Funding arb · Price arb /

SKHYNIX

RWAall SKHYNIX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.060%

Price spread now: GRVT against Phemex−0.377%7-day average +0.003% · you buy dearer than you sell

Net, funding: paid 7d − costs−$73as in the Funding arb table

Net, price: spread back to 7d avg − costs−$150as in the Price arb table

costs, in and out, $10k−$1121.125% of the position

Long on Phemex Short on GRVT

What this pair did over the last

the charts below follow

Funding, last 7 days+0.393%+$39 on $10k

Price spread, last 3 days (all we have)+0.421%+$42 · spread now −0.377%, 7d avg +0.003%

Together, before fees+0.813%+ Points / potential airdropGRVT: Active · farm board+$81 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: GRVT is 0.380% cheaper against Phemex than usual: you would sell low and buy high, −$38 on $10k if it goes back to its 7-day average of +0.003%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phemex SKHYNIXUSDT	1,405	0	get 0.0000% / 8h	7h 52m	$1.2M	$769K	10x
Short	GRVT SKHYNIX_USDT_Perp	1,399.7	0	get 0.0000% / 4h	3h 52m	$106K	$202K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GRVT 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 GRVTbpOrdersPrice spread, now −0.377%Rate

Funding earned: $0
Price spread: −0.377% → +0.003%: −$38.04
Slippage, 4 orders: −$91.46
Fee Phemex: 6 bp × 2 orders: −$12
Fee GRVT: 4.5 bp × 2 orders: −$9
Net: −$150.5
Costs to cover: 1.125%
Break-even: never at this rate

Slippage from Phemex: live order book, 5 min ago; GRVT: live order book, 20 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, 5 min ago	7.09 bp	57.2 bp −$57	doesn't fit	doesn't fit	doesn't fit
Sell GRVT live order book, 20 min ago	0.72 bp	5.9 bp −$6	9.2 bp −$92	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
Bybit SKHYNIXUSDT	−0.0398%	8h	1,405.7	+0.046%	$20.4M	$36.1M	100x	as long as short
Gate SKHYNIX_USDT	0.0000%	4h	1,406.6	+0.112%	$144.2M	$60.8M	75x	as long as short
GRVT SKHYNIX_USDT_Perpshort	0.0000%	4h	1,399.7	−0.377%	$106K	$202K	10x
SunX SKHYNIX-USDT	0.0000%	4h	1,404.6	−0.032%	$1K	$841K	10x	as long as short
HTX SKHYNIX-USDT	0.0000%	4h	1,406	+0.067%	$1.3M	$2.2M	50x	as long as short
Phemex SKHYNIXUSDTlong	0.0000%	8h	1,405	long leg	$1.2M	$769K	10x
SoDEX SKHX-USD	+0.0050%	1h	1,405	+0.002%	$747	$8K	10x	as long as short
ApeX Omni SKHYNIXUSDT	+0.0100%	1h	1,400.2	−0.342%	$146K	$262K	50x	as long as short
Orderly PERP_SKHYNIX_USDC_mythos	+0.0100%	8h	1,405.3	+0.023%	$5K	$798	10x	as long as short
Aevo SKHX-PERP	+0.0104%	1h	1,391.9	−0.936%	$33K	—	10x	as long as short

Show all 23 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
edgeX SKHYNIXUSDC	+0.0116%	4h	1,396.2	−0.628%	$3.4M	$430K	10x	as long as short
Bullet SKHYNIX-USD	+0.0122%	1h	1,405.3	+0.018%	$15K	$468K	10x	as long as short
Polymarket Perps SKHYNIX-USD	+0.0313%	1h	1,405.8	+0.056%	$293K	$1.1M	10x	as long as short
KuCoin SKHYNIXUSDTM	+0.0320%	4h	1,405.3	+0.019%	$5.2M	$8.2M	20x	as long as short
OKX SKHYNIX-USDT-SWAP	+0.0351%	8h	1,405.6	+0.042%	$53.0M	$113.6M	50x	as long as short
Aster SKHYNIXUSD1	+0.0353%	4h	1,405.4	+0.026%	$18.7M	$42.9M	20x	as long as short
Bitget SKHYNIXUSDT	+0.0360%	4h	1,405.7	+0.046%	$24.3M	$26.5M	20x	as long as short
tradeXYZ xyz:SKHX	+0.0447%	1h	1,405.2	+0.014%	$342.5M	$183.3M	10x	as long as short
Pacifica SKHYNIX	+0.0467%	1h	1,405	−0.001%	$143K	$410K	10x	as long as short
BloFin SKHYNIX-USDT	+0.0549%	4h	1,405.4	+0.026%	$2.5M	$4.2M	50x	as long as short
Binance SKHYNIXUSDT	+0.0550%	4h	1,404.4	−0.041%	$354.0M	$757.9M	50x	as long as short
Extended SKHYNIX-USD	+0.0560%	1h	1,404.4	−0.040%	$2.4M	$209K	10x	as long as short
Aftermath Perps SKHYNIXUSD	+0.5093%	1h	1,390.5	−1.036%	$694	$39K	5x	as long as short