Funding arb · Price arb /

SKR

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.004%

Price spread now: KuCoin against Bybit−0.024%7-day average +0.059% · you buy dearer than you sell

Net, funding: paid 7d − costs−$594as in the Funding arb table

Net, price: spread back to 7d avg − costs−$617as in the Price arb table

costs, in and out, $10k−$6096.088% of the position

Long on Bybit Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.149%+$15 on $10k

Price spread, last 4 days (all we have)+0.065%+$6 · spread now −0.024%, 7d avg +0.059%

Together, before fees+0.214%+$21 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: KuCoin is 0.083% cheaper against Bybit than usual: you would sell low and buy high, −$8 on $10k if it goes back to its 7-day average of +0.059%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit SKRUSDT	0.02098	0.0100	pay 0.0050% / 4h	1h 57m	$4.6M	$10.9M	20x
Short	KuCoin SKRUSDTM	0.02097	0.0100	get 0.0050% / 4h	1h 57m	$693K	$1.6M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now −0.024%Rate

Funding earned: $0
Price spread: −0.024% → +0.059%: −$8.32
Slippage, 4 orders: −$585.76
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$617.08
Costs to cover: 6.088%
Break-even: never at this rate

Slippage from Bybit: live order book, 4 min ago; KuCoin: live order book, 2 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, 4 min ago	2.14 bp	39.3 bp −$39	129.2 bp −$1,292	doesn't fit	doesn't fit
Sell KuCoin live order book, 2 min ago	4.05 bp	192.1 bp −$192	doesn't fit	doesn't fit	doesn't fit

SKR on 15 exchanges

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	0.02098	+0.010%	$233K	$164K	20x	as long as short
Lighter SKR	+0.0096%	1h	0.02097	−0.057%	$8K	$26K	3x	as long as short
Hyperliquid SKR	+0.0100%	1h	0.02096	−0.100%	$1.3M	$1.5M	3x	as long as short
Aster SKRUSDT	+0.0100%	4h	0.02096	−0.093%	$25K	$122K	5x	as long as short
Binance SKRUSDT	+0.0100%	4h	0.02097	−0.015%	$3.6M	$28.3M	20x	as long as short
Bybit SKRUSDTlong	+0.0100%	4h	0.02098	long leg	$4.6M	$10.9M	20x
Gate SKR_USDT	+0.0100%	4h	0.02097	−0.029%	$982K	$1.7M	20x	as long as short
MEXC SKR_USDT	+0.0100%	4h	0.02098	0.000%	$5.0M	$802K	20x	as long as short
KuCoin SKRUSDTMshort	+0.0100%	4h	0.02097	−0.024%	$693K	$1.6M	20x
Bitget SKRUSDT	+0.0100%	4h	0.02097	−0.048%	$1.6M	$3.6M	20x	as long as short

Show all 15 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX SKR-USDT	+0.0100%	4h	0.02098	−0.010%	—	$2.8M	—	as long as short
Backpack SKR_USDC_PERP	+0.0100%	1h	0.02098	+0.010%	$53K	$200K	5x	as long as short
SunX SKR-USDT	+0.0100%	4h	0.02093	−0.210%	$2K	$3.2M	20x	as long as short
HTX SKR-USDT	+0.0100%	4h	0.02103	+0.257%	$14K	$40K	20x	as long as short
Phoenix SKR	+0.0378%	1h	0.02104	+0.300%	$4K	$10K	3x	as long as short