SKR

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0204%/8h= +22.3% APRpaid last 24h +0.010%

Price spread now: Backpack against Bybit+0.014%7-day average +0.019% · you sell dearer than you buy

Net, funding: paid 7d − costs−$56as in the Funding arb table

Net, price: spread back to 7d avg − costs−$111as in the Price arb table

costs, in and out, $10k−$1111.110% of the position

What this pair did over the last

the charts below follow

Funding, last 7 days+0.553%+$55 on $10k

Price spread, last 4 days (all we have)+0.012%+$1 · spread now +0.014%, 7d avg +0.019%

Together, before fees+0.565%+$57 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.019%, so right now this pair is about funding alone: +$6 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit SKRUSDT	0.02111	0.0100	pay 0.0050% / 4h	8m 13s	$4.5M	$5.0M	20x
Short	Backpack SKR_USDC_PERP	0.02111	0.0304	get 0.0038% / 1h	8m 13s	$50K	$213K	5x

Funding history

latest

Range statsloading…

Backpack against Bybit. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

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

Position, each leg$Hold fordaysFee BybitbpFee BackpackbpOrdersPrice spread, now +0.014%Rate

Slippage from Bybit: live order book, 4 min ago; Backpack: live order book, 5 min ago.

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, 4 min ago	4.50 bp	38.8 bp −$39	142.7 bp −$1,427	doesn't fit	doesn't fit
Sell Backpack live order book, 5 min ago	2.13 bp	14.0 bp −$14	doesn't fit	doesn't fit	doesn't fit

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	+0.133%	$233K	$155K	20x	as long as short
Lighter SKR	+0.0096%	1h	0.02107	−0.194%	$14K	$16K	3x	as long as short
Hyperliquid SKR	+0.0100%	1h	0.02112	+0.071%	$1.3M	$742K	3x	as long as short
Aster SKRUSDT	+0.0100%	4h	0.02109	−0.086%	$26K	$32K	5x	as long as short
Binance SKRUSDT	+0.0100%	4h	0.02112	+0.029%	$3.6M	$12.3M	20x	as long as short
Bybit SKRUSDTlong	+0.0100%	4h	0.02111	long leg	$4.5M	$5.0M	20x
Gate SKR_USDT	+0.0100%	4h	0.02109	−0.095%	$1.0M	$531K	20x	as long as short
MEXC SKR_USDT	+0.0100%	4h	0.02110	−0.033%	$4.4M	$465K	20x	as long as short
KuCoin SKRUSDTM	+0.0100%	4h	0.02111	−0.014%	$679K	$685K	20x	as long as short
Bitget SKRUSDT	+0.0100%	4h	0.02112	+0.057%	$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	0.02112	+0.071%	—	$2.4M	—	as long as short
SunX SKR-USDT	+0.0100%	4h	0.02102	−0.407%	$2K	$2.3M	20x	as long as short
HTX SKR-USDT	+0.0100%	4h	0.02113	+0.114%	$14K	$36K	20x	as long as short
Backpack SKR_USDC_PERPshort	+0.0304%	1h	0.02111	+0.014%	$50K	$213K	5x
Phoenix SKR	+0.0755%	1h	0.02119	+0.403%	$4K	$10K	3x	as long as short