Funding arb · Price arb /

SKHYNIX

RWAall SKHYNIX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.1136%/8h= −124.3% APRpaid last 24h +0.041%

Price spread now: Bybit against Bullet−0.024%7-day average +0.014% · 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−$33as in the Price arb table

costs, in and out, $10k−$300.295% of the position

Long on Bullet Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.049%−$5 on $10k

Price spread, last 4 days (all we have)−0.581%−$58 · spread now −0.024%, 7d avg +0.014%

Together, before fees−0.629%−$63 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$34 a day on $10k at the current rate, and Bybit is 0.038% cheaper against Bullet than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of +0.014%). Swap the legs.

The current funding rate is far above what this pair has been paying: over the last 4 days it paid -0.049% in total (about -5.0% 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	Bullet SKHYNIX-USD	1,349.3	0.1136	pay 0.0142% / 1h	5m 57s	$15K	$467K	10x
Short	Bybit SKHYNIXUSDT	1,349	0	get 0.0000% / 8h	5m 57s	$19.0M	$30.9M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now −0.024%Rate

Funding earned: −$238.46
Price spread: −0.024% → +0.014%: −$3.84
Slippage, 4 orders: −$10.52
Fee Bullet: 4 bp × 2 orders: −$8
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$271.82
Costs to cover: 0.295%
Break-even: never at this rate

Slippage from Bullet: live order book, 33 min ago; Bybit: 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, 33 min ago	1.48 bp	7.3 bp −$7	21.3 bp −$213	doesn't fit	doesn't fit
Sell Bybit live order book, 3 min ago	0.07 bp	7.0 bp −$7	10.4 bp −$104	41.9 bp −$4,188	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	−0.0395%	4h	1,349.8	+0.038%	$3.3M	$429K	10x	as long as short
Aftermath Perps SKHYNIXUSD	−0.0060%	1h	1,349.2	−0.010%	$689	$35K	5x	as long as short
BloFin SKHYNIX-USDT	−0.0045%	4h	1,350.1	+0.055%	$2.5M	$4.1M	50x	as long as short
Aster SKHYNIXUSD1	0.0000%	4h	1,351	+0.122%	$18.4M	$28.9M	20x	as long as short
Extended SKHYNIX-USD	0.0000%	1h	1,349.2	−0.006%	$2.3M	$78K	10x	as long as short
Binance SKHYNIXUSDT	0.0000%	4h	1,349.6	+0.019%	$328.9M	$957.3M	50x	as long as short
Bybit SKHYNIXUSDTshort	0.0000%	8h	1,349	−0.024%	$19.0M	$30.9M	100x
Gate SKHYNIX_USDT	0.0000%	4h	1,349.9	+0.042%	$140.3M	$77.5M	75x	as long as short
Bitget SKHYNIXUSDT	0.0000%	4h	1,349.5	+0.015%	$21.8M	$34.6M	20x	as long as short
GRVT SKHYNIX_USDT_Perp	0.0000%	4h	1,350.3	+0.074%	$98K	$222K	10x	as long as short

Show all 23 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX SKHYNIX-USDT	0.0000%	4h	1,350.1	+0.058%	$967	$469K	10x	as long as short
HTX SKHYNIX-USDT	0.0000%	4h	1,351.4	+0.152%	$1.3M	$2.5M	50x	as long as short
Phemex SKHYNIXUSDT	0.0000%	8h	1,349.4	+0.006%	$1.2M	$781K	10x	as long as short
Pacifica SKHYNIX	+0.0100%	1h	1,349.5	+0.012%	$102K	$433K	10x	as long as short
KuCoin SKHYNIXUSDTM	+0.0100%	4h	1,348.9	−0.029%	$5.0M	$8.2M	20x	as long as short
ApeX Omni SKHYNIXUSDT	+0.0100%	1h	1,350.1	+0.055%	$141K	$259K	50x	as long as short
Orderly PERP_SKHYNIX_USDC_mythos	+0.0100%	8h	1,349.9	+0.045%	$5K	$1K	10x	as long as short
Aevo SKHX-PERP	+0.0104%	1h	1,350.3	+0.070%	$32K	—	10x	as long as short
OKX SKHYNIX-USDT-SWAP	+0.0398%	8h	1,348.8	−0.037%	$52.2M	$131.2M	50x	as long as short
SoDEX SKHX-USD	+0.0823%	1h	1,349.1	−0.019%	$235	$8K	10x	as long as short
tradeXYZ xyz:SKHX	+0.0877%	1h	1,348	−0.097%	$295.8M	$269.4M	10x	as long as short
Polymarket Perps SKHYNIX-USD	+0.1081%	1h	1,349.2	−0.008%	$252K	$974K	10x	as long as short
Bullet SKHYNIX-USDlong	+0.1136%	1h	1,349.3	long leg	$15K	$467K	10x