Funding arb · Price arb /

SKHYNIX

RWAall SKHYNIX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h +0.075%

Price spread now: Aster against Orderly−0.053%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Orderly Short on Aster

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropAster: Stage 5 · farm boardneeds both histories

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Aster is 0.053% cheaper against Orderly than usual: you would sell low and buy high (−$5 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Orderly PERP_SKHYNIX_USDC_mythos	1,410.6	0.0100	pay 0.0100% / 8h	5h 48m	$5K	$798	10x
Short	Aster SKHYNIXUSD1	1,409.8	0	get 0.0000% / 4h	1h 48m	$18.9M	$40.7M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Orderly. 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 OrderlybpFee AsterbpOrdersPrice spread, now −0.053%Rate

Funding earned: −$21
Price spread: −0.053% → 0.000%: −$5.32
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee Aster: 4 bp × 2 orders: −$8
Net: −$40.32
Costs to cover: 0.140%
Break-even: never at this rate

Slippage unknown: Orderly: no order-book sample; Aster: live order book, 5 min ago. Net counts fees only.

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 Orderly no order-book sample	—	—	—	—	—
Sell Aster live order book, 5 min ago	0.71 bp	4.9 bp −$5	7.0 bp −$70	doesn't fit	doesn't fit

Orderly: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

SKHYNIX on 22 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	−0.0335%	4h	1,411.7	+0.085%	$3.5M	$402K	10x	as long as short
Aster SKHYNIXUSD1short	0.0000%	4h	1,409.8	−0.053%	$18.9M	$40.7M	20x
Bybit SKHYNIXUSDT	0.0000%	8h	1,409.7	−0.061%	$20.5M	$33.3M	100x	as long as short
Gate SKHYNIX_USDT	0.0000%	4h	1,410.3	−0.021%	$144.3M	$63.5M	75x	as long as short
GRVT SKHYNIX_USDT_Perp	0.0000%	4h	1,413.2	+0.186%	$102K	$195K	10x	as long as short
SunX SKHYNIX-USDT	0.0000%	4h	1,411	+0.030%	$878	$642K	10x	as long as short
HTX SKHYNIX-USDT	0.0000%	4h	1,412.6	+0.147%	$1.3M	$2.4M	50x	as long as short
Phemex SKHYNIXUSDT	0.0000%	8h	1,410.6	+0.002%	$1.2M	$768K	10x	as long as short
SoDEX SKHX-USD	+0.0050%	1h	1,410.7	+0.007%	$750	$8K	10x	as long as short
Binance SKHYNIXUSDT	+0.0067%	4h	1,408.5	−0.146%	$351.6M	$743.7M	50x	as long as short

Show all 22 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended SKHYNIX-USD	+0.0072%	1h	1,408	−0.178%	$2.4M	$71K	10x	as long as short
Pacifica SKHYNIX	+0.0100%	1h	1,408.8	−0.122%	$126K	$389K	10x	as long as short
KuCoin SKHYNIXUSDTM	+0.0100%	4h	1,408.8	−0.125%	$5.2M	$8.1M	20x	as long as short
ApeX Omni SKHYNIXUSDT	+0.0100%	1h	1,412.4	+0.128%	$147K	$261K	50x	as long as short
Orderly PERP_SKHYNIX_USDC_mythoslong	+0.0100%	8h	1,410.6	long leg	$5K	$798	10x
Aevo SKHX-PERP	+0.0104%	1h	1,411.3	+0.051%	$33K	—	10x	as long as short
tradeXYZ xyz:SKHX	+0.0302%	1h	1,408.2	−0.167%	$318.8M	$203.5M	10x	as long as short
OKX SKHYNIX-USDT-SWAP	+0.0332%	8h	1,410	−0.039%	$55.9M	$114.1M	50x	as long as short
Bitget SKHYNIXUSDT	+0.0336%	4h	1,409.5	−0.074%	$23.8M	$25.7M	20x	as long as short
Bullet SKHYNIX-USD	+0.0345%	1h	1,411.2	+0.044%	$14K	$466K	10x	as long as short
Polymarket Perps SKHYNIX-USD	+0.0375%	1h	1,411	+0.032%	$276K	$1.0M	10x	as long as short
Aftermath Perps SKHYNIXUSD	+0.0757%	1h	1,410.8	+0.015%	$703	$38K	5x	as long as short