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: SunX against Binance−0.204%7-day average −0.150% · you buy dearer than you sell

Net, funding: paid 7d − costs−$201as in the Funding arb table

Net, price: spread back to 7d avg − costs−$206as in the Price arb table

costs, in and out, $10k−$2012.006% of the position

Long on Binance Short on SunX

What this pair did over the last

the charts below follow

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

Price spread, last 3 days (all we have)−0.200%−$20 · spread now −0.204%, 7d avg −0.150%

Together, before fees−0.200%−$20 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: SunX is 0.054% cheaper against Binance than usual: you would sell low and buy high, −$5 on $10k if it goes back to its 7-day average of −0.150%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance SKRUSDT	0.02104	0.0100	pay 0.0050% / 4h	40m 16s	$3.5M	$12.1M	20x
Short	SunX SKR-USDT	0.02100	0.0100	get 0.0050% / 4h	40m 16s	$2K	$2.3M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now −0.204%Rate

Funding earned: $0
Price spread: −0.204% → −0.150%: −$5.41
Slippage, 4 orders: −$182.64
Fee Binance: 5 bp × 2 orders: −$10
Fee SunX: 4 bp × 2 orders: −$8
Net: −$206.05
Costs to cover: 2.006%
Break-even: never at this rate

Slippage from Binance: live order book, 15 min ago; SunX: live order book, 6 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, 15 min ago	0.47 bp	26.5 bp −$27	155.0 bp −$1,550	doesn't fit	doesn't fit
Sell SunX live order book, 6 min ago	30.81 bp	52.8 bp −$53	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	+0.057%	$234K	$154K	20x	as long as short
Lighter SKR	+0.0096%	1h	0.02099	−0.242%	$14K	$16K	3x	as long as short
Hyperliquid SKR	+0.0100%	1h	0.02109	+0.219%	$1.3M	$742K	3x	as long as short
Aster SKRUSDT	+0.0100%	4h	0.02106	+0.067%	$26K	$32K	5x	as long as short
Binance SKRUSDTlong	+0.0100%	4h	0.02104	long leg	$3.5M	$12.1M	20x
Bybit SKRUSDT	+0.0100%	4h	0.02105	+0.010%	$4.5M	$4.9M	20x	as long as short
Gate SKR_USDT	+0.0100%	4h	0.02107	+0.138%	$1.0M	$529K	20x	as long as short
MEXC SKR_USDT	+0.0100%	4h	0.02108	+0.166%	$4.4M	$463K	20x	as long as short
KuCoin SKRUSDTM	+0.0100%	4h	0.02105	+0.010%	$676K	$685K	20x	as long as short
Bitget SKRUSDT	+0.0100%	4h	0.02108	+0.181%	$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	0.02104	0.000%	—	$2.4M	—	as long as short
SunX SKR-USDTshort	+0.0100%	4h	0.02100	−0.204%	$2K	$2.3M	20x
HTX SKR-USDT	+0.0100%	4h	0.02109	+0.200%	$14K	$36K	20x	as long as short
Backpack SKR_USDC_PERP	+0.0316%	1h	0.02107	+0.119%	$50K	$213K	5x	as long as short
Phoenix SKR	+0.0755%	1h	0.02106	+0.081%	$4K	$10K	3x	as long as short