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 −0.091%

Price spread now: Phemex against Aster+0.055%7-day average +0.017% · you sell dearer than you buy

Net, funding: paid 7d − costs−$152as in the Funding arb table

Net, price: spread back to 7d avg − costs−$117as in the Price arb table

costs, in and out, $10k−$1211.211% of the position

Long on Aster Short on Phemex

What this pair did over the last

the charts below follow

Funding, last 7 days−0.314%−$31 on $10k

Price spread, last 3 days (all we have)−0.105%−$10 · spread now +0.055%, 7d avg +0.017%

Together, before fees−0.419%+ Points / potential airdropAster: Stage 5 · farm board−$42 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: Phemex is 0.038% dearer against Aster than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of +0.017%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster SKHYNIXUSD1	1,409.8	0	get 0.0000% / 4h	1h 48m	$18.9M	$40.7M	20x
Short	Phemex SKHYNIXUSDT	1,410.6	0	get 0.0000% / 8h	5h 48m	$1.2M	$768K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phemex against Aster. 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 AsterbpFee PhemexbpOrdersPrice spread, now +0.055%Rate

Funding earned: $0
Price spread: +0.055% → +0.017%: $3.81
Slippage, 4 orders: −$101.09
Fee Aster: 4 bp × 2 orders: −$8
Fee Phemex: 6 bp × 2 orders: −$12
Net: −$117.28
Costs to cover: 1.211%
Break-even: never at this rate

Slippage from Aster: live order book, 5 min ago; Phemex: live order book, 4 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 Aster live order book, 5 min ago	0.71 bp	5.3 bp −$5	6.4 bp −$64	doesn't fit	doesn't fit
Sell Phemex live order book, 4 min ago	1.98 bp	50.4 bp −$50	doesn't fit	doesn't fit	doesn't fit

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	+0.138%	$3.5M	$402K	10x	as long as short
Aster SKHYNIXUSD1long	0.0000%	4h	1,409.8	long leg	$18.9M	$40.7M	20x
Bybit SKHYNIXUSDT	0.0000%	8h	1,409.7	−0.008%	$20.5M	$33.3M	100x	as long as short
Gate SKHYNIX_USDT	0.0000%	4h	1,410.3	+0.032%	$144.3M	$63.5M	75x	as long as short
GRVT SKHYNIX_USDT_Perp	0.0000%	4h	1,413.2	+0.240%	$102K	$195K	10x	as long as short
SunX SKHYNIX-USDT	0.0000%	4h	1,411	+0.083%	$878	$642K	10x	as long as short
HTX SKHYNIX-USDT	0.0000%	4h	1,412.6	+0.201%	$1.3M	$2.4M	50x	as long as short
Phemex SKHYNIXUSDTshort	0.0000%	8h	1,410.6	+0.055%	$1.2M	$768K	10x
SoDEX SKHX-USD	+0.0050%	1h	1,410.7	+0.060%	$750	$8K	10x	as long as short
Binance SKHYNIXUSDT	+0.0067%	4h	1,408.5	−0.093%	$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	−0.124%	$2.4M	$71K	10x	as long as short
Pacifica SKHYNIX	+0.0100%	1h	1,408.8	−0.069%	$126K	$389K	10x	as long as short
KuCoin SKHYNIXUSDTM	+0.0100%	4h	1,408.8	−0.072%	$5.2M	$8.1M	20x	as long as short
ApeX Omni SKHYNIXUSDT	+0.0100%	1h	1,412.4	+0.181%	$147K	$261K	50x	as long as short
Orderly PERP_SKHYNIX_USDC_mythos	+0.0100%	8h	1,410.6	+0.053%	$5K	$798	10x	as long as short
Aevo SKHX-PERP	+0.0104%	1h	1,411.3	+0.104%	$33K	—	10x	as long as short
tradeXYZ xyz:SKHX	+0.0302%	1h	1,408.2	−0.113%	$318.8M	$203.5M	10x	as long as short
OKX SKHYNIX-USDT-SWAP	+0.0332%	8h	1,410	+0.014%	$55.9M	$114.1M	50x	as long as short
Bitget SKHYNIXUSDT	+0.0336%	4h	1,409.5	−0.021%	$23.8M	$25.7M	20x	as long as short
Bullet SKHYNIX-USD	+0.0345%	1h	1,411.2	+0.097%	$14K	$466K	10x	as long as short
Polymarket Perps SKHYNIX-USD	+0.0375%	1h	1,411	+0.085%	$276K	$1.0M	10x	as long as short
Aftermath Perps SKHYNIXUSD	+0.0757%	1h	1,410.8	+0.068%	$703	$38K	5x	as long as short