SKR

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0265%/8h= +29.1% APRnext payment +$1.33 per $10,000 · paid last 24h +0.006%

Price spread now: Bybit against BingX+0.211%7-day average −0.010% · you sell dearer than you buy

Net, funding: paid 7d − costs−$161as in the Funding arb table

Net, price: spread back to 7d avg − costs−$136as in the Price arb table

costs, in and out, $10k−$1581.583% of the position

Long on BingX Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.025%−$3 on $10k

Price spread, last 7 days−0.227%−$23 · spread now +0.211%, 7d avg −0.010%

Together, before fees−0.252%−$25 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$8 a day on $10k at the current rate, and Bybit is 0.221% dearer against BingX than usual: you sell high and buy low: +$22 more if the spread goes back to its 7-day average of −0.010%.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.025% in total (about -1.3% a year). A funding rate is set anew for every payment; at this rate the next one is about +$1.33 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX SKR-USDT	0.02179	0.0070	pay 0.0035% / 4h	3h 25m	—	$2.4M	—
Short	Bybit SKRUSDT	0.02184	0.0335	get 0.0168% / 4h	3h 25m	$4.7M	$5.4M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against BingX. 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 BingXbpFee BybitbpOrdersPrice spread, now +0.211%Rate

Funding earned: $55.72
Price spread: +0.211% → −0.010%: $22.13
Slippage, 4 orders: −$137.34
Fee BingX: 5 bp × 2 orders: −$10
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$80.5
Costs to cover: 1.583%
Break-even: 17.1 days

Slippage from BingX: live order book, 8 min ago; Bybit: live order book, 2 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 BingX live order book, 8 min ago	5.54 bp	39.0 bp −$39	170.7 bp −$1,707	518.8 bp −$51.9K	989.9 bp −$494.9K
Sell Bybit live order book, 2 min ago	1.38 bp	42.8 bp −$43	138.1 bp −$1,381	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	−0.0059%	4h	0.02179	+0.009%	$242K	$173K	20x	as long as short
BingX SKR-USDTlong	+0.0070%	4h	0.02179	long leg	—	$2.4M	—
Lighter SKR	+0.0096%	1h	0.02183	+0.170%	$9K	$20K	3x	as long as short
Hyperliquid SKR	+0.0100%	1h	0.02186	+0.298%	$1.4M	$816K	3x	as long as short
Aster SKRUSDT	+0.0100%	4h	0.02180	+0.028%	$29K	$38K	5x	as long as short
Binance SKRUSDT	+0.0100%	4h	0.02185	+0.271%	$3.8M	$13.8M	20x	as long as short
MEXC SKR_USDT	+0.0100%	4h	0.02184	+0.202%	$4.5M	$480K	20x	as long as short
KuCoin SKRUSDTM	+0.0100%	4h	0.02184	+0.220%	$668K	$736K	20x	as long as short
Bitget SKRUSDT	+0.0100%	4h	0.02181	+0.092%	$1.6M	$1.4M	20x	as long as short
SunX SKR-USDT	+0.0100%	4h	0.02179	+0.009%	$2K	$2.3M	20x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX SKR-USDT	+0.0100%	4h	0.02184	+0.211%	$14K	$34K	20x	as long as short
Bybit SKRUSDTshort	+0.0335%	4h	0.02184	+0.211%	$4.7M	$5.4M	20x
Gate SKR_USDT	+0.0670%	4h	0.02181	+0.106%	$1.1M	$575K	20x	as long as short
Phoenix SKR	+0.0747%	1h	0.02173	−0.298%	$4K	$10K	3x	as long as short
Backpack SKR_USDC_PERP	+0.0818%	1h	0.02182	+0.142%	$52K	$165K	5x	as long as short