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: Gate against SunX+0.309%7-day average +0.115% · you sell dearer than you buy

Net, funding: paid 7d − costs−$316as in the Funding arb table

Net, price: spread back to 7d avg − costs−$297as in the Price arb table

costs, in and out, $10k−$3163.163% of the position

Long on SunX Short on Gate

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)+0.256%+$26 · spread now +0.309%, 7d avg +0.115%

Together, before fees+0.256%+$26 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: Gate is 0.194% dearer against SunX than usual: you sell high and buy low, +$19 on $10k if it goes back to its 7-day average of +0.115%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX SKR-USDT	0.02134	0.0100	pay 0.0050% / 4h	2h 37m	$2K	$2.3M	20x
Short	Gate SKR_USDT	0.02140	0.0100	get 0.0050% / 4h	2h 37m	$1.0M	$531K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now +0.309%Rate

Funding earned: $0
Price spread: +0.309% → +0.115%: $19.39
Slippage, 4 orders: −$293.34
Fee SunX: 4 bp × 2 orders: −$8
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$296.95
Costs to cover: 3.163%
Break-even: never at this rate

Slippage from SunX: live order book, 9 min ago; Gate: live order book, 4 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, 9 min ago	27.66 bp	47.8 bp −$48	doesn't fit	doesn't fit	doesn't fit
Sell Gate live order book, 4 min ago	9.64 bp	113.4 bp −$113	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	0.02140	+0.295%	$240K	$153K	20x	as long as short
Lighter SKR	+0.0096%	1h	0.02135	+0.056%	$14K	$17K	3x	as long as short
Hyperliquid SKR	+0.0100%	1h	0.02139	+0.267%	$1.4M	$730K	3x	as long as short
Aster SKRUSDT	+0.0100%	4h	0.02137	+0.152%	$27K	$33K	5x	as long as short
Binance SKRUSDT	+0.0100%	4h	0.02139	+0.246%	$3.6M	$11.7M	20x	as long as short
Bybit SKRUSDT	+0.0100%	4h	0.02141	+0.333%	$4.6M	$4.8M	20x	as long as short
Gate SKR_USDTshort	+0.0100%	4h	0.02140	+0.309%	$1.0M	$531K	20x
MEXC SKR_USDT	+0.0100%	4h	0.02139	+0.234%	$4.4M	$489K	20x	as long as short
KuCoin SKRUSDTM	+0.0100%	4h	0.02140	+0.314%	$693K	$686K	20x	as long as short
Bitget SKRUSDT	+0.0100%	4h	0.02139	+0.248%	$1.5M	$1.1M	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-USDT	+0.0100%	4h	0.02141	+0.333%	—	$2.4M	—	as long as short
SunX SKR-USDTlong	+0.0100%	4h	0.02134	long leg	$2K	$2.3M	20x
HTX SKR-USDT	+0.0100%	4h	0.02134	+0.009%	$14K	$37K	20x	as long as short
Backpack SKR_USDC_PERP	+0.0145%	1h	0.02137	+0.164%	$51K	$231K	5x	as long as short
Phoenix SKR	+0.1507%	1h	0.02125	−0.422%	$4K	$10K	3x	as long as short