Funding arb · Price arb /

SKL

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.014%

Price spread now: BingX against Bitget−0.022%7-day average +0.021% · you buy dearer than you sell

Net, funding: paid 7d − costs−$38as in the Funding arb table

Net, price: spread back to 7d avg − costs−$150as in the Price arb table

costs, in and out, $10k−$1461.456% of the position

Long on Bitget Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days+1.076%+$108 on $10k

Price spread, last 4 days (all we have)+0.068%+$7 · spread now −0.022%, 7d avg +0.021%

Together, before fees+1.145%+$114 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: BingX is 0.043% cheaper against Bitget than usual: you would sell low and buy high, −$4 on $10k if it goes back to its 7-day average of +0.021%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget SKLUSDT	0.004532	0.0100	pay 0.0050% / 4h	1h 43m	$486K	$799K	25x
Short	BingX SKL-USDT	0.004531	0.0100	get 0.0050% / 4h	1h 43m	—	$2.3M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX 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

Position, each leg$Hold fordaysFee BitgetbpFee BingXbpOrdersPrice spread, now −0.022%Rate

Funding earned: $0
Price spread: −0.022% → +0.021%: −$4.28
Slippage, 4 orders: −$123.65
Fee Bitget: 6 bp × 2 orders: −$12
Fee BingX: 5 bp × 2 orders: −$10
Net: −$149.92
Costs to cover: 1.456%
Break-even: never at this rate

Slippage from Bitget: live order book, 33 min ago; BingX: live order book, 6 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 Bitget live order book, 33 min ago	3.30 bp	40.3 bp −$40	138.0 bp −$1,380	doesn't fit	doesn't fit
Sell BingX live order book, 6 min ago	7.69 bp	34.2 bp −$34	77.0 bp −$770	501.5 bp −$50.1K	1063.5 bp −$531.8K

SKL on 10 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
Binance SKLUSDT	+0.0100%	4h	0.004530	−0.044%	$2.6M	$8.6M	50x	as long as short
Bybit SKLUSDT	+0.0100%	8h	0.004531	−0.022%	$856K	$978K	25x	as long as short
Gate SKL_USDT	+0.0100%	4h	0.004530	−0.044%	$171K	$226K	50x	as long as short
MEXC SKL_USDT	+0.0100%	4h	0.004529	−0.066%	$357K	$190K	20x	as long as short
KuCoin SKLUSDTM	+0.0100%	4h	0.004535	+0.066%	$786K	$341K	30x	as long as short
Bitget SKLUSDTlong	+0.0100%	4h	0.004532	long leg	$486K	$799K	25x
BingX SKL-USDTshort	+0.0100%	4h	0.004531	−0.022%	—	$2.3M	—
Variational Omni SKL	+0.0100%	8h	0.004527	−0.117%	$792	$1K	—	as long as short
BloFin SKL-USDT	+0.0156%	4h	0.004531	−0.022%	$169K	$22K	50x	as long as short
Kraken Futures PF_SKLUSD	+0.2095%	1h	0.004544	+0.266%	$5K	$5K	10x	as long as short