Funding arb · Price arb /

SKR

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.013%

Price spread now: Backpack against Aster−0.080%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Aster Short on Backpack

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropAster: Stage 5 · farm boardneeds both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Backpack is 0.080% cheaper against Aster than usual: you would sell low and buy high, −$8 on $10k if it goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster SKRUSDT	0.02116	0.0100	pay 0.0050% / 4h	2h 16m	$26K	$33K	5x
Short	Backpack SKR_USDC_PERP	0.02115	0.0100	get 0.0013% / 1h	16m 33s	$50K	$225K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Backpack against Aster. 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 AsterbpFee BackpackbpOrdersPrice spread, now −0.080%Rate

Funding earned: $0
Price spread: −0.080% → 0.000%: −$7.98
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee Backpack: 5 bp × 2 orders: −$10
Net: −$25.98
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: Aster: no order-book sample; Backpack: live order book, 7 min ago. Net counts fees only.

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 Aster no order-book sample	—	—	—	—	—
Sell Backpack live order book, 7 min ago	1.65 bp	12.4 bp −$12	doesn't fit	doesn't fit	doesn't fit

Aster: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

SKR on 15 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 SKR-USDT	−0.0140%	4h	0.02119	+0.133%	$240K	$153K	20x	as long as short
Lighter SKR	+0.0096%	1h	0.02110	−0.297%	$14K	$17K	3x	as long as short
Hyperliquid SKR	+0.0100%	1h	0.02117	+0.024%	$1.3M	$733K	3x	as long as short
Aster SKRUSDTlong	+0.0100%	4h	0.02116	long leg	$26K	$33K	5x
Binance SKRUSDT	+0.0100%	4h	0.02115	−0.047%	$3.6M	$11.8M	20x	as long as short
Bybit SKRUSDT	+0.0100%	4h	0.02116	−0.018%	$4.5M	$4.8M	20x	as long as short
Gate SKR_USDT	+0.0100%	4h	0.02115	−0.047%	$1.0M	$531K	20x	as long as short
MEXC SKR_USDT	+0.0100%	4h	0.02114	−0.099%	$4.4M	$491K	20x	as long as short
KuCoin SKRUSDTM	+0.0100%	4h	0.02116	−0.018%	$684K	$685K	20x	as long as short
Bitget SKRUSDT	+0.0100%	4h	0.02117	+0.015%	$1.5M	$1.1M	20x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX SKR-USDT	+0.0100%	4h	0.02116	−0.009%	—	$2.4M	—	as long as short
Backpack SKR_USDC_PERPshort	+0.0100%	1h	0.02115	−0.080%	$50K	$225K	5x
SunX SKR-USDT	+0.0100%	4h	0.02112	−0.188%	$2K	$2.3M	20x	as long as short
HTX SKR-USDT	+0.0100%	4h	0.02119	+0.147%	$14K	$37K	20x	as long as short
Phoenix SKR	+0.1507%	1h	0.02119	+0.147%	$4K	$10K	3x	as long as short