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 SunX+0.100%7-day average +0.137% · you sell dearer than you buy

Net, funding: paid 7d − costs−$137as in the Funding arb table

Net, price: spread back to 7d avg − costs−$140as in the Price arb table

costs, in and out, $10k−$1371.367% of the position

Long on SunX 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 4 days (all we have)+0.476%+$48 · spread now +0.100%, 7d avg +0.137%

Together, before fees+0.476%+$48 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 0.037% cheaper against SunX than usual: you would sell low and buy high, −$4 on $10k if it goes back to its 7-day average of +0.137%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX SKR-USDT	0.02095	0.0100	pay 0.0050% / 4h	1h 58m	$2K	$3.2M	20x
Short	Binance SKRUSDT	0.02097	0.0100	get 0.0050% / 4h	1h 58m	$3.6M	$28.3M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against SunX. 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 SunXbpFee BinancebpOrdersPrice spread, now +0.100%Rate

Funding earned: $0
Price spread: +0.100% → +0.137%: −$3.7
Slippage, 4 orders: −$118.72
Fee SunX: 4 bp × 2 orders: −$8
Fee Binance: 5 bp × 2 orders: −$10
Net: −$140.42
Costs to cover: 1.367%
Break-even: never at this rate

Slippage from SunX: live order book, 3 min ago; Binance: 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 SunX live order book, 3 min ago	15.00 bp	25.6 bp −$26	doesn't fit	doesn't fit	doesn't fit
Sell Binance live order book, 6 min ago	1.43 bp	26.4 bp −$26	143.1 bp −$1,431	doesn't fit	doesn't fit

SKR on 15 exchanges

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	0.02100	+0.224%	$233K	$164K	20x	as long as short
Lighter SKR	+0.0096%	1h	0.02097	+0.091%	$8K	$26K	3x	as long as short
Hyperliquid SKR	+0.0100%	1h	0.02098	+0.124%	$1.3M	$1.5M	3x	as long as short
Aster SKRUSDT	+0.0100%	4h	0.02097	+0.108%	$25K	$122K	5x	as long as short
Binance SKRUSDTshort	+0.0100%	4h	0.02097	+0.100%	$3.6M	$28.3M	20x
Bybit SKRUSDT	+0.0100%	4h	0.02097	+0.105%	$4.6M	$10.9M	20x	as long as short
Gate SKR_USDT	+0.0100%	4h	0.02099	+0.205%	$984K	$1.7M	20x	as long as short
MEXC SKR_USDT	+0.0100%	4h	0.02097	+0.081%	$5.0M	$802K	20x	as long as short
KuCoin SKRUSDTM	+0.0100%	4h	0.02099	+0.210%	$694K	$1.6M	20x	as long as short
Bitget SKRUSDT	+0.0100%	4h	0.02099	+0.200%	$1.6M	$3.6M	20x	as long as short

Show all 15 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX SKR-USDT	+0.0100%	4h	0.02098	+0.148%	—	$2.8M	—	as long as short
Backpack SKR_USDC_PERP	+0.0100%	1h	0.02098	+0.148%	$53K	$200K	5x	as long as short
SunX SKR-USDTlong	+0.0100%	4h	0.02095	long leg	$2K	$3.2M	20x
HTX SKR-USDT	+0.0100%	4h	0.02103	+0.396%	$14K	$40K	20x	as long as short
Phoenix SKR	+0.0378%	1h	0.02105	+0.473%	$4K	$10K	3x	as long as short