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

SKR

all SKR markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC+0.0030%/8h= +3.3% APRnext payment +$0.15 per $10,000 · paid last 24h +0.006%
Price spread now: SunX against BingX−0.464%7-day average −0.181% · you buy dearer than you sell
Net, funding: paid 7d − costs−$159as in the Funding arb table
Net, price: spread back to 7d avg − costs−$188as in the Price arb table
costs, in and out, $10k−$1601.601% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.009%+$1 on $10k
Price spread, last 4 days (all we have)−0.010%−$1 · spread now −0.464%, 7d avg −0.181%
Together, before fees−0.001%$0 on $10k · with fees, hour by hour
Funding pays, the price is against you. SunX is 0.283% cheaper against BingX than usual: you would sell low and buy high (spread −0.464% now, against its 7-day average of −0.181%). If the spread goes back, that is −$28 on $10k: about 31 days of funding at the current rate (+$1 a day). At the pace of the last 7 days (+0.009% in total) that is about 7 months.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBingX SKR-USDT0.021770.0070pay 0.0035% / 4h3h 31m$2.4M
ShortSunX SKR-USDT0.021670.0100get 0.0050% / 4h3h 31m$2K$2.3M20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

SunX 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: −0.464% → −0.181%
−$28.26
Slippage, 4 orders
−$142.13
Fee BingX: 5 bp × 2 orders
−$10
Fee SunX: 4 bp × 2 orders
−$8
Net
−$182.08
Costs to cover
1.601%
Break-even
209.3 days
Slippage from BingX: live order book, 3 min ago; SunX: live order book, 5 min ago.

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, 3 min ago5.54 bp39.0 bp −$39170.7 bp −$1,707518.8 bp −$51.9K989.9 bp −$494.9K
Sell SunX live order book, 5 min ago28.45 bp43.2 bp −$43doesn'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%4h0.02173−0.156%$242K$173K20xas long as short
BingX SKR-USDTlong+0.0070%4h0.02177long leg$2.4M
Lighter SKR+0.0096%1h0.02171−0.276%$9K$20K3xas long as short
Hyperliquid SKR+0.0100%1h0.021770.000%$1.4M$816K3xas long as short
Aster SKRUSDT+0.0100%4h0.02174−0.124%$29K$38K5xas long as short
Binance SKRUSDT+0.0100%4h0.02173−0.180%$3.7M$13.8M20xas long as short
Bybit SKRUSDT+0.0100%4h0.02174−0.147%$4.6M$5.4M20xas long as short
MEXC SKR_USDT+0.0100%4h0.02173−0.165%$4.5M$479K20xas long as short
KuCoin SKRUSDTM+0.0100%4h0.02175−0.096%$665K$736K20xas long as short
Bitget SKRUSDT+0.0100%4h0.02174−0.133%$1.6M$1.4M20xas long as short
Show all 15 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
SunX SKR-USDTshort+0.0100%4h0.02167−0.464%$2K$2.3M20x
HTX SKR-USDT+0.0100%4h0.02180+0.138%$14K$34K20xas long as short
Gate SKR_USDT+0.0366%4h0.02175−0.060%$1.1M$575K20xas long as short
Backpack SKR_USDC_PERP+0.0735%1h0.02175−0.101%$52K$165K5xas long as short
Phoenix SKR+0.0747%1h0.02181+0.193%$4K$10K3xas long as short