SKR

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0497%/8h= −54.4% APRnext payment −$0.62 per $10,000 · paid last 24h −0.015%

Price spread now: Lighter against Backpack−0.164%7-day average — · you buy dearer than you sell

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

Long on Backpack Short on Lighter

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 airdropLighter: Season 3 · farm boardneeds both histories

Both sides work against this trade now: funding costs −$15 a day on $10k at the current rate, and Lighter is 0.164% cheaper against Backpack than usual: you would sell low and buy high (−$16 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Backpack SKR_USDC_PERP	0.02140	0.0593	pay 0.0074% / 1h	17m 11s	$54K	$196K	5x
Short	Lighter SKR	0.02137	0.0096	get 0.0012% / 1h	17m 11s	$9K	$22K	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against Backpack. 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 BackpackbpFee LighterbpOrdersPrice spread, now −0.164%Rate

Funding earned: −$104.34
Price spread: −0.164% → 0.000%: −$16.35
Slippage, 4 orders: no order book: not counted
Fee Backpack: 5 bp × 2 orders: −$10
Fee Lighter: 0 bp × 2 orders: $0
Net: −$130.69
Costs to cover: 0.100%
Break-even: never at this rate

Slippage unknown: Backpack: live order book, 56 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 Backpack live order book, 56 min ago	2.13 bp	13.3 bp −$13	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	0.02139	−0.079%	$239K	$158K	20x	as long as short
BingX SKR-USDT	+0.0070%	4h	0.02141	+0.023%	—	$2.4M	—	as long as short
Lighter SKRshort	+0.0096%	1h	0.02137	−0.164%	$9K	$22K	3x
Hyperliquid SKR	+0.0100%	1h	0.02142	+0.093%	$1.4M	$716K	3x	as long as short
Aster SKRUSDT	+0.0100%	4h	0.02135	−0.244%	$27K	$32K	5x	as long as short
Binance SKRUSDT	+0.0100%	4h	0.02143	+0.118%	$3.7M	$12.5M	20x	as long as short
Bybit SKRUSDT	+0.0100%	4h	0.02144	+0.178%	$4.6M	$5.0M	20x	as long as short
Gate SKR_USDT	+0.0100%	4h	0.02136	−0.215%	$1.0M	$531K	20x	as long as short
MEXC SKR_USDT	+0.0100%	4h	0.02140	−0.033%	$4.4M	$465K	20x	as long as short
KuCoin SKRUSDTM	+0.0100%	4h	0.02137	−0.168%	$690K	$688K	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	0.02141	+0.009%	$1.5M	$1.2M	20x	as long as short
SunX SKR-USDT	+0.0100%	4h	0.02136	−0.210%	$2K	$2.3M	20x	as long as short
HTX SKR-USDT	+0.0100%	4h	0.02133	−0.364%	$14K	$36K	20x	as long as short
Backpack SKR_USDC_PERPlong	+0.0593%	1h	0.02140	long leg	$54K	$196K	5x
Phoenix SKR	+0.1502%	1h	0.02135	−0.252%	$4K	$10K	3x	as long as short