Funding you earn now, next payment 09:00 UTC−0.1477%/8h= −161.7% APRpaid last 24h −0.029%
Price spread now: Phemex against tradeXYZ+0.094%7-day average +0.030% · you sell dearer than you buy
Net, funding: paid 7d − costs−$158as in the Funding arb table
Net, price: spread back to 7d avg − costs−$118as in the Price arb table
costs, in and out, $10k−$1241.240% of the position
Funding, last 7 days−0.337%−$34 on $10k
+Price spread, last 4 days (all we have)−0.094%−$9 · spread now +0.094%, 7d avg +0.030%
=Together, before fees−0.431%+ Points / potential airdroptradeXYZ: Active · farm board−$43 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Phemex is 0.064% dearer against tradeXYZ than usual: you sell high and buy low (spread +0.094% now, against its 7-day average of +0.030%): +$6 on $10k if it goes back. Holding the pair costs −$44 a day in funding at the current rate, which eats that in about 3 hours. At the pace of the last 7 days (−0.337% in total) that is about 32 hours.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.337% in total (about -17.6% 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 | tradeXYZ xyz:SKHX | 1,346.2 | 0.1477 | pay 0.0185% / 1h | 59m 18s | $295.5M | $270.0M | 10x |
| Short | Phemex SKHYNIXUSDT | 1,347.5 | 0 | get 0.0000% / 8h | 7h 59m | $1.2M | $781K | 10x |
tradeXYZ xyz:SKHX
Phemex SKHYNIXUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phemex against tradeXYZ. 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
- −$310.11
- Price spread: +0.094% → +0.030%
- $6.41
- Slippage, 4 orders
- −$94.04
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$427.74
- Costs to cover
- 1.240%
- Break-even
- never at this rate
Slippage from tradeXYZ: live order book, 11 min ago; Phemex: live order book, 3 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 tradeXYZ live order book, 11 min ago | 0.37 bp | 9.4 bp −$9 | 10.9 bp −$109 | doesn't fit | doesn't fit |
| Sell Phemex live order book, 3 min ago | 1.04 bp | 50.2 bp −$50 | doesn't fit | 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 | −0.0170% | 4h | 1,348.8 | +0.194% | $3.3M | $431K | 10x | as long as short |
| Aftermath Perps SKHYNIXUSD | −0.0067% | 1h | 1,348.8 | +0.193% | $777 | $35K | 5x | as long as short |
| HTX SKHYNIX-USDT | −0.0042% | 4h | 1,349 | +0.205% | $1.3M | $2.5M | 50x | as long as short |
| BloFin SKHYNIX-USDT | −0.0001% | 4h | 1,347.6 | +0.100% | $2.5M | $4.1M | 50x | as long as short |
| Aster SKHYNIXUSD1 | 0.0000% | 4h | 1,350.1 | +0.289% | $18.4M | $27.8M | 20x | as long as short |
| Extended SKHYNIX-USD | 0.0000% | 1h | 1,348 | +0.137% | $2.3M | $78K | 10x | as long as short |
| Binance SKHYNIXUSDT | 0.0000% | 4h | 1,348.2 | +0.145% | $328.6M | $959.6M | 50x | as long as short |
| Bybit SKHYNIXUSDT | 0.0000% | 8h | 1,348.1 | +0.144% | $19.0M | $30.8M | 100x | as long as short |
| Gate SKHYNIX_USDT | 0.0000% | 4h | 1,348.3 | +0.154% | $140.3M | $73.3M | 75x | as long as short |
| Bitget SKHYNIXUSDT | 0.0000% | 4h | 1,348.2 | +0.151% | $21.9M | $34.8M | 20x | as long as short |
edgeX SKHYNIXUSDC
Aftermath Perps SKHYNIXUSD
HTX SKHYNIX-USDT
BloFin SKHYNIX-USDT
Aster SKHYNIXUSD1
Extended SKHYNIX-USD
Binance SKHYNIXUSDT
Bybit SKHYNIXUSDT
Gate SKHYNIX_USDT
Bitget SKHYNIXUSDTShow all 23 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| GRVT SKHYNIX_USDT_Perp | 0.0000% | 4h | 1,349.2 | +0.224% | $98K | $224K | 10x | as long as short |
| SunX SKHYNIX-USDT | 0.0000% | 4h | 1,348.7 | +0.182% | $1K | $469K | 10x | as long as short |
| Phemex SKHYNIXUSDTshort | 0.0000% | 8h | 1,347.5 | +0.094% | $1.2M | $781K | 10x | |
| Polymarket Perps SKHYNIX-USD | +0.0050% | 1h | 1,342.6 | −0.267% | $251K | $974K | 10x | as long as short |
| KuCoin SKHYNIXUSDTM | +0.0088% | 4h | 1,347.7 | +0.108% | $5.0M | $8.2M | 20x | as long as short |
| Pacifica SKHYNIX | +0.0100% | 1h | 1,348.7 | +0.186% | $102K | $433K | 10x | as long as short |
| ApeX Omni SKHYNIXUSDT | +0.0100% | 1h | 1,349.6 | +0.249% | $141K | $259K | 50x | as long as short |
| Orderly PERP_SKHYNIX_USDC_mythos | +0.0100% | 8h | 1,349.4 | +0.239% | $5K | $1K | 10x | as long as short |
| Aevo SKHX-PERP | +0.0104% | 1h | 1,348.1 | +0.143% | $32K | — | 10x | as long as short |
| OKX SKHYNIX-USDT-SWAP | +0.0428% | 8h | 1,347.8 | +0.119% | $52.3M | $130.7M | 50x | as long as short |
| SoDEX SKHX-USD | +0.1201% | 1h | 1,347.4 | +0.089% | $237 | $8K | 10x | as long as short |
| tradeXYZ xyz:SKHXlong | +0.1477% | 1h | 1,346.2 | long leg | $295.5M | $270.0M | 10x | |
| Bullet SKHYNIX-USD | +0.1675% | 1h | 1,347.4 | +0.086% | $14K | $468K | 10x | as long as short |
GRVT SKHYNIX_USDT_Perp
SunX SKHYNIX-USDT
Polymarket Perps SKHYNIX-USD
KuCoin SKHYNIXUSDTM
Pacifica SKHYNIX
ApeX Omni SKHYNIXUSDT
Orderly PERP_SKHYNIX_USDC_mythos
Aevo SKHX-PERP
OKX SKHYNIX-USDT-SWAP
SoDEX SKHX-USD
Bullet SKHYNIX-USD