Funding arb · Price arb /

SKR

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: HTX against Hyperliquid−0.024%48s7-day average — · you buy dearer than you sell

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

Long on Hyperliquid Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.054%+$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: HTX is 0.024% cheaper against Hyperliquid than usual: you would sell low and buy high, −$2 on $10k if it goes back to zero (this spread has no 7-day history yet). The two prices were read 48 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hyperliquid SKR	0.02090	0.0100	pay 0.0013% / 1h	35m 19s	$1.3M	$737K	3x
Short	HTX SKR-USDT	0.02090	0.0100	get 0.0050% / 4h	1h 35m	$14K	$37K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX against Hyperliquid. 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 HyperliquidbpFee HTXbpOrdersPrice spread, now −0.024%Rate

Funding earned: $0
Price spread: −0.024% → 0.000%: −$2.39
Slippage, 4 orders: no order book: not counted
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Fee HTX: 6 bp × 2 orders: −$12
Net: −$23.39
Costs to cover: 0.210%
Break-even: never at this rate

Slippage unknown: Hyperliquid: live order book, 5 min ago; HTX: no order-book sample. 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 Hyperliquid live order book, 5 min ago	0.71 bp	24.4 bp −$24	doesn't fit	doesn't fit	doesn't fit
Sell HTX no order-book sample	—	—	—	—	—

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
Backpack SKR_USDC_PERP	−0.0160%	1h	0.02089	−0.048%	$50K	$212K	5x	as long as short
BloFin SKR-USDT	−0.0140%	4h	0.02088	−0.105%	$235K	$151K	20x	as long as short
Lighter SKR	+0.0096%	1h	0.02084	−0.273%	$14K	$17K	3x	as long as short
Hyperliquid SKRlong	+0.0100%	1h	0.02090	long leg	$1.3M	$737K	3x
Aster SKRUSDT	+0.0100%	4h	0.02090	−0.023%	$26K	$33K	5x	as long as short
Binance SKRUSDT	+0.0100%	4h	0.02090	+0.016%	$3.5M	$11.9M	20x	as long as short
Bybit SKRUSDT	+0.0100%	4h	0.02090	−0.024%	$4.5M	$4.9M	20x	as long as short
Gate SKR_USDT	+0.0100%	4h	0.02088	−0.086%	$1.0M	$529K	20x	as long as short
MEXC SKR_USDT	+0.0100%	4h	0.02090	−0.005%	$4.3M	$480K	20x	as long as short
KuCoin SKRUSDTM	+0.0100%	4h	0.02088	−0.105%	$673K	$684K	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	0.02091	+0.072%	$1.5M	$1.1M	20x	as long as short
BingX SKR-USDT	+0.0100%	4h	0.02091	+0.038%	—	$2.4M	—	as long as short
SunX SKR-USDT	+0.0100%	4h	0.02086	−0.191%	$1K	$2.3M	20x	as long as short
HTX SKR-USDTshort	+0.0100%	4h	0.02090	−0.024%	$14K	$37K	20x
Phoenix SKR	+0.0379%	1h	0.02095	+0.234%	$4K	$10K	3x	as long as short