SKHX (SK Hynix) tokenized / RWA perpetual funding rates — also called perpetual swap funding rates — are aggregated live by exchange across 4 venues on ORBIT. Funding is the recurring payment exchanged between long and short traders that keeps a perpetual swap tethered to the spot price — when it is positive, longs pay shorts; when negative, shorts pay longs. Right now SKHX funding ranges from -85.53% annualized on trade[XYZ] to +1.10% on MEXC.
The widest cross-exchange funding spread for SKHX is currently 86.6% APR. A delta-neutral funding trade captures this gap by going long on trade[XYZ] — where funding is lowest, so the long leg is paid or pays the least — and short on MEXC, where funding is highest, so the short leg collects. Because the two legs are equal and opposite, the asset's price moves cancel out and what is left is the funding spread. ORBIT's backtester replays the real funding history of both legs and subtracts live taker fees and order-book slippage, so the result is net PnL, not a headline number.
SKHX ranks #54 by open interest among tracked perpetual assets, total open interest across covered venues is $198.7M, 24h volume is $250.2M, the volume-weighted mark price is $1,338.9822. Deeper liquidity means a funding spread can be traded at larger size with lower slippage — use the Min OI filter on the screener to surface only markets you can realistically enter and exit.
Frequently asked questions
- Which exchange has the highest SKHX funding rate right now?
- MEXC shows the highest SKHX funding at +1.10% annualized. A high positive rate means shorts get paid, so this is the venue to short SKHX when running a funding-arbitrage pair. Rates change every settlement window — check the live screener for the current value.
- Which exchange is best to long SKHX for funding?
- trade[XYZ] has the lowest SKHX funding at -85.53% annualized, which makes the long leg cheapest (or paid). Pair it with the highest-funding venue to capture the spread delta-neutral.
- What is the best SKHX funding-arbitrage pair?
- The widest spread is long trade[XYZ] / short MEXC at about 86.6% APR before costs. Verify it in the ORBIT backtester, which subtracts real fees and slippage, before sizing a position.
- How often does SKHX funding settle?
- SKHX funding settles on different schedules by venue (1h, 4h). Longer intervals concentrate the same annualized rate into fewer, larger payments. ORBIT normalizes every venue to a common APR so they are directly comparable.
- Is SKHX funding positive or negative?
- SKHX funding is mixed across venues, ranging -85.53% to +1.10% APR — which is exactly what creates the cross-exchange arbitrage opportunity.
- What is the current SKHX perpetual swap funding rate?
- The current SKHX perpetual swap funding rate ranges from -85.53% to +1.10% annualized depending on the exchange — trade[XYZ] is lowest and MEXC is highest right now. There is no single SKHX funding rate: every venue runs its own funding formula and order book, which is why the rate has to be read by exchange rather than as one number.
- What is the aggregated SKHX funding rate across exchanges?
- Aggregated across the 4 venues ORBIT tracks, SKHX funding currently spans -85.53% to +1.10% APR, a spread of 86.6 percentage points. An aggregated average hides the part that matters for trading — the gap between the cheapest and dearest venue — so the table above lists each exchange separately.
- How do I read the SKHX 8h funding rate versus the annualized rate?
- SKHX does not settle on an 8-hour schedule on the venues tracked here. Because intervals differ by exchange, comparing raw per-payment rates is misleading; ORBIT normalizes each venue to annualized APR so the numbers are directly comparable.
![trade[XYZ]](/icons/exchanges/hl-xyz.svg){kind=icon}
trade[XYZ]
MEXC
Pionex
SoDEX