Funding you earn now, next payment 04:00 UTC+0.0050%/8h= +5.5% APRpaid last 24h +0.041%
Price spread now: tradeXYZ against Phemex−0.083%7-day average −0.026% · you buy dearer than you sell
Net, funding: paid 7d − costs−$72as in the Funding arb table
Net, price: spread back to 7d avg − costs−$115as in the Price arb table
costs, in and out, $10k−$1091.091% of the position
Funding, last 7 days+0.367%+$37 on $10k
+Price spread, last 4 days (all we have)+0.117%+$12 · spread now −0.083%, 7d avg −0.026%
=Together, before fees+0.484%+ Points / potential airdroptradeXYZ: Active · farm board+$48 on $10k · with fees, hour by hour
Funding pays, the price is against you. tradeXYZ is 0.057% cheaper against Phemex than usual: you would sell low and buy high (spread −0.083% now, against its 7-day average of −0.026%). If the spread goes back, that is −$6 on $10k: about 3.8 days of funding at the current rate (+$2 a day). At the pace of the last 7 days (+0.367% in total) that is about 26 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phemex SKHYNIXUSDT | 1,411.1 | 0 | get 0.0000% / 8h | 4h 34m | $1.2M | $766K | 10x |
| Short | tradeXYZ xyz:SKHX | 1,409.9 | 0.0050 | get 0.0006% / 1h | 34m 38s | $317.3M | $208.4M | 10x |
Phemex SKHYNIXUSDT
tradeXYZ xyz:SKHXFunding history
latest
Range statsloading…
Price spread between the two exchanges
tradeXYZ 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
- $10.5
- Price spread: −0.083% → −0.026%
- −$5.66
- Slippage, 4 orders
- −$79.11
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Net
- −$104.27
- Costs to cover
- 1.091%
- Break-even
- 76.5 days
Slippage from Phemex: live order book, 3 min ago; tradeXYZ: 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, 3 min ago | 1.74 bp | 44.3 bp −$44 | doesn't fit | doesn't fit | doesn't fit |
| Sell tradeXYZ live order book, 5 min ago | 0.35 bp | 9.4 bp −$9 | 10.0 bp −$100 | 15.2 bp −$1,521 | 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 | −0.0123% | 4h | 1,410.4 | −0.046% | $3.5M | $373K | 10x | as long as short |
| BloFin SKHYNIX-USDT | −0.0027% | 4h | 1,410.3 | −0.056% | $2.7M | $4.1M | 50x | as long as short |
| Aster SKHYNIXUSD1 | 0.0000% | 4h | 1,410.2 | −0.058% | $18.8M | $39.8M | 20x | as long as short |
| Extended SKHYNIX-USD | 0.0000% | 1h | 1,409.5 | −0.112% | $2.4M | $71K | 10x | as long as short |
| Binance SKHYNIXUSDT | 0.0000% | 4h | 1,409.8 | −0.088% | $349.4M | $750.3M | 50x | as long as short |
| Bybit SKHYNIXUSDT | 0.0000% | 8h | 1,410.8 | −0.018% | $20.5M | $32.0M | 100x | as long as short |
| Gate SKHYNIX_USDT | 0.0000% | 4h | 1,411.1 | +0.003% | $143.2M | $64.5M | 75x | as long as short |
| GRVT SKHYNIX_USDT_Perp | 0.0000% | 4h | 1,410.7 | −0.024% | $102K | $198K | 10x | as long as short |
| SunX SKHYNIX-USDT | 0.0000% | 4h | 1,410.1 | −0.069% | $1K | $617K | 10x | as long as short |
| HTX SKHYNIX-USDT | 0.0000% | 4h | 1,411.3 | +0.016% | $1.3M | $2.4M | 50x | 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
SunX SKHYNIX-USDT
HTX SKHYNIX-USDTShow all 23 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Phemex SKHYNIXUSDTlong | 0.0000% | 8h | 1,411.1 | long leg | $1.2M | $766K | 10x | |
| Bullet SKHYNIX-USD | +0.0022% | 1h | 1,410.5 | −0.039% | $15K | $470K | 10x | as long as short |
| tradeXYZ xyz:SKHXshort | +0.0050% | 1h | 1,409.9 | −0.083% | $317.3M | $208.4M | 10x | |
| Polymarket Perps SKHYNIX-USD | +0.0050% | 1h | 1,410.5 | −0.040% | $276K | $1.0M | 10x | as long as short |
| SoDEX SKHX-USD | +0.0050% | 1h | 1,410.6 | −0.036% | $750 | $8K | 10x | as long as short |
| Pacifica SKHYNIX | +0.0100% | 1h | 1,410.1 | −0.069% | $128K | $386K | 10x | as long as short |
| KuCoin SKHYNIXUSDTM | +0.0100% | 4h | 1,409.9 | −0.086% | $5.2M | $8.1M | 20x | as long as short |
| ApeX Omni SKHYNIXUSDT | +0.0100% | 1h | 1,410.8 | −0.019% | $147K | $260K | 50x | as long as short |
| Orderly PERP_SKHYNIX_USDC_mythos | +0.0100% | 8h | 1,410.6 | −0.035% | $5K | $798 | 10x | as long as short |
| Aevo SKHX-PERP | +0.0104% | 1h | 1,411 | −0.004% | $33K | — | 10x | as long as short |
| Bitget SKHYNIXUSDT | +0.0246% | 4h | 1,410.3 | −0.057% | $23.4M | $26.1M | 20x | as long as short |
| Aftermath Perps SKHYNIXUSD | +0.0308% | 1h | 1,410.4 | −0.046% | $672 | $38K | 5x | as long as short |
| OKX SKHYNIX-USDT-SWAP | +0.0338% | 8h | 1,410.7 | −0.026% | $55.9M | $114.3M | 50x | as long as short |
Bullet SKHYNIX-USD
Polymarket Perps SKHYNIX-USD
SoDEX SKHX-USD
Pacifica SKHYNIX
KuCoin SKHYNIXUSDTM
ApeX Omni SKHYNIXUSDT
Orderly PERP_SKHYNIX_USDC_mythos
Aevo SKHX-PERP
Bitget SKHYNIXUSDT
Aftermath Perps SKHYNIXUSD
OKX SKHYNIX-USDT-SWAP