Funding arb · Price arb /

SKL

all SKL markets

Swap Backtest

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 +0.031%

Price spread now: MEXC against Bitget0.000%7-day average +0.032% · you sell dearer than you buy

Net, funding: paid 7d − costs−$124as in the Funding arb table

Net, price: spread back to 7d avg − costs−$104as in the Price arb table

costs, in and out, $10k−$1011.009% of the position

Long on Bitget Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days−0.227%−$23 on $10k

Price spread, last 4 days (all we have)+0.056%+$6 · spread now 0.000%, 7d avg +0.032%

Together, before fees−0.171%−$17 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: MEXC is 0.032% cheaper against Bitget than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of +0.032%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget SKLUSDT	0.004582	0.0100	pay 0.0050% / 4h	2h 50m	$503K	$1.0M	25x
Short	MEXC SKL_USDT	0.004582	0.0100	get 0.0050% / 4h	2h 50m	$387K	$205K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now 0.000%Rate

Funding earned: $0
Price spread: 0.000% → +0.032%: −$3.21
Slippage, 4 orders: −$84.87
Fee Bitget: 6 bp × 2 orders: −$12
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$104.08
Costs to cover: 1.009%
Break-even: never at this rate

Slippage from Bitget: live order book, 1 min ago; MEXC: live order book, 65 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, 1 min ago	5.45 bp	25.1 bp −$25	121.4 bp −$1,214	doesn't fit	doesn't fit
Sell MEXC live order book, 65 min ago	2.18 bp	22.2 bp −$22	86.3 bp −$863	207.9 bp −$20.8K	doesn't fit

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
BloFin SKL-USDT	+0.0084%	4h	0.004573	−0.196%	$183K	$44K	50x	as long as short
Binance SKLUSDT	+0.0100%	4h	0.004580	−0.044%	$2.8M	$9.3M	50x	as long as short
Bybit SKLUSDT	+0.0100%	8h	0.004575	−0.153%	$894K	$1.0M	25x	as long as short
Gate SKL_USDT	+0.0100%	4h	0.004580	−0.044%	$198K	$241K	50x	as long as short
MEXC SKL_USDTshort	+0.0100%	4h	0.004582	0.000%	$387K	$205K	20x
KuCoin SKLUSDTM	+0.0100%	4h	0.004579	−0.065%	$825K	$368K	30x	as long as short
Bitget SKLUSDTlong	+0.0100%	4h	0.004582	long leg	$503K	$1.0M	25x
BingX SKL-USDT	+0.0100%	4h	0.004577	−0.109%	—	$2.3M	—	as long as short
Variational Omni SKL	+0.0100%	8h	0.004574	−0.179%	$702	$1K	—	as long as short
Kraken Futures PF_SKLUSD	+0.0596%	1h	0.004590	+0.168%	$5K	$5K	10x	as long as short