Settings8H · net · $10k
Funding arb · Price arb /

SKR

all SKR markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 05:00 UTC+0.0030%/8h= +3.3% APRpaid last 24h +0.006%
Price spread now: Hyperliquid against BingX−0.055%7-day average −0.041% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 7 days−0.024%−$2 on $10k
Price spread, last 7 days−0.097%−$10 · spread now −0.055%, 7d avg −0.041%
Together, before fees−0.121%+ Points / potential airdropHyperliquid: Season 2 · farm board−$12 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.041%, so right now this pair is about funding alone: +$1 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBingX SKR-USDT0.021780.0070pay 0.0035% / 4h3h 33m$2.3M
ShortHyperliquid SKR0.021770.0100get 0.0013% / 1h33m 02s$1.4M$816K3x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Hyperliquid 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

Funding earned
$6.3
Price spread: −0.055% → −0.041%
−$1.41
Slippage, 4 orders
no order book: not counted
Fee BingX: 5 bp × 2 orders
−$10
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Net
−$14.11
Costs to cover
0.190%
Break-even
22.7 days
Slippage unknown: BingX: live order book, 16 min ago; Hyperliquid: live order book, 7 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy BingX live order book, 16 min ago4.38 bp35.5 bp −$36184.5 bp −$1,845522.5 bp −$52.3K989.8 bp −$494.9K
Sell Hyperliquid live order book, 7 min ago0.23 bpdoesn't fitdoesn't fitdoesn't fitdoesn't fit

SKR on 15 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BloFin SKR-USDT−0.0140%4h0.02173−0.262%$242K$173K20xas long as short
BingX SKR-USDTlong+0.0070%4h0.02178long leg$2.3M
Lighter SKR+0.0096%1h0.02172−0.289%$9K$20K3xas long as short
Hyperliquid SKRshort+0.0100%1h0.02177−0.055%$1.4M$816K3x
Aster SKRUSDT+0.0100%4h0.02175−0.177%$29K$37K5xas long as short
Binance SKRUSDT+0.0100%4h0.02178−0.009%$3.7M$13.7M20xas long as short
Bybit SKRUSDT+0.0100%4h0.02179+0.018%$4.6M$5.4M20xas long as short
MEXC SKR_USDT+0.0100%4h0.02169−0.450%$4.5M$478K20xas long as short
KuCoin SKRUSDTM+0.0100%4h0.02176−0.133%$666K$736K20xas long as short
Bitget SKRUSDT+0.0100%4h0.02179+0.009%$1.6M$1.3M20xas long as short
Show all 15 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
SunX SKR-USDT+0.0100%4h0.02163−0.698%$2K$2.3M20xas long as short
HTX SKR-USDT+0.0100%4h0.02174−0.193%$14K$34K20xas long as short
Gate SKR_USDT+0.0308%4h0.02178−0.014%$1.1M$574K20xas long as short
Backpack SKR_USDC_PERP+0.0686%1h0.02176−0.106%$52K$165K5xas long as short
Phoenix SKR+0.0747%1h0.02168−0.464%$4K$10K3xas long as short