Funding arb · Price arb /

SKHYNIX

RWAall SKHYNIX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0238%/8h= −26.1% APRpaid last 24h −0.009%

Price spread now: SunX against Polymarket Perps−0.007%7-day average +0.014% · you buy dearer than you sell

Net, funding: paid 7d − costs−$121as in the Funding arb table

Net, price: spread back to 7d avg − costs−$81as in the Price arb table

costs, in and out, $10k−$790.790% of the position

Long on Polymarket Perps Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.422%−$42 on $10k

Price spread, last 4 days (all we have)+0.011%+$1 · spread now −0.007%, 7d avg +0.014%

Together, before fees−0.411%−$41 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$7 a day on $10k at the current rate, and SunX is 0.022% cheaper against Polymarket Perps than usual: you would sell low and buy high (−$2 if the spread goes back to its 7-day average of +0.014%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Polymarket Perps SKHYNIX-USD	1,365.8	0.0238	pay 0.0030% / 1h	9m 50s	$263K	$996K	10x
Short	SunX SKHYNIX-USDT	1,365.7	0	get 0.0000% / 4h	2h 09m	$1K	$531K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now −0.007%Rate

Funding earned: −$50.05
Price spread: −0.007% → +0.014%: −$2.18
Slippage, 4 orders: −$63.03
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee SunX: 4 bp × 2 orders: −$8
Net: −$131.25
Costs to cover: 0.790%
Break-even: never at this rate

Slippage from Polymarket Perps: live order book, 18 min ago; SunX: live order book, 61 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, 18 min ago	2.22 bp	8.7 bp −$9	9.1 bp −$91	11.3 bp −$1,132	doesn't fit
Sell SunX live order book, 61 min ago	28.08 bp	32.1 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	−0.0804%	4h	1,361	−0.350%	$3.3M	$429K	10x	as long as short
Aster SKHYNIXUSD1	0.0000%	4h	1,367.4	+0.119%	$18.6M	$37.0M	20x	as long as short
Extended SKHYNIX-USD	0.0000%	1h	1,366.2	+0.030%	$2.3M	$78K	10x	as long as short
Binance SKHYNIXUSDT	0.0000%	4h	1,367.1	+0.095%	$336.9M	$884.9M	50x	as long as short
Bybit SKHYNIXUSDT	0.0000%	8h	1,367.6	+0.130%	$19.6M	$31.4M	100x	as long as short
Gate SKHYNIX_USDT	0.0000%	4h	1,368.2	+0.177%	$143.5M	$76.2M	75x	as long as short
SunX SKHYNIX-USDTshort	0.0000%	4h	1,365.7	−0.007%	$1K	$531K	10x
HTX SKHYNIX-USDT	0.0000%	4h	1,365.1	−0.053%	$1.3M	$2.4M	50x	as long as short
Phemex SKHYNIXUSDT	0.0000%	8h	1,366	+0.012%	$1.2M	$776K	10x	as long as short
BloFin SKHYNIX-USDT	+0.0039%	4h	1,365.7	−0.007%	$2.6M	$4.0M	50x	as long as short

Show all 23 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SoDEX SKHX-USD	+0.0050%	1h	1,365.1	−0.049%	$726	$8K	10x	as long as short
tradeXYZ xyz:SKHX	+0.0083%	1h	1,364.4	−0.103%	$296.3M	$249.6M	10x	as long as short
Pacifica SKHYNIX	+0.0100%	1h	1,365.1	−0.054%	$104K	$426K	10x	as long as short
KuCoin SKHYNIXUSDTM	+0.0100%	4h	1,366.2	+0.029%	$5.0M	$8.2M	20x	as long as short
ApeX Omni SKHYNIXUSDT	+0.0100%	1h	1,362.1	−0.271%	$142K	$259K	50x	as long as short
Orderly PERP_SKHYNIX_USDC_mythos	+0.0100%	8h	1,365.1	−0.050%	$5K	$858	10x	as long as short
GRVT SKHYNIX_USDT_Perp	+0.0102%	4h	1,358.9	−0.509%	$97K	$213K	10x	as long as short
Aevo SKHX-PERP	+0.0104%	1h	1,365.8	+0.003%	$32K	—	10x	as long as short
Aftermath Perps SKHYNIXUSD	+0.0220%	1h	1,361.2	−0.338%	$668	$37K	5x	as long as short
Bullet SKHYNIX-USD	+0.0231%	1h	1,365.7	−0.011%	$16K	$470K	10x	as long as short
Polymarket Perps SKHYNIX-USDlong	+0.0238%	1h	1,365.8	long leg	$263K	$996K	10x
Bitget SKHYNIXUSDT	+0.0262%	4h	1,367.6	+0.129%	$22.6M	$32.2M	20x	as long as short
OKX SKHYNIX-USDT-SWAP	+0.0376%	8h	1,367.9	+0.154%	$53.7M	$126.6M	50x	as long as short