Funding arb · Price arb /

SKR

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h −0.001%

Price spread now: Lighter against Aster−0.052%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 Lighter

What this pair did over the last

the charts below follow

Funding, last 6 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 · Lighter: Season 3 · farm boardneeds both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Lighter is 0.052% cheaper against Aster than usual: you would sell low and buy high, −$5 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	0.02110	0.0100	pay 0.0050% / 4h	43m 05s	$26K	$118K	5x
Short	Lighter SKR	0.02109	0.0096	get 0.0012% / 1h	43m 05s	$8K	$26K	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter 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 LighterbpOrdersPrice spread, now −0.052%Rate

Funding earned: −$0.84
Price spread: −0.052% → 0.000%: −$5.2
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee Lighter: 0 bp × 2 orders: $0
Net: −$14.04
Costs to cover: 0.080%
Break-even: never at this rate

Slippage unknown: Aster: live order book, 55 min ago; Lighter: no order-book sample. 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 live order book, 55 min ago	6.69 bp	36.8 bp −$37	doesn't fit	doesn't fit	doesn't fit
Sell Lighter no order-book sample	—	—	—	—	—

Lighter: 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	0.02112	+0.076%	$239K	$166K	20x	as long as short
Backpack SKR_USDC_PERP	+0.0086%	1h	0.02112	+0.062%	$53K	$213K	5x	as long as short
Lighter SKRshort	+0.0096%	1h	0.02109	−0.052%	$8K	$26K	3x
Hyperliquid SKR	+0.0100%	1h	0.02111	+0.038%	$1.3M	$1.4M	3x	as long as short
Aster SKRUSDTlong	+0.0100%	4h	0.02110	long leg	$26K	$118K	5x
Binance SKRUSDT	+0.0100%	4h	0.02110	−0.003%	$3.7M	$27.5M	20x	as long as short
Bybit SKRUSDT	+0.0100%	4h	0.02111	+0.010%	$4.7M	$10.6M	20x	as long as short
Gate SKR_USDT	+0.0100%	4h	0.02112	+0.090%	$999K	$1.7M	20x	as long as short
MEXC SKR_USDT	+0.0100%	4h	0.02111	+0.024%	$5.0M	$831K	20x	as long as short
KuCoin SKRUSDTM	+0.0100%	4h	0.02109	−0.052%	$770K	$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 SKRUSDT	+0.0100%	4h	0.02112	+0.066%	$1.6M	$3.5M	20x	as long as short
BingX SKR-USDT	+0.0100%	4h	0.02111	+0.043%	—	$2.8M	—	as long as short
SunX SKR-USDT	+0.0100%	4h	0.02108	−0.114%	$2K	$3.2M	20x	as long as short
HTX SKR-USDT	+0.0100%	4h	0.02106	−0.208%	$14K	$40K	20x	as long as short
Phoenix SKR	+0.1148%	1h	0.02123	+0.602%	$4K	$10K	3x	as long as short