Funding you earn now, next payment 08:00 UTC+0.0274%/8h= +30.1% APRnext payment +$2.74 per $10,000 · paid last 24h +0.084%
Price spread now: OKX against Phemex+0.050%7-day average −0.002% · you sell dearer than you buy
Net, funding: paid 7d − costs−$87as in the Funding arb table
Net, price: spread back to 7d avg − costs−$118as in the Price arb table
costs, in and out, $10k−$1231.230% of the position
Funding, last 7 days+0.363%+$36 on $10k
+Price spread, last 3 days (all we have)−0.068%−$7 · spread now +0.050%, 7d avg −0.002%
=Both sides work for this trade now. Funding pays +$8 a day on $10k at the current rate, and OKX is 0.051% dearer against Phemex than usual: you sell high and buy low: +$5 more if the spread 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 | 1,413.6 | 0 | get 0.0000% / 8h | 7h 00m | $1.2M | $769K | 10x |
| Short | OKX SKHYNIX-USDT-SWAP | 1,414.3 | 0.0274 | get 0.0274% / 8h | 7h 00m | $54.6M | $111.1M | 50x |
Phemex SKHYNIXUSDT
OKX SKHYNIX-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX 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
- $57.63
- Price spread: +0.050% → −0.002%
- $5.15
- Slippage, 4 orders
- −$100.96
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$60.18
- Costs to cover
- 1.230%
- Break-even
- 14.3 days
Slippage from Phemex: live order book, 2 min ago; OKX: 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, 2 min ago | 1.41 bp | 56.6 bp −$57 | doesn't fit | doesn't fit | doesn't fit |
| Sell OKX live order book, 4 min ago | 0.35 bp | 6.0 bp −$6 | 7.6 bp −$76 | 18.9 bp −$1,894 | 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 | −0.0718% | 4h | 1,412.8 | −0.058% | $3.5M | $435K | 10x | as long as short |
| Bybit SKHYNIXUSDT | 0.0000% | 8h | 1,414.5 | +0.062% | $20.6M | $33.1M | 100x | as long as short |
| Gate SKHYNIX_USDT | 0.0000% | 4h | 1,414.7 | +0.081% | $143.2M | $65.4M | 75x | as long as short |
| GRVT SKHYNIX_USDT_Perp | 0.0000% | 4h | 1,415 | +0.096% | $103K | $198K | 10x | as long as short |
| Bullet SKHYNIX-USD | 0.0000% | 1h | 1,413.8 | +0.014% | $15K | $467K | 10x | as long as short |
| SunX SKHYNIX-USDT | 0.0000% | 4h | 1,413.8 | +0.017% | $930 | $713K | 10x | as long as short |
| HTX SKHYNIX-USDT | 0.0000% | 4h | 1,414 | +0.028% | $1.3M | $2.2M | 50x | as long as short |
| Phemex SKHYNIXUSDTlong | 0.0000% | 8h | 1,413.6 | long leg | $1.2M | $769K | 10x | |
| Polymarket Perps SKHYNIX-USD | +0.0050% | 1h | 1,414.4 | +0.057% | $294K | $927K | 10x | as long as short |
| SoDEX SKHX-USD | +0.0050% | 1h | 1,413.2 | −0.030% | $752 | $8K | 10x | as long as short |
edgeX SKHYNIXUSDC
Bybit SKHYNIXUSDT
Gate SKHYNIX_USDT
GRVT SKHYNIX_USDT_Perp
Bullet SKHYNIX-USD
SunX SKHYNIX-USDT
HTX SKHYNIX-USDT
Polymarket Perps SKHYNIX-USD
SoDEX SKHX-USDShow all 23 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster SKHYNIXUSD1 | +0.0086% | 4h | 1,413.6 | +0.001% | $18.9M | $41.9M | 20x | as long as short |
| tradeXYZ xyz:SKHX | +0.0086% | 1h | 1,413.1 | −0.035% | $330.5M | $192.4M | 10x | as long as short |
| KuCoin SKHYNIXUSDTM | +0.0100% | 4h | 1,412.9 | −0.050% | $5.2M | $8.2M | 20x | as long as short |
| ApeX Omni SKHYNIXUSDT | +0.0100% | 1h | 1,412.7 | −0.062% | $147K | $262K | 50x | as long as short |
| Orderly PERP_SKHYNIX_USDC_mythos | +0.0100% | 8h | 1,413.1 | −0.033% | $5K | $798 | 10x | as long as short |
| Aevo SKHX-PERP | +0.0104% | 1h | 1,414.1 | +0.033% | $33K | — | 10x | as long as short |
| BloFin SKHYNIX-USDT | +0.0167% | 4h | 1,412 | −0.112% | $2.6M | $4.2M | 50x | as long as short |
| Extended SKHYNIX-USD | +0.0216% | 1h | 1,413 | −0.041% | $2.4M | $182K | 10x | as long as short |
| Binance SKHYNIXUSDT | +0.0217% | 4h | 1,413.3 | −0.018% | $354.5M | $741.8M | 50x | as long as short |
| Bitget SKHYNIXUSDT | +0.0254% | 4h | 1,413.8 | +0.015% | $24.0M | $25.2M | 20x | as long as short |
| OKX SKHYNIX-USDT-SWAPshort | +0.0274% | 8h | 1,414.3 | +0.050% | $54.6M | $111.1M | 50x | |
| Pacifica SKHYNIX | +0.0467% | 1h | 1,413.8 | +0.014% | $135K | $385K | 10x | as long as short |
| Aftermath Perps SKHYNIXUSD | +0.2049% | 1h | 1,413.2 | −0.029% | $704 | $38K | 5x | as long as short |
Aster SKHYNIXUSD1
tradeXYZ xyz:SKHX
KuCoin SKHYNIXUSDTM
ApeX Omni SKHYNIXUSDT
Orderly PERP_SKHYNIX_USDC_mythos
Aevo SKHX-PERP
BloFin SKHYNIX-USDT
Extended SKHYNIX-USD
Binance SKHYNIXUSDT
Bitget SKHYNIXUSDT
Pacifica SKHYNIX
Aftermath Perps SKHYNIXUSD