Funding arb · Price arb /

SKR

all SKR markets

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 −0.026%

Price spread now: Binance against KuCoin+0.071%7-day average −0.076% · you sell dearer than you buy

Net, funding: paid 7d − costs−$610as in the Funding arb table

Net, price: spread back to 7d avg − costs−$582as in the Price arb table

costs, in and out, $10k−$5975.967% of the position

Long on KuCoin Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.133%−$13 on $10k

Price spread, last 4 days (all we have)−0.059%−$6 · spread now +0.071%, 7d avg −0.076%

Together, before fees−0.192%−$19 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: Binance is 0.147% dearer against KuCoin than usual: you sell high and buy low, +$15 on $10k if it goes back to its 7-day average of −0.076%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin SKRUSDTM	0.02115	0.0100	pay 0.0050% / 4h	2h 12m	$684K	$685K	20x
Short	Binance SKRUSDT	0.02117	0.0100	get 0.0050% / 4h	2h 12m	$3.6M	$11.8M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against KuCoin. 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 KuCoinbpFee BinancebpOrdersPrice spread, now +0.071%Rate

Funding earned: $0
Price spread: +0.071% → −0.076%: $14.67
Slippage, 4 orders: −$574.73
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Binance: 5 bp × 2 orders: −$10
Net: −$582.05
Costs to cover: 5.967%
Break-even: never at this rate

Slippage from KuCoin: live order book, 1 min ago; Binance: live order book, 13 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 KuCoin live order book, 1 min ago	7.80 bp	320.4 bp −$320	doesn't fit	doesn't fit	doesn't fit
Sell Binance live order book, 13 min ago	0.94 bp	15.3 bp −$15	128.9 bp −$1,289	doesn't fit	doesn't fit

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	0.02119	+0.184%	$240K	$153K	20x	as long as short
Lighter SKR	+0.0096%	1h	0.02111	−0.184%	$14K	$17K	3x	as long as short
Hyperliquid SKR	+0.0100%	1h	0.02118	+0.113%	$1.3M	$733K	3x	as long as short
Aster SKRUSDT	+0.0100%	4h	0.02117	+0.090%	$26K	$33K	5x	as long as short
Binance SKRUSDTshort	+0.0100%	4h	0.02117	+0.071%	$3.6M	$11.8M	20x
Bybit SKRUSDT	+0.0100%	4h	0.02117	+0.066%	$4.5M	$4.8M	20x	as long as short
Gate SKR_USDT	+0.0100%	4h	0.02116	+0.052%	$1.0M	$531K	20x	as long as short
MEXC SKR_USDT	+0.0100%	4h	0.02116	+0.033%	$4.4M	$491K	20x	as long as short
KuCoin SKRUSDTMlong	+0.0100%	4h	0.02115	long leg	$684K	$685K	20x
Bitget SKRUSDT	+0.0100%	4h	0.02118	+0.113%	$1.5M	$1.1M	20x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX SKR-USDT	+0.0100%	4h	0.02117	+0.066%	—	$2.4M	—	as long as short
Backpack SKR_USDC_PERP	+0.0100%	1h	0.02116	+0.052%	$50K	$223K	5x	as long as short
SunX SKR-USDT	+0.0100%	4h	0.02112	−0.147%	$2K	$2.3M	20x	as long as short
HTX SKR-USDT	+0.0100%	4h	0.02118	+0.113%	$14K	$37K	20x	as long as short
Phoenix SKR	+0.1507%	1h	0.02120	+0.213%	$4K	$10K	3x	as long as short