Funding you earn now, next payment 04:00 UTC−0.0238%/8h= −26.1% APRpaid last 24h −0.049%
Price spread now: ApeX Omni against OKX−0.024%50s7-day average +0.013% · you buy dearer than you sell
Net, funding: paid 7d − costs−$33as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$350.351% of the position
Funding, last 7 days+0.022%+$2 on $10k
+Price spread, last 4 days (all we have)+0.198%+$20 · spread now −0.024%, 7d avg +0.013%
=Both sides work against this trade now: funding costs −$7 a day on $10k at the current rate, and ApeX Omni is 0.037% cheaper against OKX than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of +0.013%). Swap the legs. The two prices were read 50 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.022% in total (about 1.2% 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 | OKX SKHYNIX-USDT-SWAP | 1,411.1 | 0.0338 | pay 0.0338% / 8h | 4h 32m | $55.9M | $114.4M | 50x |
| Short | ApeX Omni SKHYNIXUSDT | 1,410.8 | 0.0100 | get 0.0013% / 1h | 32m 45s | $147K | $260K | 50x |
OKX SKHYNIX-USDT-SWAP
ApeX Omni SKHYNIXUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
ApeX Omni against OKX. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$50.08
- Price spread: −0.024% → +0.013%
- −$3.69
- Slippage, 4 orders
- −$15.06
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee ApeX Omni: 5 bp × 2 orders
- −$10
- Net
- −$88.83
- Costs to cover
- 0.351%
- Break-even
- never at this rate
Slippage from OKX: live order book, 1 min ago; ApeX Omni: live order book, 24 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 OKX live order book, 1 min ago | 0.35 bp | 5.9 bp −$6 | 7.3 bp −$73 | 16.5 bp −$1,651 | doesn't fit |
| Sell ApeX Omni live order book, 24 min ago | 6.55 bp | 11.6 bp −$12 | 34.8 bp −$348 | 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 SKHYNIXUSDC | −0.0760% | 4h | 1,410.1 | −0.069% | $3.5M | $373K | 10x | as long as short |
| BloFin SKHYNIX-USDT | −0.0004% | 4h | 1,410.5 | −0.040% | $2.7M | $4.1M | 50x | as long as short |
| Aster SKHYNIXUSD1 | 0.0000% | 4h | 1,410.1 | −0.074% | $18.8M | $39.8M | 20x | as long as short |
| Extended SKHYNIX-USD | 0.0000% | 1h | 1,409.9 | −0.084% | $2.4M | $71K | 10x | as long as short |
| Binance SKHYNIXUSDT | 0.0000% | 4h | 1,410.4 | −0.053% | $349.6M | $750.7M | 50x | as long as short |
| Bybit SKHYNIXUSDT | 0.0000% | 8h | 1,411.2 | +0.010% | $20.5M | $31.9M | 100x | as long as short |
| Gate SKHYNIX_USDT | 0.0000% | 4h | 1,411.3 | +0.014% | $143.2M | $64.5M | 75x | as long as short |
| GRVT SKHYNIX_USDT_Perp | 0.0000% | 4h | 1,410.8 | −0.025% | $101K | $198K | 10x | as long as short |
| SunX SKHYNIX-USDT | 0.0000% | 4h | 1,409.7 | −0.101% | $1K | $617K | 10x | as long as short |
| HTX SKHYNIX-USDT | 0.0000% | 4h | 1,410.5 | −0.046% | $1.3M | $2.4M | 50x | as long as short |
edgeX SKHYNIXUSDC
BloFin SKHYNIX-USDT
Aster SKHYNIXUSD1
Extended SKHYNIX-USD
Binance SKHYNIXUSDT
Bybit SKHYNIXUSDT
Gate SKHYNIX_USDT
GRVT SKHYNIX_USDT_Perp
SunX SKHYNIX-USDT
HTX SKHYNIX-USDTShow all 23 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Phemex SKHYNIXUSDT | 0.0000% | 8h | 1,410.4 | −0.050% | $1.2M | $766K | 10x | as long as short |
| Bullet SKHYNIX-USD | +0.0024% | 1h | 1,410.9 | −0.013% | $15K | $470K | 10x | as long as short |
| tradeXYZ xyz:SKHX | +0.0050% | 1h | 1,409.7 | −0.099% | $317.3M | $208.5M | 10x | as long as short |
| Polymarket Perps SKHYNIX-USD | +0.0050% | 1h | 1,411.1 | 0.000% | $276K | $1.0M | 10x | as long as short |
| SoDEX SKHX-USD | +0.0050% | 1h | 1,410.2 | −0.061% | $750 | $8K | 10x | as long as short |
| Pacifica SKHYNIX | +0.0100% | 1h | 1,410.4 | −0.050% | $128K | $386K | 10x | as long as short |
| KuCoin SKHYNIXUSDTM | +0.0100% | 4h | 1,410.1 | −0.074% | $5.2M | $8.1M | 20x | as long as short |
| ApeX Omni SKHYNIXUSDTshort | +0.0100% | 1h | 1,410.8 | −0.024% | $147K | $260K | 50x | |
| Orderly PERP_SKHYNIX_USDC_mythos | +0.0100% | 8h | 1,410.7 | −0.030% | $5K | $798 | 10x | as long as short |
| Aevo SKHX-PERP | +0.0104% | 1h | 1,411.4 | +0.019% | $33K | — | 10x | as long as short |
| Bitget SKHYNIXUSDT | +0.0244% | 4h | 1,410.9 | −0.013% | $23.4M | $26.1M | 20x | as long as short |
| Aftermath Perps SKHYNIXUSD | +0.0305% | 1h | 1,410.4 | −0.048% | $672 | $38K | 5x | as long as short |
| OKX SKHYNIX-USDT-SWAPlong | +0.0338% | 8h | 1,411.1 | long leg | $55.9M | $114.4M | 50x |
Phemex SKHYNIXUSDT
Bullet SKHYNIX-USD
tradeXYZ xyz:SKHX
Polymarket Perps SKHYNIX-USD
SoDEX SKHX-USD
Pacifica SKHYNIX
KuCoin SKHYNIXUSDTM
Orderly PERP_SKHYNIX_USDC_mythos
Aevo SKHX-PERP
Bitget SKHYNIXUSDT
Aftermath Perps SKHYNIXUSD