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 0.000%

Price spread now: Bybit against Bitget+0.053%7-day average +0.029% · you sell dearer than you buy

Net, funding: paid 7d − costs−$155as in the Funding arb table

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

costs, in and out, $10k−$1521.519% of the position

Long on Bitget Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.034%−$3 on $10k

Price spread, last 7 days−0.063%−$6 · spread now +0.053%, 7d avg +0.029%

Together, before fees−0.097%−$10 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 0.025% dearer against Bitget than usual: you sell high and buy low, +$2 on $10k if it goes back to its 7-day average of +0.029%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget SKRUSDT	0.02062	0.0100	pay 0.0050% / 4h	1h 17m	$1.5M	$1.3M	20x
Short	Bybit SKRUSDT	0.02063	0.0100	get 0.0050% / 4h	1h 17m	$4.4M	$5.3M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now +0.053%Rate

Funding earned: $0
Price spread: +0.053% → +0.029%: $2.46
Slippage, 4 orders: −$128.9
Fee Bitget: 6 bp × 2 orders: −$12
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$149.43
Costs to cover: 1.519%
Break-even: never at this rate

Slippage from Bitget: live order book, 4 min ago; Bybit: live order book, just now.

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, 4 min ago	5.31 bp	25.5 bp −$26	doesn't fit	doesn't fit	doesn't fit
Sell Bybit live order book, just now	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	0.02068	+0.286%	$232K	$160K	20x	as long as short
Lighter SKR	+0.0096%	1h	0.02057	−0.243%	$9K	$21K	3x	as long as short
Hyperliquid SKR	+0.0100%	1h	0.02062	+0.029%	$1.3M	$805K	3x	as long as short
Aster SKRUSDT	+0.0100%	4h	0.02059	−0.142%	$28K	$34K	5x	as long as short
Binance SKRUSDT	+0.0100%	4h	0.02061	−0.060%	$3.5M	$13.3M	20x	as long as short
Bybit SKRUSDTshort	+0.0100%	4h	0.02063	+0.053%	$4.4M	$5.3M	20x
Gate SKR_USDT	+0.0100%	4h	0.02062	+0.015%	$1.0M	$553K	20x	as long as short
MEXC SKR_USDT	+0.0100%	4h	0.02061	−0.029%	$4.3M	$473K	20x	as long as short
KuCoin SKRUSDTM	+0.0100%	4h	0.02061	−0.053%	$647K	$723K	20x	as long as short
Bitget SKRUSDTlong	+0.0100%	4h	0.02062	long leg	$1.5M	$1.3M	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	0.02062	+0.015%	—	$2.3M	—	as long as short
SunX SKR-USDT	+0.0100%	4h	0.02063	+0.078%	$2K	$2.3M	20x	as long as short
HTX SKR-USDT	+0.0100%	4h	0.02068	+0.301%	$13K	$36K	20x	as long as short
Backpack SKR_USDC_PERP	+0.0211%	1h	0.02061	−0.034%	$50K	$192K	5x	as long as short
Phoenix SKR	+0.1918%	1h	0.02073	+0.534%	$4K	$10K	3x	as long as short