Funding arb · Price arb /

SKHYNIX

RWAall SKHYNIX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0515%/8h= −56.4% APRpaid last 24h −0.109%

Price spread now: Phemex against Binance−0.002%7-day average +0.043% · you buy dearer than you sell

Net, funding: paid 7d − costs−$136as in the Funding arb table

Net, price: spread back to 7d avg − costs−$102as in the Price arb table

costs, in and out, $10k−$980.976% of the position

Long on Binance Short on Phemex

What this pair did over the last

the charts below follow

Funding, last 7 days−0.383%−$38 on $10k

Price spread, last 2 days (all we have)+0.035%+$4 · spread now −0.002%, 7d avg +0.043%

Together, before fees−0.348%−$35 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$15 a day on $10k at the current rate, and Phemex is 0.045% cheaper against Binance than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of +0.043%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance SKHYNIXUSDT	1,410.2	0.0515	pay 0.0257% / 4h	3h 45m	$354.0M	$749.5M	50x
Short	Phemex SKHYNIXUSDT	1,410.2	0	get 0.0000% / 8h	7h 45m	$1.2M	$769K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phemex against Binance. 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 BinancebpFee PhemexbpOrdersPrice spread, now −0.002%Rate

Funding earned: −$108.13
Price spread: −0.002% → +0.043%: −$4.46
Slippage, 4 orders: −$75.59
Fee Binance: 5 bp × 2 orders: −$10
Fee Phemex: 6 bp × 2 orders: −$12
Net: −$210.18
Costs to cover: 0.976%
Break-even: never at this rate

Slippage from Binance: live order book, 14 min ago; Phemex: 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 Binance live order book, 14 min ago	0.04 bp	5.2 bp −$5	5.6 bp −$56	13.8 bp −$1,384	doesn't fit
Sell Phemex live order book, 2 min ago	2.80 bp	41.3 bp −$41	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	−0.0402%	4h	1,408.7	−0.106%	$3.4M	$437K	10x	as long as short
Bybit SKHYNIXUSDT	0.0000%	8h	1,411.3	+0.077%	$20.5M	$35.1M	100x	as long as short
GRVT SKHYNIX_USDT_Perp	0.0000%	4h	1,410.1	−0.009%	$107K	$200K	10x	as long as short
Bullet SKHYNIX-USD	0.0000%	1h	1,409.9	−0.020%	$15K	$468K	10x	as long as short
SunX SKHYNIX-USDT	0.0000%	4h	1,409.3	−0.064%	$1K	$809K	10x	as long as short
HTX SKHYNIX-USDT	0.0000%	4h	1,412.8	+0.188%	$1.3M	$2.2M	50x	as long as short
Phemex SKHYNIXUSDTshort	0.0000%	8h	1,410.2	−0.002%	$1.2M	$769K	10x
SoDEX SKHX-USD	+0.0050%	1h	1,409.4	−0.054%	$750	$8K	10x	as long as short
Gate SKHYNIX_USDT	+0.0060%	4h	1,410.9	+0.049%	$144.5M	$62.1M	75x	as long as short
ApeX Omni SKHYNIXUSDT	+0.0100%	1h	1,413.3	+0.223%	$147K	$262K	50x	as long as short

Show all 23 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Orderly PERP_SKHYNIX_USDC_mythos	+0.0100%	8h	1,409.8	−0.028%	$5K	$798	10x	as long as short
Aevo SKHX-PERP	+0.0104%	1h	1,410.8	+0.048%	$33K	—	10x	as long as short
Polymarket Perps SKHYNIX-USD	+0.0115%	1h	1,410.4	+0.016%	$294K	$943K	10x	as long as short
tradeXYZ xyz:SKHX	+0.0279%	1h	1,409.8	−0.027%	$341.3M	$188.0M	10x	as long as short
KuCoin SKHYNIXUSDTM	+0.0292%	4h	1,410	−0.011%	$5.2M	$8.2M	20x	as long as short
Aster SKHYNIXUSD1	+0.0335%	4h	1,409.8	−0.025%	$18.9M	$42.6M	20x	as long as short
OKX SKHYNIX-USDT-SWAP	+0.0345%	8h	1,410.6	+0.030%	$53.1M	$112.6M	50x	as long as short
Bitget SKHYNIXUSDT	+0.0358%	4h	1,410.5	+0.021%	$24.3M	$25.9M	20x	as long as short
Pacifica SKHYNIX	+0.0467%	1h	1,409.8	−0.024%	$141K	$396K	10x	as long as short
Extended SKHYNIX-USD	+0.0512%	1h	1,409.6	−0.043%	$2.4M	$189K	10x	as long as short
Binance SKHYNIXUSDTlong	+0.0515%	4h	1,410.2	long leg	$354.0M	$749.5M	50x
BloFin SKHYNIX-USDT	+0.0564%	4h	1,410.1	−0.006%	$2.5M	$4.2M	50x	as long as short
Aftermath Perps SKHYNIXUSD	+0.4395%	1h	1,406.5	−0.261%	$718	$39K	5x	as long as short