0.04 bp | 6.0 bp −$6 | 7.1 bp −$71 | 9.8 bp −$985 | 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 | −0.0063% | 4h | 1,386 | +0.288% | $3.4M | $391K | 10x | as long as short |
| Aster SKHYNIXUSD1 | 0.0000% | 4h | 1,381.3 | −0.055% | $18.7M | $38.6M | 20x | as long as short |
| Extended SKHYNIX-USD | 0.0000% | 1h | 1,380.2 | −0.135% | $2.4M | $71K | 10x | as long as short |
| Binance SKHYNIXUSDT | 0.0000% | 4h | 1,380.6 | −0.102% | $342.5M | $795.2M | 50x | as long as short |
| Bybit SKHYNIXUSDT | 0.0000% | 8h | 1,381.4 | −0.047% | $20.1M | $31.5M | 100x | as long as short |
| Gate SKHYNIX_USDT | 0.0000% | 4h | 1,381.5 | −0.043% | $141.5M | $70.6M | 75x | as long as short |
| GRVT SKHYNIX_USDT_Perp | 0.0000% | 4h | 1,386 | +0.288% | $100K | $207K | 10x | as long as short |
| SunX SKHYNIX-USDT | 0.0000% | 4h | 1,380.8 | −0.089% | $1K | $579K | 10x | as long as short |
| HTX SKHYNIX-USDT | 0.0000% | 4h | 1,384.1 | +0.151% | $1.3M | $2.4M | 50x | as long as short |
| Phemex SKHYNIXUSDTlong | 0.0000% | 8h | 1,382 | long leg | $1.2M | $775K | 10x |
edgeX SKHYNIXUSDC
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 | |
|---|---|---|---|---|---|---|---|---|
| Bullet SKHYNIX-USD | +0.0018% | 1h | 1,381.2 | −0.061% | $14K | $468K | 10x | as long as short |
| BloFin SKHYNIX-USDTshort | +0.0049% | 4h | 1,384 | +0.142% | $2.6M | $4.1M | 50x | |
| tradeXYZ xyz:SKHX | +0.0050% | 1h | 1,380.4 | −0.119% | $301.3M | $229.4M | 10x | as long as short |
| Polymarket Perps SKHYNIX-USD | +0.0050% | 1h | 1,381.3 | −0.054% | $267K | $997K | 10x | as long as short |
| SoDEX SKHX-USD | +0.0050% | 1h | 1,380.7 | −0.098% | $735 | $8K | 10x | as long as short |
| Pacifica SKHYNIX | +0.0100% | 1h | 1,380.9 | −0.079% | $107K | $408K | 10x | as long as short |
| KuCoin SKHYNIXUSDTM | +0.0100% | 4h | 1,380.6 | −0.106% | $5.1M | $8.0M | 20x | as long as short |
| ApeX Omni SKHYNIXUSDT | +0.0100% | 1h | 1,386.7 | +0.339% | $145K | $260K | 50x | as long as short |
| Orderly PERP_SKHYNIX_USDC_mythos | +0.0100% | 8h | 1,380.7 | −0.096% | $5K | $858 | 10x | as long as short |
| Aevo SKHX-PERP | +0.0104% | 1h | 1,381.4 | −0.046% | $32K | — | 10x | as long as short |
| Aftermath Perps SKHYNIXUSD | +0.0170% | 1h | 1,384 | +0.143% | $660 | $37K | 5x | as long as short |
| Bitget SKHYNIXUSDT | +0.0184% | 4h | 1,381 | −0.072% | $22.7M | $28.2M | 20x | as long as short |
| OKX SKHYNIX-USDT-SWAP | +0.0384% | 8h | 1,381.2 | −0.061% | $54.1M | $114.9M | 50x | as long as short |
Bullet SKHYNIX-USD
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
Bitget SKHYNIXUSDT
OKX SKHYNIX-USDT-SWAP