Funding arb · Price arb /

SKR

all SKR markets

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 SunX+0.094%7-day average +0.123% · you sell dearer than you buy

Net, funding: paid 7d − costs−$335as in the Funding arb table

Net, price: spread back to 7d avg − costs−$338as in the Price arb table

costs, in and out, $10k−$3353.348% of the position

Long on SunX 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 3 days (all we have)+0.952%+$95 · spread now +0.094%, 7d avg +0.123%

Together, before fees+0.952%+$95 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 0.028% cheaper against SunX than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of +0.123%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX SKR-USDT	0.02119	0.0100	pay 0.0050% / 4h	2h 50m	$2K	$2.3M	20x
Short	Bitget SKRUSDT	0.02121	0.0100	get 0.0050% / 4h	2h 50m	$1.5M	$1.1M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now +0.094%Rate

Funding earned: $0
Price spread: +0.094% → +0.123%: −$2.83
Slippage, 4 orders: −$314.77
Fee SunX: 4 bp × 2 orders: −$8
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$337.6
Costs to cover: 3.348%
Break-even: never at this rate

Slippage from SunX: live order book, 6 min ago; Bitget: live order book, 1 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, 6 min ago	31.97 bp	115.6 bp −$116	doesn't fit	doesn't fit	doesn't fit
Sell Bitget live order book, 1 min ago	10.13 bp	57.3 bp −$57	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
BloFin SKR-USDT	−0.0140%	4h	0.02122	+0.142%	$238K	$149K	20x	as long as short
Lighter SKR	+0.0096%	1h	0.02114	−0.241%	$14K	$17K	3x	as long as short
Hyperliquid SKR	+0.0100%	1h	0.02122	+0.179%	$1.3M	$724K	3x	as long as short
Aster SKRUSDT	+0.0100%	4h	0.02119	+0.029%	$26K	$33K	5x	as long as short
Binance SKRUSDT	+0.0100%	4h	0.02119	+0.019%	$3.6M	$11.6M	20x	as long as short
Bybit SKRUSDT	+0.0100%	4h	0.02120	+0.057%	$4.6M	$4.8M	20x	as long as short
Gate SKR_USDT	+0.0100%	4h	0.02120	+0.085%	$1.0M	$530K	20x	as long as short
MEXC SKR_USDT	+0.0100%	4h	0.02119	+0.019%	$4.4M	$489K	20x	as long as short
KuCoin SKRUSDTM	+0.0100%	4h	0.02121	+0.104%	$688K	$685K	20x	as long as short
Bitget SKRUSDTshort	+0.0100%	4h	0.02121	+0.094%	$1.5M	$1.1M	20x

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX SKR-USDT	+0.0100%	4h	0.02118	−0.009%	—	$2.3M	—	as long as short
Backpack SKR_USDC_PERP	+0.0100%	1h	0.02119	+0.014%	$51K	$231K	5x	as long as short
SunX SKR-USDTlong	+0.0100%	4h	0.02119	long leg	$2K	$2.3M	20x
HTX SKR-USDT	+0.0100%	4h	0.02120	+0.057%	$14K	$37K	20x	as long as short
Phoenix SKR	+0.1507%	1h	0.02129	+0.505%	$4K	$10K	3x	as long as short