Funding arb · Price arb /

SKR

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.017%

Price spread now: Bitget against KuCoin−0.147%7-day average −0.092% · you buy dearer than you sell

Net, funding: paid 7d − costs−$365as in the Funding arb table

Net, price: spread back to 7d avg − costs−$357as in the Price arb table

costs, in and out, $10k−$3523.517% of the position

Long on KuCoin Short on Bitget

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)+0.036%+$4 · spread now −0.147%, 7d avg −0.092%

Together, before fees−0.097%−$10 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: Bitget is 0.054% cheaper against KuCoin than usual: you would sell low and buy high, −$5 on $10k if it goes back to its 7-day average of −0.092%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin SKRUSDTM	0.02180	0.0100	pay 0.0050% / 4h	3h 01m	$669K	$738K	20x
Short	Bitget SKRUSDT	0.02176	0.0100	get 0.0050% / 4h	3h 01m	$1.6M	$1.4M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now −0.147%Rate

Funding earned: $0
Price spread: −0.147% → −0.092%: −$5.43
Slippage, 4 orders: −$327.72
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$357.16
Costs to cover: 3.517%
Break-even: never at this rate

Slippage from KuCoin: live order book, 8 min ago; Bitget: live order book, 1 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, 8 min ago	7.87 bp	131.1 bp −$131	doesn't fit	doesn't fit	doesn't fit
Sell Bitget live order book, 1 min ago	5.04 bp	22.6 bp −$23	doesn't fit	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	0.02175	−0.206%	$243K	$162K	20x	as long as short
Lighter SKR	+0.0096%	1h	0.02172	−0.353%	$9K	$20K	3x	as long as short
Hyperliquid SKR	+0.0100%	1h	0.02179	−0.018%	$1.4M	$812K	3x	as long as short
Aster SKRUSDT	+0.0100%	4h	0.02175	−0.195%	$30K	$38K	5x	as long as short
Binance SKRUSDT	+0.0100%	4h	0.02176	−0.165%	$3.8M	$14.0M	20x	as long as short
Bybit SKRUSDT	+0.0100%	4h	0.02176	−0.184%	$4.6M	$5.4M	20x	as long as short
MEXC SKR_USDT	+0.0100%	4h	0.02177	−0.138%	$4.5M	$482K	20x	as long as short
KuCoin SKRUSDTMlong	+0.0100%	4h	0.02180	long leg	$669K	$738K	20x
Bitget SKRUSDTshort	+0.0100%	4h	0.02176	−0.147%	$1.6M	$1.4M	20x
BingX SKR-USDT	+0.0100%	4h	0.02176	−0.161%	—	$2.4M	—	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX SKR-USDT	+0.0100%	4h	0.02173	−0.321%	$2K	$2.3M	20x	as long as short
HTX SKR-USDT	+0.0100%	4h	0.02180	+0.023%	$14K	$34K	20x	as long as short
Gate SKR_USDT	+0.0456%	4h	0.02180	+0.028%	$1.1M	$583K	20x	as long as short
Backpack SKR_USDC_PERP	+0.0702%	1h	0.02175	−0.216%	$51K	$165K	5x	as long as short
Phoenix SKR	+0.0747%	1h	0.02171	−0.413%	$4K	$10K	3x	as long as short