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: MEXC against SunX−0.096%7-day average +0.137% · you buy dearer than you sell

Net, funding: paid 7d − costs−$147as in the Funding arb table

Net, price: spread back to 7d avg − costs−$170as in the Price arb table

costs, in and out, $10k−$1471.467% of the position

Long on SunX Short on MEXC

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)+0.565%+$56 · spread now −0.096%, 7d avg +0.137%

Together, before fees+0.565%+$56 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: MEXC is 0.233% cheaper against SunX than usual: you would sell low and buy high, −$23 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	0.02081	0.0100	pay 0.0050% / 4h	1h 30m	$1K	$3.2M	20x
Short	MEXC SKR_USDT	0.02079	0.0100	get 0.0050% / 4h	1h 30m	$4.9M	$804K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now −0.096%Rate

Funding earned: $0
Price spread: −0.096% → +0.137%: −$23.3
Slippage, 4 orders: −$134.74
Fee SunX: 4 bp × 2 orders: −$8
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$170.04
Costs to cover: 1.467%
Break-even: never at this rate

Slippage from SunX: live order book, 11 min ago; MEXC: live order book, 10 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, 11 min ago	31.38 bp	81.4 bp −$81	doesn't fit	doesn't fit	doesn't fit
Sell MEXC live order book, 10 min ago	2.14 bp	8.7 bp −$9	48.7 bp −$487	376.1 bp −$37.6K	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	0.02085	+0.221%	$231K	$164K	20x	as long as short
Lighter SKR	+0.0096%	1h	0.02078	−0.115%	$7K	$26K	3x	as long as short
Hyperliquid SKR	+0.0100%	1h	0.02078	−0.106%	$1.3M	$1.5M	3x	as long as short
Aster SKRUSDT	+0.0100%	4h	0.02082	+0.067%	$16K	$134K	5x	as long as short
Binance SKRUSDT	+0.0100%	4h	0.02080	−0.025%	$3.6M	$28.4M	20x	as long as short
Bybit SKRUSDT	+0.0100%	4h	0.02080	−0.019%	$4.5M	$10.9M	20x	as long as short
Gate SKR_USDT	+0.0100%	4h	0.02078	−0.115%	$972K	$1.7M	20x	as long as short
MEXC SKR_USDTshort	+0.0100%	4h	0.02079	−0.096%	$4.9M	$804K	20x
KuCoin SKRUSDTM	+0.0100%	4h	0.02079	−0.087%	$691K	$1.6M	20x	as long as short
Bitget SKRUSDT	+0.0100%	4h	0.02080	−0.024%	$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	0.02079	−0.072%	—	$2.8M	—	as long as short
Backpack SKR_USDC_PERP	+0.0100%	1h	0.02081	+0.024%	$52K	$202K	5x	as long as short
SunX SKR-USDTlong	+0.0100%	4h	0.02081	long leg	$1K	$3.2M	20x
HTX SKR-USDT	+0.0100%	4h	0.02087	+0.308%	$14K	$40K	20x	as long as short
Phoenix SKR	+0.0380%	1h	0.02092	+0.543%	$4K	$10K	3x	as long as short