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: MEXC against Gate−0.005%7-day average +0.030% · you buy dearer than you sell

Net, funding: paid 7d − costs−$199as in the Funding arb table

Net, price: spread back to 7d avg − costs−$202as in the Price arb table

costs, in and out, $10k−$1991.987% of the position

Long on Gate Short on MEXC

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)+0.029%+$3 · spread now −0.005%, 7d avg +0.030%

Together, before fees+0.029%+$3 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 0.035% 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 +0.030%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate SKR_USDT	0.02094	0.0100	pay 0.0050% / 4h	2h 24m	$1.0M	$544K	20x
Short	MEXC SKR_USDT	0.02094	0.0100	get 0.0050% / 4h	2h 24m	$4.3M	$470K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now −0.005%Rate

Funding earned: $0
Price spread: −0.005% → +0.030%: −$3.52
Slippage, 4 orders: −$179.71
Fee Gate: 7.5 bp × 2 orders: −$15
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$202.23
Costs to cover: 1.987%
Break-even: never at this rate

Slippage from Gate: live order book, 2 min ago; MEXC: live order book, 3 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	8.56 bp	86.8 bp −$87	doesn't fit	doesn't fit	doesn't fit
Sell MEXC live order book, 3 min ago	0.72 bp	6.8 bp −$7	41.2 bp −$412	371.2 bp −$37.1K	doesn't fit

SKR on 14 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
Lighter SKR	+0.0096%	1h	0.02091	−0.158%	$9K	$21K	3x	as long as short
Hyperliquid SKR	+0.0100%	1h	0.02094	+0.029%	$1.3M	$788K	3x	as long as short
Aster SKRUSDT	+0.0100%	4h	0.02096	+0.106%	$28K	$33K	5x	as long as short
Binance SKRUSDT	+0.0100%	4h	0.02096	+0.082%	$3.6M	$13.0M	20x	as long as short
Bybit SKRUSDT	+0.0100%	4h	0.02095	+0.033%	$4.5M	$5.2M	20x	as long as short
Gate SKR_USDTlong	+0.0100%	4h	0.02094	long leg	$1.0M	$544K	20x
MEXC SKR_USDTshort	+0.0100%	4h	0.02094	−0.005%	$4.3M	$470K	20x
KuCoin SKRUSDTM	+0.0100%	4h	0.02097	+0.153%	$662K	$717K	20x	as long as short
Bitget SKRUSDT	+0.0100%	4h	0.02094	+0.014%	$1.5M	$1.2M	20x	as long as short
BingX SKR-USDT	+0.0100%	4h	0.02095	+0.038%	—	$2.4M	—	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX SKR-USDT	+0.0100%	4h	0.02090	−0.191%	$2K	$2.3M	20x	as long as short
HTX SKR-USDT	+0.0100%	4h	0.02098	+0.191%	$14K	$36K	20x	as long as short
Backpack SKR_USDC_PERP	+0.0179%	1h	0.02091	−0.119%	$52K	$199K	5x	as long as short
Phoenix SKR	+0.0743%	1h	0.02105	+0.506%	$4K	$10K	3x	as long as short