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: Bitget against Binance+0.048%7-day average −0.026% · you sell dearer than you buy

Net, funding: paid 7d − costs−$149as in the Funding arb table

Net, price: spread back to 7d avg − costs−$142as in the Price arb table

costs, in and out, $10k−$1491.492% of the position

Long on Binance Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days0.000%$0 on $10k

Price spread, last 7 days−0.045%−$5 · spread now +0.048%, 7d avg −0.026%

Together, before fees−0.045%−$5 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: Bitget is 0.074% dearer against Binance than usual: you sell high and buy low, +$7 on $10k if it goes back to its 7-day average of −0.026%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance SKRUSDT	0.02101	0.0100	pay 0.0050% / 4h	22m 41s	$3.5M	$12.2M	20x
Short	Bitget SKRUSDT	0.02102	0.0100	get 0.0050% / 4h	22m 41s	$1.5M	$1.1M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against Binance. 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 BinancebpFee BitgetbpOrdersPrice spread, now +0.048%Rate

Funding earned: $0
Price spread: +0.048% → −0.026%: $7.4
Slippage, 4 orders: −$127.17
Fee Binance: 5 bp × 2 orders: −$10
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$141.77
Costs to cover: 1.492%
Break-even: never at this rate

Slippage from Binance: live order book, 3 min ago; Bitget: 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 Binance live order book, 3 min ago	0.47 bp	27.3 bp −$27	152.7 bp −$1,527	doesn't fit	doesn't fit
Sell Bitget live order book, 4 min ago	7.36 bp	44.0 bp −$44	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	0.02106	+0.229%	$233K	$154K	20x	as long as short
Lighter SKR	+0.0096%	1h	0.02097	−0.200%	$14K	$16K	3x	as long as short
Hyperliquid SKR	+0.0100%	1h	0.02101	−0.004%	$1.3M	$740K	3x	as long as short
Aster SKRUSDT	+0.0100%	4h	0.02103	+0.096%	$26K	$32K	5x	as long as short
Binance SKRUSDTlong	+0.0100%	4h	0.02101	long leg	$3.5M	$12.2M	20x
Bybit SKRUSDT	+0.0100%	4h	0.02100	−0.043%	$4.5M	$4.9M	20x	as long as short
Gate SKR_USDT	+0.0100%	4h	0.02104	+0.115%	$1.0M	$530K	20x	as long as short
MEXC SKR_USDT	+0.0100%	4h	0.02100	−0.028%	$4.3M	$464K	20x	as long as short
KuCoin SKRUSDTM	+0.0100%	4h	0.02102	+0.053%	$677K	$685K	20x	as long as short
Bitget SKRUSDTshort	+0.0100%	4h	0.02102	+0.048%	$1.5M	$1.1M	20x

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX SKR-USDT	+0.0100%	4h	0.02101	−0.009%	—	$2.4M	—	as long as short
SunX SKR-USDT	+0.0100%	4h	0.02099	−0.109%	$2K	$2.3M	20x	as long as short
HTX SKR-USDT	+0.0100%	4h	0.02105	+0.200%	$14K	$36K	20x	as long as short
Backpack SKR_USDC_PERP	+0.0254%	1h	0.02102	+0.048%	$50K	$213K	5x	as long as short
Phoenix SKR	+0.0755%	1h	0.02106	+0.214%	$4K	$10K	3x	as long as short