Funding arb · Price arb /

SKHYNIX

RWAall SKHYNIX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.040%

Price spread now: HTX against Phemex−0.162%7-day average +0.002% · you buy dearer than you sell

Net, funding: paid 7d − costs−$100as in the Funding arb table

Net, price: spread back to 7d avg − costs−$130as in the Price arb table

costs, in and out, $10k−$1141.139% of the position

Long on Phemex Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.142%+$14 on $10k

Price spread, last 4 days (all we have)+0.254%+$25 · spread now −0.162%, 7d avg +0.002%

Together, before fees+0.396%+$40 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: HTX is 0.164% cheaper against Phemex than usual: you would sell low and buy high, −$16 on $10k if it goes back to its 7-day average of +0.002%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phemex SKHYNIXUSDT	1,409.6	0	get 0.0000% / 8h	5h 23m	$1.2M	$768K	10x
Short	HTX SKHYNIX-USDT	1,407.3	0	get 0.0000% / 4h	1h 23m	$1.3M	$2.4M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX 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 HTXbpOrdersPrice spread, now −0.162%Rate

Funding earned: $0
Price spread: −0.162% → +0.002%: −$16.41
Slippage, 4 orders: −$89.92
Fee Phemex: 6 bp × 2 orders: −$12
Fee HTX: 6 bp × 2 orders: −$12
Net: −$130.33
Costs to cover: 1.139%
Break-even: never at this rate

Slippage from Phemex: live order book, 5 min ago; HTX: 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	3.06 bp	50.8 bp −$51	doesn't fit	doesn't fit	doesn't fit
Sell HTX live order book, 1 min ago	0.04 bp	8.2 bp −$8	13.9 bp −$139	26.0 bp −$2,603	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	−0.0254%	4h	1,407.2	−0.171%	$3.5M	$396K	10x	as long as short
BloFin SKHYNIX-USDT	−0.0022%	4h	1,408.9	−0.048%	$2.7M	$4.1M	50x	as long as short
Aster SKHYNIXUSD1	0.0000%	4h	1,408.9	−0.053%	$18.9M	$39.9M	20x	as long as short
Bybit SKHYNIXUSDT	0.0000%	8h	1,409.9	+0.019%	$20.5M	$33.0M	100x	as long as short
Gate SKHYNIX_USDT	0.0000%	4h	1,409.9	+0.022%	$143.9M	$64.3M	75x	as long as short
GRVT SKHYNIX_USDT_Perp	0.0000%	4h	1,407.3	−0.167%	$102K	$194K	10x	as long as short
SunX SKHYNIX-USDT	0.0000%	4h	1,407.5	−0.151%	$1K	$640K	10x	as long as short
HTX SKHYNIX-USDTshort	0.0000%	4h	1,407.3	−0.162%	$1.3M	$2.4M	50x
Phemex SKHYNIXUSDTlong	0.0000%	8h	1,409.6	long leg	$1.2M	$768K	10x
Binance SKHYNIXUSDT	+0.0013%	4h	1,409	−0.046%	$351.2M	$749.9M	50x	as long as short

Show all 23 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended SKHYNIX-USD	+0.0016%	1h	1,408.6	−0.073%	$2.4M	$71K	10x	as long as short
SoDEX SKHX-USD	+0.0050%	1h	1,408.8	−0.055%	$750	$8K	10x	as long as short
Pacifica SKHYNIX	+0.0100%	1h	1,408.1	−0.108%	$126K	$389K	10x	as long as short
KuCoin SKHYNIXUSDTM	+0.0100%	4h	1,408.9	−0.053%	$5.2M	$8.1M	20x	as long as short
ApeX Omni SKHYNIXUSDT	+0.0100%	1h	1,407.1	−0.182%	$147K	$261K	50x	as long as short
Orderly PERP_SKHYNIX_USDC_mythos	+0.0100%	8h	1,408.9	−0.050%	$5K	$798	10x	as long as short
Aevo SKHX-PERP	+0.0104%	1h	1,409.6	−0.005%	$33K	—	10x	as long as short
tradeXYZ xyz:SKHX	+0.0153%	1h	1,408.5	−0.079%	$317.5M	$205.3M	10x	as long as short
Bullet SKHYNIX-USD	+0.0196%	1h	1,409	−0.046%	$14K	$467K	10x	as long as short
Polymarket Perps SKHYNIX-USD	+0.0215%	1h	1,408.6	−0.072%	$276K	$1.0M	10x	as long as short
Bitget SKHYNIXUSDT	+0.0332%	4h	1,409.7	+0.004%	$23.4M	$26.0M	20x	as long as short
OKX SKHYNIX-USDT-SWAP	+0.0335%	8h	1,409.8	+0.013%	$55.9M	$114.5M	50x	as long as short
Aftermath Perps SKHYNIXUSD	+0.0548%	1h	1,407.8	−0.127%	$671	$38K	5x	as long as short