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: Aster against Bybit+0.057%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Bybit Short on Aster

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropAster: Stage 5 · farm boardneeds both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Aster is 0.057% dearer against Bybit than usual: you sell high and buy low, +$6 on $10k if it goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit SKRUSDT	0.02095	0.0100	pay 0.0050% / 4h	28m 02s	$4.5M	$4.9M	20x
Short	Aster SKRUSDT	0.02096	0.0100	get 0.0050% / 4h	28m 02s	$26K	$32K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Bybit. 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 BybitbpFee AsterbpOrdersPrice spread, now +0.057%Rate

Funding earned: $0
Price spread: +0.057% → 0.000%: $5.73
Slippage, 4 orders: no order book: not counted
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Aster: 4 bp × 2 orders: −$8
Net: −$13.27
Costs to cover: 0.190%
Break-even: never at this rate

Slippage unknown: Bybit: live order book, 5 min ago; Aster: no order-book sample. Net counts fees only.

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 Bybit live order book, 5 min ago	3.82 bp	38.6 bp −$39	142.5 bp −$1,425	doesn't fit	doesn't fit
Sell Aster no order-book sample	—	—	—	—	—

Aster: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	0.02096	+0.029%	$232K	$153K	20x	as long as short
Lighter SKR	+0.0096%	1h	0.02089	−0.286%	$14K	$16K	3x	as long as short
Hyperliquid SKR	+0.0100%	1h	0.02094	−0.038%	$1.3M	$741K	3x	as long as short
Aster SKRUSDTshort	+0.0100%	4h	0.02096	+0.057%	$26K	$32K	5x
Binance SKRUSDT	+0.0100%	4h	0.02093	−0.098%	$3.5M	$12.2M	20x	as long as short
Bybit SKRUSDTlong	+0.0100%	4h	0.02095	long leg	$4.5M	$4.9M	20x
Gate SKR_USDT	+0.0100%	4h	0.02096	+0.033%	$1.0M	$529K	20x	as long as short
MEXC SKR_USDT	+0.0100%	4h	0.02094	−0.062%	$4.3M	$463K	20x	as long as short
KuCoin SKRUSDTM	+0.0100%	4h	0.02095	−0.005%	$674K	$685K	20x	as long as short
Bitget SKRUSDT	+0.0100%	4h	0.02094	−0.019%	$1.5M	$1.1M	20x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX SKR-USDT	+0.0100%	4h	0.02094	−0.048%	—	$2.4M	—	as long as short
SunX SKR-USDT	+0.0100%	4h	0.02092	−0.129%	$2K	$2.3M	20x	as long as short
HTX SKR-USDT	+0.0100%	4h	0.02095	+0.010%	$14K	$36K	20x	as long as short
Backpack SKR_USDC_PERP	+0.0212%	1h	0.02093	−0.072%	$50K	$213K	5x	as long as short
Phoenix SKR	+0.0755%	1h	0.02094	−0.038%	$4K	$10K	3x	as long as short