Funding arb · Price arb /

SKHYNIX

RWAall SKHYNIX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0061%/8h= −6.7% APRpaid last 24h −0.004%

Price spread now: SunX against Bullet+0.347%7-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−$45as in the Price arb table

costs, in and out, $10k−$800.795% of the position

Long on Bullet Short on SunX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.080%−$8 on $10k

Price spread, last 4 days (all we have)−0.332%−$33 · spread now +0.347%, 7d avg +0.003%

Together, before fees−0.412%−$41 on $10k · with fees, hour by hour

The price spread pays, funding is against you. SunX is 0.344% dearer against Bullet than usual: you sell high and buy low (spread +0.347% now, against its 7-day average of +0.003%): +$34 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 19 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bullet SKHYNIX-USD	1,387.1	0.0061	pay 0.0008% / 1h	38m 52s	$15K	$469K	10x
Short	SunX SKHYNIX-USDT	1,392	0	get 0.0000% / 4h	3h 38m	$869	$583K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now +0.347%Rate

Funding earned: −$12.78
Price spread: +0.347% → +0.003%: $34.38
Slippage, 4 orders: −$63.52
Fee Bullet: 4 bp × 2 orders: −$8
Fee SunX: 4 bp × 2 orders: −$8
Net: −$57.91
Costs to cover: 0.795%
Break-even: never at this rate

Slippage from Bullet: live order book, 15 min ago; SunX: live order book, 42 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, 15 min ago	1.43 bp	7.3 bp −$7	21.4 bp −$214	doesn't fit	doesn't fit
Sell SunX live order book, 42 min ago	28.07 bp	32.1 bp −$32	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	+0.296%	$3.4M	$372K	10x	as long as short
BloFin SKHYNIX-USDT	−0.0018%	4h	1,387.3	+0.012%	$2.6M	$4.1M	50x	as long as short
Aster SKHYNIXUSD1	0.0000%	4h	1,387.9	+0.055%	$18.6M	$39.0M	20x	as long as short
Extended SKHYNIX-USD	0.0000%	1h	1,387.7	+0.041%	$2.4M	$71K	10x	as long as short
Binance SKHYNIXUSDT	0.0000%	4h	1,388.2	+0.077%	$345.3M	$778.3M	50x	as long as short
Bybit SKHYNIXUSDT	0.0000%	8h	1,388.4	+0.092%	$20.1M	$31.7M	100x	as long as short
Gate SKHYNIX_USDT	0.0000%	4h	1,388.6	+0.106%	$139.8M	$66.5M	75x	as long as short
GRVT SKHYNIX_USDT_Perp	0.0000%	4h	1,390.9	+0.273%	$100K	$204K	10x	as long as short
SunX SKHYNIX-USDTshort	0.0000%	4h	1,392	+0.347%	$869	$583K	10x
HTX SKHYNIX-USDT	0.0000%	4h	1,387.7	+0.036%	$1.3M	$2.4M	50x	as long as short

Show all 23 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phemex SKHYNIXUSDT	0.0000%	8h	1,387.9	+0.056%	$1.2M	$772K	10x	as long as short
tradeXYZ xyz:SKHX	+0.0050%	1h	1,386.9	−0.018%	$306.5M	$222.1M	10x	as long as short
SoDEX SKHX-USD	+0.0050%	1h	1,387.3	+0.010%	$738	$8K	10x	as long as short
Bullet SKHYNIX-USDlong	+0.0061%	1h	1,387.1	long leg	$15K	$469K	10x
Polymarket Perps SKHYNIX-USD	+0.0071%	1h	1,387.4	+0.018%	$272K	$1.0M	10x	as long as short
Pacifica SKHYNIX	+0.0100%	1h	1,387.6	+0.031%	$121K	$395K	10x	as long as short
KuCoin SKHYNIXUSDTM	+0.0100%	4h	1,387.5	+0.028%	$5.1M	$8.1M	20x	as long as short
ApeX Omni SKHYNIXUSDT	+0.0100%	1h	1,393.3	+0.442%	$145K	$260K	50x	as long as short
Orderly PERP_SKHYNIX_USDC_mythos	+0.0100%	8h	1,387.5	+0.025%	$5K	$858	10x	as long as short
Aevo SKHX-PERP	+0.0104%	1h	1,388	+0.060%	$33K	—	10x	as long as short
Bitget SKHYNIXUSDT	+0.0242%	4h	1,388.2	+0.075%	$22.9M	$27.7M	20x	as long as short
Aftermath Perps SKHYNIXUSD	+0.0251%	1h	1,391.6	+0.318%	$663	$37K	5x	as long as short
OKX SKHYNIX-USDT-SWAP	+0.0408%	8h	1,388	+0.062%	$54.5M	$114.0M	50x	as long as short