Funding arb · Price arb /

SKR

all SKR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 20:00 UTC0.0000%/8hnext payment +$0.00 per $10,000 · paid last 24h +0.026%

Price spread now: KuCoin against Binance+0.184%7-day average +0.077% · you sell dearer than you buy

Net, funding: paid 7d − costs−$713as in the Funding arb table

Net, price: spread back to 7d avg − costs−$716as in the Price arb table

costs, in and out, $10k−$7267.263% of the position

Long on Binance Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.133%+$13 on $10k

Price spread, last 3 days (all we have)−0.094%−$9 · spread now +0.184%, 7d avg +0.077%

Together, before fees+0.039%+$4 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: KuCoin is 0.107% dearer against Binance than usual: you sell high and buy low, +$11 on $10k if it goes back to its 7-day average of +0.077%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance SKRUSDT	0.02121	0.0100	pay 0.0050% / 4h	22m 29s	$3.6M	$11.2M	20x
Short	KuCoin SKRUSDTM	0.02124	0.0100	get 0.0050% / 4h	22m 29s	$683K	$683K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now +0.184%Rate

Funding earned: $0
Price spread: +0.184% → +0.077%: $10.71
Slippage, 4 orders: −$704.25
Fee Binance: 5 bp × 2 orders: −$10
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$715.54
Costs to cover: 7.263%
Break-even: never at this rate

Slippage from Binance: live order book, 7 min ago; KuCoin: live order book, 5 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, 7 min ago	1.90 bp	28.1 bp −$28	145.3 bp −$1,453	doesn't fit	doesn't fit
Sell KuCoin live order book, 5 min ago	11.54 bp	430.0 bp −$430	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	0.02118	−0.127%	$241K	$148K	20x	as long as short
Lighter SKR	+0.0096%	1h	0.02116	−0.202%	$14K	$17K	3x	as long as short
Hyperliquid SKR	+0.0100%	1h	0.02123	+0.100%	$1.3M	$706K	3x	as long as short
Aster SKRUSDT	+0.0100%	4h	0.02121	+0.001%	$27K	$32K	5x	as long as short
Binance SKRUSDTlong	+0.0100%	4h	0.02121	long leg	$3.6M	$11.2M	20x
Bybit SKRUSDT	+0.0100%	4h	0.02121	+0.038%	$4.6M	$4.7M	20x	as long as short
Gate SKR_USDT	+0.0100%	4h	0.02122	+0.067%	$1.0M	$519K	20x	as long as short
MEXC SKR_USDT	+0.0100%	4h	0.02122	+0.067%	$4.4M	$474K	20x	as long as short
KuCoin SKRUSDTMshort	+0.0100%	4h	0.02124	+0.184%	$683K	$683K	20x
Bitget SKRUSDT	+0.0100%	4h	0.02122	+0.076%	$1.5M	$1.1M	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	0.02119	−0.089%	—	$2.4M	—	as long as short
Backpack SKR_USDC_PERP	+0.0100%	1h	0.02122	+0.057%	$52K	$243K	5x	as long as short
SunX SKR-USDT	+0.0100%	4h	0.02117	−0.150%	$2K	$2.2M	20x	as long as short
HTX SKR-USDT	+0.0100%	4h	0.02119	−0.066%	$14K	$37K	20x	as long as short
Phoenix SKR	+0.1157%	1h	0.02126	+0.255%	$4K	$10K	3x	as long as short