Funding arb · Price arb /

SKHYNIX

RWAall SKHYNIX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0062%/8h= −6.8% APRpaid last 24h +0.019%

Price spread now: HTX against Polymarket Perps−0.025%7-day average +0.034% · you buy dearer than you sell

Net, funding: paid 7d − costs−$59as in the Funding arb table

Net, price: spread back to 7d avg − costs−$32as in the Price arb table

costs, in and out, $10k−$260.257% of the position

Long on Polymarket Perps Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.329%−$33 on $10k

Price spread, last 4 days (all we have)+0.026%+$3 · spread now −0.025%, 7d avg +0.034%

Together, before fees−0.303%−$30 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and HTX is 0.060% cheaper against Polymarket Perps than usual: you would sell low and buy high (−$6 if the spread goes back to its 7-day average of +0.034%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Polymarket Perps SKHYNIX-USD	1,388	0.0062	pay 0.0008% / 1h	37m 48s	$268K	$1.0M	10x
Short	HTX SKHYNIX-USDT	1,387.7	0	get 0.0000% / 4h	3h 37m	$1.3M	$2.4M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX against Polymarket Perps. 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 Polymarket PerpsbpFee HTXbpOrdersPrice spread, now −0.025%Rate

Funding earned: −$13.02
Price spread: −0.025% → +0.034%: −$5.96
Slippage, 4 orders: −$5.66
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee HTX: 6 bp × 2 orders: −$12
Net: −$44.65
Costs to cover: 0.257%
Break-even: never at this rate

Slippage from Polymarket Perps: live order book, just now; 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 Polymarket Perps live order book, just now	1.08 bp	5.1 bp −$5	5.2 bp −$52	9.1 bp −$911	doesn't fit
Sell HTX live order book, 1 min ago	0.04 bp	9.5 bp −$9	12.4 bp −$124	20.0 bp −$1,997	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	−0.0785%	4h	1,391.2	+0.234%	$3.4M	$372K	10x	as long as short
BloFin SKHYNIX-USDT	−0.0018%	4h	1,387.3	−0.050%	$2.6M	$4.1M	50x	as long as short
Aster SKHYNIXUSD1	0.0000%	4h	1,388.5	+0.039%	$18.6M	$39.0M	20x	as long as short
Extended SKHYNIX-USD	0.0000%	1h	1,388.3	+0.023%	$2.4M	$71K	10x	as long as short
Binance SKHYNIXUSDT	0.0000%	4h	1,388.3	+0.023%	$345.3M	$778.5M	50x	as long as short
Bybit SKHYNIXUSDT	0.0000%	8h	1,388.7	+0.052%	$20.2M	$31.8M	100x	as long as short
Gate SKHYNIX_USDT	0.0000%	4h	1,388.5	+0.037%	$142.4M	$67.5M	75x	as long as short
GRVT SKHYNIX_USDT_Perp	0.0000%	4h	1,390.9	+0.211%	$100K	$204K	10x	as long as short
SunX SKHYNIX-USDT	0.0000%	4h	1,388.9	+0.061%	$867	$582K	10x	as long as short
HTX SKHYNIX-USDTshort	0.0000%	4h	1,387.7	−0.025%	$1.3M	$2.4M	50x

Show all 23 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phemex SKHYNIXUSDT	0.0000%	8h	1,389.4	+0.099%	$1.2M	$772K	10x	as long as short
tradeXYZ xyz:SKHX	+0.0050%	1h	1,388.3	+0.022%	$306.6M	$222.7M	10x	as long as short
SoDEX SKHX-USD	+0.0050%	1h	1,388.3	+0.024%	$739	$8K	10x	as long as short
Bullet SKHYNIX-USD	+0.0054%	1h	1,388.2	+0.014%	$15K	$469K	10x	as long as short
Polymarket Perps SKHYNIX-USDlong	+0.0062%	1h	1,388	long leg	$268K	$1.0M	10x
Pacifica SKHYNIX	+0.0100%	1h	1,388.4	+0.026%	$121K	$395K	10x	as long as short
KuCoin SKHYNIXUSDTM	+0.0100%	4h	1,388.1	+0.006%	$5.1M	$8.0M	20x	as long as short
ApeX Omni SKHYNIXUSDT	+0.0100%	1h	1,393.3	+0.380%	$145K	$260K	50x	as long as short
Orderly PERP_SKHYNIX_USDC_mythos	+0.0100%	8h	1,388.4	+0.029%	$5K	$858	10x	as long as short
Aevo SKHX-PERP	+0.0104%	1h	1,389	+0.069%	$33K	—	10x	as long as short
Bitget SKHYNIXUSDT	+0.0238%	4h	1,388.6	+0.044%	$22.9M	$27.7M	20x	as long as short
Aftermath Perps SKHYNIXUSD	+0.0243%	1h	1,390.8	+0.199%	$663	$37K	5x	as long as short
OKX SKHYNIX-USDT-SWAP	+0.0406%	8h	1,389.3	+0.094%	$54.6M	$114.0M	50x	as long as short