Funding arb · Price arb /

SKHYNIX

RWAall SKHYNIX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.1363%/8h= +149.2% APRpaid last 24h −0.026%

Price spread now: Bullet against Bybit+0.022%7-day average −0.016% · 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−$28as in the Price arb table

costs, in and out, $10k−$310.313% of the position

Long on Bybit Short on Bullet

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.064%+$6 on $10k

Price spread, last 4 days (all we have)+0.278%+$28 · spread now +0.022%, 7d avg −0.016%

Together, before fees+0.342%+$34 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$41 a day on $10k at the current rate, and Bullet is 0.037% dearer against Bybit than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of −0.016%.

The current funding rate is far above what this pair has been paying: over the last 4 days it paid 0.064% in total (about 6.6% 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	Bybit SKHYNIXUSDT	1,335	−0.0416	get 0.0416% / 8h	7h 35m	$18.6M	$30.7M	100x
Short	Bullet SKHYNIX-USD	1,335.3	0.0946	get 0.0118% / 1h	35m 05s	$13K	$466K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bullet against Bybit. 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 BybitbpFee BulletbpOrdersPrice spread, now +0.022%Rate

Funding earned: $286.19
Price spread: +0.022% → −0.016%: $3.74
Slippage, 4 orders: −$12.31
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Bullet: 4 bp × 2 orders: −$8
Net: $258.62
Costs to cover: 0.313%
Break-even: 0.7 days

Slippage from Bybit: live order book, 4 min ago; Bullet: live order book, 64 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 Bybit live order book, 4 min ago	0.04 bp	7.3 bp −$7	11.1 bp −$111	38.8 bp −$3,883	doesn't fit
Sell Bullet live order book, 64 min ago	1.48 bp	8.3 bp −$8	20.9 bp −$209	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
GRVT SKHYNIX_USDT_Perp	−0.4064%	4h	1,337.1	+0.156%	$97K	$226K	10x	as long as short
HTX SKHYNIX-USDT	−0.3088%	4h	1,335.9	+0.069%	$1.2M	$2.6M	50x	as long as short
ApeX Omni SKHYNIXUSDT	−0.1152%	1h	1,338.2	+0.239%	$139K	$259K	50x	as long as short
SunX SKHYNIX-USDT	−0.0846%	4h	1,335.1	+0.005%	$963	$449K	10x	as long as short
edgeX SKHYNIXUSDC	−0.0652%	4h	1,336.1	+0.082%	$3.3M	$429K	10x	as long as short
KuCoin SKHYNIXUSDTM	−0.0518%	4h	1,335	−0.002%	$5.1M	$8.3M	20x	as long as short
Extended SKHYNIX-USD	−0.0464%	1h	1,334.6	−0.027%	$2.3M	$85K	10x	as long as short
Binance SKHYNIXUSDT	−0.0464%	4h	1,335.1	+0.009%	$324.3M	$975.6M	50x	as long as short
BloFin SKHYNIX-USDT	−0.0446%	4h	1,335	−0.001%	$2.5M	$4.0M	50x	as long as short
Bybit SKHYNIXUSDTlong	−0.0416%	8h	1,335	long leg	$18.6M	$30.7M	100x

Show all 23 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster SKHYNIXUSD1	−0.0210%	4h	1,341.2	+0.467%	$18.2M	$26.4M	20x	as long as short
Aftermath Perps SKHYNIXUSD	−0.0174%	1h	1,335.8	+0.062%	$680	$35K	5x	as long as short
Bitget SKHYNIXUSDT	−0.0154%	4h	1,335.6	+0.041%	$21.4M	$35.9M	20x	as long as short
Gate SKHYNIX_USDT	0.0000%	4h	1,335.5	+0.037%	$138.3M	$75.2M	75x	as long as short
Phemex SKHYNIXUSDT	0.0000%	8h	1,335	0.000%	$1.2M	$779K	10x	as long as short
Polymarket Perps SKHYNIX-USD	+0.0050%	1h	1,332.9	−0.158%	$249K	$974K	10x	as long as short
Orderly PERP_SKHYNIX_USDC_mythos	+0.0100%	8h	1,335.3	+0.018%	$5K	$1K	10x	as long as short
Aevo SKHX-PERP	+0.0104%	1h	1,335.1	+0.007%	$31K	—	10x	as long as short
Pacifica SKHYNIX	+0.0285%	1h	1,335.1	+0.007%	$100K	$437K	10x	as long as short
OKX SKHYNIX-USDT-SWAP	+0.0354%	8h	1,335.3	+0.022%	$51.8M	$130.2M	50x	as long as short
SoDEX SKHX-USD	+0.0384%	1h	1,334.3	−0.052%	$390	$8K	10x	as long as short
tradeXYZ xyz:SKHX	+0.0725%	1h	1,333.6	−0.106%	$296.2M	$277.2M	10x	as long as short
Bullet SKHYNIX-USDshort	+0.0946%	1h	1,335.3	+0.022%	$13K	$466K	10x