Funding you earn now, next payment 00:00 UTC−0.0144%/8h= −15.8% APRpaid last 24h −0.015%
Price spread now: BingX against Backpack+0.010%7-day average +0.005% · you sell dearer than you buy
Net, funding: paid 7d − costs−$142as in the Funding arb table
Net, price: spread back to 7d avg − costs−$90as in the Price arb table
costs, in and out, $10k−$910.906% of the position
Funding, last 7 days−0.511%−$51 on $10k
+Price spread, last 4 days (all we have)+0.002%$0 · spread now +0.010%, 7d avg +0.005%
=The price spread sits at its 7-day average of +0.005%, so right now this pair is about funding alone: −$4 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Backpack SKR_USDC_PERP | 0.02094 | 0.0244 | pay 0.0030% / 1h | 31m 46s | $50K | $213K | 5x |
| Short | BingX SKR-USDT | 0.02094 | 0.0100 | get 0.0050% / 4h | 31m 46s | — | $2.4M | — |
Backpack SKR_USDC_PERP
BingX SKR-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BingX against Backpack. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$30.24
- Price spread: +0.010% → +0.005%
- $0.49
- Slippage, 4 orders
- −$70.56
- Fee Backpack: 5 bp × 2 orders
- −$10
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$120.31
- Costs to cover
- 0.906%
- Break-even
- never at this rate
Slippage from Backpack: live order book, 46 min ago; BingX: live order book, 2 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 Backpack live order book, 46 min ago | 1.90 bp | 15.0 bp −$15 | doesn't fit | doesn't fit | doesn't fit |
| Sell BingX live order book, 2 min ago | 4.30 bp | 28.9 bp −$29 | 100.3 bp −$1,003 | 521.0 bp −$52.1K | 918.4 bp −$459.2K |
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 | 0.02095 | +0.072% | $232K | $153K | 20x | as long as short |
| Lighter SKR | +0.0096% | 1h | 0.02090 | −0.210% | $14K | $16K | 3x | as long as short |
| Hyperliquid SKR | +0.0100% | 1h | 0.02095 | +0.053% | $1.3M | $741K | 3x | as long as short |
| Aster SKRUSDT | +0.0100% | 4h | 0.02094 | −0.001% | $26K | $32K | 5x | as long as short |
| Binance SKRUSDT | +0.0100% | 4h | 0.02094 | +0.009% | $3.5M | $12.2M | 20x | as long as short |
| Bybit SKRUSDT | +0.0100% | 4h | 0.02093 | −0.019% | $4.5M | $4.9M | 20x | as long as short |
| Gate SKR_USDT | +0.0100% | 4h | 0.02094 | +0.019% | $1.0M | $529K | 20x | as long as short |
| MEXC SKR_USDT | +0.0100% | 4h | 0.02094 | +0.019% | $4.3M | $463K | 20x | as long as short |
| KuCoin SKRUSDTM | +0.0100% | 4h | 0.02094 | +0.024% | $674K | $685K | 20x | as long as short |
| Bitget SKRUSDT | +0.0100% | 4h | 0.02095 | +0.033% | $1.5M | $1.1M | 20x | as long as short |
BloFin SKR-USDT
Lighter SKR
Hyperliquid SKR
Aster SKRUSDT
Binance SKRUSDT
Bybit SKRUSDT
Gate SKR_USDT
MEXC SKR_USDT
KuCoin SKRUSDTM
Bitget SKRUSDTShow all 15 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX SKR-USDTshort | +0.0100% | 4h | 0.02094 | +0.010% | — | $2.4M | — | |
| SunX SKR-USDT | +0.0100% | 4h | 0.02090 | −0.172% | $2K | $2.3M | 20x | as long as short |
| HTX SKR-USDT | +0.0100% | 4h | 0.02094 | +0.029% | $14K | $36K | 20x | as long as short |
| Backpack SKR_USDC_PERPlong | +0.0244% | 1h | 0.02094 | long leg | $50K | $213K | 5x | |
| Phoenix SKR | +0.0755% | 1h | 0.02094 | +0.010% | $4K | $10K | 3x | as long as short |
SunX SKR-USDT
HTX SKR-USDT
Phoenix SKR