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: Bitget against Bybit+0.109%7-day average −0.032% · you sell dearer than you buy

Net, funding: paid 7d − costs−$158as in the Funding arb table

Net, price: spread back to 7d avg − costs−$149as in the Price arb table

costs, in and out, $10k−$1631.630% of the position

Long on Bybit Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days+0.050%+$5 on $10k

Price spread, last 7 days−0.113%−$11 · spread now +0.109%, 7d avg −0.032%

Together, before fees−0.063%−$6 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: Bitget is 0.141% dearer against Bybit than usual: you sell high and buy low, +$14 on $10k if it goes back to its 7-day average of −0.032%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit SKRUSDT	0.02108	0.0100	pay 0.0050% / 4h	1h 53m	$4.5M	$4.8M	20x
Short	Bitget SKRUSDT	0.02110	0.0100	get 0.0050% / 4h	1h 53m	$1.5M	$1.1M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now +0.109%Rate

Funding earned: $0
Price spread: +0.109% → −0.032%: $14.09
Slippage, 4 orders: −$140.01
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$148.92
Costs to cover: 1.630%
Break-even: never at this rate

Slippage from Bybit: live order book, 5 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

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Bybit live order book, 5 min ago	3.56 bp	41.0 bp −$41	124.1 bp −$1,241	doesn't fit	doesn't fit
Sell Bitget live order book, 3 min ago	6.38 bp	43.5 bp −$44	165.4 bp −$1,654	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	0.02106	−0.081%	$236K	$152K	20x	as long as short
Backpack SKR_USDC_PERP	−0.0033%	1h	0.02107	−0.038%	$50K	$219K	5x	as long as short
Lighter SKR	+0.0096%	1h	0.02103	−0.242%	$14K	$17K	3x	as long as short
Hyperliquid SKR	+0.0100%	1h	0.02109	+0.047%	$1.3M	$734K	3x	as long as short
Aster SKRUSDT	+0.0100%	4h	0.02106	−0.075%	$26K	$33K	5x	as long as short
Binance SKRUSDT	+0.0100%	4h	0.02107	−0.042%	$3.6M	$11.9M	20x	as long as short
Bybit SKRUSDTlong	+0.0100%	4h	0.02108	long leg	$4.5M	$4.8M	20x
Gate SKR_USDT	+0.0100%	4h	0.02110	+0.085%	$1.0M	$528K	20x	as long as short
MEXC SKR_USDT	+0.0100%	4h	0.02107	−0.033%	$4.4M	$479K	20x	as long as short
KuCoin SKRUSDTM	+0.0100%	4h	0.02110	+0.090%	$682K	$684K	20x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget SKRUSDTshort	+0.0100%	4h	0.02110	+0.109%	$1.5M	$1.1M	20x
BingX SKR-USDT	+0.0100%	4h	0.02109	+0.038%	—	$2.4M	—	as long as short
SunX SKR-USDT	+0.0100%	4h	0.02105	−0.157%	$2K	$2.3M	20x	as long as short
HTX SKR-USDT	+0.0100%	4h	0.02113	+0.228%	$14K	$37K	20x	as long as short
Phoenix SKR	+0.0379%	1h	0.02123	+0.731%	$4K	$10K	3x	as long as short