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: Bybit against KuCoin+0.065%7-day average −0.065% · you sell dearer than you buy

Net, funding: paid 7d − costs−$362as in the Funding arb table

Net, price: spread back to 7d avg − costs−$332as in the Price arb table

costs, in and out, $10k−$3453.452% of the position

Long on KuCoin Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.167%−$17 on $10k

Price spread, last 4 days (all we have)−0.106%−$11 · spread now +0.065%, 7d avg −0.065%

Together, before fees−0.273%−$27 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: Bybit is 0.130% dearer against KuCoin than usual: you sell high and buy low, +$13 on $10k if it goes back to its 7-day average of −0.065%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin SKRUSDTM	0.02156	0.0100	pay 0.0050% / 4h	3h 51m	$662K	$737K	20x
Short	Bybit SKRUSDT	0.02157	0.0100	get 0.0050% / 4h	3h 51m	$4.6M	$5.4M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now +0.065%Rate

Funding earned: $0
Price spread: +0.065% → −0.065%: $12.96
Slippage, 4 orders: −$322.18
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$332.22
Costs to cover: 3.452%
Break-even: never at this rate

Slippage from KuCoin: live order book, 23 min ago; Bybit: 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, 23 min ago	9.84 bp	133.1 bp −$133	doesn't fit	doesn't fit	doesn't fit
Sell Bybit live order book, 1 min ago	3.47 bp	41.0 bp −$41	142.4 bp −$1,424	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	0.02156	+0.014%	$239K	$171K	20x	as long as short
BingX SKR-USDT	+0.0070%	4h	0.02153	−0.097%	—	$2.4M	—	as long as short
Lighter SKR	+0.0096%	1h	0.02154	−0.079%	$9K	$20K	3x	as long as short
Hyperliquid SKR	+0.0100%	1h	0.02153	−0.116%	$1.4M	$817K	3x	as long as short
Aster SKRUSDT	+0.0100%	4h	0.02157	+0.078%	$28K	$38K	5x	as long as short
Binance SKRUSDT	+0.0100%	4h	0.02153	−0.104%	$3.7M	$13.6M	20x	as long as short
Bybit SKRUSDTshort	+0.0100%	4h	0.02157	+0.065%	$4.6M	$5.4M	20x
MEXC SKR_USDT	+0.0100%	4h	0.02154	−0.065%	$4.5M	$477K	20x	as long as short
KuCoin SKRUSDTMlong	+0.0100%	4h	0.02156	long leg	$662K	$737K	20x
Bitget SKRUSDT	+0.0100%	4h	0.02156	+0.023%	$1.5M	$1.3M	20x	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	0.02153	−0.135%	$2K	$2.3M	20x	as long as short
HTX SKR-USDT	+0.0100%	4h	0.02161	+0.278%	$14K	$34K	20x	as long as short
Gate SKR_USDT	+0.0742%	4h	0.02156	0.000%	$1.0M	$572K	20x	as long as short
Phoenix SKR	+0.0747%	1h	0.02149	−0.320%	$4K	$10K	3x	as long as short
Backpack SKR_USDC_PERP	+0.0947%	1h	0.02157	+0.051%	$53K	$185K	5x	as long as short