Funding arb · Price arb /

SKHYNIX

RWAall SKHYNIX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.1104%/8h= −120.9% APRpaid last 24h +0.041%

Price spread now: Bybit against Bullet+0.019%7-day average +0.014% · 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−$29as in the Price arb table

costs, in and out, $10k−$300.295% of the position

Long on Bullet Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.049%−$5 on $10k

Price spread, last 4 days (all we have)−0.623%−$62 · spread now +0.019%, 7d avg +0.014%

Together, before fees−0.672%−$67 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.014%, so right now this pair is about funding alone: −$33 a day on $10k at the current rate.

The current funding rate is far above what this pair has been paying: over the last 4 days it paid -0.049% in total (about -5.0% 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	1,349.9	0.1104	pay 0.0138% / 1h	7m 53s	$15K	$467K	10x
Short	Bybit SKHYNIXUSDT	1,350.1	0	get 0.0000% / 8h	7m 53s	$19.0M	$30.9M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now +0.019%Rate

Funding earned: −$231.79
Price spread: +0.019% → +0.014%: $0.42
Slippage, 4 orders: −$10.52
Fee Bullet: 4 bp × 2 orders: −$8
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$260.89
Costs to cover: 0.295%
Break-even: never at this rate

Slippage from Bullet: live order book, 31 min ago; Bybit: 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 Bullet live order book, 31 min ago	1.48 bp	7.3 bp −$7	21.3 bp −$213	doesn't fit	doesn't fit
Sell Bybit live order book, 1 min ago	0.07 bp	7.0 bp −$7	10.4 bp −$104	41.9 bp −$4,188	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	−0.0395%	4h	1,349.8	−0.003%	$3.3M	$429K	10x	as long as short
Aftermath Perps SKHYNIXUSD	−0.0058%	1h	1,349.7	−0.008%	$689	$35K	5x	as long as short
Aster SKHYNIXUSD1	0.0000%	4h	1,351.2	+0.101%	$18.4M	$29.3M	20x	as long as short
Extended SKHYNIX-USD	0.0000%	1h	1,349.9	+0.002%	$2.3M	$78K	10x	as long as short
Binance SKHYNIXUSDT	0.0000%	4h	1,350.1	+0.016%	$328.2M	$956.4M	50x	as long as short
Bybit SKHYNIXUSDTshort	0.0000%	8h	1,350.1	+0.019%	$19.0M	$30.9M	100x
Gate SKHYNIX_USDT	0.0000%	4h	1,350.4	+0.039%	$140.4M	$77.4M	75x	as long as short
Bitget SKHYNIXUSDT	0.0000%	4h	1,350.3	+0.033%	$21.8M	$34.6M	20x	as long as short
GRVT SKHYNIX_USDT_Perp	0.0000%	4h	1,350.3	+0.033%	$98K	$222K	10x	as long as short
SunX SKHYNIX-USDT	0.0000%	4h	1,350.2	+0.025%	$967	$470K	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	1,351.4	+0.111%	$1.3M	$2.5M	50x	as long as short
Phemex SKHYNIXUSDT	0.0000%	8h	1,350.1	+0.015%	$1.2M	$781K	10x	as long as short
BloFin SKHYNIX-USDT	+0.0004%	4h	1,350.9	+0.076%	$2.5M	$4.1M	50x	as long as short
Pacifica SKHYNIX	+0.0100%	1h	1,349.8	−0.004%	$102K	$433K	10x	as long as short
KuCoin SKHYNIXUSDTM	+0.0100%	4h	1,349.3	−0.041%	$5.0M	$8.2M	20x	as long as short
ApeX Omni SKHYNIXUSDT	+0.0100%	1h	1,350.1	+0.014%	$141K	$259K	50x	as long as short
Orderly PERP_SKHYNIX_USDC_mythos	+0.0100%	8h	1,350.3	+0.031%	$5K	$1K	10x	as long as short
Aevo SKHX-PERP	+0.0104%	1h	1,349.9	+0.003%	$32K	—	10x	as long as short
OKX SKHYNIX-USDT-SWAP	+0.0389%	8h	1,349.8	−0.004%	$52.2M	$131.2M	50x	as long as short
SoDEX SKHX-USD	+0.0767%	1h	1,348.8	−0.080%	$240	$8K	10x	as long as short
tradeXYZ xyz:SKHX	+0.0849%	1h	1,347.7	−0.160%	$295.6M	$269.3M	10x	as long as short
Polymarket Perps SKHYNIX-USD	+0.1049%	1h	1,348.6	−0.093%	$252K	$974K	10x	as long as short
Bullet SKHYNIX-USDlong	+0.1104%	1h	1,349.9	long leg	$15K	$467K	10x