Funding arb · Price arb /

SKR

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: MEXC against Bybit−0.750%7-day average −0.013% · you buy dearer than you sell

Net, funding: paid 7d − costs−$99as in the Funding arb table

Net, price: spread back to 7d avg − costs−$176as in the Price arb table

costs, in and out, $10k−$1021.020% of the position

Long on Bybit Short on MEXC

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+0.746%+$75 · spread now −0.750%, 7d avg −0.013%

Together, before fees+0.780%+$78 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: MEXC is 0.737% cheaper against Bybit than usual: you would sell low and buy high, −$74 on $10k if it goes back to its 7-day average of −0.013%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit SKRUSDT	0.02414	0.0100	pay 0.0050% / 4h	2h 53m	$5.3M	$6.0M	20x
Short	MEXC SKR_USDT	0.02396	0.0100	get 0.0050% / 4h	2h 53m	$4.9M	$499K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now −0.750%Rate

Funding earned: $0
Price spread: −0.750% → −0.013%: −$73.67
Slippage, 4 orders: −$87
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$175.68
Costs to cover: 1.020%
Break-even: never at this rate

Slippage from Bybit: live order book, 4 min ago; MEXC: live order book, 4 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	5.04 bp	41.1 bp −$41	135.7 bp −$1,357	doesn't fit	doesn't fit
Sell MEXC live order book, 4 min ago	2.51 bp	7.8 bp −$8	27.6 bp −$276	310.7 bp −$31.1K	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	0.02435	+0.878%	$259K	$183K	20x	as long as short
Lighter SKR	+0.0096%	1h	0.02432	+0.725%	$10K	$18K	3x	as long as short
Binance SKRUSDT	+0.0100%	4h	0.02432	+0.722%	$4.2M	$16.0M	20x	as long as short
Bybit SKRUSDTlong	+0.0100%	4h	0.02414	long leg	$5.3M	$6.0M	20x
MEXC SKR_USDTshort	+0.0100%	4h	0.02396	−0.750%	$4.9M	$499K	20x
KuCoin SKRUSDTM	+0.0100%	4h	0.02399	−0.646%	$779K	$806K	20x	as long as short
Bitget SKRUSDT	+0.0100%	4h	0.02411	−0.128%	$1.8M	$1.7M	20x	as long as short
BingX SKR-USDT	+0.0100%	4h	0.02409	−0.195%	—	$2.5M	—	as long as short
SunX SKR-USDT	+0.0100%	4h	0.02416	+0.062%	$2K	$2.4M	20x	as long as short
HTX SKR-USDT	+0.0100%	4h	0.02346	−2.846%	$15K	$36K	20x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster SKRUSDT	+0.0162%	4h	0.02421	+0.286%	$33K	$76K	5x	as long as short
Hyperliquid SKR	+0.0403%	1h	0.02401	−0.534%	$1.6M	$896K	3x	as long as short
Gate SKR_USDT	+0.0560%	4h	0.02407	−0.294%	$1.2M	$678K	20x	as long as short
Phoenix SKR	+0.0735%	1h	0.02341	−3.040%	$4K	$10K	3x	as long as short
Backpack SKR_USDC_PERP	+0.2095%	1h	0.02347	−2.763%	$57K	$174K	5x	as long as short