SKR

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0240%/8h= −26.3% APRnext payment −$1.20 per $10,000 · paid last 24h −0.062%

Price spread now: BloFin against KuCoin−0.700%95s7-day average −0.028% · you buy dearer than you sell

Net, funding: paid 7d − costs−$574as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$5405.398% of the position

Long on KuCoin Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.339%−$34 on $10k

Price spread, last 3 days (all we have)+0.393%+$39 · spread now −0.700%, 7d avg −0.028%

Together, before fees+0.054%+$5 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$7 a day on $10k at the current rate, and BloFin is 0.672% cheaper against KuCoin than usual: you would sell low and buy high (−$67 if the spread goes back to its 7-day average of −0.028%). Swap the legs. The two prices were read 95 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	KuCoin SKRUSDTM	0.02129	0.0100	pay 0.0050% / 4h	3h 27m	$691K	$689K	20x
Short	BloFin SKR-USDT	0.02114	−0.0140	pay 0.0070% / 4h	3h 27m	$236K	$156K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin 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 BloFinbpOrdersPrice spread, now −0.700%Rate

Funding earned: −$50.4
Price spread: −0.700% → −0.028%: −$67.17
Slippage, 4 orders: −$515.84
Fee KuCoin: 6 bp × 2 orders: −$12
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$657.41
Costs to cover: 5.398%
Break-even: never at this rate

Slippage from KuCoin: live order book, 26 min ago; BloFin: live order book, 38 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, 26 min ago	7.57 bp	170.7 bp −$171	doesn't fit	doesn't fit	doesn't fit
Sell BloFin live order book, 38 min ago	5.88 bp	37.8 bp −$38	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-USDTshort	−0.0140%	4h	0.02114	−0.700%	$236K	$156K	20x
BingX SKR-USDT	+0.0070%	4h	0.02131	+0.070%	—	$2.4M	—	as long as short
Lighter SKR	+0.0096%	1h	0.02128	−0.047%	$9K	$22K	3x	as long as short
Hyperliquid SKR	+0.0100%	1h	0.02134	+0.225%	$1.4M	$719K	3x	as long as short
Aster SKRUSDT	+0.0100%	4h	0.02123	−0.294%	$27K	$32K	5x	as long as short
Binance SKRUSDT	+0.0100%	4h	0.02133	+0.169%	$3.6M	$12.4M	20x	as long as short
Bybit SKRUSDT	+0.0100%	4h	0.02133	+0.155%	$4.6M	$5.0M	20x	as long as short
Gate SKR_USDT	+0.0100%	4h	0.02128	−0.033%	$1.0M	$530K	20x	as long as short
MEXC SKR_USDT	+0.0100%	4h	0.02132	+0.150%	$4.4M	$464K	20x	as long as short
KuCoin SKRUSDTMlong	+0.0100%	4h	0.02129	long leg	$691K	$689K	20x

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget SKRUSDT	+0.0100%	4h	0.02132	+0.150%	$1.5M	$1.2M	20x	as long as short
SunX SKR-USDT	+0.0100%	4h	0.02116	−0.596%	$1K	$2.3M	20x	as long as short
HTX SKR-USDT	+0.0100%	4h	0.02117	−0.568%	$14K	$36K	20x	as long as short
Backpack SKR_USDC_PERP	+0.0509%	1h	0.02121	−0.385%	$53K	$196K	5x	as long as short
Phoenix SKR	+0.1502%	1h	0.02115	−0.653%	$4K	$10K	3x	as long as short