Funding arb · Price arb /

SKHYNIX

RWAall SKHYNIX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0050%/8h= +5.5% APRpaid last 24h −0.012%

Price spread now: SoDEX against Bybit−0.106%56s7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Bybit Short on SoDEX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Funding pays, the price is against you. SoDEX is 0.106% cheaper against Bybit than usual: you would sell low and buy high (spread −0.106% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$11 on $10k: about 7.1 days of funding at the current rate (+$2 a day). The two prices were read 56 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit SKHYNIXUSDT	1,388.8	0	get 0.0000% / 8h	3h 38m	$20.1M	$31.7M	100x
Short	SoDEX SKHX-USD	1,387.3	0.0050	get 0.0006% / 1h	38m 31s	$738	$8K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SoDEX 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 SoDEXbpOrdersPrice spread, now −0.106%Rate

Funding earned: $10.5
Price spread: −0.106% → 0.000%: −$10.59
Slippage, 4 orders: no order book: not counted
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee SoDEX: 4 bp × 2 orders: −$8
Net: −$19.09
Costs to cover: 0.190%
Break-even: 19.7 days

Slippage unknown: Bybit: live order book, 5 min ago; SoDEX: no order-book sample. Net counts fees only.

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, 5 min ago	0.43 bp	7.1 bp −$7	13.5 bp −$135	47.7 bp −$4,770	doesn't fit
Sell SoDEX no order-book sample	—	—	—	—	—

SoDEX: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	+0.180%	$3.4M	$372K	10x	as long as short
BloFin SKHYNIX-USDT	−0.0018%	4h	1,387.3	−0.104%	$2.6M	$4.1M	50x	as long as short
Aster SKHYNIXUSD1	0.0000%	4h	1,388.1	−0.047%	$18.6M	$39.0M	20x	as long as short
Extended SKHYNIX-USD	0.0000%	1h	1,387.2	−0.111%	$2.4M	$71K	10x	as long as short
Binance SKHYNIXUSDT	0.0000%	4h	1,388.3	−0.031%	$345.3M	$777.9M	50x	as long as short
Bybit SKHYNIXUSDTlong	0.0000%	8h	1,388.8	long leg	$20.1M	$31.7M	100x
Gate SKHYNIX_USDT	0.0000%	4h	1,388.6	−0.012%	$139.8M	$66.8M	75x	as long as short
GRVT SKHYNIX_USDT_Perp	0.0000%	4h	1,390.9	+0.157%	$100K	$204K	10x	as long as short
SunX SKHYNIX-USDT	0.0000%	4h	1,392	+0.231%	$869	$583K	10x	as long as short
HTX SKHYNIX-USDT	0.0000%	4h	1,387.7	−0.079%	$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	−0.060%	$1.2M	$772K	10x	as long as short
tradeXYZ xyz:SKHX	+0.0050%	1h	1,387	−0.126%	$306.4M	$222.4M	10x	as long as short
SoDEX SKHX-USDshort	+0.0050%	1h	1,387.3	−0.106%	$738	$8K	10x
Bullet SKHYNIX-USD	+0.0054%	1h	1,388.2	−0.040%	$15K	$469K	10x	as long as short
Polymarket Perps SKHYNIX-USD	+0.0062%	1h	1,388	−0.054%	$268K	$1.0M	10x	as long as short
Pacifica SKHYNIX	+0.0100%	1h	1,387.8	−0.072%	$121K	$395K	10x	as long as short
KuCoin SKHYNIXUSDTM	+0.0100%	4h	1,387.8	−0.071%	$5.1M	$8.1M	20x	as long as short
ApeX Omni SKHYNIXUSDT	+0.0100%	1h	1,393.3	+0.326%	$145K	$260K	50x	as long as short
Orderly PERP_SKHYNIX_USDC_mythos	+0.0100%	8h	1,387.5	−0.091%	$5K	$858	10x	as long as short
Aevo SKHX-PERP	+0.0104%	1h	1,388	−0.056%	$33K	—	10x	as long as short
Bitget SKHYNIXUSDT	+0.0238%	4h	1,388.2	−0.042%	$22.9M	$27.7M	20x	as long as short
Aftermath Perps SKHYNIXUSD	+0.0243%	1h	1,390.8	+0.145%	$663	$37K	5x	as long as short
OKX SKHYNIX-USDT-SWAP	+0.0408%	8h	1,388.8	+0.004%	$54.5M	$113.9M	50x	as long as short