Funding arb · Price arb /

SKR

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h −0.001%

Price spread now: Lighter against Aster−0.123%7-day average — · you buy dearer than you sell

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

Long on Aster Short on Lighter

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 · Lighter: Season 3 · farm boardneeds both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Lighter is 0.123% cheaper against Aster than usual: you would sell low and buy high, −$12 on $10k if it 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	0.02160	0.0100	pay 0.0050% / 4h	3h 03m	$27K	$31K	5x
Short	Lighter SKR	0.02157	0.0096	get 0.0012% / 1h	3m 13s	$9K	$22K	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter 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 LighterbpOrdersPrice spread, now −0.123%Rate

Funding earned: −$0.84
Price spread: −0.123% → 0.000%: −$12.29
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee Lighter: 0 bp × 2 orders: $0
Net: −$21.13
Costs to cover: 0.080%
Break-even: never at this rate

Slippage unknown: Aster: no order-book sample; Lighter: no order-book sample. 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 Lighter no order-book sample	—	—	—	—	—

Aster and Lighter: 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	0.02161	+0.044%	$241K	$160K	20x	as long as short
BingX SKR-USDT	+0.0070%	4h	0.02160	+0.011%	—	$2.4M	—	as long as short
Lighter SKRshort	+0.0096%	1h	0.02157	−0.123%	$9K	$22K	3x
Hyperliquid SKR	+0.0100%	1h	0.02162	+0.109%	$1.4M	$723K	3x	as long as short
Aster SKRUSDTlong	+0.0100%	4h	0.02160	long leg	$27K	$31K	5x
Binance SKRUSDT	+0.0100%	4h	0.02160	+0.005%	$3.7M	$12.6M	20x	as long as short
Bybit SKRUSDT	+0.0100%	4h	0.02159	−0.026%	$4.7M	$5.1M	20x	as long as short
MEXC SKR_USDT	+0.0100%	4h	0.02160	+0.011%	$4.5M	$468K	20x	as long as short
KuCoin SKRUSDTM	+0.0100%	4h	0.02160	−0.012%	$698K	$690K	20x	as long as short
Bitget SKRUSDT	+0.0100%	4h	0.02160	+0.021%	$1.5M	$1.2M	20x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX SKR-USDT	+0.0100%	4h	0.02156	−0.192%	$2K	$2.3M	20x	as long as short
HTX SKR-USDT	+0.0100%	4h	0.02158	−0.104%	$14K	$36K	20x	as long as short
Gate SKR_USDT	+0.0190%	4h	0.02160	−0.016%	$1.0M	$535K	20x	as long as short
Backpack SKR_USDC_PERP	+0.0675%	1h	0.02160	+0.016%	$54K	$196K	5x	as long as short
Phoenix SKR	+0.1502%	1h	0.02159	−0.053%	$4K	$10K	3x	as long as short