Funding you earn now, next payment 04:00 UTC−0.0230%/8h= −25.2% APRnext payment −$1.15 per $10,000 · paid last 24h −0.032%
Price spread now: KuCoin against Bitget−0.065%7-day average −0.041% · you buy dearer than you sell
Net, funding: paid 7d − costs−$53as in the Funding arb table
Net, price: spread back to 7d avg − costs−$44as in the Price arb table
costs, in and out, $10k−$420.418% of the position
Funding, last 7 days−0.108%−$11 on $10k
+Price spread, last 7 days+0.056%+$6 · spread now −0.065%, 7d avg −0.041%
=Both sides work against this trade now: funding costs −$7 a day on $10k at the current rate, and KuCoin is 0.025% cheaper against Bitget than usual: you would sell low and buy high (−$2 if the spread goes back to its 7-day average of −0.041%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.108% in total (about -5.6% a year). A funding rate is set anew for every payment; at this rate the next one is about −$1.15 per $10,000. 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 | 1,408.4 | 0.0330 | pay 0.0165% / 4h | 1h 24m | $23.4M | $26.0M | 20x |
| Short | KuCoin SKHYNIXUSDTM | 1,407.4 | 0.0100 | get 0.0050% / 4h | 1h 24m | $5.2M | $8.1M | 20x |
Funding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin against Bitget. 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
- −$48.3
- Price spread: −0.065% → −0.041%
- −$2.47
- Slippage, 4 orders
- −$17.79
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$92.56
- Costs to cover
- 0.418%
- Break-even
- never at this rate
Slippage from Bitget: live order book, 4 min ago; KuCoin: 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 Bitget live order book, 4 min ago | 0.39 bp | 7.1 bp −$7 | 15.1 bp −$151 | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 4 min ago | 0.43 bp | 9.8 bp −$10 | 35.1 bp −$351 | 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 | −0.0977% | 4h | 1,406.8 | −0.111% | $3.5M | $396K | 10x | as long as short |
| Aster SKHYNIXUSD1 | 0.0000% | 4h | 1,407.2 | −0.079% | $18.9M | $39.9M | 20x | as long as short |
| Bybit SKHYNIXUSDT | 0.0000% | 8h | 1,408.5 | +0.008% | $20.4M | $33.0M | 100x | as long as short |
| Gate SKHYNIX_USDT | 0.0000% | 4h | 1,408.6 | +0.021% | $143.8M | $64.3M | 75x | as long as short |
| GRVT SKHYNIX_USDT_Perp | 0.0000% | 4h | 1,407.3 | −0.077% | $102K | $194K | 10x | as long as short |
| SunX SKHYNIX-USDT | 0.0000% | 4h | 1,407.5 | −0.061% | $1K | $640K | 10x | as long as short |
| HTX SKHYNIX-USDT | 0.0000% | 4h | 1,407.9 | −0.033% | $1.3M | $2.4M | 50x | as long as short |
| Phemex SKHYNIXUSDT | 0.0000% | 8h | 1,407.3 | −0.072% | $1.2M | $768K | 10x | as long as short |
| Binance SKHYNIXUSDT | +0.0013% | 4h | 1,407.6 | −0.054% | $350.9M | $749.4M | 50x | as long as short |
| Extended SKHYNIX-USD | +0.0016% | 1h | 1,406.8 | −0.112% | $2.4M | $71K | 10x | as long as short |
Show all 23 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| SoDEX SKHX-USD | +0.0050% | 1h | 1,407 | −0.094% | $749 | $8K | 10x | as long as short |
| BloFin SKHYNIX-USDT | +0.0074% | 4h | 1,407.7 | −0.048% | $2.7M | $4.1M | 50x | as long as short |
| Pacifica SKHYNIX | +0.0100% | 1h | 1,407.4 | −0.069% | $126K | $389K | 10x | as long as short |
| KuCoin SKHYNIXUSDTMshort | +0.0100% | 4h | 1,407.4 | −0.065% | $5.2M | $8.1M | 20x | |
| ApeX Omni SKHYNIXUSDT | +0.0100% | 1h | 1,407.6 | −0.052% | $147K | $261K | 50x | as long as short |
| Orderly PERP_SKHYNIX_USDC_mythos | +0.0100% | 8h | 1,407.1 | −0.089% | $5K | $798 | 10x | as long as short |
| Aevo SKHX-PERP | +0.0104% | 1h | 1,408.3 | −0.006% | $33K | — | 10x | as long as short |
| tradeXYZ xyz:SKHX | +0.0154% | 1h | 1,406.8 | −0.110% | $317.3M | $205.1M | 10x | as long as short |
| Bullet SKHYNIX-USD | +0.0196% | 1h | 1,407.8 | −0.039% | $14K | $467K | 10x | as long as short |
| Polymarket Perps SKHYNIX-USD | +0.0214% | 1h | 1,407.1 | −0.089% | $276K | $1.0M | 10x | as long as short |
| Bitget SKHYNIXUSDTlong | +0.0330% | 4h | 1,408.4 | long leg | $23.4M | $26.0M | 20x | |
| OKX SKHYNIX-USDT-SWAP | +0.0335% | 8h | 1,409.1 | +0.053% | $55.8M | $114.4M | 50x | as long as short |
| Aftermath Perps SKHYNIXUSD | +0.0557% | 1h | 1,407.1 | −0.086% | $671 | $38K | 5x | as long as short |
Bitget SKHYNIXUSDT
KuCoin SKHYNIXUSDTM
edgeX SKHYNIXUSDC
Aster SKHYNIXUSD1
Bybit SKHYNIXUSDT
Gate SKHYNIX_USDT
GRVT SKHYNIX_USDT_Perp
SunX SKHYNIX-USDT
HTX SKHYNIX-USDT
Phemex SKHYNIXUSDT
Binance SKHYNIXUSDT
Extended SKHYNIX-USD
SoDEX SKHX-USD
BloFin SKHYNIX-USDT
Pacifica SKHYNIX
ApeX Omni SKHYNIXUSDT
tradeXYZ xyz:SKHX
Bullet SKHYNIX-USD
Polymarket Perps SKHYNIX-USD
OKX SKHYNIX-USDT-SWAP
Aftermath Perps SKHYNIXUSD