Funding arb · Price arb /

SKR

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0997%/8h= +109.2% APRpaid last 24h +0.019%

Price spread now: Backpack against Aster+0.144%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Aster Short on Backpack

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropAster: Stage 5 · farm boardneeds both histories

Both sides work for this trade now. Funding pays +$30 a day on $10k at the current rate, and Backpack is 0.144% dearer against Aster than usual: you sell high and buy low: +$14 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster SKRUSDT	0.02088	0.0100	pay 0.0050% / 4h	43m 31s	$28K	$35K	5x
Short	Backpack SKR_USDC_PERP	0.02091	0.1097	get 0.0137% / 1h	43m 31s	$50K	$182K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Backpack against Aster. 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 AsterbpFee BackpackbpOrdersPrice spread, now +0.144%Rate

Funding earned: $209.44
Price spread: +0.144% → 0.000%: $14.43
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee Backpack: 5 bp × 2 orders: −$10
Net: $205.87
Costs to cover: 0.180%
Break-even: 0.1 days

Slippage unknown: Aster: no order-book sample; Backpack: live order book, 15 min ago. Net counts fees only.

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 Aster no order-book sample	—	—	—	—	—
Sell Backpack live order book, 15 min ago	1.69 bp	19.1 bp −$19	doesn't fit	doesn't fit	doesn't fit

Aster: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	0.02090	+0.101%	$230K	$163K	20x	as long as short
Lighter SKR	+0.0096%	1h	0.02086	−0.114%	$9K	$20K	3x	as long as short
Hyperliquid SKR	+0.0100%	1h	0.02088	−0.004%	$1.3M	$809K	3x	as long as short
Aster SKRUSDTlong	+0.0100%	4h	0.02088	long leg	$28K	$35K	5x
Binance SKRUSDT	+0.0100%	4h	0.02090	+0.106%	$3.5M	$13.3M	20x	as long as short
Bybit SKRUSDT	+0.0100%	4h	0.02091	+0.130%	$4.5M	$5.3M	20x	as long as short
Gate SKR_USDT	+0.0100%	4h	0.02092	+0.202%	$1.0M	$554K	20x	as long as short
MEXC SKR_USDT	+0.0100%	4h	0.02089	+0.053%	$4.3M	$474K	20x	as long as short
KuCoin SKRUSDTM	+0.0100%	4h	0.02090	+0.092%	$641K	$724K	20x	as long as short
Bitget SKRUSDT	+0.0100%	4h	0.02092	+0.168%	$1.5M	$1.3M	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	0.02090	+0.087%	—	$2.3M	—	as long as short
SunX SKR-USDT	+0.0100%	4h	0.02086	−0.119%	$2K	$2.3M	20x	as long as short
HTX SKR-USDT	+0.0100%	4h	0.02090	+0.116%	$14K	$35K	20x	as long as short
Backpack SKR_USDC_PERPshort	+0.1097%	1h	0.02091	+0.144%	$50K	$182K	5x
Phoenix SKR	+0.1165%	1h	0.02092	+0.183%	$4K	$10K	3x	as long as short