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: HTX against Bybit−0.009%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Bybit Short on HTX

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—no price history on both exchanges yet

Together, before fees—needs both histories

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit SKRUSDT	0.02106	0.0100	pay 0.0050% / 4h	24m 21s	$4.5M	$4.9M	20x
Short	HTX SKR-USDT	0.02105	0.0100	get 0.0050% / 4h	24m 21s	$14K	$36K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX 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 HTXbpOrdersPrice spread, now −0.009%Rate

Funding earned: $0
Price spread: −0.009% → 0.000%: −$0.95
Slippage, 4 orders: no order book: not counted
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee HTX: 6 bp × 2 orders: −$12
Net: −$23.95
Costs to cover: 0.230%
Break-even: never at this rate

Slippage unknown: Bybit: live order book, 3 min ago; HTX: no order-book sample. Net counts fees only.

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, 3 min ago	2.15 bp	41.1 bp −$41	140.3 bp −$1,403	doesn't fit	doesn't fit
Sell HTX no order-book sample	—	—	—	—	—

HTX: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	0.02105	−0.005%	$233K	$154K	20x	as long as short
Lighter SKR	+0.0096%	1h	0.02100	−0.261%	$14K	$16K	3x	as long as short
Hyperliquid SKR	+0.0100%	1h	0.02106	+0.009%	$1.3M	$740K	3x	as long as short
Aster SKRUSDT	+0.0100%	4h	0.02104	−0.076%	$26K	$32K	5x	as long as short
Binance SKRUSDT	+0.0100%	4h	0.02106	+0.026%	$3.5M	$12.2M	20x	as long as short
Bybit SKRUSDTlong	+0.0100%	4h	0.02106	long leg	$4.5M	$4.9M	20x
Gate SKR_USDT	+0.0100%	4h	0.02106	0.000%	$1.0M	$530K	20x	as long as short
MEXC SKR_USDT	+0.0100%	4h	0.02106	+0.009%	$4.4M	$464K	20x	as long as short
KuCoin SKRUSDTM	+0.0100%	4h	0.02103	−0.104%	$677K	$685K	20x	as long as short
Bitget SKRUSDT	+0.0100%	4h	0.02106	+0.038%	$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	0.02106	+0.005%	—	$2.4M	—	as long as short
SunX SKR-USDT	+0.0100%	4h	0.02101	−0.190%	$2K	$2.3M	20x	as long as short
HTX SKR-USDTshort	+0.0100%	4h	0.02105	−0.009%	$14K	$36K	20x
Backpack SKR_USDC_PERP	+0.0249%	1h	0.02104	−0.076%	$50K	$213K	5x	as long as short
Phoenix SKR	+0.0755%	1h	0.02099	−0.313%	$4K	$10K	3x	as long as short