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 +0.026%

Price spread now: KuCoin against SunX+0.276%7-day average +0.224% · you sell dearer than you buy

Net, funding: paid 7d − costs−$613as in the Funding arb table

Net, price: spread back to 7d avg − costs−$622as in the Price arb table

costs, in and out, $10k−$6276.268% of the position

Long on SunX Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.133%+$13 on $10k

Price spread, last 3 days (all we have)+0.250%+$25 · spread now +0.276%, 7d avg +0.224%

Together, before fees+0.383%+$38 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: KuCoin is 0.052% dearer against SunX than usual: you sell high and buy low, +$5 on $10k if it goes back to its 7-day average of +0.224%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX SKR-USDT	0.02103	0.0100	pay 0.0050% / 4h	1h 20m	$2K	$2.3M	20x
Short	KuCoin SKRUSDTM	0.02109	0.0100	get 0.0050% / 4h	1h 20m	$679K	$684K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now +0.276%Rate

Funding earned: $0
Price spread: +0.276% → +0.224%: $5.18
Slippage, 4 orders: −$606.79
Fee SunX: 4 bp × 2 orders: −$8
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$621.61
Costs to cover: 6.268%
Break-even: never at this rate

Slippage from SunX: live order book, 6 min ago; KuCoin: live order book, 53 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	28.95 bp	40.9 bp −$41	doesn't fit	doesn't fit	doesn't fit
Sell KuCoin live order book, 53 min ago	7.80 bp	223.9 bp −$224	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	0.02099	−0.181%	$233K	$153K	20x	as long as short
Lighter SKR	+0.0096%	1h	0.02102	−0.048%	$14K	$17K	3x	as long as short
Hyperliquid SKR	+0.0100%	1h	0.02108	+0.209%	$1.3M	$739K	3x	as long as short
Aster SKRUSDT	+0.0100%	4h	0.02106	+0.117%	$26K	$33K	5x	as long as short
Binance SKRUSDT	+0.0100%	4h	0.02107	+0.190%	$3.5M	$12.0M	20x	as long as short
Bybit SKRUSDT	+0.0100%	4h	0.02107	+0.185%	$4.5M	$4.9M	20x	as long as short
Gate SKR_USDT	+0.0100%	4h	0.02110	+0.333%	$1.0M	$530K	20x	as long as short
MEXC SKR_USDT	+0.0100%	4h	0.02107	+0.176%	$4.4M	$481K	20x	as long as short
KuCoin SKRUSDTMshort	+0.0100%	4h	0.02109	+0.276%	$679K	$684K	20x
Bitget SKRUSDT	+0.0100%	4h	0.02109	+0.261%	$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	0.02108	+0.219%	—	$2.4M	—	as long as short
Backpack SKR_USDC_PERP	+0.0100%	1h	0.02106	+0.109%	$50K	$211K	5x	as long as short
SunX SKR-USDTlong	+0.0100%	4h	0.02103	long leg	$2K	$2.3M	20x
HTX SKR-USDT	+0.0100%	4h	0.02108	+0.204%	$14K	$37K	20x	as long as short
Phoenix SKR	+0.0379%	1h	0.02092	−0.518%	$4K	$10K	3x	as long as short