Settings8H · net · $10k
My profile
Funding arb · Price arb / Crypto

SKR

All SKR markets →
LegExchangePriceFund. /8hEach paymentNext inOIVol 24hLev
LONG
BackpackSKR_USDC_PERP
0.01252+0.1274pay 0.0159% / 1h8m 24s$148K$41K5xLong Backpack
SHORT
HyperliquidSKR
0.01253+0.0100get 0.0013% / 1h8m 24s$342K$2.0M3xShort Hyperliquid4% off
Price gap+0.040%
Funding gap−0.1174% /8h

The gap pays +$7 on $10k if it goes back to its 7d average, but funding costs $35 a day and eats that in about 5 hours. At the last 7 days' pace that is about 19 hours.

If you open now and hold

on $10k a leg · figures of the last 7D, not a forecast
Funding−$63−0.1174% /8h now · paid −0.625% over the last 7D
Price+$7spread +0.040% now, avg −0.033% → +0.072% if it goes back
Costs−$840.840% of $10k · taker + slippage, in and out
Result−$139−1.39%+ Points / potential airdropHyperliquid: Season 2 · farm board

The current funding rate is far below what this pair has been paying: over the last 7 days it paid −0.625% in total, about −0.0298%/8h on average.

Price and funding

1h · history
ENTRY / EXIT · 7D
Entry now—
Entry average—
Best entry—
Exit now—
Exit average—
Best exit—
Exit free—
PRICE SPREAD · 7D
Now+0.040%
Average—
Range—
Wider than now—
FUNDING SPREAD · 7D
Average /8h—
Highest—
Lowest—
Paid you—

Where the spread has been, last 7D

share of time at each level

Funding on every exchange

/8h

SKR on 15 exchanges

lowest funding first

Before you open

3 ok · 3 to watch
  • Watch: Thin at this size12.6 / 29.9 bp
    At $10k entering Hyperliquid costs 29.9 bp, fee and slippage, 2.4× Backpack’s.
  • Note: Margin at max leverage$2,000 + $3,333
    Backpack 5x, Hyperliquid 3x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
  • OK: Same payment interval1h / 1h
    Both legs pay at the same time.
    Next 24h at the current rates, on $10k a leg: −$35.21Long Backpack: 24 payments, −$38.21; short Hyperliquid: 24 payments, +$3.00.
  • OK: Entry gap works for you+0.040% vs −0.033%
    You short the dearer leg. If the gap goes back to average, the short gains.
  • Watch: Long leg is thinner$148K vs $342K OI
    Backpack sets your exit cost. Check its book before closing.
  • OK: Points on a legHyperliquid Season 2
    Volume here counts toward the points program.
  • Watch: KYCBackpack Yes · Hyperliquid No
    KYC (ID, face scan, residency and source of income) before any trading.

Profit calculator

both legs, in and out
Position, each leg
Hold for
Orders
Price spread
Funding rate
Funding earned−0.0298%/8h × 21 periods−$62.53
Price spread+0.040% → −0.033% (7d avg)+$7.25
Slippage, 4 orderslive order books−$64.95
Fee Backpack bp × 2 orders−$10.00
Fee Hyperliquid bp × 2 orders−$9.00
Net · 7 days · $10k−$139.24
Costs to cover0.840%Break-evennever at this rate
Slippage: Backpack: live order book, 35 min ago; Hyperliquid: live order book, 3 min ago

Cost to enter

taker + slippage from mid, one side
BUY · LONGBackpack1.2212.6 bp−$13doesn’t fitdoesn’t fitdoesn’t fit
SELL · SHORTHyperliquid4.8029.9 bp−$30209.1 bp−$2,091doesn’t fitdoesn’t fit

Closing costs about the same again.

Alert

SKR news

posts that mention SKR, from every exchange
10-21 14:22HTXListingSKR-USDT no longer reported ($SKR) seen by our collector
09-28 15:16PhoenixContestIt’s Solana Ecosystem week on Frontier Traders. Trade SOL, JUP, PUMP, SKR, MET, ANSEM, STONK, JTO, and FARTCOIN perpetuals on Phoenix to compete for a $25,000 prize pool across Volume and PnL leaderboards. @PhoenixTrade on X ↗
09-25 14:48PhoenixContest$SOL went up, and so did the rewards. Earn an additional $25k in rewards for trading @solana ecosystem tokens on Phoenix this week, courtesy of @joinfrontier SOL, JUP, PUMP, SKR, MET, ANSEM, STONK, JTO, FART @PhoenixTrade on X ↗