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 −0.040%
Price spread now: BingX against KuCoin+0.065%7-day average +0.009% · you sell dearer than you buy
Net, funding: paid 7d − costs−$218as in the Funding arb table
Net, price: spread back to 7d avg − costs−$303as in the Price arb table
costs, in and out, $10k−$3083.082% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.904%+$90 on $10k
Price spread, last 4 days (all we have)−0.074%−$7 · spread now +0.065%, 7d avg +0.009%
Together, before fees+0.830%+$83 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 0.057% dearer against KuCoin than usual: you sell high and buy low, +$6 on $10k if it goes back to its 7-day average of +0.009%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKuCoin SKLUSDTM0.0045970.0100pay 0.0050% / 4h2h 22m$824K$347K30x
ShortBingX SKL-USDT0.0046000.0100get 0.0050% / 4h2h 22m$2.3M

Funding history

latest
Range statsloading…

Price spread between the two exchanges

BingX against KuCoin. 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: +0.065% → +0.009%
$5.66
Slippage, 4 orders
−$286.22
Fee KuCoin: 6 bp × 2 orders
−$12
Fee BingX: 5 bp × 2 orders
−$10
Net
−$302.56
Costs to cover
3.082%
Break-even
never at this rate
Slippage from KuCoin: live order book, 17 min ago; BingX: live order book, 7 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 KuCoin live order book, 17 min ago7.68 bp111.9 bp −$112doesn't fitdoesn't fitdoesn't fit
Sell BingX live order book, 7 min ago7.64 bp31.0 bp −$3169.7 bp −$697489.9 bp −$49.0K1232.2 bp −$616.1K

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%4h0.004599+0.044%$2.8M$9.1M50xas long as short
Bybit SKLUSDT+0.0100%8h0.004600+0.065%$902K$1.0M25xas long as short
Gate SKL_USDT+0.0100%4h0.004590−0.152%$195K$246K50xas long as short
MEXC SKL_USDT+0.0100%4h0.004599+0.044%$401K$208K20xas long as short
KuCoin SKLUSDTMlong+0.0100%4h0.004597long leg$824K$347K30x
Bitget SKLUSDT+0.0100%4h0.0045970.000%$501K$950K25xas long as short
BingX SKL-USDTshort+0.0100%4h0.004600+0.065%$2.3M
Variational Omni SKL+0.0100%8h0.004585−0.267%$703$1Kas long as short
Kraken Futures PF_SKLUSD+0.0594%1h0.004607+0.215%$5K$5K10xas long as short