Funding arb · Price arb /

SKR

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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 0.000%

Price spread now: Bitget against Aster+0.165%7-day average +0.006% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$556as in the Price arb table

costs, in and out, $10k−$5725.717% of the position

Long on Aster Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 6 days (all we have)0.000%$0 on $10k

Price spread, last 4 days (all we have)−0.253%−$25 · spread now +0.165%, 7d avg +0.006%

Together, before fees−0.253%+ Points / potential airdropAster: Stage 5 · farm board−$25 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: Bitget is 0.159% dearer against Aster than usual: you sell high and buy low, +$16 on $10k if it goes back to its 7-day average of +0.006%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster SKRUSDT	0.02115	0.0100	pay 0.0050% / 4h	1h 03m	$25K	$118K	5x
Short	Bitget SKRUSDT	0.02118	0.0100	get 0.0050% / 4h	1h 03m	$1.6M	$3.5M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now +0.165%Rate

Funding earned: $0
Price spread: +0.165% → +0.006%: $15.88
Slippage, 4 orders: −$551.72
Fee Aster: 4 bp × 2 orders: −$8
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$555.84
Costs to cover: 5.717%
Break-even: never at this rate

Slippage from Aster: live order book, 34 min ago; Bitget: live order book, 4 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 Aster live order book, 34 min ago	6.69 bp	36.8 bp −$37	doesn't fit	doesn't fit	doesn't fit
Sell Bitget live order book, 4 min ago	7.83 bp	33.7 bp −$34	doesn't fit	doesn't fit	doesn't fit

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	0.02123	+0.364%	$242K	$166K	20x	as long as short
Backpack SKR_USDC_PERP	+0.0051%	1h	0.02117	+0.094%	$53K	$212K	5x	as long as short
Lighter SKR	+0.0096%	1h	0.02115	−0.015%	$8K	$26K	3x	as long as short
Hyperliquid SKR	+0.0100%	1h	0.02117	+0.123%	$1.4M	$1.4M	3x	as long as short
Aster SKRUSDTlong	+0.0100%	4h	0.02115	long leg	$25K	$118K	5x
Binance SKRUSDT	+0.0100%	4h	0.02114	−0.056%	$3.7M	$27.3M	20x	as long as short
Bybit SKRUSDT	+0.0100%	4h	0.02108	−0.327%	$4.7M	$10.5M	20x	as long as short
Gate SKR_USDT	+0.0100%	4h	0.02118	+0.132%	$1.0M	$1.7M	20x	as long as short
MEXC SKR_USDT	+0.0100%	4h	0.02113	−0.109%	$5.0M	$833K	20x	as long as short
KuCoin SKRUSDTM	+0.0100%	4h	0.02118	+0.151%	$720K	$1.5M	20x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget SKRUSDTshort	+0.0100%	4h	0.02118	+0.165%	$1.6M	$3.5M	20x
BingX SKR-USDT	+0.0100%	4h	0.02116	+0.061%	—	$2.8M	—	as long as short
SunX SKR-USDT	+0.0100%	4h	0.02113	−0.086%	$2K	$3.2M	20x	as long as short
HTX SKR-USDT	+0.0100%	4h	0.02115	+0.018%	$14K	$40K	20x	as long as short
Phoenix SKR	+0.0377%	1h	0.02116	+0.052%	$4K	$10K	3x	as long as short