Settings8H · net · $10k
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Funding arb · Price arb / Crypto

SKR

All SKR markets →
LegExchangePriceFund. /8hEach paymentNext inOIVol 24hLev
LONG
HyperliquidSKR
0.01245+0.0100pay 0.0013% / 1h18m 17s$333K$2.0M3xLong Hyperliquid4% off
SHORT
BackpackSKR_USDC_PERP
0.01244+0.1091get 0.0136% / 1h18m 17s$147K$41K5xShort Backpack
Price gap−0.036%
Funding gap+0.0991% /8h

Funding pays +$30 a day on $10k, but the gap is 0.069% under its 7d average: −$7 if it goes back, about 6 hours of funding. At the last 7 days' pace that is about 18 hours.

If you open now and hold

on $10k a leg · figures of the last 7D, not a forecast
Funding+$63+0.0991% /8h now · paid +0.625% over the last 7D
Price−$7spread −0.036% now, avg +0.033% → −0.069% if it goes back
Costs−$730.728% of $10k · taker + slippage, in and out
Result−$17−0.17%+ Points / potential airdropHyperliquid: Season 2 · farm board

The current funding rate is far above what this pair has been paying: over the last 7 days it paid +0.625% in total, about +0.0298%/8h on average.

Price and funding

1h · history
ENTRY / EXIT · 7D
Entry now—
Entry average—
Best entry—
Exit now—
Exit average—
Best exit—
Exit free—
PRICE SPREAD · 7D
Now−0.036%
Average—
Range—
Wider than now—
FUNDING SPREAD · 7D
Average /8h—
Highest—
Lowest—
Paid you—

Where the spread has been, last 7D

share of time at each level

Funding on every exchange

/8h

SKR on 15 exchanges

lowest funding first

Before you open

2 ok · 4 to watch
  • Watch: Thin at this size20.6 / 13.4 bp
    At $10k entering Hyperliquid costs 20.6 bp, fee and slippage, 1.5× Backpack’s.
  • Note: Margin at max leverage$3,333 + $2,000
    Hyperliquid 3x, Backpack 5x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
  • OK: Same payment interval1h / 1h
    Both legs pay at the same time.
    Next 24h at the current rates, on $10k a leg: +$29.74Long Hyperliquid: 24 payments, −$3.00; short Backpack: 24 payments, +$32.74.
  • Watch: Gap narrower than usual−0.036% vs +0.033%
    Less room for the price leg to pay you. If it goes back to average, the short loses.
  • Watch: Short leg is thinner$147K vs $333K OI
    Backpack sets your exit cost. Check its book before closing.
  • OK: Points on a legHyperliquid Season 2
    Volume here counts toward the points program.
  • Watch: KYCHyperliquid No · Backpack Yes
    KYC (ID, face scan, residency and source of income) before any trading.

Profit calculator

both legs, in and out
Position, each leg
Hold for
Orders
Price spread
Funding rate
Funding earned+0.0298%/8h × 21 periods+$62.53
Price spread−0.036% → +0.033% (7d avg)−$6.87
Slippage, 4 orderslive order books−$53.76
Fee Hyperliquid bp × 2 orders−$9.00
Fee Backpack bp × 2 orders−$10.00
Net · 7 days · $10k−$17.10
Costs to cover0.728%Break-even8.9 days
Slippage: Hyperliquid: live order book, 3 min ago; Backpack: live order book, 26 min ago

Cost to enter

taker + slippage from mid, one side
BUY · LONGHyperliquid5.2220.6 bp−$21196.0 bp−$1,960doesn’t fitdoesn’t fit
SELL · SHORTBackpack1.2213.4 bp−$13doesn’t fitdoesn’t fitdoesn’t fit

Closing costs about the same again.

Alert

SKR news

posts that mention SKR, from every exchange
10-21 14:22HTXListingSKR-USDT no longer reported ($SKR) seen by our collector
09-28 15:16PhoenixContestIt’s Solana Ecosystem week on Frontier Traders. Trade SOL, JUP, PUMP, SKR, MET, ANSEM, STONK, JTO, and FARTCOIN perpetuals on Phoenix to compete for a $25,000 prize pool across Volume and PnL leaderboards. @PhoenixTrade on X ↗
09-25 14:48PhoenixContest$SOL went up, and so did the rewards. Earn an additional $25k in rewards for trading @solana ecosystem tokens on Phoenix this week, courtesy of @joinfrontier SOL, JUP, PUMP, SKR, MET, ANSEM, STONK, JTO, FART @PhoenixTrade on X ↗