Funding arb · Price arb /

SKHYNIX

RWAall SKHYNIX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h +0.046%

Price spread now: ApeX Omni against Phemex+0.052%7-day average +0.010% · you sell dearer than you buy

Net, funding: paid 7d − costs−$92as in the Funding arb table

Net, price: spread back to 7d avg − costs−$131as in the Price arb table

costs, in and out, $10k−$1351.354% of the position

Long on Phemex Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days+0.436%+$44 on $10k

Price spread, last 3 days (all we have)+0.006%+$1 · spread now +0.052%, 7d avg +0.010%

Together, before fees+0.441%+$44 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and ApeX Omni is 0.042% dearer against Phemex than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of +0.010%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phemex SKHYNIXUSDT	1,412	0	get 0.0000% / 8h	7h 00m	$1.2M	$769K	10x
Short	ApeX Omni SKHYNIXUSDT	1,412.7	0.0100	get 0.0013% / 1h	0m 21s	$147K	$262K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against Phemex. 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 PhemexbpFee ApeX OmnibpOrdersPrice spread, now +0.052%Rate

Funding earned: $21
Price spread: +0.052% → +0.010%: $4.18
Slippage, 4 orders: −$113.44
Fee Phemex: 6 bp × 2 orders: −$12
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$110.26
Costs to cover: 1.354%
Break-even: 43.8 days

Slippage from Phemex: live order book, 2 min ago; ApeX Omni: live order book, 6 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 Phemex live order book, 2 min ago	1.41 bp	56.6 bp −$57	doesn't fit	doesn't fit	doesn't fit
Sell ApeX Omni live order book, 6 min ago	6.97 bp	12.4 bp −$12	35.1 bp −$351	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	−0.0718%	4h	1,412.8	+0.056%	$3.5M	$435K	10x	as long as short
Bybit SKHYNIXUSDT	0.0000%	8h	1,414.5	+0.175%	$20.6M	$33.1M	100x	as long as short
Gate SKHYNIX_USDT	0.0000%	4h	1,414.7	+0.194%	$143.2M	$65.4M	75x	as long as short
GRVT SKHYNIX_USDT_Perp	0.0000%	4h	1,415	+0.210%	$103K	$198K	10x	as long as short
Bullet SKHYNIX-USD	0.0000%	1h	1,413.8	+0.127%	$15K	$467K	10x	as long as short
SunX SKHYNIX-USDT	0.0000%	4h	1,414.2	+0.152%	$931	$713K	10x	as long as short
HTX SKHYNIX-USDT	0.0000%	4h	1,412.1	+0.008%	$1.3M	$2.2M	50x	as long as short
Phemex SKHYNIXUSDTlong	0.0000%	8h	1,412	long leg	$1.2M	$769K	10x
Polymarket Perps SKHYNIX-USD	+0.0050%	1h	1,414.4	+0.170%	$294K	$927K	10x	as long as short
SoDEX SKHX-USD	+0.0050%	1h	1,411.7	−0.022%	$751	$8K	10x	as long as short

Show all 23 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster SKHYNIXUSD1	+0.0086%	4h	1,413.7	+0.123%	$18.9M	$41.9M	20x	as long as short
tradeXYZ xyz:SKHX	+0.0086%	1h	1,413.1	+0.078%	$330.5M	$192.4M	10x	as long as short
KuCoin SKHYNIXUSDTM	+0.0100%	4h	1,413.2	+0.087%	$5.2M	$8.2M	20x	as long as short
ApeX Omni SKHYNIXUSDTshort	+0.0100%	1h	1,412.7	+0.052%	$147K	$262K	50x
Orderly PERP_SKHYNIX_USDC_mythos	+0.0100%	8h	1,413.1	+0.080%	$5K	$798	10x	as long as short
Aevo SKHX-PERP	+0.0104%	1h	1,414.1	+0.146%	$33K	—	10x	as long as short
BloFin SKHYNIX-USDT	+0.0167%	4h	1,412	+0.001%	$2.6M	$4.2M	50x	as long as short
Binance SKHYNIXUSDT	+0.0217%	4h	1,413.6	+0.113%	$354.5M	$741.3M	50x	as long as short
Extended SKHYNIX-USD	+0.0224%	1h	1,413.4	+0.097%	$2.4M	$182K	10x	as long as short
Bitget SKHYNIXUSDT	+0.0254%	4h	1,414.1	+0.148%	$24.0M	$25.2M	20x	as long as short
OKX SKHYNIX-USDT-SWAP	+0.0274%	8h	1,414.2	+0.156%	$54.6M	$111.1M	50x	as long as short
Pacifica SKHYNIX	+0.0467%	1h	1,413.8	+0.127%	$135K	$385K	10x	as long as short
Aftermath Perps SKHYNIXUSD	+0.2049%	1h	1,413.2	+0.084%	$704	$38K	5x	as long as short