Funding you earn now, next payment 05:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h −0.038%
Price spread now: Phemex against ApeX Omni−0.280%77s7-day average −0.009% · you buy dearer than you sell
Net, funding: paid 7d − costs−$159as 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−$1211.210% of the position
Funding, last 7 days−0.377%−$38 on $10k
+Price spread, last 4 days (all we have)+0.189%+$19 · spread now −0.280%, 7d avg −0.009%
=Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Phemex is 0.271% cheaper against ApeX Omni than usual: you would sell low and buy high (−$27 if the spread goes back to its 7-day average of −0.009%). Swap the legs. The two prices were read 77 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | ApeX Omni SKHYNIXUSDT | 1,393.3 | 0.0100 | pay 0.0013% / 1h | 38m 08s | $145K | $260K | 50x |
| Short | Phemex SKHYNIXUSDT | 1,389.4 | 0 | get 0.0000% / 8h | 3h 38m | $1.2M | $772K | 10x |
ApeX Omni SKHYNIXUSDT
Phemex SKHYNIXUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phemex against ApeX Omni. 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
- −$21
- Price spread: −0.280% → −0.009%
- −$27.1
- Slippage, 4 orders
- −$98.98
- Fee ApeX Omni: 5 bp × 2 orders
- −$10
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$169.08
- Costs to cover
- 1.210%
- Break-even
- never at this rate
Slippage from ApeX Omni: live order book, 14 min ago; Phemex: live order book, 5 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 ApeX Omni live order book, 14 min ago | 6.75 bp | 11.8 bp −$12 | 34.9 bp −$349 | doesn't fit | doesn't fit |
| Sell Phemex live order book, 5 min ago | 4.30 bp | 60.5 bp −$60 | doesn't fit | 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 | −0.0785% | 4h | 1,391.2 | −0.146% | $3.4M | $372K | 10x | as long as short |
| BloFin SKHYNIX-USDT | −0.0018% | 4h | 1,387.3 | −0.428% | $2.6M | $4.1M | 50x | as long as short |
| Aster SKHYNIXUSD1 | 0.0000% | 4h | 1,388.7 | −0.328% | $18.6M | $39.0M | 20x | as long as short |
| Extended SKHYNIX-USD | 0.0000% | 1h | 1,388 | −0.376% | $2.4M | $71K | 10x | as long as short |
| Binance SKHYNIXUSDT | 0.0000% | 4h | 1,388.6 | −0.339% | $345.4M | $778.7M | 50x | as long as short |
| Bybit SKHYNIXUSDT | 0.0000% | 8h | 1,388.9 | −0.314% | $20.2M | $31.8M | 100x | as long as short |
| Gate SKHYNIX_USDT | 0.0000% | 4h | 1,388.6 | −0.337% | $142.3M | $67.5M | 75x | as long as short |
| GRVT SKHYNIX_USDT_Perp | 0.0000% | 4h | 1,390.9 | −0.169% | $100K | $204K | 10x | as long as short |
| SunX SKHYNIX-USDT | 0.0000% | 4h | 1,388.9 | −0.318% | $867 | $582K | 10x | as long as short |
| HTX SKHYNIX-USDT | 0.0000% | 4h | 1,387.7 | −0.404% | $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 SKHYNIXUSDTshort | 0.0000% | 8h | 1,389.4 | −0.280% | $1.2M | $772K | 10x | |
| tradeXYZ xyz:SKHX | +0.0050% | 1h | 1,388 | −0.379% | $306.6M | $222.7M | 10x | as long as short |
| SoDEX SKHX-USD | +0.0050% | 1h | 1,388.3 | −0.355% | $739 | $8K | 10x | as long as short |
| Bullet SKHYNIX-USD | +0.0054% | 1h | 1,388.2 | −0.365% | $15K | $469K | 10x | as long as short |
| Polymarket Perps SKHYNIX-USD | +0.0062% | 1h | 1,388 | −0.379% | $268K | $1.0M | 10x | as long as short |
| Pacifica SKHYNIX | +0.0100% | 1h | 1,387.8 | −0.397% | $121K | $395K | 10x | as long as short |
| KuCoin SKHYNIXUSDTM | +0.0100% | 4h | 1,388.1 | −0.369% | $5.1M | $8.1M | 20x | as long as short |
| ApeX Omni SKHYNIXUSDTlong | +0.0100% | 1h | 1,393.3 | long leg | $145K | $260K | 50x | |
| Orderly PERP_SKHYNIX_USDC_mythos | +0.0100% | 8h | 1,388.4 | −0.350% | $5K | $858 | 10x | as long as short |
| Aevo SKHX-PERP | +0.0104% | 1h | 1,389 | −0.311% | $33K | — | 10x | as long as short |
| Bitget SKHYNIXUSDT | +0.0238% | 4h | 1,388.8 | −0.324% | $22.9M | $27.7M | 20x | as long as short |
| Aftermath Perps SKHYNIXUSD | +0.0243% | 1h | 1,390.8 | −0.180% | $663 | $37K | 5x | as long as short |
| OKX SKHYNIX-USDT-SWAP | +0.0406% | 8h | 1,388.9 | −0.314% | $54.6M | $114.0M | 50x | as long as short |
tradeXYZ xyz:SKHX
SoDEX SKHX-USD
Bullet SKHYNIX-USD
Polymarket Perps SKHYNIX-USD
Pacifica SKHYNIX
KuCoin SKHYNIXUSDTM
Orderly PERP_SKHYNIX_USDC_mythos
Aevo SKHX-PERP
Bitget SKHYNIXUSDT
Aftermath Perps SKHYNIXUSD
OKX SKHYNIX-USDT-SWAP