Funding arb · Price arb /

SKHYNIX

RWAall SKHYNIX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0167%/8h= +18.3% APRpaid last 24h +0.086%

Price spread now: BloFin against Bullet−0.127%48s7-day average −0.001% · 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—prices read too far apart to compare

costs, in and out, $10k−$250.249% of the position

Long on Bullet Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.103%+$10 on $10k

Price spread, last 3 days (all we have)+0.102%+$10 · spread now −0.127%, 7d avg −0.001%

Together, before fees+0.205%+$20 on $10k · with fees, hour by hour

Funding pays, the price is against you. BloFin is 0.126% cheaper against Bullet than usual: you would sell low and buy high (spread −0.127% now, against its 7-day average of −0.001%). If the spread goes back, that is −$13 on $10k: about 2.5 days of funding at the current rate (+$5 a day). The two prices were read 48 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bullet SKHYNIX-USD	1,413.8	0	get 0.0000% / 1h	0m 16s	$15K	$467K	10x
Short	BloFin SKHYNIX-USDT	1,412	0.0167	get 0.0084% / 4h	3h 00m	$2.6M	$4.2M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against Bullet. 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 BulletbpFee BloFinbpOrdersPrice spread, now −0.127%Rate

Funding earned: $35.13
Price spread: −0.127% → −0.001%: −$12.56
Slippage, 4 orders: −$4.85
Fee Bullet: 4 bp × 2 orders: −$8
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$2.28
Costs to cover: 0.249%
Break-even: 7.5 days

Slippage from Bullet: live order book, 9 min ago; BloFin: 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 Bullet live order book, 9 min ago	0.35 bp	6.2 bp −$6	20.1 bp −$201	doesn't fit	doesn't fit
Sell BloFin live order book, 3 min ago	0.04 bp	6.0 bp −$6	6.7 bp −$67	10.1 bp −$1,014	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	−0.0718%	4h	1,412.8	−0.072%	$3.5M	$435K	10x	as long as short
Bybit SKHYNIXUSDT	0.0000%	8h	1,414.5	+0.048%	$20.6M	$33.1M	100x	as long as short
Gate SKHYNIX_USDT	0.0000%	4h	1,414.7	+0.066%	$143.2M	$65.4M	75x	as long as short
GRVT SKHYNIX_USDT_Perp	0.0000%	4h	1,415	+0.082%	$103K	$198K	10x	as long as short
Bullet SKHYNIX-USDlong	0.0000%	1h	1,413.8	long leg	$15K	$467K	10x
SunX SKHYNIX-USDT	0.0000%	4h	1,413.8	+0.003%	$930	$713K	10x	as long as short
HTX SKHYNIX-USDT	0.0000%	4h	1,414	+0.013%	$1.3M	$2.2M	50x	as long as short
Phemex SKHYNIXUSDT	0.0000%	8h	1,413.6	−0.014%	$1.2M	$769K	10x	as long as short
Polymarket Perps SKHYNIX-USD	+0.0050%	1h	1,414.4	+0.042%	$294K	$927K	10x	as long as short
SoDEX SKHX-USD	+0.0050%	1h	1,413.2	−0.044%	$752	$8K	10x	as long as short

Show all 23 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster SKHYNIXUSD1	+0.0086%	4h	1,413.6	−0.013%	$18.9M	$41.9M	20x	as long as short
tradeXYZ xyz:SKHX	+0.0086%	1h	1,413.1	−0.050%	$330.5M	$192.4M	10x	as long as short
KuCoin SKHYNIXUSDTM	+0.0100%	4h	1,412.9	−0.064%	$5.2M	$8.2M	20x	as long as short
ApeX Omni SKHYNIXUSDT	+0.0100%	1h	1,412.7	−0.076%	$147K	$262K	50x	as long as short
Orderly PERP_SKHYNIX_USDC_mythos	+0.0100%	8h	1,413.1	−0.047%	$5K	$798	10x	as long as short
Aevo SKHX-PERP	+0.0104%	1h	1,414.1	+0.018%	$33K	—	10x	as long as short
BloFin SKHYNIX-USDTshort	+0.0167%	4h	1,412	−0.127%	$2.6M	$4.2M	50x
Extended SKHYNIX-USD	+0.0216%	1h	1,413	−0.055%	$2.4M	$182K	10x	as long as short
Binance SKHYNIXUSDT	+0.0217%	4h	1,413.3	−0.032%	$354.5M	$741.8M	50x	as long as short
Bitget SKHYNIXUSDT	+0.0254%	4h	1,413.8	+0.001%	$24.0M	$25.2M	20x	as long as short
OKX SKHYNIX-USDT-SWAP	+0.0274%	8h	1,414.3	+0.035%	$54.6M	$111.1M	50x	as long as short
Pacifica SKHYNIX	+0.0467%	1h	1,413.8	0.000%	$135K	$385K	10x	as long as short
Aftermath Perps SKHYNIXUSD	+0.2049%	1h	1,413.2	−0.043%	$704	$38K	5x	as long as short