Funding arb · Price arb /

SKR

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.026%

Price spread now: Gate against KuCoin+0.123%7-day average −0.110% · you sell dearer than you buy

Net, funding: paid 7d − costs−$753as in the Funding arb table

Net, price: spread back to 7d avg − costs−$716as in the Price arb table

costs, in and out, $10k−$7397.393% of the position

Long on KuCoin Short on Gate

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)−0.264%−$26 · spread now +0.123%, 7d avg −0.110%

Together, before fees−0.398%−$40 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: Gate is 0.233% dearer against KuCoin than usual: you sell high and buy low, +$23 on $10k if it goes back to its 7-day average of −0.110%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin SKRUSDTM	0.02112	0.0100	pay 0.0050% / 4h	3h 56m	$683K	$687K	20x
Short	Gate SKR_USDT	0.02114	0.0100	get 0.0050% / 4h	3h 56m	$1.0M	$525K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now +0.123%Rate

Funding earned: $0
Price spread: +0.123% → −0.110%: $23.32
Slippage, 4 orders: −$712.31
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$715.99
Costs to cover: 7.393%
Break-even: never at this rate

Slippage from KuCoin: live order book, 67 min ago; Gate: 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, 67 min ago	7.57 bp	212.5 bp −$213	doesn't fit	doesn't fit	doesn't fit
Sell Gate live order book, 1 min ago	8.52 bp	97.5 bp −$98	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	0.02115	+0.137%	$235K	$155K	20x	as long as short
Lighter SKR	+0.0096%	1h	0.02108	−0.175%	$11K	$19K	3x	as long as short
Hyperliquid SKR	+0.0100%	1h	0.02113	+0.081%	$1.3M	$745K	3x	as long as short
Aster SKRUSDT	+0.0100%	4h	0.02113	+0.055%	$26K	$32K	5x	as long as short
Binance SKRUSDT	+0.0100%	4h	0.02112	+0.016%	$3.6M	$12.3M	20x	as long as short
Bybit SKRUSDT	+0.0100%	4h	0.02111	−0.009%	$4.5M	$5.0M	20x	as long as short
Gate SKR_USDTshort	+0.0100%	4h	0.02114	+0.123%	$1.0M	$525K	20x
MEXC SKR_USDT	+0.0100%	4h	0.02110	−0.057%	$4.4M	$462K	20x	as long as short
KuCoin SKRUSDTMlong	+0.0100%	4h	0.02112	long leg	$683K	$687K	20x
Bitget SKRUSDT	+0.0100%	4h	0.02112	+0.014%	$1.5M	$1.2M	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	+0.251%	—	$2.4M	—	as long as short
SunX SKR-USDT	+0.0100%	4h	0.02110	−0.099%	$2K	$2.3M	20x	as long as short
HTX SKR-USDT	+0.0100%	4h	0.02126	+0.696%	$14K	$36K	20x	as long as short
Backpack SKR_USDC_PERP	+0.0247%	1h	0.02115	+0.166%	$50K	$208K	5x	as long as short
Phoenix SKR	+0.0755%	1h	0.02130	+0.862%	$4K	$10K	3x	as long as short