Funding arb · Price arb /

SKHYNIX

RWAall SKHYNIX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0238%/8h= +26.1% APRpaid last 24h +0.018%

Price spread now: OKX against KuCoin+0.095%7-day average +0.020% · you sell dearer than you buy

Net, funding: paid 7d − costs−$28as in the Funding arb table

Net, price: spread back to 7d avg − costs−$28as in the Price arb table

costs, in and out, $10k−$360.358% of the position

Long on KuCoin Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.076%+$8 on $10k

Price spread, last 7 days−0.124%−$12 · spread now +0.095%, 7d avg +0.020%

Together, before fees−0.048%−$5 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$7 a day on $10k at the current rate, and OKX is 0.075% dearer against KuCoin than usual: you sell high and buy low: +$7 more if the spread goes back to its 7-day average of +0.020%.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.076% in total (about 4.0% 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	KuCoin SKHYNIXUSDTM	1,412.7	0.0100	pay 0.0050% / 4h	1h 00m	$5.2M	$8.0M	20x
Short	OKX SKHYNIX-USDT-SWAP	1,414	0.0338	get 0.0338% / 8h	5h 00m	$56.2M	$114.8M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX against KuCoin. 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 KuCoinbpFee OKXbpOrdersPrice spread, now +0.095%Rate

Funding earned: $50.04
Price spread: +0.095% → +0.020%: $7.46
Slippage, 4 orders: −$13.81
Fee KuCoin: 6 bp × 2 orders: −$12
Fee OKX: 5 bp × 2 orders: −$10
Net: $21.69
Costs to cover: 0.358%
Break-even: 4.0 days

Slippage from KuCoin: live order book, 3 min ago; OKX: 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 KuCoin live order book, 3 min ago	0.43 bp	11.4 bp −$11	37.2 bp −$372	doesn't fit	doesn't fit
Sell OKX live order book, 4 min ago	0.35 bp	5.8 bp −$6	7.1 bp −$71	22.6 bp −$2,256	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	−0.0489%	4h	1,411.4	−0.087%	$3.5M	$394K	10x	as long as short
BloFin SKHYNIX-USDT	−0.0032%	4h	1,412.5	−0.011%	$2.7M	$4.1M	50x	as long as short
Aster SKHYNIXUSD1	0.0000%	4h	1,412	−0.047%	$18.9M	$39.8M	20x	as long as short
Extended SKHYNIX-USD	0.0000%	1h	1,412.1	−0.041%	$2.4M	$71K	10x	as long as short
Binance SKHYNIXUSDT	0.0000%	4h	1,413	+0.024%	$350.8M	$750.7M	50x	as long as short
Bybit SKHYNIXUSDT	0.0000%	8h	1,413.9	+0.085%	$20.6M	$32.6M	100x	as long as short
Gate SKHYNIX_USDT	0.0000%	4h	1,413.9	+0.085%	$144.2M	$65.2M	75x	as long as short
GRVT SKHYNIX_USDT_Perp	0.0000%	4h	1,411.6	−0.073%	$102K	$196K	10x	as long as short
SunX SKHYNIX-USDT	0.0000%	4h	1,412.1	−0.038%	$1K	$631K	10x	as long as short
HTX SKHYNIX-USDT	0.0000%	4h	1,413.6	+0.067%	$1.3M	$2.4M	50x	as long as short

Show all 23 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phemex SKHYNIXUSDT	0.0000%	8h	1,412.9	+0.016%	$1.2M	$768K	10x	as long as short
SoDEX SKHX-USD	+0.0050%	1h	1,412.1	−0.040%	$751	$8K	10x	as long as short
Pacifica SKHYNIX	+0.0100%	1h	1,412.6	−0.004%	$127K	$385K	10x	as long as short
KuCoin SKHYNIXUSDTMlong	+0.0100%	4h	1,412.7	long leg	$5.2M	$8.0M	20x
ApeX Omni SKHYNIXUSDT	+0.0100%	1h	1,411.5	−0.080%	$147K	$261K	50x	as long as short
Orderly PERP_SKHYNIX_USDC_mythos	+0.0100%	8h	1,412.9	+0.018%	$5K	$798	10x	as long as short
Aevo SKHX-PERP	+0.0104%	1h	1,413.7	+0.076%	$33K	—	10x	as long as short
tradeXYZ xyz:SKHX	+0.0110%	1h	1,412	−0.047%	$318.5M	$205.5M	10x	as long as short
Bullet SKHYNIX-USD	+0.0146%	1h	1,413.2	+0.038%	$16K	$469K	10x	as long as short
Polymarket Perps SKHYNIX-USD	+0.0165%	1h	1,412.5	−0.011%	$277K	$1.0M	10x	as long as short
Bitget SKHYNIXUSDT	+0.0302%	4h	1,412.5	−0.014%	$23.5M	$26.0M	20x	as long as short
OKX SKHYNIX-USDT-SWAPshort	+0.0338%	8h	1,414	+0.095%	$56.2M	$114.8M	50x
Aftermath Perps SKHYNIXUSD	+0.0408%	1h	1,411.2	−0.100%	$673	$38K	5x	as long as short