Funding arb · Price arb /

SKHYNIX

RWAall SKHYNIX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0072%/8h= −7.9% APRpaid last 24h −0.088%

Price spread now: Phemex against Extended+0.026%7-day average +0.054% · you sell dearer than you buy

Net, funding: paid 7d − costs−$158as in the Funding arb table

Net, price: spread back to 7d avg − costs−$119as in the Price arb table

costs, in and out, $10k−$1171.166% of the position

Long on Extended Short on Phemex

What this pair did over the last

the charts below follow

Funding, last 7 days−0.410%−$41 on $10k

Price spread, last 3 days (all we have)−0.042%−$4 · spread now +0.026%, 7d avg +0.054%

Together, before fees−0.452%+ Points / potential airdropExtended: Active · farm board−$45 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Phemex is 0.028% cheaper against Extended than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of +0.054%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended SKHYNIX-USD	1,410.2	0.0072	pay 0.0009% / 1h	49m 15s	$2.4M	$71K	10x
Short	Phemex SKHYNIXUSDT	1,410.6	0	get 0.0000% / 8h	5h 49m	$1.2M	$768K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phemex against Extended. 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 ExtendedbpFee PhemexbpOrdersPrice spread, now +0.026%Rate

Funding earned: −$15.12
Price spread: +0.026% → +0.054%: −$2.82
Slippage, 4 orders: −$99.6
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Phemex: 6 bp × 2 orders: −$12
Net: −$134.53
Costs to cover: 1.166%
Break-even: never at this rate

Slippage from Extended: live order book, 4 min ago; Phemex: live order book, 3 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 Extended live order book, 4 min ago	0.04 bp	2.8 bp −$3	6.3 bp −$63	doesn't fit	doesn't fit
Sell Phemex live order book, 3 min ago	1.98 bp	50.4 bp −$50	doesn't fit	doesn't fit	doesn't fit

SKHYNIX on 22 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	−0.0335%	4h	1,411.7	+0.109%	$3.5M	$402K	10x	as long as short
Aster SKHYNIXUSD1	0.0000%	4h	1,410.6	+0.028%	$18.9M	$40.7M	20x	as long as short
Bybit SKHYNIXUSDT	0.0000%	8h	1,411.3	+0.075%	$20.5M	$33.3M	100x	as long as short
Gate SKHYNIX_USDT	0.0000%	4h	1,411.5	+0.089%	$144.5M	$63.4M	75x	as long as short
GRVT SKHYNIX_USDT_Perp	0.0000%	4h	1,413.2	+0.211%	$102K	$195K	10x	as long as short
SunX SKHYNIX-USDT	0.0000%	4h	1,411	+0.054%	$878	$642K	10x	as long as short
HTX SKHYNIX-USDT	0.0000%	4h	1,412.6	+0.172%	$1.3M	$2.4M	50x	as long as short
Phemex SKHYNIXUSDTshort	0.0000%	8h	1,410.6	+0.026%	$1.2M	$768K	10x
SoDEX SKHX-USD	+0.0050%	1h	1,410.7	+0.031%	$750	$8K	10x	as long as short
Binance SKHYNIXUSDT	+0.0068%	4h	1,410.3	+0.006%	$352.1M	$743.4M	50x	as long as short

Show all 22 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended SKHYNIX-USDlong	+0.0072%	1h	1,410.2	long leg	$2.4M	$71K	10x
Pacifica SKHYNIX	+0.0100%	1h	1,411.3	+0.077%	$127K	$389K	10x	as long as short
KuCoin SKHYNIXUSDTM	+0.0100%	4h	1,411.1	+0.065%	$5.2M	$8.1M	20x	as long as short
ApeX Omni SKHYNIXUSDT	+0.0100%	1h	1,412.4	+0.152%	$147K	$261K	50x	as long as short
Orderly PERP_SKHYNIX_USDC_mythos	+0.0100%	8h	1,410.6	+0.024%	$5K	$798	10x	as long as short
Aevo SKHX-PERP	+0.0104%	1h	1,411.3	+0.075%	$33K	—	10x	as long as short
tradeXYZ xyz:SKHX	+0.0319%	1h	1,410.3	+0.006%	$319.3M	$203.5M	10x	as long as short
OKX SKHYNIX-USDT-SWAP	+0.0332%	8h	1,411	+0.056%	$56.0M	$114.2M	50x	as long as short
Bitget SKHYNIXUSDT	+0.0336%	4h	1,411.4	+0.081%	$23.8M	$25.7M	20x	as long as short
Bullet SKHYNIX-USD	+0.0345%	1h	1,411.2	+0.068%	$14K	$466K	10x	as long as short
Polymarket Perps SKHYNIX-USD	+0.0375%	1h	1,411	+0.056%	$276K	$1.0M	10x	as long as short
Aftermath Perps SKHYNIXUSD	+0.0757%	1h	1,410.8	+0.039%	$703	$38K	5x	as long as short