Funding arb · Price arb /

SKHYNIX

RWAall SKHYNIX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.035%

Price spread now: Bybit against Phemex+0.121%7-day average +0.001% · you sell dearer than you buy

Net, funding: paid 7d − costs−$118as in the Funding arb table

Net, price: spread back to 7d avg − costs−$116as in the Price arb table

costs, in and out, $10k−$1281.281% of the position

Long on Phemex Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days+0.101%+$10 on $10k

Price spread, last 3 days (all we have)−0.119%−$12 · spread now +0.121%, 7d avg +0.001%

Together, before fees−0.017%−$2 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bybit is 0.120% dearer against Phemex than usual: you sell high and buy low, +$12 on $10k if it goes back to its 7-day average of +0.001%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phemex SKHYNIXUSDT	1,409.8	0	get 0.0000% / 8h	6h 34m	$1.2M	$768K	10x
Short	Bybit SKHYNIXUSDT	1,411.5	0	get 0.0000% / 8h	6h 34m	$20.6M	$33.0M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now +0.121%Rate

Funding earned: $0
Price spread: +0.121% → +0.001%: $11.97
Slippage, 4 orders: −$105.07
Fee Phemex: 6 bp × 2 orders: −$12
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$116.1
Costs to cover: 1.281%
Break-even: never at this rate

Slippage from Phemex: live order book, 3 min ago; Bybit: 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, 3 min ago	3.44 bp	55.2 bp −$55	doesn't fit	doesn't fit	doesn't fit
Sell Bybit live order book, 4 min ago	0.53 bp	9.1 bp −$9	16.9 bp −$169	52.6 bp −$5,262	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	−0.0208%	4h	1,408	−0.131%	$3.5M	$398K	10x	as long as short
Aster SKHYNIXUSD1	0.0000%	4h	1,410.4	+0.040%	$18.9M	$41.3M	20x	as long as short
Bybit SKHYNIXUSDTshort	0.0000%	8h	1,411.5	+0.121%	$20.6M	$33.0M	100x
Gate SKHYNIX_USDT	0.0000%	4h	1,411.5	+0.116%	$142.7M	$63.1M	75x	as long as short
GRVT SKHYNIX_USDT_Perp	0.0000%	4h	1,408.8	−0.074%	$101K	$197K	10x	as long as short
SunX SKHYNIX-USDT	0.0000%	4h	1,409.7	−0.006%	$968	$681K	10x	as long as short
HTX SKHYNIX-USDT	0.0000%	4h	1,410.3	+0.037%	$1.3M	$2.2M	50x	as long as short
Phemex SKHYNIXUSDTlong	0.0000%	8h	1,409.8	long leg	$1.2M	$768K	10x
Bullet SKHYNIX-USD	+0.0016%	1h	1,410	+0.013%	$15K	$467K	10x	as long as short
SoDEX SKHX-USD	+0.0050%	1h	1,409.8	−0.003%	$750	$8K	10x	as long as short

Show all 23 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica SKHYNIX	+0.0100%	1h	1,409.6	−0.013%	$129K	$390K	10x	as long as short
KuCoin SKHYNIXUSDTM	+0.0100%	4h	1,410.1	+0.019%	$5.2M	$8.1M	20x	as long as short
ApeX Omni SKHYNIXUSDT	+0.0100%	1h	1,408.8	−0.070%	$147K	$261K	50x	as long as short
Orderly PERP_SKHYNIX_USDC_mythos	+0.0100%	8h	1,409.8	−0.001%	$5K	$798	10x	as long as short
Aevo SKHX-PERP	+0.0104%	1h	1,410.3	+0.034%	$33K	—	10x	as long as short
Binance SKHYNIXUSDT	+0.0109%	4h	1,410.2	+0.028%	$353.1M	$743.0M	50x	as long as short
Extended SKHYNIX-USD	+0.0112%	1h	1,410	+0.010%	$2.4M	$78K	10x	as long as short
Polymarket Perps SKHYNIX-USD	+0.0123%	1h	1,410.3	+0.034%	$294K	$947K	10x	as long as short
tradeXYZ xyz:SKHX	+0.0133%	1h	1,409.9	+0.006%	$322.0M	$200.3M	10x	as long as short
BloFin SKHYNIX-USDT	+0.0228%	4h	1,411.8	+0.138%	$2.6M	$4.2M	50x	as long as short
Bitget SKHYNIXUSDT	+0.0236%	4h	1,411	+0.082%	$23.9M	$25.3M	20x	as long as short
OKX SKHYNIX-USDT-SWAP	+0.0273%	8h	1,411.1	+0.091%	$54.2M	$111.5M	50x	as long as short
Aftermath Perps SKHYNIXUSD	+0.1358%	1h	1,408.4	−0.099%	$702	$38K	5x	as long as short