Funding arb · Price arb /

SKR

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.004%

Price spread now: SunX against KuCoin−0.170%7-day average −0.203% · you buy dearer than you sell

Net, funding: paid 7d − costs−$685as in the Funding arb table

Net, price: spread back to 7d avg − costs−$669as in the Price arb table

costs, in and out, $10k−$6726.720% of the position

Long on KuCoin Short on SunX

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)−1.026%−$103 · spread now −0.170%, 7d avg −0.203%

Together, before fees−1.158%−$116 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: SunX is 0.033% dearer against KuCoin than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of −0.203%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin SKRUSDTM	0.02123	0.0100	pay 0.0050% / 4h	3h 22m	$726K	$1.6M	20x
Short	SunX SKR-USDT	0.02120	0.0100	get 0.0050% / 4h	3h 22m	$2K	$3.2M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now −0.170%Rate

Funding earned: $0
Price spread: −0.170% → −0.203%: $3.34
Slippage, 4 orders: −$651.98
Fee KuCoin: 6 bp × 2 orders: −$12
Fee SunX: 4 bp × 2 orders: −$8
Net: −$668.64
Costs to cover: 6.720%
Break-even: never at this rate

Slippage from KuCoin: live order book, 4 min ago; SunX: live order book, 6 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, 4 min ago	7.07 bp	263.1 bp −$263	doesn't fit	doesn't fit	doesn't fit
Sell SunX live order book, 6 min ago	30.81 bp	62.8 bp −$63	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	0.02132	+0.405%	$241K	$168K	20x	as long as short
Lighter SKR	+0.0096%	1h	0.02118	−0.240%	$8K	$26K	3x	as long as short
Hyperliquid SKR	+0.0100%	1h	0.02118	−0.259%	$1.3M	$1.5M	3x	as long as short
Aster SKRUSDT	+0.0100%	4h	0.02123	+0.006%	$26K	$122K	5x	as long as short
Binance SKRUSDT	+0.0100%	4h	0.02120	−0.135%	$3.7M	$28.2M	20x	as long as short
Bybit SKRUSDT	+0.0100%	4h	0.02117	−0.301%	$4.6M	$10.9M	20x	as long as short
Gate SKR_USDT	+0.0100%	4h	0.02118	−0.264%	$995K	$1.7M	20x	as long as short
MEXC SKR_USDT	+0.0100%	4h	0.02119	−0.203%	$5.0M	$815K	20x	as long as short
KuCoin SKRUSDTMlong	+0.0100%	4h	0.02123	long leg	$726K	$1.6M	20x
Bitget SKRUSDT	+0.0100%	4h	0.02120	−0.151%	$1.6M	$3.6M	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	−0.297%	—	$2.8M	—	as long as short
Backpack SKR_USDC_PERP	+0.0100%	1h	0.02118	−0.235%	$54K	$210K	5x	as long as short
SunX SKR-USDTshort	+0.0100%	4h	0.02120	−0.170%	$2K	$3.2M	20x
HTX SKR-USDT	+0.0100%	4h	0.02119	−0.203%	$14K	$40K	20x	as long as short
Phoenix SKR	+0.0380%	1h	0.02120	−0.137%	$4K	$10K	3x	as long as short