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: Binance against Bitget−0.012%7-day average +0.030% · you buy dearer than you sell

Net, funding: paid 7d − costs−$168as in the Funding arb table

Net, price: spread back to 7d avg − costs−$173as in the Price arb table

costs, in and out, $10k−$1681.684% of the position

Long on Bitget Short on Binance

What this pair did over the last

the charts below follow

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

Price spread, last 7 days+0.081%+$8 · spread now −0.012%, 7d avg +0.030%

Together, before fees+0.081%+$8 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: Binance is 0.042% cheaper against Bitget than usual: you would sell low and buy high, −$4 on $10k if it goes back to its 7-day average of +0.030%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget SKRUSDT	0.02122	0.0100	pay 0.0050% / 4h	2h 51m	$1.5M	$1.1M	20x
Short	Binance SKRUSDT	0.02122	0.0100	get 0.0050% / 4h	2h 51m	$3.6M	$11.6M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Bitget. 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 BitgetbpFee BinancebpOrdersPrice spread, now −0.012%Rate

Funding earned: $0
Price spread: −0.012% → +0.030%: −$4.21
Slippage, 4 orders: −$146.36
Fee Bitget: 6 bp × 2 orders: −$12
Fee Binance: 5 bp × 2 orders: −$10
Net: −$172.57
Costs to cover: 1.684%
Break-even: never at this rate

Slippage from Bitget: live order book, 5 min ago; Binance: live order book, 3 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 Bitget live order book, 5 min ago	10.34 bp	39.6 bp −$40	164.7 bp −$1,647	doesn't fit	doesn't fit
Sell Binance live order book, 3 min ago	3.29 bp	33.8 bp −$34	133.9 bp −$1,339	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	0.02127	+0.231%	$238K	$149K	20x	as long as short
Lighter SKR	+0.0096%	1h	0.02112	−0.467%	$14K	$17K	3x	as long as short
Hyperliquid SKR	+0.0100%	1h	0.02124	+0.080%	$1.3M	$724K	3x	as long as short
Aster SKRUSDT	+0.0100%	4h	0.02120	−0.097%	$26K	$33K	5x	as long as short
Binance SKRUSDTshort	+0.0100%	4h	0.02122	−0.012%	$3.6M	$11.6M	20x
Bybit SKRUSDT	+0.0100%	4h	0.02121	−0.024%	$4.6M	$4.8M	20x	as long as short
Gate SKR_USDT	+0.0100%	4h	0.02119	−0.132%	$1.0M	$530K	20x	as long as short
MEXC SKR_USDT	+0.0100%	4h	0.02121	−0.024%	$4.4M	$489K	20x	as long as short
KuCoin SKRUSDTM	+0.0100%	4h	0.02119	−0.108%	$687K	$685K	20x	as long as short
Bitget SKRUSDTlong	+0.0100%	4h	0.02122	long leg	$1.5M	$1.1M	20x

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	+0.057%	—	$2.3M	—	as long as short
Backpack SKR_USDC_PERP	+0.0100%	1h	0.02117	−0.240%	$50K	$231K	5x	as long as short
SunX SKR-USDT	+0.0100%	4h	0.02116	−0.283%	$2K	$2.3M	20x	as long as short
HTX SKR-USDT	+0.0100%	4h	0.02121	−0.038%	$14K	$37K	20x	as long as short
Phoenix SKR	+0.1507%	1h	0.02129	+0.353%	$4K	$10K	3x	as long as short