Funding arb · Price arb /

SKHYNIX

RWAall SKHYNIX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.017%

Price spread now: Gate against Phemex+0.025%7-day average +0.005% · you sell dearer than you buy

Net, funding: paid 7d − costs−$127as in the Funding arb table

Net, price: spread back to 7d avg − costs−$132as in the Price arb table

costs, in and out, $10k−$1341.339% of the position

Long on Phemex Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days+0.066%+$7 on $10k

Price spread, last 4 days (all we have)+0.050%+$5 · spread now +0.025%, 7d avg +0.005%

Together, before fees+0.116%+$12 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: Gate is 0.021% dearer against Phemex than usual: you sell high and buy low, +$2 on $10k if it goes back to its 7-day average of +0.005%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phemex SKHYNIXUSDT	1,352	0	get 0.0000% / 8h	6h 15m	$1.2M	$784K	10x
Short	Gate SKHYNIX_USDT	1,352.3	0	get 0.0000% / 4h	2h 15m	$139.6M	$79.1M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now +0.025%Rate

Funding earned: $0
Price spread: +0.025% → +0.005%: $2.05
Slippage, 4 orders: −$106.94
Fee Phemex: 6 bp × 2 orders: −$12
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$131.89
Costs to cover: 1.339%
Break-even: never at this rate

Slippage from Phemex: live order book, 5 min ago; Gate: live order book, 1 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, 5 min ago	1.33 bp	63.2 bp −$63	doesn't fit	doesn't fit	doesn't fit
Sell Gate live order book, 1 min ago	0.48 bp	11.1 bp −$11	24.5 bp −$245	37.4 bp −$3,738	62.3 bp −$31.2K

SKHYNIX on 23 exchanges

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	−0.0869%	4h	1,347.8	−0.308%	$3.3M	$430K	10x	as long as short
tradeXYZ xyz:SKHX	−0.0642%	1h	1,352.3	+0.024%	$296.7M	$299.2M	10x	as long as short
Bullet SKHYNIX-USD	−0.0558%	1h	1,352.1	+0.010%	$14K	$466K	10x	as long as short
Polymarket Perps SKHYNIX-USD	−0.0412%	1h	1,352.2	+0.017%	$241K	$974K	10x	as long as short
Aftermath Perps SKHYNIXUSD	−0.0262%	1h	1,352.1	+0.008%	$763	$34K	5x	as long as short
SoDEX SKHX-USD	−0.0194%	1h	1,352.2	+0.013%	$395	$8K	10x	as long as short
Pacifica SKHYNIX	−0.0049%	1h	1,351.7	−0.020%	$109K	$465K	10x	as long as short
Aster SKHYNIXUSD1	0.0000%	4h	1,350.2	−0.128%	$18.0M	$23.1M	20x	as long as short
Extended SKHYNIX-USD	0.0000%	1h	1,351.4	−0.044%	$2.3M	$85K	10x	as long as short
Binance SKHYNIXUSDT	0.0000%	4h	1,351.7	−0.019%	$325.9M	$1.02B	50x	as long as short

Show all 23 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit SKHYNIXUSDT	0.0000%	8h	1,352.2	+0.014%	$18.5M	$32.2M	100x	as long as short
OKX SKHYNIX-USDT-SWAP	0.0000%	8h	1,351.8	−0.013%	$51.1M	$142.5M	50x	as long as short
Gate SKHYNIX_USDTshort	0.0000%	4h	1,352.3	+0.025%	$139.6M	$79.1M	75x
Bitget SKHYNIXUSDT	0.0000%	4h	1,352.3	+0.027%	$21.5M	$38.3M	20x	as long as short
SunX SKHYNIX-USDT	0.0000%	4h	1,351	−0.074%	$1K	$428K	10x	as long as short
Phemex SKHYNIXUSDTlong	0.0000%	8h	1,352	long leg	$1.2M	$784K	10x
BloFin SKHYNIX-USDT	+0.0035%	4h	1,349.2	−0.203%	$2.5M	$4.1M	50x	as long as short
KuCoin SKHYNIXUSDTM	+0.0100%	4h	1,350.2	−0.132%	$5.1M	$8.3M	20x	as long as short
Orderly PERP_SKHYNIX_USDC_mythos	+0.0100%	8h	1,349.9	−0.150%	$5K	$1K	10x	as long as short
Aevo SKHX-PERP	+0.0104%	1h	1,352.2	+0.019%	$32K	—	10x	as long as short
HTX SKHYNIX-USDT	+0.0224%	4h	1,352.2	+0.019%	$1.3M	$2.8M	50x	as long as short
ApeX Omni SKHYNIXUSDT	+0.0258%	1h	1,349.5	−0.185%	$141K	$260K	50x	as long as short
GRVT SKHYNIX_USDT_Perp	+0.0734%	4h	1,348.3	−0.270%	$98K	$212K	10x	as long as short