Funding you earn now, next payment 08:00 UTC+0.0338%/8h= +37.1% APRnext payment +$3.38 per $10,000 · paid last 24h +0.084%
Price spread now: OKX against Phemex+0.036%7-day average −0.001% · you sell dearer than you buy
Net, funding: paid 7d − costs−$64as in the Funding arb table
Net, price: spread back to 7d avg − costs−$96as in the Price arb table
costs, in and out, $10k−$1000.998% of the position
Funding, last 7 days+0.363%+$36 on $10k
+Price spread, last 4 days (all we have)−0.032%−$3 · spread now +0.036%, 7d avg −0.001%
=Both sides work for this trade now. Funding pays +$10 a day on $10k at the current rate, and OKX is 0.037% dearer against Phemex than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of −0.001%.
| 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 | 4h 33m | $1.2M | $766K | 10x |
| Short | OKX SKHYNIX-USDT-SWAP | 1,410.9 | 0.0338 | get 0.0338% / 8h | 4h 33m | $55.9M | $114.4M | 50x |
Phemex SKHYNIXUSDT
OKX SKHYNIX-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX against Phemex. 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
- $71.08
- Price spread: +0.036% → −0.001%
- $3.75
- Slippage, 4 orders
- −$77.82
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$24.99
- Costs to cover
- 0.998%
- Break-even
- 9.5 days
Slippage from Phemex: live order book, 5 min ago; OKX: live order book, 1 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, 5 min ago | 1.74 bp | 44.3 bp −$44 | doesn't fit | doesn't fit | doesn't fit |
| Sell OKX live order book, 1 min ago | 0.35 bp | 5.4 bp −$5 | 7.1 bp −$71 | 17.8 bp −$1,780 | 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 | −0.018% | $3.5M | $373K | 10x | as long as short |
| BloFin SKHYNIX-USDT | −0.0004% | 4h | 1,410.5 | +0.010% | $2.7M | $4.1M | 50x | as long as short |
| Aster SKHYNIXUSD1 | 0.0000% | 4h | 1,410.6 | +0.016% | $18.8M | $39.8M | 20x | as long as short |
| Extended SKHYNIX-USD | 0.0000% | 1h | 1,410.4 | −0.001% | $2.4M | $71K | 10x | as long as short |
| Binance SKHYNIXUSDT | 0.0000% | 4h | 1,410.2 | −0.015% | $349.5M | $751.0M | 50x | as long as short |
| Bybit SKHYNIXUSDT | 0.0000% | 8h | 1,411 | +0.040% | $20.5M | $31.9M | 100x | as long as short |
| Gate SKHYNIX_USDT | 0.0000% | 4h | 1,411.1 | +0.050% | $143.2M | $64.5M | 75x | as long as short |
| GRVT SKHYNIX_USDT_Perp | 0.0000% | 4h | 1,410.8 | +0.026% | $101K | $198K | 10x | as long as short |
| SunX SKHYNIX-USDT | 0.0000% | 4h | 1,409.7 | −0.050% | $1K | $617K | 10x | as long as short |
| HTX SKHYNIX-USDT | 0.0000% | 4h | 1,410.5 | +0.004% | $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 SKHYNIXUSDTlong | 0.0000% | 8h | 1,410.4 | long leg | $1.2M | $766K | 10x | |
| Bullet SKHYNIX-USD | +0.0024% | 1h | 1,410.9 | +0.038% | $15K | $470K | 10x | as long as short |
| tradeXYZ xyz:SKHX | +0.0050% | 1h | 1,409.4 | −0.070% | $317.2M | $208.5M | 10x | as long as short |
| Polymarket Perps SKHYNIX-USD | +0.0050% | 1h | 1,411.1 | +0.050% | $276K | $1.0M | 10x | as long as short |
| SoDEX SKHX-USD | +0.0050% | 1h | 1,410.2 | −0.011% | $750 | $8K | 10x | as long as short |
| Pacifica SKHYNIX | +0.0100% | 1h | 1,410.8 | +0.029% | $128K | $386K | 10x | as long as short |
| KuCoin SKHYNIXUSDTM | +0.0100% | 4h | 1,410.7 | +0.020% | $5.2M | $8.1M | 20x | as long as short |
| ApeX Omni SKHYNIXUSDT | +0.0100% | 1h | 1,410.8 | +0.026% | $147K | $260K | 50x | as long as short |
| Orderly PERP_SKHYNIX_USDC_mythos | +0.0100% | 8h | 1,410.7 | +0.020% | $5K | $798 | 10x | as long as short |
| Aevo SKHX-PERP | +0.0104% | 1h | 1,411.4 | +0.070% | $33K | — | 10x | as long as short |
| Bitget SKHYNIXUSDT | +0.0246% | 4h | 1,410.3 | −0.008% | $23.4M | $26.1M | 20x | as long as short |
| Aftermath Perps SKHYNIXUSD | +0.0305% | 1h | 1,410.4 | +0.003% | $672 | $38K | 5x | as long as short |
| OKX SKHYNIX-USDT-SWAPshort | +0.0338% | 8h | 1,410.9 | +0.036% | $55.9M | $114.4M | 50x |
Bullet SKHYNIX-USD
tradeXYZ xyz:SKHX
Polymarket Perps SKHYNIX-USD
SoDEX SKHX-USD
Pacifica SKHYNIX
KuCoin SKHYNIXUSDTM
ApeX Omni SKHYNIXUSDT
Orderly PERP_SKHYNIX_USDC_mythos
Aevo SKHX-PERP
Bitget SKHYNIXUSDT
Aftermath Perps SKHYNIXUSD