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 +0.005%

Price spread now: Gate against BingX+0.087%7-day average −0.038% · you sell dearer than you buy

Net, funding: paid 7d − costs−$230as in the Funding arb table

Net, price: spread back to 7d avg − costs−$218as in the Price arb table

costs, in and out, $10k−$2302.304% of the position

Long on BingX Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days+0.007%+$1 on $10k

Price spread, last 7 days−0.054%−$5 · spread now +0.087%, 7d avg −0.038%

Together, before fees−0.046%−$5 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: Gate is 0.126% dearer against BingX than usual: you sell high and buy low, +$13 on $10k if it goes back to its 7-day average of −0.038%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX SKR-USDT	0.02062	0.0100	pay 0.0050% / 4h	1h 10m	—	$2.4M	—
Short	Gate SKR_USDT	0.02064	0.0100	get 0.0050% / 4h	1h 10m	$1.0M	$555K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now +0.087%Rate

Funding earned: $0
Price spread: +0.087% → −0.038%: $12.56
Slippage, 4 orders: −$205.39
Fee BingX: 5 bp × 2 orders: −$10
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$217.82
Costs to cover: 2.304%
Break-even: never at this rate

Slippage from BingX: live order book, 4 min ago; Gate: 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, 4 min ago	6.55 bp	43.4 bp −$43	167.1 bp −$1,671	687.2 bp −$68.7K	1071.1 bp −$535.6K
Sell Gate live order book, 2 min ago	5.81 bp	67.1 bp −$67	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	0.02064	+0.116%	$231K	$160K	20x	as long as short
Lighter SKR	+0.0096%	1h	0.02058	−0.189%	$9K	$21K	3x	as long as short
Hyperliquid SKR	+0.0100%	1h	0.02062	+0.019%	$1.3M	$808K	3x	as long as short
Aster SKRUSDT	+0.0100%	4h	0.02061	−0.048%	$28K	$34K	5x	as long as short
Binance SKRUSDT	+0.0100%	4h	0.02061	−0.053%	$3.5M	$13.3M	20x	as long as short
Bybit SKRUSDT	+0.0100%	4h	0.02062	+0.015%	$4.4M	$5.3M	20x	as long as short
Gate SKR_USDTshort	+0.0100%	4h	0.02064	+0.087%	$1.0M	$555K	20x
MEXC SKR_USDT	+0.0100%	4h	0.02062	−0.024%	$4.3M	$473K	20x	as long as short
KuCoin SKRUSDTM	+0.0100%	4h	0.02063	+0.024%	$639K	$726K	20x	as long as short
Bitget SKRUSDT	+0.0100%	4h	0.02061	−0.053%	$1.5M	$1.3M	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-USDTlong	+0.0100%	4h	0.02062	long leg	—	$2.4M	—
SunX SKR-USDT	+0.0100%	4h	0.02057	−0.262%	$2K	$2.3M	20x	as long as short
HTX SKR-USDT	+0.0100%	4h	0.02056	−0.296%	$13K	$36K	20x	as long as short
Backpack SKR_USDC_PERP	+0.0218%	1h	0.02060	−0.073%	$49K	$192K	5x	as long as short
Phoenix SKR	+0.1918%	1h	0.02068	+0.306%	$4K	$10K	3x	as long as short