Funding arb · Price arb /

SKR

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h +0.001%

Price spread now: Aster against Lighter+0.182%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Lighter Short on Aster

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropLighter: Season 3 · Aster: Stage 5 · farm boardneeds both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Aster is 0.182% dearer against Lighter than usual: you sell high and buy low, +$18 on $10k if it goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter SKR	0.02109	0.0096	pay 0.0012% / 1h	6m 05s	$14K	$16K	3x
Short	Aster SKRUSDT	0.02112	0.0100	get 0.0050% / 4h	6m 05s	$26K	$32K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Lighter. 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 LighterbpFee AsterbpOrdersPrice spread, now +0.182%Rate

Funding earned: $0.84
Price spread: +0.182% → 0.000%: $18.17
Slippage, 4 orders: no order book: not counted
Fee Lighter: 0 bp × 2 orders: $0
Fee Aster: 4 bp × 2 orders: −$8
Net: $11.01
Costs to cover: 0.080%
Break-even: from the start

Slippage unknown: Lighter: no order-book sample; Aster: no order-book sample. Net counts fees only.

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 Lighter no order-book sample	—	—	—	—	—
Sell Aster no order-book sample	—	—	—	—	—

Lighter and Aster: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	+0.294%	$233K	$155K	20x	as long as short
Lighter SKRlong	+0.0096%	1h	0.02109	long leg	$14K	$16K	3x
Hyperliquid SKR	+0.0100%	1h	0.02116	+0.356%	$1.3M	$742K	3x	as long as short
Aster SKRUSDTshort	+0.0100%	4h	0.02112	+0.182%	$26K	$32K	5x
Binance SKRUSDT	+0.0100%	4h	0.02114	+0.263%	$3.6M	$12.3M	20x	as long as short
Bybit SKRUSDT	+0.0100%	4h	0.02113	+0.209%	$4.5M	$5.0M	20x	as long as short
Gate SKR_USDT	+0.0100%	4h	0.02114	+0.251%	$1.0M	$531K	20x	as long as short
MEXC SKR_USDT	+0.0100%	4h	0.02112	+0.147%	$4.4M	$465K	20x	as long as short
KuCoin SKRUSDTM	+0.0100%	4h	0.02114	+0.247%	$680K	$685K	20x	as long as short
Bitget SKRUSDT	+0.0100%	4h	0.02112	+0.166%	$1.5M	$1.1M	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	0.02116	+0.327%	—	$2.4M	—	as long as short
SunX SKR-USDT	+0.0100%	4h	0.02108	−0.005%	$2K	$2.3M	20x	as long as short
HTX SKR-USDT	+0.0100%	4h	0.02113	+0.223%	$14K	$36K	20x	as long as short
Backpack SKR_USDC_PERP	+0.0319%	1h	0.02115	+0.299%	$50K	$213K	5x	as long as short
Phoenix SKR	+0.0755%	1h	0.02119	+0.512%	$4K	$10K	3x	as long as short