Funding arb · Price arb /

SKHYNIX

RWAall SKHYNIX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0300%/8h= −32.8% APRpaid last 24h −0.073%

Price spread now: Bullet against Bitget−0.047%7-day average −0.022% · 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−$32as in the Price arb table

costs, in and out, $10k−$290.294% of the position

Long on Bitget Short on Bullet

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.073%−$7 on $10k

Price spread, last 3 days (all we have)+0.109%+$11 · spread now −0.047%, 7d avg −0.022%

Together, before fees+0.036%+$4 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$9 a day on $10k at the current rate, and Bullet is 0.024% cheaper against Bitget than usual: you would sell low and buy high (−$2 if the spread goes back to its 7-day average of −0.022%). Swap the legs.

The current funding rate is far above what this pair has been paying: over the last 3 days it paid -0.073% in total (about -8.2% 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	Bitget SKHYNIXUSDT	1,418.6	0.0300	pay 0.0150% / 4h	3h 22m	$24.4M	$25.5M	20x
Short	Bullet SKHYNIX-USD	1,417.9	0	get 0.0000% / 1h	22m 06s	$15K	$468K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bullet against Bitget. 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 BitgetbpFee BulletbpOrdersPrice spread, now −0.047%Rate

Funding earned: −$63
Price spread: −0.047% → −0.022%: −$2.43
Slippage, 4 orders: −$9.42
Fee Bitget: 6 bp × 2 orders: −$12
Fee Bullet: 4 bp × 2 orders: −$8
Net: −$94.85
Costs to cover: 0.294%
Break-even: never at this rate

Slippage from Bitget: live order book, 2 min ago; Bullet: live order book, 52 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 Bitget live order book, 2 min ago	0.46 bp	8.9 bp −$9	17.3 bp −$173	doesn't fit	doesn't fit
Sell Bullet live order book, 52 min ago	0.36 bp	6.2 bp −$6	20.5 bp −$205	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	−0.0431%	4h	1,415.6	−0.208%	$3.5M	$444K	10x	as long as short
Bybit SKHYNIXUSDT	0.0000%	8h	1,419	+0.028%	$20.7M	$33.4M	100x	as long as short
Gate SKHYNIX_USDT	0.0000%	4h	1,419.1	+0.035%	$144.1M	$64.2M	75x	as long as short
GRVT SKHYNIX_USDT_Perp	0.0000%	4h	1,416.4	−0.155%	$103K	$198K	10x	as long as short
Bullet SKHYNIX-USDshort	0.0000%	1h	1,417.9	−0.047%	$15K	$468K	10x
SunX SKHYNIX-USDT	0.0000%	4h	1,417.3	−0.090%	$907	$758K	10x	as long as short
HTX SKHYNIX-USDT	0.0000%	4h	1,419.3	+0.051%	$1.3M	$2.2M	50x	as long as short
Phemex SKHYNIXUSDT	0.0000%	8h	1,418	−0.037%	$1.2M	$769K	10x	as long as short
Polymarket Perps SKHYNIX-USD	+0.0050%	1h	1,417.7	−0.061%	$295K	$936K	10x	as long as short
SoDEX SKHX-USD	+0.0050%	1h	1,417.2	−0.099%	$754	$8K	10x	as long as short

Show all 23 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
tradeXYZ xyz:SKHX	+0.0096%	1h	1,417.3	−0.089%	$335.1M	$190.3M	10x	as long as short
ApeX Omni SKHYNIXUSDT	+0.0100%	1h	1,417.7	−0.058%	$148K	$262K	50x	as long as short
Orderly PERP_SKHYNIX_USDC_mythos	+0.0100%	8h	1,417.7	−0.060%	$5K	$798	10x	as long as short
Aevo SKHX-PERP	+0.0104%	1h	1,418	−0.041%	$33K	—	10x	as long as short
KuCoin SKHYNIXUSDTM	+0.0180%	4h	1,417.4	−0.079%	$5.2M	$8.2M	20x	as long as short
Aster SKHYNIXUSD1	+0.0205%	4h	1,418.2	−0.024%	$18.9M	$42.3M	20x	as long as short
OKX SKHYNIX-USDT-SWAP	+0.0294%	8h	1,419.1	+0.038%	$54.1M	$110.3M	50x	as long as short
Bitget SKHYNIXUSDTlong	+0.0300%	4h	1,418.6	long leg	$24.4M	$25.5M	20x
Binance SKHYNIXUSDT	+0.0350%	4h	1,418.4	−0.011%	$355.0M	$740.0M	50x	as long as short
Extended SKHYNIX-USD	+0.0352%	1h	1,417.7	−0.058%	$2.4M	$189K	10x	as long as short
BloFin SKHYNIX-USDT	+0.0365%	4h	1,416.2	−0.170%	$2.5M	$4.2M	50x	as long as short
Pacifica SKHYNIX	+0.0467%	1h	1,417.5	−0.075%	$140K	$380K	10x	as long as short
Aftermath Perps SKHYNIXUSD	+0.2959%	1h	1,414	−0.319%	$704	$39K	5x	as long as short