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 −0.005%

Price spread now: BingX against MEXC−0.019%7-day average +0.023% · you buy dearer than you sell

Net, funding: paid 7d − costs−$74as in the Funding arb table

Net, price: spread back to 7d avg − costs−$77as in the Price arb table

costs, in and out, $10k−$730.733% of the position

Long on MEXC Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.009%−$1 on $10k

Price spread, last 7 days+0.038%+$4 · spread now −0.019%, 7d avg +0.023%

Together, before fees+0.029%+$3 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: BingX is 0.042% cheaper against MEXC than usual: you would sell low and buy high, −$4 on $10k if it goes back to its 7-day average of +0.023%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC SKR_USDT	0.02115	0.0100	pay 0.0050% / 4h	3h 50m	$5.0M	$809K	20x
Short	BingX SKR-USDT	0.02115	0.0100	get 0.0050% / 4h	3h 50m	—	$2.8M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX 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 BingXbpOrdersPrice spread, now −0.019%Rate

Funding earned: $0
Price spread: −0.019% → +0.023%: −$4.16
Slippage, 4 orders: −$59.33
Fee MEXC: 2 bp × 2 orders: −$4
Fee BingX: 5 bp × 2 orders: −$10
Net: −$77.49
Costs to cover: 0.733%
Break-even: never at this rate

Slippage from MEXC: live order book, 2 min ago; BingX: live order book, 14 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, 2 min ago	1.19 bp	7.9 bp −$8	56.4 bp −$564	191.2 bp −$19.1K	doesn't fit
Sell BingX live order book, 14 min ago	4.05 bp	25.1 bp −$25	94.1 bp −$941	341.2 bp −$34.1K	854.0 bp −$427.0K

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	0.02117	+0.090%	$242K	$166K	20x	as long as short
Lighter SKR	+0.0096%	1h	0.02109	−0.317%	$8K	$26K	3x	as long as short
Hyperliquid SKR	+0.0100%	1h	0.02113	−0.118%	$1.3M	$1.4M	3x	as long as short
Aster SKRUSDT	+0.0100%	4h	0.02112	−0.168%	$26K	$118K	5x	as long as short
Binance SKRUSDT	+0.0100%	4h	0.02112	−0.149%	$3.7M	$27.7M	20x	as long as short
Bybit SKRUSDT	+0.0100%	4h	0.02110	−0.255%	$4.7M	$10.7M	20x	as long as short
Gate SKR_USDT	+0.0100%	4h	0.02113	−0.099%	$999K	$1.7M	20x	as long as short
MEXC SKR_USDTlong	+0.0100%	4h	0.02115	long leg	$5.0M	$809K	20x
KuCoin SKRUSDTM	+0.0100%	4h	0.02110	−0.241%	$768K	$1.5M	20x	as long as short
Bitget SKRUSDT	+0.0100%	4h	0.02116	+0.057%	$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-USDTshort	+0.0100%	4h	0.02115	−0.019%	—	$2.8M	—
Backpack SKR_USDC_PERP	+0.0100%	1h	0.02118	+0.109%	$53K	$211K	5x	as long as short
SunX SKR-USDT	+0.0100%	4h	0.02096	−0.936%	$1K	$3.2M	20x	as long as short
HTX SKR-USDT	+0.0100%	4h	0.02093	−1.049%	$14K	$40K	20x	as long as short
Phoenix SKR	+0.0380%	1h	0.02095	−0.974%	$4K	$10K	3x	as long as short