Funding arb · Price arb /

SKHYNIX

RWAall SKHYNIX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0313%/8h= +34.3% APRpaid last 24h +0.001%

Price spread now: Bybit against SunX+0.086%7-day average +0.023% · you sell dearer than you buy

Net, funding: paid 7d − costs−$74as in the Funding arb table

Net, price: spread back to 7d avg − costs−$75as in the Price arb table

costs, in and out, $10k−$810.809% of the position

Long on SunX Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days+0.065%+$6 on $10k

Price spread, last 3 days (all we have)−0.109%−$11 · spread now +0.086%, 7d avg +0.023%

Together, before fees−0.044%−$4 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$9 a day on $10k at the current rate, and Bybit is 0.064% dearer against SunX than usual: you sell high and buy low: +$6 more if the spread goes back to its 7-day average of +0.023%.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.065% in total (about 3.4% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX SKHYNIX-USDT	1,380.7	0	get 0.0000% / 4h	23m 33s	$1K	$894K	10x
Short	Bybit SKHYNIXUSDT	1,381.9	0.0313	get 0.0313% / 8h	23m 33s	$20.3M	$36.3M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now +0.086%Rate

Funding earned: $65.76
Price spread: +0.086% → +0.023%: $6.36
Slippage, 4 orders: −$61.87
Fee SunX: 4 bp × 2 orders: −$8
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$8.75
Costs to cover: 0.809%
Break-even: 7.9 days

Slippage from SunX: live order book, 39 min ago; Bybit: 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 SunX live order book, 39 min ago	28.10 bp	32.1 bp −$32	doesn't fit	doesn't fit	doesn't fit
Sell Bybit live order book, 5 min ago	0.29 bp	6.3 bp −$6	14.4 bp −$144	48.5 bp −$4,850	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	−0.0201%	4h	1,380.6	−0.013%	$3.4M	$430K	10x	as long as short
SoDEX SKHX-USD	−0.0044%	1h	1,381.9	+0.080%	$735	$8K	10x	as long as short
Bullet SKHYNIX-USD	0.0000%	1h	1,380.4	−0.025%	$14K	$467K	10x	as long as short
SunX SKHYNIX-USDTlong	0.0000%	4h	1,380.7	long leg	$1K	$894K	10x
Phemex SKHYNIXUSDT	0.0000%	8h	1,381.2	+0.033%	$1.2M	$770K	10x	as long as short
Aster SKHYNIXUSD1	+0.0047%	4h	1,380.9	+0.010%	$18.5M	$42.7M	20x	as long as short
Polymarket Perps SKHYNIX-USD	+0.0050%	1h	1,381.2	+0.033%	$276K	$1.6M	10x	as long as short
Bitget SKHYNIXUSDT	+0.0078%	4h	1,381.9	+0.083%	$24.0M	$26.7M	20x	as long as short
Orderly PERP_SKHYNIX_USDC_mythos	+0.0100%	8h	1,380.8	+0.001%	$5K	$1K	10x	as long as short
Aevo SKHX-PERP	+0.0104%	1h	1,381.5	+0.053%	$32K	—	10x	as long as short

Show all 23 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate SKHYNIX_USDT	+0.0134%	4h	1,382.2	+0.107%	$136.8M	$73.3M	75x	as long as short
tradeXYZ xyz:SKHX	+0.0140%	1h	1,382.2	+0.106%	$346.5M	$185.9M	10x	as long as short
KuCoin SKHYNIXUSDTM	+0.0150%	4h	1,381.7	+0.071%	$5.1M	$8.2M	20x	as long as short
HTX SKHYNIX-USDT	+0.0152%	4h	1,380.9	+0.014%	$1.2M	$2.2M	50x	as long as short
ApeX Omni SKHYNIXUSDT	+0.0239%	1h	1,382.4	+0.117%	$144K	$263K	50x	as long as short
BloFin SKHYNIX-USDT	+0.0244%	4h	1,380.7	−0.003%	$2.5M	$4.1M	50x	as long as short
Binance SKHYNIXUSDT	+0.0255%	4h	1,380.9	+0.015%	$351.8M	$737.8M	50x	as long as short
Extended SKHYNIX-USD	+0.0256%	1h	1,380.6	−0.008%	$2.4M	$225K	10x	as long as short
OKX SKHYNIX-USDT-SWAP	+0.0310%	8h	1,381.9	+0.084%	$52.4M	$112.8M	50x	as long as short
Bybit SKHYNIXUSDTshort	+0.0313%	8h	1,381.9	+0.086%	$20.3M	$36.3M	100x
GRVT SKHYNIX_USDT_Perp	+0.0454%	4h	1,381.7	+0.070%	$105K	$212K	10x	as long as short
Pacifica SKHYNIX	+0.0621%	1h	1,381.6	+0.061%	$140K	$399K	10x	as long as short
Aftermath Perps SKHYNIXUSD	+0.0736%	1h	1,381	+0.016%	$671	$39K	5x	as long as short