Funding arb · Price arb /

SKR

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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: Bybit against HTX−0.279%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on HTX Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.050%−$5 on $10k

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bybit is 0.279% cheaper against HTX than usual: you would sell low and buy high, −$28 on $10k if it goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX SKR-USDT	0.02113	0.0100	pay 0.0050% / 4h	1h 53m	$14K	$37K	20x
Short	Bybit SKRUSDT	0.02107	0.0100	get 0.0050% / 4h	1h 53m	$4.5M	$4.8M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against HTX. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 HTXbpFee BybitbpOrdersPrice spread, now −0.279%Rate

Funding earned: $0
Price spread: −0.279% → 0.000%: −$27.93
Slippage, 4 orders: no order book: not counted
Fee HTX: 6 bp × 2 orders: −$12
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$50.93
Costs to cover: 0.230%
Break-even: never at this rate

Slippage unknown: HTX: no order-book sample; Bybit: live order book, 4 min ago. Net counts fees only.

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 HTX no order-book sample	—	—	—	—	—
Sell Bybit live order book, 4 min ago	3.56 bp	43.7 bp −$44	137.2 bp −$1,372	doesn't fit	doesn't fit

HTX: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	0.02118	+0.232%	$237K	$153K	20x	as long as short
Backpack SKR_USDC_PERP	+0.0094%	1h	0.02112	−0.028%	$50K	$219K	5x	as long as short
Lighter SKR	+0.0096%	1h	0.02103	−0.483%	$14K	$17K	3x	as long as short
Hyperliquid SKR	+0.0100%	1h	0.02107	−0.275%	$1.3M	$734K	3x	as long as short
Aster SKRUSDT	+0.0100%	4h	0.02107	−0.255%	$26K	$33K	5x	as long as short
Binance SKRUSDT	+0.0100%	4h	0.02107	−0.297%	$3.6M	$11.9M	20x	as long as short
Bybit SKRUSDTshort	+0.0100%	4h	0.02107	−0.279%	$4.5M	$4.8M	20x
Gate SKR_USDT	+0.0100%	4h	0.02111	−0.066%	$1.0M	$528K	20x	as long as short
MEXC SKR_USDT	+0.0100%	4h	0.02107	−0.275%	$4.4M	$479K	20x	as long as short
KuCoin SKRUSDTM	+0.0100%	4h	0.02111	−0.095%	$683K	$686K	20x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget SKRUSDT	+0.0100%	4h	0.02110	−0.123%	$1.5M	$1.1M	20x	as long as short
BingX SKR-USDT	+0.0100%	4h	0.02106	−0.303%	—	$2.4M	—	as long as short
SunX SKR-USDT	+0.0100%	4h	0.02110	−0.137%	$1K	$2.3M	20x	as long as short
HTX SKR-USDTlong	+0.0100%	4h	0.02113	long leg	$14K	$37K	20x
Phoenix SKR	+0.0379%	1h	0.02123	+0.502%	$4K	$10K	3x	as long as short