Funding arb · Price arb /

SKR

all SKR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: Hyperliquid against Binance−0.006%7-day average −0.033% · you buy dearer than you sell

Net, funding: paid 7d − costs−$91as in the Funding arb table

Net, price: spread back to 7d avg − costs−$84as in the Price arb table

costs, in and out, $10k−$860.863% of the position

Long on Binance Short on Hyperliquid

What this pair did over the last

the charts below follow

Funding, last 7 days−0.047%−$5 on $10k

Price spread, last 7 days−0.250%−$25 · spread now −0.006%, 7d avg −0.033%

Together, before fees−0.297%+ Points / potential airdropHyperliquid: Season 2 · farm board−$30 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: Hyperliquid is 0.027% dearer against Binance than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of −0.033%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance SKRUSDT	0.02097	0.0100	pay 0.0050% / 4h	2h 19m	$3.6M	$13.0M	20x
Short	Hyperliquid SKR	0.02097	0.0100	get 0.0013% / 1h	19m 57s	$1.3M	$788K	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hyperliquid 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 HyperliquidbpOrdersPrice spread, now −0.006%Rate

Funding earned: $0
Price spread: −0.006% → −0.033%: $2.66
Slippage, 4 orders: −$67.28
Fee Binance: 5 bp × 2 orders: −$10
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: −$83.62
Costs to cover: 0.863%
Break-even: never at this rate

Slippage from Binance: live order book, 5 min ago; Hyperliquid: 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, 5 min ago	1.20 bp	28.1 bp −$28	157.2 bp −$1,572	doesn't fit	doesn't fit
Sell Hyperliquid live order book, just now	0.95 bp	26.8 bp −$27	doesn't fit	doesn't fit	doesn't fit

SKR on 14 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
Lighter SKR	+0.0096%	1h	0.02093	−0.192%	$9K	$21K	3x	as long as short
Hyperliquid SKRshort	+0.0100%	1h	0.02097	−0.006%	$1.3M	$788K	3x
Aster SKRUSDT	+0.0100%	4h	0.02098	+0.010%	$28K	$33K	5x	as long as short
Binance SKRUSDTlong	+0.0100%	4h	0.02097	long leg	$3.6M	$13.0M	20x
Bybit SKRUSDT	+0.0100%	4h	0.02097	−0.030%	$4.5M	$5.2M	20x	as long as short
Gate SKR_USDT	+0.0100%	4h	0.02098	+0.003%	$1.0M	$545K	20x	as long as short
MEXC SKR_USDT	+0.0100%	4h	0.02097	−0.001%	$4.3M	$471K	20x	as long as short
KuCoin SKRUSDTM	+0.0100%	4h	0.02097	−0.044%	$661K	$718K	20x	as long as short
Bitget SKRUSDT	+0.0100%	4h	0.02099	+0.065%	$1.5M	$1.2M	20x	as long as short
BingX SKR-USDT	+0.0100%	4h	0.02098	+0.027%	—	$2.4M	—	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX SKR-USDT	+0.0100%	4h	0.02094	−0.164%	$2K	$2.3M	20x	as long as short
HTX SKR-USDT	+0.0100%	4h	0.02097	−0.035%	$14K	$36K	20x	as long as short
Backpack SKR_USDC_PERP	+0.0172%	1h	0.02096	−0.049%	$52K	$199K	5x	as long as short
Phoenix SKR	+0.0743%	1h	0.02099	+0.089%	$4K	$10K	3x	as long as short