Funding arb · Price arb /

SKR

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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: MEXC against Bitget−0.043%7-day average +0.015% · you buy dearer than you sell

Net, funding: paid 7d − costs−$114as in the Funding arb table

Net, price: spread back to 7d avg − costs−$120as in the Price arb table

costs, in and out, $10k−$1141.140% of the position

Long on Bitget Short on MEXC

What this pair did over the last

the charts below follow

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

Price spread, last 7 days−0.040%−$4 · spread now −0.043%, 7d avg +0.015%

Together, before fees−0.040%−$4 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: MEXC is 0.058% cheaper against Bitget than usual: you would sell low and buy high, −$6 on $10k if it goes back to its 7-day average of +0.015%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget SKRUSDT	0.02115	0.0100	pay 0.0050% / 4h	1h 10m	$1.5M	$1.1M	20x
Short	MEXC SKR_USDT	0.02114	0.0100	get 0.0050% / 4h	1h 10m	$4.4M	$483K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now −0.043%Rate

Funding earned: $0
Price spread: −0.043% → +0.015%: −$5.76
Slippage, 4 orders: −$98.01
Fee Bitget: 6 bp × 2 orders: −$12
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$119.77
Costs to cover: 1.140%
Break-even: never at this rate

Slippage from Bitget: live order book, 1 min ago; MEXC: live order book, 2 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, 1 min ago	8.28 bp	46.3 bp −$46	doesn't fit	doesn't fit	doesn't fit
Sell MEXC live order book, 2 min ago	2.13 bp	8.9 bp −$9	42.8 bp −$428	221.8 bp −$22.2K	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	0.02114	−0.038%	$233K	$153K	20x	as long as short
Lighter SKR	+0.0096%	1h	0.02109	−0.284%	$14K	$17K	3x	as long as short
Hyperliquid SKR	+0.0100%	1h	0.02115	−0.033%	$1.3M	$744K	3x	as long as short
Aster SKRUSDT	+0.0100%	4h	0.02111	−0.202%	$26K	$33K	5x	as long as short
Binance SKRUSDT	+0.0100%	4h	0.02114	−0.061%	$3.5M	$12.1M	20x	as long as short
Bybit SKRUSDT	+0.0100%	4h	0.02113	−0.104%	$4.5M	$4.9M	20x	as long as short
Gate SKR_USDT	+0.0100%	4h	0.02111	−0.203%	$1.0M	$531K	20x	as long as short
MEXC SKR_USDTshort	+0.0100%	4h	0.02114	−0.043%	$4.4M	$483K	20x
KuCoin SKRUSDTM	+0.0100%	4h	0.02113	−0.128%	$680K	$684K	20x	as long as short
Bitget SKRUSDTlong	+0.0100%	4h	0.02115	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	0.02115	+0.005%	—	$2.4M	—	as long as short
Backpack SKR_USDC_PERP	+0.0100%	1h	0.02112	−0.147%	$50K	$212K	5x	as long as short
SunX SKR-USDT	+0.0100%	4h	0.02110	−0.222%	$2K	$2.3M	20x	as long as short
HTX SKR-USDT	+0.0100%	4h	0.02114	−0.057%	$14K	$36K	20x	as long as short
Phoenix SKR	+0.0379%	1h	0.02115	−0.005%	$4K	$10K	3x	as long as short