Funding arb · Price arb /

SKR

all SKR markets

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: Bitget against Gate+0.332%7-day average +0.014% · you sell dearer than you buy

Net, funding: paid 7d − costs−$258as in the Funding arb table

Net, price: spread back to 7d avg − costs−$226as in the Price arb table

costs, in and out, $10k−$2582.578% of the position

Long on Gate Short on Bitget

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)−0.344%−$34 · spread now +0.332%, 7d avg +0.014%

Together, before fees−0.344%−$34 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: Bitget is 0.318% dearer against Gate than usual: you sell high and buy low, +$32 on $10k if it goes back to its 7-day average of +0.014%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate SKR_USDT	0.02136	0.0100	pay 0.0050% / 4h	2h 55m	$1.0M	$534K	20x
Short	Bitget SKRUSDT	0.02143	0.0100	get 0.0050% / 4h	2h 55m	$1.5M	$1.2M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now +0.332%Rate

Funding earned: $0
Price spread: +0.332% → +0.014%: $31.83
Slippage, 4 orders: −$230.79
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$225.96
Costs to cover: 2.578%
Break-even: never at this rate

Slippage from Gate: live order book, 2 min ago; Bitget: 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 Gate live order book, 2 min ago	7.45 bp	66.4 bp −$66	doesn't fit	doesn't fit	doesn't fit
Sell Bitget live order book, 2 min ago	11.48 bp	48.6 bp −$49	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	0.02129	−0.337%	$242K	$161K	20x	as long as short
Lighter SKR	+0.0096%	1h	0.02136	−0.033%	$9K	$21K	3x	as long as short
Aster SKRUSDT	+0.0100%	4h	0.02136	−0.014%	$27K	$33K	5x	as long as short
Binance SKRUSDT	+0.0100%	4h	0.02138	+0.075%	$3.7M	$12.7M	20x	as long as short
Bybit SKRUSDT	+0.0100%	4h	0.02136	−0.033%	$4.6M	$5.1M	20x	as long as short
Gate SKR_USDTlong	+0.0100%	4h	0.02136	long leg	$1.0M	$534K	20x
MEXC SKR_USDT	+0.0100%	4h	0.02138	+0.098%	$4.4M	$461K	20x	as long as short
KuCoin SKRUSDTM	+0.0100%	4h	0.02135	−0.056%	$693K	$699K	20x	as long as short
Bitget SKRUSDTshort	+0.0100%	4h	0.02143	+0.332%	$1.5M	$1.2M	20x
BingX SKR-USDT	+0.0100%	4h	0.02137	+0.014%	—	$2.4M	—	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX SKR-USDT	+0.0100%	4h	0.02135	−0.075%	$2K	$2.3M	20x	as long as short
HTX SKR-USDT	+0.0100%	4h	0.02134	−0.122%	$14K	$36K	20x	as long as short
Hyperliquid SKR	+0.0260%	1h	0.02138	+0.098%	$1.4M	$760K	3x	as long as short
Backpack SKR_USDC_PERP	+0.0337%	1h	0.02136	0.000%	$51K	$200K	5x	as long as short
Phoenix SKR	+0.1502%	1h	0.02152	+0.721%	$4K	$10K	3x	as long as short