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: Binance against Bybit+0.168%7-day average −0.004% · you sell dearer than you buy

Net, funding: paid 7d − costs−$138as in the Funding arb table

Net, price: spread back to 7d avg − costs−$124as in the Price arb table

costs, in and out, $10k−$1411.414% of the position

Long on Bybit Short on Binance

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−0.122%−$12 · spread now +0.168%, 7d avg −0.004%

Together, before fees−0.087%−$9 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: Binance is 0.171% dearer against Bybit than usual: you sell high and buy low, +$17 on $10k if it goes back to its 7-day average of −0.004%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit SKRUSDT	0.02090	0.0100	pay 0.0050% / 4h	48m 15s	$4.5M	$5.3M	20x
Short	Binance SKRUSDT	0.02093	0.0100	get 0.0050% / 4h	48m 15s	$3.5M	$13.3M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance 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 BinancebpOrdersPrice spread, now +0.168%Rate

Funding earned: $0
Price spread: +0.168% → −0.004%: $17.15
Slippage, 4 orders: −$120.44
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Binance: 5 bp × 2 orders: −$10
Net: −$124.29
Costs to cover: 1.414%
Break-even: never at this rate

Slippage from Bybit: live order book, 5 min ago; Binance: live order book, 7 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 Bybit live order book, 5 min ago	0.96 bp	43.5 bp −$43	145.0 bp −$1,450	doesn't fit	doesn't fit
Sell Binance live order book, 7 min ago	2.16 bp	31.6 bp −$32	142.8 bp −$1,428	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	0.02085	−0.215%	$227K	$162K	20x	as long as short
Lighter SKR	+0.0096%	1h	0.02088	−0.086%	$9K	$20K	3x	as long as short
Hyperliquid SKR	+0.0100%	1h	0.02093	+0.172%	$1.3M	$808K	3x	as long as short
Aster SKRUSDT	+0.0100%	4h	0.02087	−0.124%	$28K	$35K	5x	as long as short
Binance SKRUSDTshort	+0.0100%	4h	0.02093	+0.168%	$3.5M	$13.3M	20x
Bybit SKRUSDTlong	+0.0100%	4h	0.02090	long leg	$4.5M	$5.3M	20x
Gate SKR_USDT	+0.0100%	4h	0.02091	+0.091%	$1.0M	$554K	20x	as long as short
MEXC SKR_USDT	+0.0100%	4h	0.02092	+0.129%	$4.3M	$471K	20x	as long as short
KuCoin SKRUSDTM	+0.0100%	4h	0.02086	−0.158%	$640K	$724K	20x	as long as short
Bitget SKRUSDT	+0.0100%	4h	0.02093	+0.153%	$1.5M	$1.3M	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	0.02093	+0.168%	—	$2.3M	—	as long as short
SunX SKR-USDT	+0.0100%	4h	0.02087	−0.134%	$2K	$2.3M	20x	as long as short
HTX SKR-USDT	+0.0100%	4h	0.02090	+0.029%	$14K	$35K	20x	as long as short
Backpack SKR_USDC_PERP	+0.1099%	1h	0.02086	−0.168%	$50K	$182K	5x	as long as short
Phoenix SKR	+0.1165%	1h	0.02092	+0.129%	$4K	$10K	3x	as long as short