Settings8H · net · $10k
Funding arb · Price arb /

SKL

all SKL markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.028%
Price spread now: Binance against Bitget−0.035%7-day average −0.013% · you buy dearer than you sell
Net, funding: paid 7d − costs−$136as in the Funding arb table
Net, price: spread back to 7d avg − costs−$117as in the Price arb table
costs, in and out, $10k−$1141.143% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.215%−$22 on $10k
Price spread, last 4 days (all we have)−0.397%−$40 · spread now −0.035%, 7d avg −0.013%
Together, before fees−0.612%−$61 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: Binance is 0.023% cheaper against Bitget than usual: you would sell low and buy high, −$2 on $10k if it goes back to its 7-day average of −0.013%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBitget SKLUSDT0.0046360.0100pay 0.0050% / 4h52m 46s$498K$882K25x
ShortBinance SKLUSDT0.0046340.0100get 0.0050% / 4h52m 46s$2.8M$8.8M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Binance against Bitget. 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

Funding earned
$0
Price spread: −0.035% → −0.013%
−$2.26
Slippage, 4 orders
−$92.28
Fee Bitget: 6 bp × 2 orders
−$12
Fee Binance: 5 bp × 2 orders
−$10
Net
−$116.55
Costs to cover
1.143%
Break-even
never at this rate
Slippage from Bitget: live order book, 38 min ago; Binance: live order book, 2 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Bitget live order book, 38 min ago5.35 bp27.9 bp −$28123.0 bp −$1,230doesn't fitdoesn't fit
Sell Binance live order book, 2 min ago2.15 bp30.5 bp −$3083.7 bp −$837doesn't fitdoesn't fit

SKL on 10 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Binance SKLUSDTshort+0.0100%4h0.004634−0.035%$2.8M$8.8M50x
Bybit SKLUSDT+0.0100%8h0.004639+0.065%$898K$1.0M25xas long as short
Gate SKL_USDT+0.0100%4h0.004640+0.086%$193K$228K50xas long as short
MEXC SKL_USDT+0.0100%4h0.0046360.000%$398K$192K20xas long as short
KuCoin SKLUSDTM+0.0100%4h0.004639+0.065%$829K$355K30xas long as short
Bitget SKLUSDTlong+0.0100%4h0.004636long leg$498K$882K25x
BingX SKL-USDT+0.0100%4h0.004641+0.108%$2.3Mas long as short
Variational Omni SKL+0.0100%8h0.004654+0.393%$714$1Kas long as short
BloFin SKL-USDT+0.0133%4h0.004646+0.216%$186K$43K50xas long as short
Kraken Futures PF_SKLUSD+0.1982%1h0.004655+0.402%$5K$5K10xas long as short