Funding arb · Price arb /

SKR

all SKR markets

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 Binance+0.237%7-day average −0.025% · you sell dearer than you buy

Net, funding: paid 7d − costs−$149as in the Funding arb table

Net, price: spread back to 7d avg − costs−$122as in the Price arb table

costs, in and out, $10k−$1491.486% of the position

Long on Binance Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days0.000%$0 on $10k

Price spread, last 7 days−0.298%−$30 · spread now +0.237%, 7d avg −0.025%

Together, before fees−0.298%−$30 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 0.262% dearer against Binance than usual: you sell high and buy low, +$26 on $10k if it goes back to its 7-day average of −0.025%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance SKRUSDT	0.02125	0.0100	pay 0.0050% / 4h	1h 42m	$3.8M	$26.8M	20x
Short	Bitget SKRUSDT	0.02131	0.0100	get 0.0050% / 4h	1h 42m	$1.6M	$3.5M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against Binance. 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 BinancebpFee BitgetbpOrdersPrice spread, now +0.237%Rate

Funding earned: $0
Price spread: +0.237% → −0.025%: $26.21
Slippage, 4 orders: −$126.59
Fee Binance: 5 bp × 2 orders: −$10
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$122.38
Costs to cover: 1.486%
Break-even: never at this rate

Slippage from Binance: live order book, 13 min ago; Bitget: live order book, 5 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 Binance live order book, 13 min ago	0.96 bp	31.5 bp −$32	180.4 bp −$1,804	doesn't fit	doesn't fit
Sell Bitget live order book, 5 min ago	7.22 bp	45.0 bp −$45	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	0.02117	−0.379%	$250K	$167K	20x	as long as short
Backpack SKR_USDC_PERP	−0.0004%	1h	0.02126	+0.016%	$56K	$208K	5x	as long as short
Lighter SKR	+0.0096%	1h	0.02127	+0.058%	$8K	$26K	3x	as long as short
Hyperliquid SKR	+0.0100%	1h	0.02130	+0.204%	$1.4M	$1.4M	3x	as long as short
Aster SKRUSDT	+0.0100%	4h	0.02127	+0.053%	$26K	$117K	5x	as long as short
Binance SKRUSDTlong	+0.0100%	4h	0.02125	long leg	$3.8M	$26.8M	20x
Bybit SKRUSDT	+0.0100%	4h	0.02127	+0.096%	$4.8M	$10.3M	20x	as long as short
Gate SKR_USDT	+0.0100%	4h	0.02132	+0.303%	$1.0M	$1.6M	20x	as long as short
MEXC SKR_USDT	+0.0100%	4h	0.02125	−0.022%	$5.1M	$826K	20x	as long as short
KuCoin SKRUSDTM	+0.0100%	4h	0.02124	−0.045%	$645K	$1.4M	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	0.02131	+0.237%	$1.6M	$3.5M	20x
BingX SKR-USDT	+0.0100%	4h	0.02132	+0.289%	—	$2.8M	—	as long as short
SunX SKR-USDT	+0.0100%	4h	0.02121	−0.210%	$2K	$3.2M	20x	as long as short
HTX SKR-USDT	+0.0100%	4h	0.02109	−0.751%	$14K	$40K	20x	as long as short
Phoenix SKR	+0.0377%	1h	0.02081	−2.096%	$4K	$10K	3x	as long as short