Funding arb · Price arb /

SKHYNIX

RWAall SKHYNIX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.040%

Price spread now: HTX against Phemex−0.021%7-day average +0.002% · you buy dearer than you sell

Net, funding: paid 7d − costs−$115as in the Funding arb table

Net, price: spread back to 7d avg − costs−$132as in the Price arb table

costs, in and out, $10k−$1291.294% of the position

Long on Phemex Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.142%+$14 on $10k

Price spread, last 4 days (all we have)+0.112%+$11 · spread now −0.021%, 7d avg +0.002%

Together, before fees+0.255%+$25 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: HTX is 0.023% cheaper against Phemex than usual: you would sell low and buy high, −$2 on $10k if it goes back to its 7-day average of +0.002%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phemex SKHYNIXUSDT	1,410.4	0	get 0.0000% / 8h	5h 21m	$1.2M	$768K	10x
Short	HTX SKHYNIX-USDT	1,410.1	0	get 0.0000% / 4h	1h 21m	$1.3M	$2.4M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX against Phemex. 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 PhemexbpFee HTXbpOrdersPrice spread, now −0.021%Rate

Funding earned: $0
Price spread: −0.021% → +0.002%: −$2.29
Slippage, 4 orders: −$105.35
Fee Phemex: 6 bp × 2 orders: −$12
Fee HTX: 6 bp × 2 orders: −$12
Net: −$131.65
Costs to cover: 1.294%
Break-even: never at this rate

Slippage from Phemex: live order book, 1 min ago; HTX: live order book, 2 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 Phemex live order book, 1 min ago	1.95 bp	51.5 bp −$52	doesn't fit	doesn't fit	doesn't fit
Sell HTX live order book, 2 min ago	0.04 bp	8.2 bp −$8	13.9 bp −$139	26.0 bp −$2,603	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	−0.0254%	4h	1,407.2	−0.226%	$3.5M	$396K	10x	as long as short
BloFin SKHYNIX-USDT	−0.0022%	4h	1,408.9	−0.104%	$2.7M	$4.1M	50x	as long as short
Aster SKHYNIXUSD1	0.0000%	4h	1,409.8	−0.044%	$18.9M	$39.9M	20x	as long as short
Bybit SKHYNIXUSDT	0.0000%	8h	1,411.3	+0.060%	$20.5M	$33.0M	100x	as long as short
Gate SKHYNIX_USDT	0.0000%	4h	1,411.5	+0.078%	$144.0M	$64.3M	75x	as long as short
GRVT SKHYNIX_USDT_Perp	0.0000%	4h	1,407.3	−0.223%	$102K	$194K	10x	as long as short
SunX SKHYNIX-USDT	0.0000%	4h	1,409.4	−0.075%	$1K	$640K	10x	as long as short
HTX SKHYNIX-USDTshort	0.0000%	4h	1,410.1	−0.021%	$1.3M	$2.4M	50x
Phemex SKHYNIXUSDTlong	0.0000%	8h	1,410.4	long leg	$1.2M	$768K	10x
Extended SKHYNIX-USD	+0.0008%	1h	1,409.8	−0.043%	$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
Binance SKHYNIXUSDT	+0.0009%	4h	1,410.4	+0.002%	$351.6M	$750.6M	50x	as long as short
SoDEX SKHX-USD	+0.0050%	1h	1,409.5	−0.065%	$750	$8K	10x	as long as short
Pacifica SKHYNIX	+0.0100%	1h	1,409.1	−0.093%	$126K	$389K	10x	as long as short
KuCoin SKHYNIXUSDTM	+0.0100%	4h	1,410	−0.031%	$5.2M	$8.1M	20x	as long as short
ApeX Omni SKHYNIXUSDT	+0.0100%	1h	1,407.1	−0.238%	$147K	$261K	50x	as long as short
Orderly PERP_SKHYNIX_USDC_mythos	+0.0100%	8h	1,409.7	−0.052%	$5K	$798	10x	as long as short
Aevo SKHX-PERP	+0.0104%	1h	1,410	−0.029%	$33K	—	10x	as long as short
tradeXYZ xyz:SKHX	+0.0149%	1h	1,409	−0.100%	$317.7M	$205.4M	10x	as long as short
Bullet SKHYNIX-USD	+0.0191%	1h	1,409.3	−0.078%	$14K	$467K	10x	as long as short
Polymarket Perps SKHYNIX-USD	+0.0212%	1h	1,409.5	−0.065%	$276K	$1.0M	10x	as long as short
Bitget SKHYNIXUSDT	+0.0332%	4h	1,410.9	+0.034%	$23.5M	$26.1M	20x	as long as short
OKX SKHYNIX-USDT-SWAP	+0.0335%	8h	1,411.1	+0.049%	$55.9M	$114.6M	50x	as long as short
Aftermath Perps SKHYNIXUSD	+0.0539%	1h	1,407.8	−0.185%	$671	$38K	5x	as long as short