Funding you earn now, next payment 04:00 UTC+0.0074%/8h= +8.1% APRpaid last 24h +0.100%
Price spread now: BloFin against Phemex−0.072%59s7-day average −0.022% · you buy dearer than you sell
Net, funding: paid 7d − costs−$72as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$1101.098% of the position
Funding, last 7 days+0.380%+$38 on $10k
+Price spread, last 4 days (all we have)+0.064%+$6 · spread now −0.072%, 7d avg −0.022%
=Funding pays, the price is against you. BloFin is 0.049% cheaper against Phemex than usual: you would sell low and buy high (spread −0.072% now, against its 7-day average of −0.022%). If the spread goes back, that is −$5 on $10k: about 2.2 days of funding at the current rate (+$2 a day). At the pace of the last 7 days (+0.380% in total) that is about 22 hours. The two prices were read 59 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 | Phemex SKHYNIXUSDT | 1,408.7 | 0 | get 0.0000% / 8h | 5h 24m | $1.2M | $768K | 10x |
| Short | BloFin SKHYNIX-USDT | 1,407.7 | 0.0074 | get 0.0037% / 4h | 1h 24m | $2.7M | $4.1M | 50x |
Phemex SKHYNIXUSDT
BloFin SKHYNIX-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin against Phemex. 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
- $15.52
- Price spread: −0.072% → −0.022%
- −$4.93
- Slippage, 4 orders
- −$85.78
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$99.19
- Costs to cover
- 1.098%
- Break-even
- 51.7 days
Slippage from Phemex: live order book, 4 min ago; BloFin: 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 Phemex live order book, 4 min ago | 3.06 bp | 50.8 bp −$51 | doesn't fit | doesn't fit | doesn't fit |
| Sell BloFin live order book, 4 min ago | 0.04 bp | 6.1 bp −$6 | 7.7 bp −$77 | 13.0 bp −$1,301 | 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 | −0.0977% | 4h | 1,406.8 | −0.135% | $3.5M | $396K | 10x | as long as short |
| Aster SKHYNIXUSD1 | 0.0000% | 4h | 1,407.9 | −0.055% | $18.9M | $39.9M | 20x | as long as short |
| Bybit SKHYNIXUSDT | 0.0000% | 8h | 1,409.2 | +0.035% | $20.5M | $33.0M | 100x | as long as short |
| Gate SKHYNIX_USDT | 0.0000% | 4h | 1,409.1 | +0.031% | $143.8M | $64.3M | 75x | as long as short |
| GRVT SKHYNIX_USDT_Perp | 0.0000% | 4h | 1,407.3 | −0.100% | $102K | $194K | 10x | as long as short |
| SunX SKHYNIX-USDT | 0.0000% | 4h | 1,407.5 | −0.084% | $1K | $640K | 10x | as long as short |
| HTX SKHYNIX-USDT | 0.0000% | 4h | 1,407.3 | −0.095% | $1.3M | $2.4M | 50x | as long as short |
| Phemex SKHYNIXUSDTlong | 0.0000% | 8h | 1,408.7 | long leg | $1.2M | $768K | 10x | |
| Binance SKHYNIXUSDT | +0.0013% | 4h | 1,408.5 | −0.016% | $351.1M | $749.7M | 50x | as long as short |
| Extended SKHYNIX-USD | +0.0016% | 1h | 1,407.5 | −0.083% | $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 | 1,408.3 | −0.024% | $749 | $8K | 10x | as long as short |
| BloFin SKHYNIX-USDTshort | +0.0074% | 4h | 1,407.7 | −0.072% | $2.7M | $4.1M | 50x | |
| Pacifica SKHYNIX | +0.0100% | 1h | 1,407.4 | −0.093% | $126K | $389K | 10x | as long as short |
| KuCoin SKHYNIXUSDTM | +0.0100% | 4h | 1,408 | −0.045% | $5.2M | $8.1M | 20x | as long as short |
| ApeX Omni SKHYNIXUSDT | +0.0100% | 1h | 1,407.6 | −0.075% | $147K | $261K | 50x | as long as short |
| Orderly PERP_SKHYNIX_USDC_mythos | +0.0100% | 8h | 1,407.1 | −0.113% | $5K | $798 | 10x | as long as short |
| Aevo SKHX-PERP | +0.0104% | 1h | 1,408.3 | −0.029% | $33K | — | 10x | as long as short |
| tradeXYZ xyz:SKHX | +0.0154% | 1h | 1,407.8 | −0.062% | $317.4M | $205.2M | 10x | as long as short |
| Bullet SKHYNIX-USD | +0.0196% | 1h | 1,407.8 | −0.062% | $14K | $467K | 10x | as long as short |
| Polymarket Perps SKHYNIX-USD | +0.0214% | 1h | 1,407.1 | −0.112% | $276K | $1.0M | 10x | as long as short |
| Bitget SKHYNIXUSDT | +0.0330% | 4h | 1,409.1 | +0.031% | $23.4M | $26.0M | 20x | as long as short |
| OKX SKHYNIX-USDT-SWAP | +0.0335% | 8h | 1,409.3 | +0.044% | $55.8M | $114.5M | 50x | as long as short |
| Aftermath Perps SKHYNIXUSD | +0.0557% | 1h | 1,407.1 | −0.110% | $671 | $38K | 5x | as long as short |
SoDEX SKHX-USD
Pacifica SKHYNIX
KuCoin SKHYNIXUSDTM
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