Funding arb · Price arb /

SKR

all SKR markets

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: Binance against Gate−0.003%7-day average +0.036% · you buy dearer than you sell

Net, funding: paid 7d − costs−$274as in the Funding arb table

Net, price: spread back to 7d avg − costs−$278as in the Price arb table

costs, in and out, $10k−$2742.739% of the position

Long on Gate Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days0.000%$0 on $10k

Price spread, last 4 days (all we have)+0.216%+$22 · spread now −0.003%, 7d avg +0.036%

Together, before fees+0.216%+$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: Binance is 0.039% cheaper against Gate than usual: you would sell low and buy high, −$4 on $10k if it goes back to its 7-day average of +0.036%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate SKR_USDT	0.02115	0.0100	pay 0.0050% / 4h	2h 48m	$1.0M	$530K	20x
Short	Binance SKRUSDT	0.02115	0.0100	get 0.0050% / 4h	2h 48m	$3.6M	$11.7M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Gate. 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 GatebpFee BinancebpOrdersPrice spread, now −0.003%Rate

Funding earned: $0
Price spread: −0.003% → +0.036%: −$3.86
Slippage, 4 orders: −$248.86
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Binance: 5 bp × 2 orders: −$10
Net: −$277.71
Costs to cover: 2.739%
Break-even: never at this rate

Slippage from Gate: live order book, 3 min ago; Binance: live order book, 6 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 Gate live order book, 3 min ago	11.80 bp	103.3 bp −$103	doesn't fit	doesn't fit	doesn't fit
Sell Binance live order book, 6 min ago	3.29 bp	33.8 bp −$34	133.9 bp −$1,339	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	0.02116	+0.009%	$237K	$148K	20x	as long as short
Lighter SKR	+0.0096%	1h	0.02110	−0.227%	$14K	$17K	3x	as long as short
Hyperliquid SKR	+0.0100%	1h	0.02117	+0.076%	$1.3M	$727K	3x	as long as short
Aster SKRUSDT	+0.0100%	4h	0.02115	−0.001%	$26K	$33K	5x	as long as short
Binance SKRUSDTshort	+0.0100%	4h	0.02115	−0.003%	$3.6M	$11.7M	20x
Bybit SKRUSDT	+0.0100%	4h	0.02115	0.000%	$4.5M	$4.8M	20x	as long as short
Gate SKR_USDTlong	+0.0100%	4h	0.02115	long leg	$1.0M	$530K	20x
MEXC SKR_USDT	+0.0100%	4h	0.02115	−0.014%	$4.4M	$489K	20x	as long as short
KuCoin SKRUSDTM	+0.0100%	4h	0.02115	−0.009%	$686K	$685K	20x	as long as short
Bitget SKRUSDT	+0.0100%	4h	0.02116	+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	0.02116	+0.024%	—	$2.3M	—	as long as short
Backpack SKR_USDC_PERP	+0.0100%	1h	0.02114	−0.057%	$50K	$231K	5x	as long as short
SunX SKR-USDT	+0.0100%	4h	0.02111	−0.222%	$2K	$2.3M	20x	as long as short
HTX SKR-USDT	+0.0100%	4h	0.02120	+0.213%	$14K	$37K	20x	as long as short
Phoenix SKR	+0.1507%	1h	0.02129	+0.662%	$4K	$10K	3x	as long as short