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 SunX−0.041%7-day average 0.000% · you buy dearer than you sell

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

Net, price: spread back to 7d avg − costs−$84as in the Price arb table

costs, in and out, $10k−$800.799% of the position

Long on SunX 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)+0.032%+$3 · spread now −0.041%, 7d avg 0.000%

Together, before fees+0.107%+$11 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 0.042% cheaper against SunX than usual: you would sell low and buy high, −$4 on $10k if it goes back to its 7-day average of 0.000%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX SKHYNIX-USDT	1,384.2	0	get 0.0000% / 4h	17m 49s	$1K	$893K	10x
Short	Bullet SKHYNIX-USD	1,383.6	0	get 0.0000% / 1h	17m 49s	$15K	$467K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bullet against SunX. 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 SunXbpFee BulletbpOrdersPrice spread, now −0.041%Rate

Funding earned: $0
Price spread: −0.041% → 0.000%: −$4.16
Slippage, 4 orders: −$63.85
Fee SunX: 4 bp × 2 orders: −$8
Fee Bullet: 4 bp × 2 orders: −$8
Net: −$84.01
Costs to cover: 0.799%
Break-even: never at this rate

Slippage from SunX: live order book, 44 min ago; Bullet: live order book, 61 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 SunX live order book, 44 min ago	28.10 bp	32.1 bp −$32	doesn't fit	doesn't fit	doesn't fit
Sell Bullet live order book, 61 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	−0.0359%	4h	1,380.7	−0.251%	$3.4M	$431K	10x	as long as short
Bullet SKHYNIX-USDshort	0.0000%	1h	1,383.6	−0.041%	$15K	$467K	10x
SunX SKHYNIX-USDTlong	0.0000%	4h	1,384.2	long leg	$1K	$893K	10x
Phemex SKHYNIXUSDT	0.0000%	8h	1,384.2	+0.002%	$1.2M	$770K	10x	as long as short
SoDEX SKHX-USD	+0.0010%	1h	1,384.3	+0.009%	$736	$8K	10x	as long as short
Polymarket Perps SKHYNIX-USD	+0.0050%	1h	1,384.3	+0.009%	$277K	$1.6M	10x	as long as short
Aster SKHYNIXUSD1	+0.0068%	4h	1,382.3	−0.135%	$18.5M	$42.8M	20x	as long as short
tradeXYZ xyz:SKHX	+0.0085%	1h	1,384.9	+0.053%	$346.5M	$186.7M	10x	as long as short
Orderly PERP_SKHYNIX_USDC_mythos	+0.0100%	8h	1,383.4	−0.057%	$5K	$1K	10x	as long as short
Bitget SKHYNIXUSDT	+0.0102%	4h	1,384.7	+0.036%	$24.1M	$26.8M	20x	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	1,384.3	+0.010%	$32K	—	10x	as long as short
ApeX Omni SKHYNIXUSDT	+0.0116%	1h	1,381.8	−0.170%	$144K	$263K	50x	as long as short
Gate SKHYNIX_USDT	+0.0132%	4h	1,385.1	+0.068%	$137.0M	$73.5M	75x	as long as short
HTX SKHYNIX-USDT	+0.0156%	4h	1,384.4	+0.018%	$1.2M	$2.2M	50x	as long as short
KuCoin SKHYNIXUSDTM	+0.0176%	4h	1,383.7	−0.035%	$5.1M	$8.2M	20x	as long as short
BloFin SKHYNIX-USDT	+0.0233%	4h	1,383.8	−0.028%	$2.5M	$4.1M	50x	as long as short
Binance SKHYNIXUSDT	+0.0286%	4h	1,383.8	−0.027%	$353.2M	$739.3M	50x	as long as short
Extended SKHYNIX-USD	+0.0288%	1h	1,383.5	−0.050%	$2.4M	$225K	10x	as long as short
OKX SKHYNIX-USDT-SWAP	+0.0300%	8h	1,384.7	+0.038%	$52.5M	$113.0M	50x	as long as short
Bybit SKHYNIXUSDT	+0.0307%	8h	1,384.9	+0.050%	$20.4M	$36.4M	100x	as long as short
GRVT SKHYNIX_USDT_Perp	+0.0418%	4h	1,381.4	−0.198%	$104K	$208K	10x	as long as short
Pacifica SKHYNIX	+0.0621%	1h	1,384.6	+0.034%	$149K	$407K	10x	as long as short
Aftermath Perps SKHYNIXUSD	+0.0750%	1h	1,384.7	+0.039%	$674	$39K	5x	as long as short