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 −0.005%

Price spread now: BingX against Bybit−0.042%7-day average +0.008% · you buy dearer than you sell

Net, funding: paid 7d − costs−$174as in the Funding arb table

Net, price: spread back to 7d avg − costs−$183as in the Price arb table

costs, in and out, $10k−$1781.785% of the position

Long on Bybit Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.042%+$4 on $10k

Price spread, last 7 days+0.054%+$5 · spread now −0.042%, 7d avg +0.008%

Together, before fees+0.096%+$10 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: BingX is 0.050% cheaper against Bybit than usual: you would sell low and buy high, −$5 on $10k if it goes back to its 7-day average of +0.008%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit SKRUSDT	0.02132	0.0100	pay 0.0050% / 4h	2h 31m	$4.6M	$4.8M	20x
Short	BingX SKR-USDT	0.02132	0.0100	get 0.0050% / 4h	2h 31m	—	$2.4M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX 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 BingXbpOrdersPrice spread, now −0.042%Rate

Funding earned: $0
Price spread: −0.042% → +0.008%: −$5.01
Slippage, 4 orders: −$157.49
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee BingX: 5 bp × 2 orders: −$10
Net: −$183.5
Costs to cover: 1.785%
Break-even: never at this rate

Slippage from Bybit: live order book, 2 min ago; BingX: live order book, 8 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, 2 min ago	2.81 bp	42.7 bp −$43	142.2 bp −$1,422	doesn't fit	doesn't fit
Sell BingX live order book, 8 min ago	7.25 bp	48.5 bp −$49	152.5 bp −$1,525	757.1 bp −$75.7K	1181.8 bp −$590.9K

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	0.02130	−0.094%	$237K	$153K	20x	as long as short
Lighter SKR	+0.0096%	1h	0.02127	−0.239%	$14K	$17K	3x	as long as short
Hyperliquid SKR	+0.0100%	1h	0.02132	−0.028%	$1.4M	$731K	3x	as long as short
Aster SKRUSDT	+0.0100%	4h	0.02134	+0.069%	$27K	$33K	5x	as long as short
Binance SKRUSDT	+0.0100%	4h	0.02132	+0.001%	$3.6M	$11.7M	20x	as long as short
Bybit SKRUSDTlong	+0.0100%	4h	0.02132	long leg	$4.6M	$4.8M	20x
Gate SKR_USDT	+0.0100%	4h	0.02135	+0.103%	$1.0M	$531K	20x	as long as short
MEXC SKR_USDT	+0.0100%	4h	0.02133	+0.023%	$4.4M	$490K	20x	as long as short
KuCoin SKRUSDTM	+0.0100%	4h	0.02134	+0.094%	$690K	$686K	20x	as long as short
Bitget SKRUSDT	+0.0100%	4h	0.02134	+0.070%	$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-USDTshort	+0.0100%	4h	0.02132	−0.042%	—	$2.4M	—
Backpack SKR_USDC_PERP	+0.0100%	1h	0.02131	−0.052%	$51K	$231K	5x	as long as short
SunX SKR-USDT	+0.0100%	4h	0.02129	−0.145%	$2K	$2.3M	20x	as long as short
HTX SKR-USDT	+0.0100%	4h	0.02134	+0.056%	$14K	$37K	20x	as long as short
Phoenix SKR	+0.1507%	1h	0.02135	+0.108%	$4K	$10K	3x	as long as short