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

SKL

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.218%
Price spread now: Bybit against Gate+0.241%7-day average +0.067% · you sell dearer than you buy
Net, funding: paid 7d − costs−$211as in the Funding arb table
Net, price: spread back to 7d avg − costs−$267as in the Price arb table
costs, in and out, $10k−$2842.839% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.727%+$73 on $10k
Price spread, last 4 days (all we have)−0.162%−$16 · spread now +0.241%, 7d avg +0.067%
Together, before fees+0.565%+$57 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: Bybit is 0.174% dearer against Gate than usual: you sell high and buy low, +$17 on $10k if it goes back to its 7-day average of +0.067%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongGate SKL_USDT0.0045700.0100pay 0.0050% / 4h2h 31m$194K$245K50x
ShortBybit SKLUSDT0.0045810.0100get 0.0100% / 8h6h 31m$899K$1.0M25x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bybit against Gate. 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: +0.241% → +0.067%
$17.37
Slippage, 4 orders
−$257.92
Fee Gate: 7.5 bp × 2 orders
−$15
Fee Bybit: 5.5 bp × 2 orders
−$11
Net
−$266.55
Costs to cover
2.839%
Break-even
never at this rate
Slippage from Gate: live order book, 30 min ago; Bybit: live order book, 4 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 Gate live order book, 30 min ago10.90 bp78.4 bp −$78doesn't fitdoesn't fitdoesn't fit
Sell Bybit live order book, 4 min ago6.55 bp68.1 bp −$68293.7 bp −$2,937doesn't fitdoesn't fit

SKL on 9 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 SKLUSDT+0.0100%4h0.004581+0.238%$2.8M$9.1M50xas long as short
Bybit SKLUSDTshort+0.0100%8h0.004581+0.241%$899K$1.0M25x
Gate SKL_USDTlong+0.0100%4h0.004570long leg$194K$245K50x
MEXC SKL_USDT+0.0100%4h0.004579+0.197%$399K$207K20xas long as short
KuCoin SKLUSDTM+0.0100%4h0.004574+0.088%$821K$349K30xas long as short
Bitget SKLUSDT+0.0100%4h0.004572+0.044%$500K$955K25xas long as short
BingX SKL-USDT+0.0100%4h0.004575+0.109%$2.3Mas long as short
Variational Omni SKL+0.0100%8h0.004585+0.335%$702$1Kas long as short
Kraken Futures PF_SKLUSD+0.0597%1h0.004586+0.344%$5K$5K10xas long as short