Funding arb · Price arb /

SKR

all SKR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.005%

Price spread now: Bybit against BingX+0.029%7-day average −0.009% · you sell dearer than you buy

Net, funding: paid 7d − costs−$156as in the Funding arb table

Net, price: spread back to 7d avg − costs−$149as in the Price arb table

costs, in and out, $10k−$1531.533% of the position

Long on BingX Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.027%−$3 on $10k

Price spread, last 7 days+0.001%$0 · spread now +0.029%, 7d avg −0.009%

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: Bybit is 0.038% dearer against BingX than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of −0.009%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX SKR-USDT	0.02065	0.0100	pay 0.0050% / 4h	1h 15m	—	$2.4M	—
Short	Bybit SKRUSDT	0.02066	0.0100	get 0.0050% / 4h	1h 15m	$4.4M	$5.3M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now +0.029%Rate

Funding earned: $0
Price spread: +0.029% → −0.009%: $3.81
Slippage, 4 orders: −$132.28
Fee BingX: 5 bp × 2 orders: −$10
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$149.47
Costs to cover: 1.533%
Break-even: never at this rate

Slippage from BingX: live order book, 9 min ago; Bybit: live order book, 2 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, 9 min ago	6.28 bp	32.0 bp −$32	134.7 bp −$1,347	618.8 bp −$61.9K	1008.4 bp −$504.2K
Sell Bybit live order book, 2 min ago	1.94 bp	40.9 bp −$41	124.9 bp −$1,249	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	0.02064	−0.092%	$233K	$160K	20x	as long as short
Lighter SKR	+0.0096%	1h	0.02062	−0.165%	$9K	$21K	3x	as long as short
Hyperliquid SKR	+0.0100%	1h	0.02068	+0.116%	$1.3M	$805K	3x	as long as short
Aster SKRUSDT	+0.0100%	4h	0.02065	−0.016%	$28K	$34K	5x	as long as short
Binance SKRUSDT	+0.0100%	4h	0.02065	−0.040%	$3.5M	$13.3M	20x	as long as short
Bybit SKRUSDTshort	+0.0100%	4h	0.02066	+0.029%	$4.4M	$5.3M	20x
Gate SKR_USDT	+0.0100%	4h	0.02067	+0.063%	$1.0M	$554K	20x	as long as short
MEXC SKR_USDT	+0.0100%	4h	0.02067	+0.092%	$4.3M	$473K	20x	as long as short
KuCoin SKRUSDTM	+0.0100%	4h	0.02065	−0.015%	$648K	$723K	20x	as long as short
Bitget SKRUSDT	+0.0100%	4h	0.02066	+0.048%	$1.5M	$1.3M	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-USDTlong	+0.0100%	4h	0.02065	long leg	—	$2.4M	—
SunX SKR-USDT	+0.0100%	4h	0.02064	−0.092%	$1K	$2.3M	20x	as long as short
HTX SKR-USDT	+0.0100%	4h	0.02063	−0.111%	$13K	$36K	20x	as long as short
Backpack SKR_USDC_PERP	+0.0219%	1h	0.02064	−0.087%	$50K	$192K	5x	as long as short
Phoenix SKR	+0.1918%	1h	0.02063	−0.131%	$4K	$10K	3x	as long as short