Funding arb · Price arb /

SKHYNIX

RWAall SKHYNIX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0706%/8h= −77.3% APRpaid last 24h −0.013%

Price spread now: ApeX Omni against BloFin+0.240%7-day average +0.036% · you sell dearer than you buy

Net, funding: paid 7d − costs−$33as in the Funding arb table

Net, price: spread back to 7d avg − costs−$20as in the Price arb table

costs, in and out, $10k−$400.400% of the position

Long on BloFin Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days+0.071%+$7 on $10k

Price spread, last 4 days (all we have)−0.121%−$12 · spread now +0.240%, 7d avg +0.036%

Together, before fees−0.050%−$5 on $10k · with fees, hour by hour

The price spread pays, funding is against you. ApeX Omni is 0.203% dearer against BloFin than usual: you sell high and buy low (spread +0.240% now, against its 7-day average of +0.036%): +$20 on $10k if it goes back. Holding the pair costs −$21 a day in funding at the current rate, which eats that in about 23 hours. Mind the row above: over the last 7 days funding on this pair paid +0.071%, so the current rate has only just turned against you.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.071% in total (about 3.7% 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	BloFin SKHYNIX-USDT	1,335	−0.0446	get 0.0223% / 4h	3h 34m	$2.5M	$4.0M	50x
Short	ApeX Omni SKHYNIXUSDT	1,338.2	−0.1152	pay 0.0144% / 1h	34m 11s	$139K	$259K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against BloFin. 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 BloFinbpFee ApeX OmnibpOrdersPrice spread, now +0.240%Rate

Funding earned: −$148.25
Price spread: +0.240% → +0.036%: $20.32
Slippage, 4 orders: −$18.03
Fee BloFin: 6 bp × 2 orders: −$12
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$167.95
Costs to cover: 0.400%
Break-even: never at this rate

Slippage from BloFin: live order book, 4 min ago; ApeX Omni: live order book, 63 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 BloFin live order book, 4 min ago	0.04 bp	6.6 bp −$7	7.8 bp −$78	13.5 bp −$1,350	doesn't fit
Sell ApeX Omni live order book, 63 min ago	8.50 bp	13.5 bp −$13	36.5 bp −$365	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
GRVT SKHYNIX_USDT_Perp	−0.4064%	4h	1,337.1	+0.157%	$97K	$226K	10x	as long as short
HTX SKHYNIX-USDT	−0.3123%	4h	1,336.6	+0.123%	$1.2M	$2.6M	50x	as long as short
ApeX Omni SKHYNIXUSDTshort	−0.1152%	1h	1,338.2	+0.240%	$139K	$259K	50x
SunX SKHYNIX-USDT	−0.0893%	4h	1,335.1	+0.006%	$963	$449K	10x	as long as short
edgeX SKHYNIXUSDC	−0.0652%	4h	1,336.1	+0.083%	$3.3M	$429K	10x	as long as short
KuCoin SKHYNIXUSDTM	−0.0552%	4h	1,336.3	+0.095%	$5.1M	$8.3M	20x	as long as short
Binance SKHYNIXUSDT	−0.0482%	4h	1,335.6	+0.046%	$324.4M	$976.9M	50x	as long as short
Extended SKHYNIX-USD	−0.0480%	1h	1,335.6	+0.041%	$2.3M	$85K	10x	as long as short
Bybit SKHYNIXUSDT	−0.0451%	8h	1,335.3	+0.020%	$18.6M	$30.8M	100x	as long as short
BloFin SKHYNIX-USDTlong	−0.0446%	4h	1,335	long leg	$2.5M	$4.0M	50x

Show all 23 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster SKHYNIXUSD1	−0.0253%	4h	1,340.8	+0.433%	$18.2M	$26.4M	20x	as long as short
Bitget SKHYNIXUSDT	−0.0188%	4h	1,335.3	+0.025%	$21.4M	$36.0M	20x	as long as short
Aftermath Perps SKHYNIXUSD	−0.0181%	1h	1,334.4	−0.042%	$679	$35K	5x	as long as short
Gate SKHYNIX_USDT	0.0000%	4h	1,335.9	+0.064%	$138.3M	$75.3M	75x	as long as short
Phemex SKHYNIXUSDT	0.0000%	8h	1,336.7	+0.130%	$1.2M	$779K	10x	as long as short
Polymarket Perps SKHYNIX-USD	+0.0050%	1h	1,330.8	−0.315%	$249K	$974K	10x	as long as short
Orderly PERP_SKHYNIX_USDC_mythos	+0.0100%	8h	1,336	+0.071%	$5K	$1K	10x	as long as short
Aevo SKHX-PERP	+0.0104%	1h	1,334.1	−0.065%	$31K	—	10x	as long as short
Pacifica SKHYNIX	+0.0285%	1h	1,333.9	−0.079%	$100K	$437K	10x	as long as short
OKX SKHYNIX-USDT-SWAP	+0.0349%	8h	1,335.3	+0.022%	$51.8M	$130.5M	50x	as long as short
SoDEX SKHX-USD	+0.0389%	1h	1,334.2	−0.063%	$390	$8K	10x	as long as short
tradeXYZ xyz:SKHX	+0.0725%	1h	1,332.3	−0.202%	$296.1M	$277.5M	10x	as long as short
Bullet SKHYNIX-USD	+0.0938%	1h	1,333.9	−0.082%	$13K	$466K	10x	as long as short