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: Gate against Bybit+0.029%7-day average −0.029% · you sell dearer than you buy

Net, funding: paid 7d − costs−$268as in the Funding arb table

Net, price: spread back to 7d avg − costs−$266as in the Price arb table

costs, in and out, $10k−$2722.719% of the position

Long on Bybit Short on Gate

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−0.025%−$3 · spread now +0.029%, 7d avg −0.029%

Together, before fees+0.009%+$1 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: Gate is 0.058% dearer against Bybit than usual: you sell high and buy low, +$6 on $10k if it goes back to its 7-day average of −0.029%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit SKRUSDT	0.02078	0.0100	pay 0.0050% / 4h	1h 41m	$4.4M	$5.2M	20x
Short	Gate SKR_USDT	0.02079	0.0100	get 0.0050% / 4h	1h 41m	$1.0M	$546K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now +0.029%Rate

Funding earned: $0
Price spread: +0.029% → −0.029%: $5.82
Slippage, 4 orders: −$245.9
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$266.08
Costs to cover: 2.719%
Break-even: never at this rate

Slippage from Bybit: live order book, 1 min ago; Gate: live order book, just now.

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, 1 min ago	1.44 bp	40.7 bp −$41	126.4 bp −$1,264	doesn't fit	doesn't fit
Sell Gate live order book, just now	10.34 bp	95.0 bp −$95	doesn't fit	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	0.02076	−0.091%	$234K	$161K	20x	as long as short
Lighter SKR	+0.0096%	1h	0.02074	−0.226%	$9K	$21K	3x	as long as short
Hyperliquid SKR	+0.0100%	1h	0.02077	−0.038%	$1.3M	$792K	3x	as long as short
Aster SKRUSDT	+0.0100%	4h	0.02079	+0.029%	$28K	$34K	5x	as long as short
Binance SKRUSDT	+0.0100%	4h	0.02079	+0.030%	$3.5M	$13.2M	20x	as long as short
Bybit SKRUSDTlong	+0.0100%	4h	0.02078	long leg	$4.4M	$5.2M	20x
Gate SKR_USDTshort	+0.0100%	4h	0.02079	+0.029%	$1.0M	$546K	20x
MEXC SKR_USDT	+0.0100%	4h	0.02078	−0.014%	$4.3M	$470K	20x	as long as short
KuCoin SKRUSDTM	+0.0100%	4h	0.02079	+0.048%	$652K	$719K	20x	as long as short
Bitget SKRUSDT	+0.0100%	4h	0.02080	+0.063%	$1.5M	$1.2M	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	0.02078	−0.010%	—	$2.4M	—	as long as short
Backpack SKR_USDC_PERP	+0.0100%	1h	0.02081	+0.111%	$49K	$201K	5x	as long as short
SunX SKR-USDT	+0.0100%	4h	0.02080	+0.101%	$1K	$2.3M	20x	as long as short
HTX SKR-USDT	+0.0100%	4h	0.02076	−0.096%	$14K	$37K	20x	as long as short
Phoenix SKR	+0.1918%	1h	0.02073	−0.274%	$4K	$10K	3x	as long as short