Funding arb · Price arb /

SKR

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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 +0.005%

Price spread now: Bitget against BingX+0.061%7-day average −0.041% · you sell dearer than you buy

Net, funding: paid 7d − costs−$192as in the Funding arb table

Net, price: spread back to 7d avg − costs−$183as in the Price arb table

costs, in and out, $10k−$1931.930% of the position

Long on BingX Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days+0.007%+$1 on $10k

Price spread, last 7 days−0.100%−$10 · spread now +0.061%, 7d avg −0.041%

Together, before fees−0.093%−$9 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 0.102% dearer against BingX than usual: you sell high and buy low, +$10 on $10k if it goes back to its 7-day average of −0.041%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX SKR-USDT	0.02135	0.0100	pay 0.0050% / 4h	2h 55m	—	$2.4M	—
Short	Bitget SKRUSDT	0.02136	0.0100	get 0.0050% / 4h	2h 55m	$1.6M	$1.1M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against BingX. 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 BingXbpFee BitgetbpOrdersPrice spread, now +0.061%Rate

Funding earned: $0
Price spread: +0.061% → −0.041%: $10.16
Slippage, 4 orders: −$171.04
Fee BingX: 5 bp × 2 orders: −$10
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$182.88
Costs to cover: 1.930%
Break-even: never at this rate

Slippage from BingX: live order book, 8 min ago; Bitget: 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 BingX live order book, 8 min ago	8.00 bp	41.7 bp −$42	101.9 bp −$1,019	796.3 bp −$79.6K	1087.5 bp −$543.8K
Sell Bitget live order book, 1 min ago	10.34 bp	56.6 bp −$57	213.4 bp −$2,134	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	0.02121	−0.679%	$239K	$148K	20x	as long as short
Lighter SKR	+0.0096%	1h	0.02129	−0.304%	$14K	$17K	3x	as long as short
Hyperliquid SKR	+0.0100%	1h	0.02135	−0.005%	$1.4M	$730K	3x	as long as short
Aster SKRUSDT	+0.0100%	4h	0.02130	−0.219%	$26K	$33K	5x	as long as short
Binance SKRUSDT	+0.0100%	4h	0.02135	−0.014%	$3.6M	$11.6M	20x	as long as short
Bybit SKRUSDT	+0.0100%	4h	0.02136	+0.023%	$4.6M	$4.8M	20x	as long as short
Gate SKR_USDT	+0.0100%	4h	0.02133	−0.080%	$1.0M	$529K	20x	as long as short
MEXC SKR_USDT	+0.0100%	4h	0.02133	−0.122%	$4.4M	$488K	20x	as long as short
KuCoin SKRUSDTM	+0.0100%	4h	0.02133	−0.084%	$693K	$688K	20x	as long as short
Bitget SKRUSDTshort	+0.0100%	4h	0.02136	+0.061%	$1.6M	$1.1M	20x

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX SKR-USDTlong	+0.0100%	4h	0.02135	long leg	—	$2.4M	—
Backpack SKR_USDC_PERP	+0.0100%	1h	0.02131	−0.178%	$51K	$234K	5x	as long as short
SunX SKR-USDT	+0.0100%	4h	0.02122	−0.609%	$1K	$2.3M	20x	as long as short
HTX SKR-USDT	+0.0100%	4h	0.02122	−0.628%	$14K	$37K	20x	as long as short
Phoenix SKR	+0.0378%	1h	0.02119	−0.740%	$4K	$10K	3x	as long as short