Funding arb · Price arb /

SKR

all SKR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Bybit against Binance+0.094%7-day average +0.003% · you sell dearer than you buy

Net, funding: paid 7d − costs−$142as in the Funding arb table

Net, price: spread back to 7d avg − costs−$130as in the Price arb table

costs, in and out, $10k−$1391.391% of the position

Long on Binance Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.034%−$3 on $10k

Price spread, last 7 days−0.119%−$12 · spread now +0.094%, 7d avg +0.003%

Together, before fees−0.153%−$15 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: Bybit is 0.091% dearer against Binance than usual: you sell high and buy low, +$9 on $10k if it goes back to its 7-day average of +0.003%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance SKRUSDT	0.02130	0.0100	pay 0.0050% / 4h	3h 27m	$3.6M	$12.4M	20x
Short	Bybit SKRUSDT	0.02132	0.0100	get 0.0050% / 4h	3h 27m	$4.6M	$5.0M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now +0.094%Rate

Funding earned: $0
Price spread: +0.094% → +0.003%: $9.07
Slippage, 4 orders: −$118.06
Fee Binance: 5 bp × 2 orders: −$10
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$129.99
Costs to cover: 1.391%
Break-even: never at this rate

Slippage from Binance: live order book, 13 min ago; Bybit: live order book, just now.

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, 13 min ago	1.18 bp	23.8 bp −$24	147.7 bp −$1,477	doesn't fit	doesn't fit
Sell Bybit live order book, just now	2.58 bp	47.8 bp −$48	143.9 bp −$1,439	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	0.02114	−0.742%	$236K	$156K	20x	as long as short
BingX SKR-USDT	+0.0070%	4h	0.02131	+0.028%	—	$2.4M	—	as long as short
Lighter SKR	+0.0096%	1h	0.02128	−0.089%	$9K	$22K	3x	as long as short
Hyperliquid SKR	+0.0100%	1h	0.02133	+0.160%	$1.4M	$720K	3x	as long as short
Aster SKRUSDT	+0.0100%	4h	0.02128	−0.107%	$27K	$32K	5x	as long as short
Binance SKRUSDTlong	+0.0100%	4h	0.02130	long leg	$3.6M	$12.4M	20x
Bybit SKRUSDTshort	+0.0100%	4h	0.02132	+0.094%	$4.6M	$5.0M	20x
Gate SKR_USDT	+0.0100%	4h	0.02128	−0.075%	$1.0M	$530K	20x	as long as short
MEXC SKR_USDT	+0.0100%	4h	0.02131	+0.042%	$4.4M	$464K	20x	as long as short
KuCoin SKRUSDTM	+0.0100%	4h	0.02129	−0.042%	$691K	$689K	20x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget SKRUSDT	+0.0100%	4h	0.02132	+0.085%	$1.5M	$1.2M	20x	as long as short
SunX SKR-USDT	+0.0100%	4h	0.02116	−0.638%	$1K	$2.3M	20x	as long as short
HTX SKR-USDT	+0.0100%	4h	0.02117	−0.610%	$14K	$36K	20x	as long as short
Backpack SKR_USDC_PERP	+0.0509%	1h	0.02121	−0.427%	$53K	$196K	5x	as long as short
Phoenix SKR	+0.1502%	1h	0.02115	−0.695%	$4K	$10K	3x	as long as short