Funding arb · Price arb /

SKR

all SKR markets

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 −0.001%

Price spread now: Bybit against Gate+0.066%7-day average +0.028% · you sell dearer than you buy

Net, funding: paid 7d − costs−$314as in the Funding arb table

Net, price: spread back to 7d avg − costs−$307as in the Price arb table

costs, in and out, $10k−$3103.104% of the position

Long on Gate Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.036%−$4 on $10k

Price spread, last 7 days−0.079%−$8 · spread now +0.066%, 7d avg +0.028%

Together, before fees−0.115%−$11 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: Bybit is 0.038% dearer against Gate than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of +0.028%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate SKR_USDT	0.02284	0.0100	pay 0.0050% / 4h	2h 41m	$1.1M	$1.5M	20x
Short	Bybit SKRUSDT	0.02286	0.0100	get 0.0050% / 4h	2h 41m	$5.3M	$8.7M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now +0.066%Rate

Funding earned: $0
Price spread: +0.066% → +0.028%: $3.78
Slippage, 4 orders: −$284.36
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$306.58
Costs to cover: 3.104%
Break-even: never at this rate

Slippage from Gate: live order book, 1 min ago; Bybit: 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, 1 min ago	11.84 bp	110.2 bp −$110	doesn't fit	doesn't fit	doesn't fit
Sell Bybit live order book, 2 min ago	4.55 bp	44.9 bp −$45	155.0 bp −$1,550	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	0.02292	+0.363%	$304K	$177K	20x	as long as short
Hyperliquid SKR	−0.0016%	1h	0.02286	+0.070%	$1.5M	$1.3M	3x	as long as short
Lighter SKR	+0.0096%	1h	0.02286	+0.066%	$9K	$23K	3x	as long as short
Aster SKRUSDT	+0.0100%	4h	0.02287	+0.136%	$30K	$107K	5x	as long as short
Binance SKRUSDT	+0.0100%	4h	0.02288	+0.157%	$4.5M	$22.9M	20x	as long as short
Bybit SKRUSDTshort	+0.0100%	4h	0.02286	+0.066%	$5.3M	$8.7M	20x
Gate SKR_USDTlong	+0.0100%	4h	0.02284	long leg	$1.1M	$1.5M	20x
MEXC SKR_USDT	+0.0100%	4h	0.02290	+0.267%	$5.3M	$747K	20x	as long as short
KuCoin SKRUSDTM	+0.0100%	4h	0.02283	−0.066%	$780K	$1.3M	20x	as long as short
Bitget SKRUSDT	+0.0100%	4h	0.02288	+0.184%	$1.7M	$3.1M	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	0.02286	+0.083%	—	$2.7M	—	as long as short
Backpack SKR_USDC_PERP	+0.0100%	1h	0.02273	−0.468%	$57K	$197K	5x	as long as short
SunX SKR-USDT	+0.0100%	4h	0.02267	−0.740%	$1K	$2.8M	20x	as long as short
HTX SKR-USDT	+0.0100%	4h	0.02298	+0.617%	$15K	$39K	20x	as long as short
Phoenix SKR	+0.0735%	1h	0.02247	−1.607%	$4K	$10K	3x	as long as short