Funding arb · Price arb /

SKR

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Bybit against MEXC−0.067%7-day average +0.015% · you buy dearer than you sell

Net, funding: paid 7d − costs−$110as in the Funding arb table

Net, price: spread back to 7d avg − costs−$115as in the Price arb table

costs, in and out, $10k−$1071.066% of the position

Long on MEXC Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.034%−$3 on $10k

Price spread, last 7 days+0.151%+$15 · spread now −0.067%, 7d avg +0.015%

Together, before fees+0.116%+$12 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: Bybit is 0.082% cheaper against MEXC than usual: you would sell low and buy high, −$8 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	0.02098	0.0100	pay 0.0050% / 4h	2h 25m	$4.4M	$470K	20x
Short	Bybit SKRUSDT	0.02097	0.0100	get 0.0050% / 4h	2h 25m	$4.5M	$5.2M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now −0.067%Rate

Funding earned: $0
Price spread: −0.067% → +0.015%: −$8.18
Slippage, 4 orders: −$91.55
Fee MEXC: 2 bp × 2 orders: −$4
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$114.73
Costs to cover: 1.066%
Break-even: never at this rate

Slippage from MEXC: live order book, 1 min ago; Bybit: live order book, 2 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	0.72 bp	7.3 bp −$7	42.7 bp −$427	362.1 bp −$36.2K	doesn't fit
Sell Bybit live order book, 2 min ago	3.35 bp	50.7 bp −$51	135.3 bp −$1,353	doesn't fit	doesn't fit

SKR on 14 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
Lighter SKR	+0.0096%	1h	0.02101	+0.124%	$9K	$21K	3x	as long as short
Hyperliquid SKR	+0.0100%	1h	0.02096	−0.076%	$1.3M	$789K	3x	as long as short
Aster SKRUSDT	+0.0100%	4h	0.02101	+0.162%	$28K	$33K	5x	as long as short
Binance SKRUSDT	+0.0100%	4h	0.02098	+0.002%	$3.6M	$13.0M	20x	as long as short
Bybit SKRUSDTshort	+0.0100%	4h	0.02097	−0.067%	$4.5M	$5.2M	20x
Gate SKR_USDT	+0.0100%	4h	0.02099	+0.038%	$1.0M	$544K	20x	as long as short
MEXC SKR_USDTlong	+0.0100%	4h	0.02098	long leg	$4.4M	$470K	20x
KuCoin SKRUSDTM	+0.0100%	4h	0.02100	+0.100%	$662K	$717K	20x	as long as short
Bitget SKRUSDT	+0.0100%	4h	0.02098	0.000%	$1.5M	$1.2M	20x	as long as short
BingX SKR-USDT	+0.0100%	4h	0.02096	−0.091%	—	$2.4M	—	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX SKR-USDT	+0.0100%	4h	0.02100	+0.081%	$2K	$2.3M	20x	as long as short
HTX SKR-USDT	+0.0100%	4h	0.02098	−0.005%	$14K	$36K	20x	as long as short
Backpack SKR_USDC_PERP	+0.0188%	1h	0.02101	+0.157%	$52K	$199K	5x	as long as short
Phoenix SKR	+0.0743%	1h	0.02088	−0.496%	$4K	$10K	3x	as long as short