Funding arb · Price arb /

SKHYNIX

RWAall SKHYNIX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.1173%/8h= +128.5% APRpaid last 24h +0.076%

Price spread now: Bullet against edgeX+0.058%7-day average +0.013% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$18as in the Price arb table

costs, in and out, $10k−$220.221% of the position

Long on edgeX Short on Bullet

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.048%+$5 on $10k

Price spread, last 4 days (all we have)+0.068%+$7 · spread now +0.058%, 7d avg +0.013%

Together, before fees+0.116%+ Points / potential airdropedgeX: Active · farm board+$12 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$35 a day on $10k at the current rate, and Bullet is 0.045% dearer against edgeX than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of +0.013%.

The current funding rate is far above what this pair has been paying: over the last 3 days it paid 0.048% in total (about 5.3% 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	edgeX SKHYNIXUSDC	1,406.8	−0.0977	get 0.0489% / 4h	1h 24m	$3.5M	$396K	10x
Short	Bullet SKHYNIX-USD	1,407.6	0.0196	get 0.0025% / 1h	24m 48s	$15K	$467K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bullet against edgeX. 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 edgeXbpFee BulletbpOrdersPrice spread, now +0.058%Rate

Funding earned: $246.38
Price spread: +0.058% → +0.013%: $4.52
Slippage, 4 orders: −$5.13
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Bullet: 4 bp × 2 orders: −$8
Net: $228.77
Costs to cover: 0.221%
Break-even: 0.5 days

Slippage from edgeX: live order book, 4 min ago; Bullet: live order book, 39 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 edgeX live order book, 4 min ago	0.35 bp	4.9 bp −$5	5.6 bp −$56	55.6 bp −$5,564	doesn't fit
Sell Bullet live order book, 39 min ago	0.35 bp	6.1 bp −$6	20.1 bp −$201	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 SKHYNIXUSDClong	−0.0977%	4h	1,406.8	long leg	$3.5M	$396K	10x
Aster SKHYNIXUSD1	0.0000%	4h	1,406.7	−0.005%	$18.9M	$39.9M	20x	as long as short
Bybit SKHYNIXUSDT	0.0000%	8h	1,408.1	+0.091%	$20.4M	$33.1M	100x	as long as short
Gate SKHYNIX_USDT	0.0000%	4h	1,408.3	+0.107%	$143.8M	$64.3M	75x	as long as short
GRVT SKHYNIX_USDT_Perp	0.0000%	4h	1,407.3	+0.034%	$102K	$194K	10x	as long as short
SunX SKHYNIX-USDT	0.0000%	4h	1,407.5	+0.050%	$1K	$640K	10x	as long as short
HTX SKHYNIX-USDT	0.0000%	4h	1,407.9	+0.078%	$1.3M	$2.4M	50x	as long as short
Phemex SKHYNIXUSDT	0.0000%	8h	1,407.3	+0.039%	$1.2M	$768K	10x	as long as short
Binance SKHYNIXUSDT	+0.0013%	4h	1,407	+0.015%	$350.7M	$749.4M	50x	as long as short
Extended SKHYNIX-USD	+0.0016%	1h	1,406.3	−0.032%	$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	+0.018%	$749	$8K	10x	as long as short
BloFin SKHYNIX-USDT	+0.0074%	4h	1,407.7	+0.063%	$2.7M	$4.1M	50x	as long as short
Pacifica SKHYNIX	+0.0100%	1h	1,407.4	+0.042%	$126K	$389K	10x	as long as short
KuCoin SKHYNIXUSDTM	+0.0100%	4h	1,406.9	+0.010%	$5.2M	$8.1M	20x	as long as short
ApeX Omni SKHYNIXUSDT	+0.0100%	1h	1,407.6	+0.060%	$147K	$261K	50x	as long as short
Orderly PERP_SKHYNIX_USDC_mythos	+0.0100%	8h	1,407.2	+0.028%	$5K	$798	10x	as long as short
Aevo SKHX-PERP	+0.0104%	1h	1,407.8	+0.074%	$33K	—	10x	as long as short
tradeXYZ xyz:SKHX	+0.0152%	1h	1,406.4	−0.027%	$317.2M	$205.1M	10x	as long as short
Bullet SKHYNIX-USDshort	+0.0196%	1h	1,407.6	+0.058%	$15K	$467K	10x
Polymarket Perps SKHYNIX-USD	+0.0216%	1h	1,407.6	+0.058%	$276K	$1.0M	10x	as long as short
Bitget SKHYNIXUSDT	+0.0332%	4h	1,407.7	+0.062%	$23.4M	$26.0M	20x	as long as short
OKX SKHYNIX-USDT-SWAP	+0.0333%	8h	1,408.4	+0.115%	$55.8M	$114.4M	50x	as long as short
Aftermath Perps SKHYNIXUSD	+0.0564%	1h	1,407.4	+0.043%	$671	$38K	5x	as long as short