Funding arb · Price arb /

SKR

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: Hyperliquid against HTX+0.356%7-day average — · you sell dearer than you buy

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

Long on HTX Short on Hyperliquid

What this pair did over the last

the charts below follow

Funding, last 7 days−0.047%−$5 on $10k

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

Together, before fees—+ Points / potential airdropHyperliquid: Season 2 · farm boardneeds both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Hyperliquid is 0.356% dearer against HTX than usual: you sell high and buy low, +$36 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	0.02077	0.0100	pay 0.0050% / 4h	2h 09m	$14K	$36K	20x
Short	Hyperliquid SKR	0.02085	0.0100	get 0.0013% / 1h	9m 37s	$1.3M	$784K	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hyperliquid against HTX. 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 HTXbpFee HyperliquidbpOrdersPrice spread, now +0.356%Rate

Funding earned: $0
Price spread: +0.356% → 0.000%: $35.62
Slippage, 4 orders: no order book: not counted
Fee HTX: 6 bp × 2 orders: −$12
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: $14.62
Costs to cover: 0.210%
Break-even: from the start

Slippage unknown: HTX: no order-book sample; Hyperliquid: live order book, 1 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 Hyperliquid live order book, 1 min ago	1.20 bp	28.0 bp −$28	doesn't fit	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 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	0.02081	+0.202%	$9K	$21K	3x	as long as short
Hyperliquid SKRshort	+0.0100%	1h	0.02085	+0.356%	$1.3M	$784K	3x
Aster SKRUSDT	+0.0100%	4h	0.02086	+0.412%	$28K	$34K	5x	as long as short
Binance SKRUSDT	+0.0100%	4h	0.02085	+0.358%	$3.6M	$13.1M	20x	as long as short
Bybit SKRUSDT	+0.0100%	4h	0.02085	+0.371%	$4.5M	$5.2M	20x	as long as short
Gate SKR_USDT	+0.0100%	4h	0.02087	+0.457%	$1.0M	$548K	20x	as long as short
MEXC SKR_USDT	+0.0100%	4h	0.02084	+0.351%	$4.3M	$471K	20x	as long as short
KuCoin SKRUSDTM	+0.0100%	4h	0.02086	+0.414%	$660K	$721K	20x	as long as short
Bitget SKRUSDT	+0.0100%	4h	0.02084	+0.337%	$1.5M	$1.2M	20x	as long as short
BingX SKR-USDT	+0.0100%	4h	0.02086	+0.433%	—	$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	0.02083	+0.294%	$1K	$2.3M	20x	as long as short
HTX SKR-USDTlong	+0.0100%	4h	0.02077	long leg	$14K	$36K	20x
Backpack SKR_USDC_PERP	+0.0182%	1h	0.02086	+0.404%	$53K	$202K	5x	as long as short
Phoenix SKR	+0.0743%	1h	0.02098	+0.992%	$4K	$10K	3x	as long as short