Funding arb · Price arb /

SKHYNIX

RWAall SKHYNIX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.027%

Price spread now: Bullet against Phemex+0.015%7-day average −0.021% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$101as in the Price arb table

costs, in and out, $10k−$1041.042% of the position

Long on Phemex Short on Bullet

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.075%+$7 on $10k

Price spread, last 3 days (all we have)+0.010%+$1 · spread now +0.015%, 7d avg −0.021%

Together, before fees+0.085%+$8 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bullet is 0.036% dearer against Phemex than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of −0.021%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phemex SKHYNIXUSDT	1,383.3	0	get 0.0000% / 8h	14m 46s	$1.2M	$769K	10x
Short	Bullet SKHYNIX-USD	1,383.5	0	get 0.0000% / 1h	14m 46s	$15K	$467K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bullet 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 BulletbpOrdersPrice spread, now +0.015%Rate

Funding earned: $0
Price spread: +0.015% → −0.021%: $3.63
Slippage, 4 orders: −$84.24
Fee Phemex: 6 bp × 2 orders: −$12
Fee Bullet: 4 bp × 2 orders: −$8
Net: −$100.6
Costs to cover: 1.042%
Break-even: never at this rate

Slippage from Phemex: live order book, 3 min ago; Bullet: live order book, 64 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	2.82 bp	40.2 bp −$40	doesn't fit	doesn't fit	doesn't fit
Sell Bullet live order book, 64 min ago	1.45 bp	7.3 bp −$7	21.3 bp −$213	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	−0.0212%	4h	1,383.4	+0.009%	$3.4M	$432K	10x	as long as short
Bullet SKHYNIX-USDshort	0.0000%	1h	1,383.5	+0.015%	$15K	$467K	10x
SunX SKHYNIX-USDT	0.0000%	4h	1,383.7	+0.029%	$1K	$892K	10x	as long as short
Phemex SKHYNIXUSDTlong	0.0000%	8h	1,383.3	long leg	$1.2M	$769K	10x
SoDEX SKHX-USD	+0.0027%	1h	1,384	+0.047%	$736	$8K	10x	as long as short
Polymarket Perps SKHYNIX-USD	+0.0050%	1h	1,384.4	+0.080%	$277K	$1.6M	10x	as long as short
tradeXYZ xyz:SKHX	+0.0051%	1h	1,385.2	+0.137%	$346.4M	$187.0M	10x	as long as short
Aster SKHYNIXUSD1	+0.0093%	4h	1,382.8	−0.039%	$18.4M	$42.8M	20x	as long as short
ApeX Omni SKHYNIXUSDT	+0.0100%	1h	1,384.1	+0.058%	$144K	$263K	50x	as long as short
Orderly PERP_SKHYNIX_USDC_mythos	+0.0100%	8h	1,383.1	−0.013%	$5K	$1K	10x	as long as short

Show all 23 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aevo SKHX-PERP	+0.0104%	1h	1,385.1	+0.127%	$32K	—	10x	as long as short
Bitget SKHYNIXUSDT	+0.0122%	4h	1,383.2	−0.007%	$24.1M	$26.7M	20x	as long as short
Gate SKHYNIX_USDT	+0.0128%	4h	1,384.4	+0.082%	$136.9M	$73.5M	75x	as long as short
HTX SKHYNIX-USDT	+0.0163%	4h	1,383.8	+0.033%	$1.2M	$2.2M	50x	as long as short
KuCoin SKHYNIXUSDTM	+0.0188%	4h	1,382.4	−0.063%	$5.1M	$8.2M	20x	as long as short
BloFin SKHYNIX-USDT	+0.0254%	4h	1,383.2	−0.008%	$2.5M	$4.1M	50x	as long as short
OKX SKHYNIX-USDT-SWAP	+0.0292%	8h	1,383.8	+0.036%	$52.7M	$112.5M	50x	as long as short
Bybit SKHYNIXUSDT	+0.0301%	8h	1,384	+0.051%	$20.4M	$36.2M	100x	as long as short
Extended SKHYNIX-USD	+0.0312%	1h	1,382.7	−0.045%	$2.4M	$225K	10x	as long as short
Binance SKHYNIXUSDT	+0.0312%	4h	1,382.1	−0.088%	$352.7M	$739.7M	50x	as long as short
GRVT SKHYNIX_USDT_Perp	+0.0442%	4h	1,384	+0.048%	$105K	$208K	10x	as long as short
Pacifica SKHYNIX	+0.0621%	1h	1,383.5	+0.012%	$148K	$407K	10x	as long as short
Aftermath Perps SKHYNIXUSD	+0.0761%	1h	1,383.9	+0.040%	$674	$39K	5x	as long as short