Funding arb · Price arb /

SKR

all SKR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: MEXC against Binance−0.047%7-day average −0.013% · you buy dearer than you sell

Net, funding: paid 7d − costs−$67as in the Funding arb table

Net, price: spread back to 7d avg − costs−$71as in the Price arb table

costs, in and out, $10k−$670.674% of the position

Long on Binance Short on MEXC

What this pair did over the last

the charts below follow

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

Price spread, last 7 days+0.026%+$3 · spread now −0.047%, 7d avg −0.013%

Together, before fees+0.026%+$3 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: MEXC is 0.034% cheaper against Binance than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of −0.013%.

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	2h 21m	$3.6M	$11.8M	20x
Short	MEXC SKR_USDT	0.02124	0.0100	get 0.0050% / 4h	2h 21m	$4.4M	$491K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now −0.047%Rate

Funding earned: $0
Price spread: −0.047% → −0.013%: −$3.43
Slippage, 4 orders: −$53.37
Fee Binance: 5 bp × 2 orders: −$10
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$70.8
Costs to cover: 0.674%
Break-even: never at this rate

Slippage from Binance: live order book, 4 min ago; MEXC: live order book, 1 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, 4 min ago	0.94 bp	37.2 bp −$37	162.6 bp −$1,626	doesn't fit	doesn't fit
Sell MEXC live order book, 1 min ago	1.18 bp	7.4 bp −$7	47.7 bp −$477	230.0 bp −$23.0K	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	0.02133	+0.348%	$239K	$153K	20x	as long as short
Lighter SKR	+0.0096%	1h	0.02121	−0.203%	$14K	$17K	3x	as long as short
Hyperliquid SKR	+0.0100%	1h	0.02124	−0.052%	$1.3M	$732K	3x	as long as short
Aster SKRUSDT	+0.0100%	4h	0.02124	−0.071%	$26K	$33K	5x	as long as short
Binance SKRUSDTlong	+0.0100%	4h	0.02125	long leg	$3.6M	$11.8M	20x
Bybit SKRUSDT	+0.0100%	4h	0.02124	−0.038%	$4.5M	$4.8M	20x	as long as short
Gate SKR_USDT	+0.0100%	4h	0.02127	+0.089%	$1.0M	$531K	20x	as long as short
MEXC SKR_USDTshort	+0.0100%	4h	0.02124	−0.047%	$4.4M	$491K	20x
KuCoin SKRUSDTM	+0.0100%	4h	0.02126	+0.028%	$688K	$685K	20x	as long as short
Bitget SKRUSDT	+0.0100%	4h	0.02126	+0.023%	$1.5M	$1.1M	20x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX SKR-USDT	+0.0100%	4h	0.02123	−0.104%	—	$2.4M	—	as long as short
Backpack SKR_USDC_PERP	+0.0100%	1h	0.02125	−0.024%	$51K	$225K	5x	as long as short
SunX SKR-USDT	+0.0100%	4h	0.02122	−0.141%	$2K	$2.3M	20x	as long as short
HTX SKR-USDT	+0.0100%	4h	0.02131	+0.263%	$14K	$37K	20x	as long as short
Phoenix SKR	+0.1507%	1h	0.02127	+0.070%	$4K	$10K	3x	as long as short