Funding you earn now, next payment 04:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h −0.066%
Price spread now: Phemex against KuCoin+0.083%7-day average +0.038% · you sell dearer than you buy
Net, funding: paid 7d − costs−$154as in the Funding arb table
Net, price: spread back to 7d avg − costs−$121as in the Price arb table
costs, in and out, $10k−$1251.251% of the position
Funding, last 7 days−0.287%−$29 on $10k
+Price spread, last 4 days (all we have)−0.206%−$21 · spread now +0.083%, 7d avg +0.038%
=The price spread pays, funding is against you. Phemex is 0.045% dearer against KuCoin than usual: you sell high and buy low (spread +0.083% now, against its 7-day average of +0.038%): +$5 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 36 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin SKHYNIXUSDTM | 1,408.5 | 0.0100 | pay 0.0050% / 4h | 1h 23m | $5.2M | $8.1M | 20x |
| Short | Phemex SKHYNIXUSDT | 1,409.6 | 0 | get 0.0000% / 8h | 5h 23m | $1.2M | $768K | 10x |
KuCoin SKHYNIXUSDTM
Phemex SKHYNIXUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phemex against KuCoin. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$21
- Price spread: +0.083% → +0.038%
- $4.54
- Slippage, 4 orders
- −$101.11
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$141.57
- Costs to cover
- 1.251%
- Break-even
- never at this rate
Slippage from KuCoin: live order book, 5 min ago; Phemex: live order book, 4 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 KuCoin live order book, 5 min ago | 0.43 bp | 17.9 bp −$18 | 54.7 bp −$547 | doesn't fit | doesn't fit |
| Sell Phemex live order book, 4 min ago | 3.06 bp | 46.6 bp −$47 | 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 | −0.0254% | 4h | 1,407.2 | −0.088% | $3.5M | $396K | 10x | as long as short |
| Aster SKHYNIXUSD1 | 0.0000% | 4h | 1,407.9 | −0.039% | $18.9M | $39.9M | 20x | as long as short |
| Bybit SKHYNIXUSDT | 0.0000% | 8h | 1,409.7 | +0.087% | $20.5M | $33.0M | 100x | as long as short |
| Gate SKHYNIX_USDT | 0.0000% | 4h | 1,409.6 | +0.079% | $143.8M | $64.3M | 75x | as long as short |
| GRVT SKHYNIX_USDT_Perp | 0.0000% | 4h | 1,407.3 | −0.084% | $102K | $194K | 10x | as long as short |
| SunX SKHYNIX-USDT | 0.0000% | 4h | 1,407.5 | −0.068% | $1K | $640K | 10x | as long as short |
| HTX SKHYNIX-USDT | 0.0000% | 4h | 1,407.3 | −0.079% | $1.3M | $2.4M | 50x | as long as short |
| Phemex SKHYNIXUSDTshort | 0.0000% | 8h | 1,409.6 | +0.083% | $1.2M | $768K | 10x | |
| Binance SKHYNIXUSDT | +0.0013% | 4h | 1,408.9 | +0.032% | $351.2M | $749.6M | 50x | as long as short |
| Extended SKHYNIX-USD | +0.0016% | 1h | 1,408.5 | 0.000% | $2.4M | $71K | 10x | as long as short |
edgeX SKHYNIXUSDC
Aster SKHYNIXUSD1
Bybit SKHYNIXUSDT
Gate SKHYNIX_USDT
GRVT SKHYNIX_USDT_Perp
SunX SKHYNIX-USDT
HTX SKHYNIX-USDT
Binance SKHYNIXUSDT
Extended SKHYNIX-USDShow all 23 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| SoDEX SKHX-USD | +0.0050% | 1h | 1,408.8 | +0.028% | $750 | $8K | 10x | as long as short |
| BloFin SKHYNIX-USDT | +0.0074% | 4h | 1,407.7 | −0.055% | $2.7M | $4.1M | 50x | as long as short |
| Pacifica SKHYNIX | +0.0100% | 1h | 1,408.1 | −0.025% | $126K | $389K | 10x | as long as short |
| KuCoin SKHYNIXUSDTMlong | +0.0100% | 4h | 1,408.5 | long leg | $5.2M | $8.1M | 20x | |
| ApeX Omni SKHYNIXUSDT | +0.0100% | 1h | 1,407.1 | −0.099% | $147K | $261K | 50x | as long as short |
| Orderly PERP_SKHYNIX_USDC_mythos | +0.0100% | 8h | 1,408.9 | +0.033% | $5K | $798 | 10x | as long as short |
| Aevo SKHX-PERP | +0.0104% | 1h | 1,409.6 | +0.078% | $33K | — | 10x | as long as short |
| tradeXYZ xyz:SKHX | +0.0154% | 1h | 1,408.3 | −0.011% | $317.5M | $205.3M | 10x | as long as short |
| Bullet SKHYNIX-USD | +0.0196% | 1h | 1,409 | +0.037% | $14K | $467K | 10x | as long as short |
| Polymarket Perps SKHYNIX-USD | +0.0215% | 1h | 1,408.6 | +0.011% | $276K | $1.0M | 10x | as long as short |
| Bitget SKHYNIXUSDT | +0.0332% | 4h | 1,409.5 | +0.071% | $23.4M | $26.0M | 20x | as long as short |
| OKX SKHYNIX-USDT-SWAP | +0.0335% | 8h | 1,409.6 | +0.082% | $55.8M | $114.5M | 50x | as long as short |
| Aftermath Perps SKHYNIXUSD | +0.0548% | 1h | 1,407.8 | −0.044% | $671 | $38K | 5x | as long as short |
SoDEX SKHX-USD
BloFin SKHYNIX-USDT
Pacifica SKHYNIX
ApeX Omni SKHYNIXUSDT
Orderly PERP_SKHYNIX_USDC_mythos
Aevo SKHX-PERP
tradeXYZ xyz:SKHX
Bullet SKHYNIX-USD
Polymarket Perps SKHYNIX-USD
Bitget SKHYNIXUSDT
OKX SKHYNIX-USDT-SWAP
Aftermath Perps SKHYNIXUSD