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

SKR

all SKR markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC−0.0030%/8h= −3.3% APRnext payment $0.15 per $10,000 · paid last 24h −0.005%
Price spread now: BingX against Bitget−0.084%7-day average +0.036% · you buy dearer than you sell
Net, funding: paid 7d − costs−$172as in the Funding arb table
Net, price: spread back to 7d avg − costs−$183as in the Price arb table
costs, in and out, $10k−$1711.712% of the position
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+0.055%+$5 · spread now −0.084%, 7d avg +0.036%
Together, before fees+0.047%+$5 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and BingX is 0.120% cheaper against Bitget than usual: you would sell low and buy high (−$12 if the spread goes back to its 7-day average of +0.036%). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBitget SKRUSDT0.021380.0100pay 0.0050% / 4h3h 18m$1.5M$1.2M20x
ShortBingX SKR-USDT0.021370.0070get 0.0035% / 4h3h 18m$2.4M

Funding history

latest
Range statsloading…

Price spread between the two exchanges

BingX 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

Funding earned
−$6.3
Price spread: −0.084% → +0.036%
−$11.99
Slippage, 4 orders
−$149.2
Fee Bitget: 6 bp × 2 orders
−$12
Fee BingX: 5 bp × 2 orders
−$10
Net
−$189.49
Costs to cover
1.712%
Break-even
never at this rate
Slippage from Bitget: live order book, 4 min ago; BingX: live order book, 16 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 Bitget live order book, 4 min ago6.55 bp45.6 bp −$46doesn't fitdoesn't fitdoesn't fit
Sell BingX live order book, 16 min ago6.36 bp40.5 bp −$40140.6 bp −$1,406435.9 bp −$43.6K883.4 bp −$441.7K

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%4h0.02132−0.299%$238K$158K20xas long as short
BingX SKR-USDTshort+0.0070%4h0.02137−0.084%$2.4M
Lighter SKR+0.0096%1h0.02132−0.285%$9K$22K3xas long as short
Hyperliquid SKR+0.0100%1h0.02137−0.061%$1.4M$716K3xas long as short
Aster SKRUSDT+0.0100%4h0.02133−0.259%$27K$32K5xas long as short
Binance SKRUSDT+0.0100%4h0.02137−0.066%$3.7M$12.5M20xas long as short
Bybit SKRUSDT+0.0100%4h0.02137−0.065%$4.6M$5.0M20xas long as short
Gate SKR_USDT+0.0100%4h0.02135−0.154%$1.0M$531K20xas long as short
MEXC SKR_USDT+0.0100%4h0.02136−0.094%$4.4M$465K20xas long as short
KuCoin SKRUSDTM+0.0100%4h0.02134−0.210%$689K$689K20xas long as short
Show all 15 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bitget SKRUSDTlong+0.0100%4h0.02138long leg$1.5M$1.2M20x
SunX SKR-USDT+0.0100%4h0.02132−0.309%$1K$2.3M20xas long as short
HTX SKR-USDT+0.0100%4h0.02133−0.271%$14K$36K20xas long as short
Backpack SKR_USDC_PERP+0.0582%1h0.02137−0.075%$54K$196K5xas long as short
Phoenix SKR+0.1502%1h0.02140+0.065%$4K$10K3xas long as short