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 0.000%

Price spread now: SunX against Phemex−0.069%7-day average −0.022% · you buy dearer than you sell

Net, funding: paid 7d − costs−$153as in the Funding arb table

Net, price: spread back to 7d avg − costs−$157as in the Price arb table

costs, in and out, $10k−$1531.527% of the position

Long on Phemex Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days0.000%$0 on $10k

Price spread, last 4 days (all we have)+0.154%+$15 · spread now −0.069%, 7d avg −0.022%

Together, before fees+0.154%+$15 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: SunX is 0.046% cheaper against Phemex than usual: you would sell low and buy high, −$5 on $10k if it goes back to its 7-day average of −0.022%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phemex SKHYNIXUSDT	1,411.1	0	get 0.0000% / 8h	4h 34m	$1.2M	$766K	10x
Short	SunX SKHYNIX-USDT	1,410.1	0	get 0.0000% / 4h	34m 23s	$1K	$617K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now −0.069%Rate

Funding earned: $0
Price spread: −0.069% → −0.022%: −$4.63
Slippage, 4 orders: −$132.69
Fee Phemex: 6 bp × 2 orders: −$12
Fee SunX: 4 bp × 2 orders: −$8
Net: −$157.32
Costs to cover: 1.527%
Break-even: never at this rate

Slippage from Phemex: live order book, 3 min ago; SunX: live order book, 57 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	1.74 bp	44.3 bp −$44	doesn't fit	doesn't fit	doesn't fit
Sell SunX live order book, 57 min ago	28.04 bp	32.0 bp −$32	doesn't fit	doesn't fit	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	−0.0123%	4h	1,410.4	−0.046%	$3.5M	$373K	10x	as long as short
BloFin SKHYNIX-USDT	−0.0027%	4h	1,410.3	−0.056%	$2.7M	$4.1M	50x	as long as short
Aster SKHYNIXUSD1	0.0000%	4h	1,410.1	−0.069%	$18.8M	$39.8M	20x	as long as short
Extended SKHYNIX-USD	0.0000%	1h	1,409.5	−0.112%	$2.4M	$71K	10x	as long as short
Binance SKHYNIXUSDT	0.0000%	4h	1,410.4	−0.048%	$349.6M	$750.4M	50x	as long as short
Bybit SKHYNIXUSDT	0.0000%	8h	1,410.9	−0.010%	$20.5M	$32.0M	100x	as long as short
Gate SKHYNIX_USDT	0.0000%	4h	1,411.1	+0.003%	$143.2M	$64.5M	75x	as long as short
GRVT SKHYNIX_USDT_Perp	0.0000%	4h	1,410.7	−0.024%	$102K	$198K	10x	as long as short
SunX SKHYNIX-USDTshort	0.0000%	4h	1,410.1	−0.069%	$1K	$617K	10x
HTX SKHYNIX-USDT	0.0000%	4h	1,411.3	+0.016%	$1.3M	$2.4M	50x	as long as short

Show all 23 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phemex SKHYNIXUSDTlong	0.0000%	8h	1,411.1	long leg	$1.2M	$766K	10x
Bullet SKHYNIX-USD	+0.0021%	1h	1,410.3	−0.055%	$14K	$470K	10x	as long as short
tradeXYZ xyz:SKHX	+0.0050%	1h	1,409.5	−0.111%	$317.2M	$208.4M	10x	as long as short
Polymarket Perps SKHYNIX-USD	+0.0050%	1h	1,410.3	−0.055%	$276K	$1.0M	10x	as long as short
SoDEX SKHX-USD	+0.0050%	1h	1,410.6	−0.036%	$750	$8K	10x	as long as short
Pacifica SKHYNIX	+0.0100%	1h	1,410.1	−0.069%	$128K	$386K	10x	as long as short
KuCoin SKHYNIXUSDTM	+0.0100%	4h	1,410	−0.074%	$5.2M	$8.1M	20x	as long as short
ApeX Omni SKHYNIXUSDT	+0.0100%	1h	1,410.8	−0.019%	$147K	$260K	50x	as long as short
Orderly PERP_SKHYNIX_USDC_mythos	+0.0100%	8h	1,410.6	−0.035%	$5K	$798	10x	as long as short
Aevo SKHX-PERP	+0.0104%	1h	1,411	−0.004%	$33K	—	10x	as long as short
Bitget SKHYNIXUSDT	+0.0246%	4h	1,410.4	−0.046%	$23.4M	$26.1M	20x	as long as short
Aftermath Perps SKHYNIXUSD	+0.0305%	1h	1,410	−0.079%	$672	$38K	5x	as long as short
OKX SKHYNIX-USDT-SWAP	+0.0338%	8h	1,410.7	−0.026%	$55.9M	$114.3M	50x	as long as short