Funding arb · Price arb /

SKR

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Bitget against MEXC+0.144%7-day average −0.015% · you sell dearer than you buy

Net, funding: paid 7d − costs−$90as in the Funding arb table

Net, price: spread back to 7d avg − costs−$74as in the Price arb table

costs, in and out, $10k−$900.899% of the position

Long on MEXC Short on Bitget

What this pair did over the last

the charts below follow

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

Price spread, last 7 days−0.061%−$6 · spread now +0.144%, 7d avg −0.015%

Together, before fees−0.061%−$6 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: Bitget is 0.159% dearer against MEXC than usual: you sell high and buy low, +$16 on $10k if it goes back to its 7-day average of −0.015%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC SKR_USDT	0.02088	0.0100	pay 0.0050% / 4h	1h 36m	$4.3M	$480K	20x
Short	Bitget SKRUSDT	0.02090	0.0100	get 0.0050% / 4h	1h 36m	$1.5M	$1.1M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now +0.144%Rate

Funding earned: $0
Price spread: +0.144% → −0.015%: $15.88
Slippage, 4 orders: −$73.88
Fee MEXC: 2 bp × 2 orders: −$4
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$74
Costs to cover: 0.899%
Break-even: never at this rate

Slippage from MEXC: live order book, 1 min ago; Bitget: 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 MEXC live order book, 1 min ago	1.44 bp	7.8 bp −$8	50.0 bp −$500	336.9 bp −$33.7K	doesn't fit
Sell Bitget live order book, 6 min ago	2.85 bp	49.0 bp −$49	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
Backpack SKR_USDC_PERP	−0.0160%	1h	0.02089	+0.072%	$50K	$212K	5x	as long as short
BloFin SKR-USDT	−0.0140%	4h	0.02088	+0.014%	$235K	$151K	20x	as long as short
Lighter SKR	+0.0096%	1h	0.02084	−0.158%	$14K	$17K	3x	as long as short
Hyperliquid SKR	+0.0100%	1h	0.02090	+0.134%	$1.3M	$737K	3x	as long as short
Aster SKRUSDT	+0.0100%	4h	0.02088	+0.023%	$26K	$33K	5x	as long as short
Binance SKRUSDT	+0.0100%	4h	0.02090	+0.100%	$3.5M	$11.9M	20x	as long as short
Bybit SKRUSDT	+0.0100%	4h	0.02090	+0.134%	$4.5M	$4.9M	20x	as long as short
Gate SKR_USDT	+0.0100%	4h	0.02087	−0.048%	$1.0M	$529K	20x	as long as short
MEXC SKR_USDTlong	+0.0100%	4h	0.02088	long leg	$4.3M	$480K	20x
KuCoin SKRUSDTM	+0.0100%	4h	0.02087	−0.043%	$673K	$684K	20x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget SKRUSDTshort	+0.0100%	4h	0.02090	+0.144%	$1.5M	$1.1M	20x
BingX SKR-USDT	+0.0100%	4h	0.02090	+0.129%	—	$2.4M	—	as long as short
SunX SKR-USDT	+0.0100%	4h	0.02086	−0.072%	$1K	$2.3M	20x	as long as short
HTX SKR-USDT	+0.0100%	4h	0.02090	+0.096%	$14K	$37K	20x	as long as short
Phoenix SKR	+0.0379%	1h	0.02095	+0.354%	$4K	$10K	3x	as long as short