Funding arb · Price arb /

SKHYNIX

RWAall SKHYNIX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.1153%/8h= −126.3% APRpaid last 24h +0.070%

Price spread now: BloFin against Bullet+0.015%48s7-day average −0.003% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$300.297% of the position

Long on Bullet Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.081%+$8 on $10k

Price spread, last 4 days (all we have)−0.035%−$3 · spread now +0.015%, 7d avg −0.003%

Together, before fees+0.047%+$5 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.003%, so right now this pair is about funding alone: −$35 a day on $10k at the current rate. Mind the row above: over the last 4 days funding on this pair paid +0.081%, so the current rate has only just turned against you. The two prices were read 48 seconds apart, so part of this spread may be the market moving, not a spread.

The current funding rate is far above what this pair has been paying: over the last 4 days it paid 0.081% in total (about 8.4% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bullet SKHYNIX-USD	1,348.2	0.1161	pay 0.0145% / 1h	4m 14s	$15K	$467K	10x
Short	BloFin SKHYNIX-USDT	1,348.4	0.0008	get 0.0004% / 4h	4m 14s	$2.5M	$4.1M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against Bullet. 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 BulletbpFee BloFinbpOrdersPrice spread, now +0.015%Rate

Funding earned: −$242.23
Price spread: +0.015% → −0.003%: $1.84
Slippage, 4 orders: −$9.69
Fee Bullet: 4 bp × 2 orders: −$8
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$270.09
Costs to cover: 0.297%
Break-even: never at this rate

Slippage from Bullet: live order book, 35 min ago; BloFin: 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 Bullet live order book, 35 min ago	1.48 bp	7.3 bp −$7	21.3 bp −$213	doesn't fit	doesn't fit
Sell BloFin live order book, 4 min ago	0.07 bp	6.9 bp −$7	7.7 bp −$77	13.5 bp −$1,352	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	−0.0324%	4h	1,350	+0.133%	$3.3M	$430K	10x	as long as short
Aftermath Perps SKHYNIXUSD	−0.0063%	1h	1,348.2	−0.004%	$735	$35K	5x	as long as short
Aster SKHYNIXUSD1	0.0000%	4h	1,350.6	+0.178%	$18.4M	$28.9M	20x	as long as short
Extended SKHYNIX-USD	0.0000%	1h	1,348.6	+0.027%	$2.3M	$78K	10x	as long as short
Binance SKHYNIXUSDT	0.0000%	4h	1,348.5	+0.023%	$328.7M	$958.1M	50x	as long as short
Bybit SKHYNIXUSDT	0.0000%	8h	1,348.5	+0.021%	$19.0M	$30.9M	100x	as long as short
Gate SKHYNIX_USDT	0.0000%	4h	1,349.2	+0.071%	$140.2M	$77.5M	75x	as long as short
Bitget SKHYNIXUSDT	0.0000%	4h	1,348.8	+0.042%	$21.9M	$34.7M	20x	as long as short
GRVT SKHYNIX_USDT_Perp	0.0000%	4h	1,350.2	+0.148%	$98K	$224K	10x	as long as short
SunX SKHYNIX-USDT	0.0000%	4h	1,348.5	+0.022%	$966	$469K	10x	as long as short

Show all 23 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX SKHYNIX-USDT	0.0000%	4h	1,349.6	+0.099%	$1.3M	$2.5M	50x	as long as short
Phemex SKHYNIXUSDT	0.0000%	8h	1,349.1	+0.063%	$1.2M	$781K	10x	as long as short
BloFin SKHYNIX-USDTshort	+0.0008%	4h	1,348.4	+0.015%	$2.5M	$4.1M	50x
Pacifica SKHYNIX	+0.0100%	1h	1,348.2	+0.002%	$102K	$433K	10x	as long as short
KuCoin SKHYNIXUSDTM	+0.0100%	4h	1,348.2	−0.002%	$5.0M	$8.2M	20x	as long as short
ApeX Omni SKHYNIXUSDT	+0.0100%	1h	1,350.5	+0.169%	$141K	$259K	50x	as long as short
Orderly PERP_SKHYNIX_USDC_mythos	+0.0100%	8h	1,349.3	+0.078%	$5K	$1K	10x	as long as short
Aevo SKHX-PERP	+0.0104%	1h	1,349	+0.059%	$32K	—	10x	as long as short
OKX SKHYNIX-USDT-SWAP	+0.0405%	8h	1,348.3	+0.006%	$52.2M	$131.2M	50x	as long as short
SoDEX SKHX-USD	+0.0862%	1h	1,347.8	−0.030%	$240	$8K	10x	as long as short
tradeXYZ xyz:SKHX	+0.0896%	1h	1,346.8	−0.106%	$295.7M	$269.6M	10x	as long as short
Polymarket Perps SKHYNIX-USD	+0.1104%	1h	1,348	−0.017%	$252K	$974K	10x	as long as short
Bullet SKHYNIX-USDlong	+0.1161%	1h	1,348.2	long leg	$15K	$467K	10x