Funding arb · Price arb /

SKR

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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: SunX against Bybit−0.099%7-day average −0.159% · you buy dearer than you sell

Net, funding: paid 7d − costs−$174as in the Funding arb table

Net, price: spread back to 7d avg − costs−$172as in the Price arb table

costs, in and out, $10k−$1781.779% of the position

Long on Bybit Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.034%+$3 on $10k

Price spread, last 3 days (all we have)−0.251%−$25 · spread now −0.099%, 7d avg −0.159%

Together, before fees−0.217%−$22 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: SunX is 0.060% dearer against Bybit than usual: you sell high and buy low, +$6 on $10k if it goes back to its 7-day average of −0.159%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit SKRUSDT	0.02125	0.0100	pay 0.0050% / 4h	3h 38m	$4.6M	$5.0M	20x
Short	SunX SKR-USDT	0.02123	0.0100	get 0.0050% / 4h	3h 38m	$1K	$2.3M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now −0.099%Rate

Funding earned: $0
Price spread: −0.099% → −0.159%: $5.99
Slippage, 4 orders: −$158.94
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee SunX: 4 bp × 2 orders: −$8
Net: −$171.94
Costs to cover: 1.779%
Break-even: never at this rate

Slippage from Bybit: live order book, 5 min ago; SunX: live order book, 8 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	5.90 bp	46.5 bp −$46	149.9 bp −$1,499	doesn't fit	doesn't fit
Sell SunX live order book, 8 min ago	26.42 bp	43.9 bp −$44	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	0.02125	−0.005%	$238K	$157K	20x	as long as short
BingX SKR-USDT	+0.0070%	4h	0.02127	+0.094%	—	$2.4M	—	as long as short
Lighter SKR	+0.0096%	1h	0.02123	−0.108%	$9K	$22K	3x	as long as short
Hyperliquid SKR	+0.0100%	1h	0.02128	+0.127%	$1.3M	$717K	3x	as long as short
Aster SKRUSDT	+0.0100%	4h	0.02126	+0.052%	$27K	$32K	5x	as long as short
Binance SKRUSDT	+0.0100%	4h	0.02127	+0.078%	$3.6M	$12.4M	20x	as long as short
Bybit SKRUSDTlong	+0.0100%	4h	0.02125	long leg	$4.6M	$5.0M	20x
MEXC SKR_USDT	+0.0100%	4h	0.02126	+0.061%	$4.4M	$463K	20x	as long as short
KuCoin SKRUSDTM	+0.0100%	4h	0.02128	+0.122%	$688K	$687K	20x	as long as short
Bitget SKRUSDT	+0.0100%	4h	0.02126	+0.038%	$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
SunX SKR-USDTshort	+0.0100%	4h	0.02123	−0.099%	$1K	$2.3M	20x
HTX SKR-USDT	+0.0100%	4h	0.02127	+0.094%	$14K	$36K	20x	as long as short
Gate SKR_USDT	+0.0160%	4h	0.02127	+0.104%	$1.0M	$528K	20x	as long as short
Backpack SKR_USDC_PERP	+0.0605%	1h	0.02126	+0.047%	$53K	$196K	5x	as long as short
Phoenix SKR	+0.1502%	1h	0.02119	−0.268%	$4K	$10K	3x	as long as short