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+0.0240%/8h= +26.3% APRnext payment +$1.20 per $10,000 · paid last 24h +0.031%
Price spread now: Bitget against BloFin+0.317%45s7-day average −0.059% · you sell dearer than you buy
Net, funding: paid 7d − costs−$116as in the Funding arb table
Net, price: spread back to 7d avg − costsprices read too far apart to compare
costs, in and out, $10k−$1371.365% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.201%+$20 on $10k
Price spread, last 4 days (all we have)+0.100%+$10 · spread now +0.317%, 7d avg −0.059%
Together, before fees+0.301%+$30 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$7 a day on $10k at the current rate, and Bitget is 0.375% dearer against BloFin than usual: you sell high and buy low: +$38 more if the spread goes back to its 7-day average of −0.059%. The two prices were read 45 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBloFin SKR-USDT0.02085−0.0140get 0.0070% / 4h48m 30s$227K$162K20x
ShortBitget SKRUSDT0.020920.0100get 0.0050% / 4h48m 30s$1.5M$1.3M20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bitget against BloFin. 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
$50.4
Price spread: +0.317% → −0.059%
$37.51
Slippage, 4 orders
−$112.54
Fee BloFin: 6 bp × 2 orders
−$12
Fee Bitget: 6 bp × 2 orders
−$12
Net
−$48.63
Costs to cover
1.365%
Break-even
13.8 days
Slippage from BloFin: live order book, 50 min ago; Bitget: live order book, 3 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 BloFin live order book, 50 min ago0.24 bp30.3 bp −$30doesn't fitdoesn't fitdoesn't fit
Sell Bitget live order book, 3 min ago6.47 bp39.1 bp −$39doesn'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-USDTlong−0.0140%4h0.02085long leg$227K$162K20x
Lighter SKR+0.0096%1h0.02087+0.072%$9K$20K3xas long as short
Hyperliquid SKR+0.0100%1h0.02093+0.388%$1.3M$808K3xas long as short
Aster SKRUSDT+0.0100%4h0.02087+0.092%$28K$35K5xas long as short
Binance SKRUSDT+0.0100%4h0.02091+0.298%$3.5M$13.3M20xas long as short
Bybit SKRUSDT+0.0100%4h0.02089+0.206%$4.5M$5.3M20xas long as short
Gate SKR_USDT+0.0100%4h0.02088+0.163%$1.0M$554K20xas long as short
MEXC SKR_USDT+0.0100%4h0.02092+0.345%$4.3M$471K20xas long as short
KuCoin SKRUSDTM+0.0100%4h0.02086+0.058%$640K$724K20xas long as short
Bitget SKRUSDTshort+0.0100%4h0.02092+0.317%$1.5M$1.3M20x
Show all 15 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BingX SKR-USDT+0.0100%4h0.02091+0.312%$2.3Mas long as short
SunX SKR-USDT+0.0100%4h0.02082−0.153%$1K$2.3M20xas long as short
HTX SKR-USDT+0.0100%4h0.02090+0.245%$14K$35K20xas long as short
Backpack SKR_USDC_PERP+0.1099%1h0.02086+0.048%$50K$182K5xas long as short
Phoenix SKR+0.1165%1h0.02092+0.345%$4K$10K3xas long as short