Funding arb · Price arb /

SKR

all SKR markets

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 0.000%

Price spread now: Binance against MEXC−0.025%7-day average +0.007% · you buy dearer than you sell

Net, funding: paid 7d − costs−$63as in the Funding arb table

Net, price: spread back to 7d avg − costs−$67as in the Price arb table

costs, in and out, $10k−$630.634% of the position

Long on MEXC Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days0.000%$0 on $10k

Price spread, last 7 days+0.046%+$5 · spread now −0.025%, 7d avg +0.007%

Together, before fees+0.046%+$5 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: Binance is 0.033% cheaper against MEXC than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of +0.007%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC SKR_USDT	0.02093	0.0100	pay 0.0050% / 4h	3h 53m	$5.0M	$808K	20x
Short	Binance SKRUSDT	0.02093	0.0100	get 0.0050% / 4h	3h 53m	$3.7M	$27.7M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against MEXC. 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 MEXCbpFee BinancebpOrdersPrice spread, now −0.025%Rate

Funding earned: $0
Price spread: −0.025% → +0.007%: −$3.26
Slippage, 4 orders: −$49.4
Fee MEXC: 2 bp × 2 orders: −$4
Fee Binance: 5 bp × 2 orders: −$10
Net: −$66.66
Costs to cover: 0.634%
Break-even: never at this rate

Slippage from MEXC: live order book, 4 min ago; Binance: live order book, 3 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 MEXC live order book, 4 min ago	1.42 bp	7.6 bp −$8	51.6 bp −$516	263.2 bp −$26.3K	doesn't fit
Sell Binance live order book, 3 min ago	0.24 bp	25.3 bp −$25	107.0 bp −$1,070	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	0.02090	−0.167%	$239K	$164K	20x	as long as short
Lighter SKR	+0.0096%	1h	0.02092	−0.048%	$8K	$26K	3x	as long as short
Hyperliquid SKR	+0.0100%	1h	0.02094	+0.057%	$1.3M	$1.4M	3x	as long as short
Aster SKRUSDT	+0.0100%	4h	0.02093	−0.009%	$26K	$118K	5x	as long as short
Binance SKRUSDTshort	+0.0100%	4h	0.02093	−0.025%	$3.7M	$27.7M	20x
Bybit SKRUSDT	+0.0100%	4h	0.02094	+0.033%	$4.7M	$10.7M	20x	as long as short
Gate SKR_USDT	+0.0100%	4h	0.02093	−0.014%	$991K	$1.7M	20x	as long as short
MEXC SKR_USDTlong	+0.0100%	4h	0.02093	long leg	$5.0M	$808K	20x
KuCoin SKRUSDTM	+0.0100%	4h	0.02093	−0.024%	$761K	$1.5M	20x	as long as short
Bitget SKRUSDT	+0.0100%	4h	0.02093	+0.010%	$1.6M	$3.5M	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	0.02093	+0.014%	—	$2.8M	—	as long as short
Backpack SKR_USDC_PERP	+0.0100%	1h	0.02093	+0.010%	$52K	$211K	5x	as long as short
SunX SKR-USDT	+0.0100%	4h	0.02090	−0.158%	$2K	$3.2M	20x	as long as short
HTX SKR-USDT	+0.0100%	4h	0.02093	−0.005%	$14K	$40K	20x	as long as short
Phoenix SKR	+0.0380%	1h	0.02095	+0.072%	$4K	$10K	3x	as long as short