Funding arb · Price arb /

SKHYNIX

RWAall SKHYNIX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC−0.1617%/8h= −177.1% APRpaid last 24h −0.047%

Price spread now: Bullet against Binance+0.006%7-day average +0.024% · you sell dearer than you buy

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

Net, price: spread back to 7d avg − costs−$28as in the Price arb table

costs, in and out, $10k−$260.262% of the position

Long on Binance Short on Bullet

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.080%−$8 on $10k

Price spread, last 4 days (all we have)+0.104%+$10 · spread now +0.006%, 7d avg +0.024%

Together, before fees+0.024%+$2 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.024%, so right now this pair is about funding alone: −$49 a day on $10k at the current rate.

The current funding rate is far above what this pair has been paying: over the last 4 days it paid -0.080% in total (about -8.0% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made; yellow are the hours one leg has not settled yet: what the other leg paid, plus the unsettled leg at its current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance SKHYNIXUSDT	1,359.6	0.0492	pay 0.0246% / 4h	1h 43m	$325.9M	$1.04B	50x
Short	Bullet SKHYNIX-USD	1,359.7	−0.1125	pay 0.0141% / 1h	43m 15s	$15K	$466K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bullet against Binance. 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 BinancebpFee BulletbpOrdersPrice spread, now +0.006%Rate

Funding earned: −$339.58
Price spread: +0.006% → +0.024%: −$1.8
Slippage, 4 orders: −$8.22
Fee Binance: 5 bp × 2 orders: −$10
Fee Bullet: 4 bp × 2 orders: −$8
Net: −$367.6
Costs to cover: 0.262%
Break-even: never at this rate

Slippage from Binance: live order book, 9 min ago; Bullet: live order book, 4 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 Binance live order book, 9 min ago	0.04 bp	5.3 bp −$5	7.5 bp −$75	19.7 bp −$1,966	doesn't fit
Sell Bullet live order book, 4 min ago	1.47 bp	7.3 bp −$7	21.2 bp −$212	doesn't fit	doesn't fit

SKHYNIX on 23 exchanges

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
Bullet SKHYNIX-USDshort	−0.1125%	1h	1,359.7	+0.006%	$15K	$466K	10x
tradeXYZ xyz:SKHX	−0.1031%	1h	1,360.2	+0.043%	$299.7M	$306.0M	10x	as long as short
Polymarket Perps SKHYNIX-USD	−0.0970%	1h	1,360	+0.028%	$242K	$964K	10x	as long as short
SoDEX SKHX-USD	−0.0711%	1h	1,360	+0.029%	$397	$8K	10x	as long as short
edgeX SKHYNIXUSDC	−0.0483%	4h	1,358.5	−0.080%	$3.3M	$431K	10x	as long as short
Aftermath Perps SKHYNIXUSD	−0.0127%	1h	1,359.2	−0.030%	$769	$32K	5x	as long as short
Bybit SKHYNIXUSDT	0.0000%	8h	1,360.4	+0.054%	$18.5M	$33.1M	100x	as long as short
OKX SKHYNIX-USDT-SWAP	0.0000%	8h	1,360	+0.028%	$51.0M	$149.4M	50x	as long as short
SunX SKHYNIX-USDT	0.0000%	4h	1,358.5	−0.080%	$777	$421K	10x	as long as short
Phemex SKHYNIXUSDT	0.0000%	8h	1,359.9	+0.021%	$1.2M	$786K	10x	as long as short

Show all 23 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate SKHYNIX_USDT	+0.0058%	4h	1,360.6	+0.072%	$138.8M	$79.5M	75x	as long as short
Pacifica SKHYNIX	+0.0100%	1h	1,359.9	+0.021%	$125K	$476K	10x	as long as short
KuCoin SKHYNIXUSDTM	+0.0100%	4h	1,359.2	−0.032%	$5.1M	$8.4M	20x	as long as short
Orderly PERP_SKHYNIX_USDC_mythos	+0.0100%	8h	1,359.5	−0.007%	$5K	$1K	10x	as long as short
Aevo SKHX-PERP	+0.0104%	1h	1,360.4	+0.058%	$32K	—	10x	as long as short
Aster SKHYNIXUSD1	+0.0165%	4h	1,359.9	+0.019%	$18.2M	$22.8M	20x	as long as short
Bitget SKHYNIXUSDT	+0.0378%	4h	1,360.3	+0.051%	$21.9M	$39.4M	20x	as long as short
BloFin SKHYNIX-USDT	+0.0454%	4h	1,359.6	−0.001%	$2.5M	$4.2M	50x	as long as short
Binance SKHYNIXUSDTlong	+0.0492%	4h	1,359.6	long leg	$325.9M	$1.04B	50x
Extended SKHYNIX-USD	+0.0496%	1h	1,359.2	−0.033%	$2.3M	$85K	10x	as long as short
ApeX Omni SKHYNIXUSDT	+0.1009%	1h	1,359	−0.043%	$147K	$263K	50x	as long as short
HTX SKHYNIX-USDT	+0.1225%	4h	1,359.1	−0.037%	$1.3M	$3.0M	50x	as long as short
GRVT SKHYNIX_USDT_Perp	+0.1830%	4h	1,362.1	+0.182%	$99K	$209K	10x	as long as short