Funding you earn now, next payment 12:00 UTC−0.1820%/8h= −199.3% APRpaid last 24h −0.107%
Price spread now: edgeX against Phemex−0.320%78s7-day average −0.027% · you buy dearer than you sell
Net, funding: paid 7d − costs−$84as 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−$1431.434% of the position
Funding, last 7 days+0.595%+$59 on $10k
+Price spread, last 4 days (all we have)+0.427%+$43 · spread now −0.320%, 7d avg −0.027%
=Together, before fees+1.022%+ Points / potential airdropedgeX: Active · farm board+$102 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$55 a day on $10k at the current rate, and edgeX is 0.293% cheaper against Phemex than usual: you would sell low and buy high (−$29 if the spread goes back to its 7-day average of −0.027%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.595%, so the current rate has only just turned against you. The two prices were read 78 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.595% in total (about 31.0% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phemex SKHYNIXUSDT | 1,335 | 0 | get 0.0000% / 8h | 7h 19m | $1.2M | $779K | 10x |
| Short | edgeX SKHYNIXUSDC | 1,330.7 | −0.1820 | pay 0.0910% / 4h | 3h 19m | $3.2M | $429K | 10x |
Phemex SKHYNIXUSDT
edgeX SKHYNIXUSDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
edgeX 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
- −$382.2
- Price spread: −0.320% → −0.027%
- −$29.25
- Slippage, 4 orders
- −$122.37
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Net
- −$554.82
- Costs to cover
- 1.434%
- Break-even
- never at this rate
Slippage from Phemex: live order book, 3 min ago; edgeX: 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 | 3.30 bp | 58.2 bp −$58 | doesn't fit | doesn't fit | doesn't fit |
| Sell edgeX live order book, 4 min ago | 10.06 bp | 14.9 bp −$15 | 27.6 bp −$276 | 83.9 bp −$8,389 | 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 | |
|---|---|---|---|---|---|---|---|---|
| GRVT SKHYNIX_USDT_Perp | −0.4522% | 4h | 1,331.1 | −0.291% | $96K | $227K | 10x | as long as short |
| HTX SKHYNIX-USDT | −0.3231% | 4h | 1,334.2 | −0.057% | $1.2M | $2.7M | 50x | as long as short |
| edgeX SKHYNIXUSDCshort | −0.1820% | 4h | 1,330.7 | −0.320% | $3.2M | $429K | 10x | |
| ApeX Omni SKHYNIXUSDT | −0.1720% | 1h | 1,331.3 | −0.276% | $139K | $259K | 50x | as long as short |
| BloFin SKHYNIX-USDT | −0.1045% | 4h | 1,333.8 | −0.086% | $2.5M | $4.0M | 50x | as long as short |
| Extended SKHYNIX-USD | −0.1040% | 1h | 1,335.3 | +0.024% | $2.3M | $85K | 10x | as long as short |
| Binance SKHYNIXUSDT | −0.1038% | 4h | 1,335.6 | +0.049% | $326.1M | $991.1M | 50x | as long as short |
| SunX SKHYNIX-USDT | −0.1006% | 4h | 1,334.6 | −0.028% | $974 | $442K | 10x | as long as short |
| Bybit SKHYNIXUSDT | −0.0969% | 8h | 1,335.9 | +0.071% | $18.3M | $31.6M | 100x | as long as short |
| KuCoin SKHYNIXUSDTM | −0.0922% | 4h | 1,334.9 | −0.008% | $5.1M | $8.3M | 20x | as long as short |
GRVT SKHYNIX_USDT_Perp
HTX SKHYNIX-USDT
ApeX Omni SKHYNIXUSDT
BloFin SKHYNIX-USDT
Extended SKHYNIX-USD
Binance SKHYNIXUSDT
SunX SKHYNIX-USDT
Bybit SKHYNIXUSDT
KuCoin SKHYNIXUSDTMShow all 23 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster SKHYNIXUSD1 | −0.0765% | 4h | 1,336.3 | +0.100% | $18.0M | $25.5M | 20x | as long as short |
| Bitget SKHYNIXUSDT | −0.0644% | 4h | 1,335 | −0.003% | $21.3M | $36.9M | 20x | as long as short |
| Aftermath Perps SKHYNIXUSD | −0.0294% | 1h | 1,334 | −0.077% | $727 | $35K | 5x | as long as short |
| Gate SKHYNIX_USDT | 0.0000% | 4h | 1,334.8 | −0.015% | $137.8M | $76.8M | 75x | as long as short |
| Phemex SKHYNIXUSDTlong | 0.0000% | 8h | 1,335 | long leg | $1.2M | $779K | 10x | |
| Polymarket Perps SKHYNIX-USD | +0.0050% | 1h | 1,334.4 | −0.044% | $250K | $974K | 10x | as long as short |
| SoDEX SKHX-USD | +0.0050% | 1h | 1,334.4 | −0.048% | $390 | $8K | 10x | as long as short |
| Orderly PERP_SKHYNIX_USDC_mythos | +0.0086% | 8h | 1,334.4 | −0.046% | $5K | $1K | 10x | as long as short |
| Aevo SKHX-PERP | +0.0104% | 1h | 1,334.4 | −0.046% | $31K | — | 10x | as long as short |
| OKX SKHYNIX-USDT-SWAP | +0.0215% | 8h | 1,335.8 | +0.061% | $51.3M | $134.8M | 50x | as long as short |
| Pacifica SKHYNIX | +0.0285% | 1h | 1,334.5 | −0.037% | $103K | $444K | 10x | as long as short |
| tradeXYZ xyz:SKHX | +0.0327% | 1h | 1,334.7 | −0.022% | $294.6M | $282.1M | 10x | as long as short |
| Bullet SKHYNIX-USD | +0.0566% | 1h | 1,334.5 | −0.038% | $13K | $466K | 10x | as long as short |
Aster SKHYNIXUSD1
Bitget SKHYNIXUSDT
Aftermath Perps SKHYNIXUSD
Gate SKHYNIX_USDT
Polymarket Perps SKHYNIX-USD
SoDEX SKHX-USD
Orderly PERP_SKHYNIX_USDC_mythos
Aevo SKHX-PERP
OKX SKHYNIX-USDT-SWAP
Pacifica SKHYNIX
tradeXYZ xyz:SKHX
Bullet SKHYNIX-USD