Funding arb · Price arb /

SKR

all SKR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.023%

Price spread now: KuCoin against BingX−0.380%7-day average +0.035% · you buy dearer than you sell

Net, funding: paid 7d − costs−$1,106as in the Funding arb table

Net, price: spread back to 7d avg − costs−$1,162as in the Price arb table

costs, in and out, $10k−$1,12111.205% of the position

Long on BingX Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.142%+$14 on $10k

Price spread, last 4 days (all we have)+0.446%+$45 · spread now −0.380%, 7d avg +0.035%

Together, before fees+0.588%+$59 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 0.415% cheaper against BingX than usual: you would sell low and buy high, −$41 on $10k if it goes back to its 7-day average of +0.035%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX SKR-USDT	0.02160	0.0100	pay 0.0050% / 4h	2h 24m	—	$2.7M	—
Short	KuCoin SKRUSDTM	0.02152	0.0100	get 0.0050% / 4h	2h 24m	$698K	$1.4M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now −0.380%Rate

Funding earned: $0
Price spread: −0.380% → +0.035%: −$41.45
Slippage, 4 orders: −$1,098.53
Fee BingX: 5 bp × 2 orders: −$10
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$1,161.98
Costs to cover: 11.205%
Break-even: never at this rate

Slippage from BingX: live order book, 10 min ago; KuCoin: 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 BingX live order book, 10 min ago	8.69 bp	72.0 bp −$72	365.9 bp −$3,659	685.7 bp −$68.6K	1059.0 bp −$529.5K
Sell KuCoin live order book, 6 min ago	7.99 bp	376.9 bp −$377	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	−0.0592%	4h	0.02148	−0.569%	$271K	$167K	20x	as long as short
Bybit SKRUSDT	−0.0324%	4h	0.02162	+0.079%	$4.9M	$9.8M	20x	as long as short
Hyperliquid SKR	−0.0305%	1h	0.02149	−0.523%	$1.4M	$1.3M	3x	as long as short
Backpack SKR_USDC_PERP	−0.0233%	1h	0.02151	−0.421%	$56K	$204K	5x	as long as short
Lighter SKR	+0.0096%	1h	0.02150	−0.486%	$8K	$23K	3x	as long as short
Aster SKRUSDT	+0.0100%	4h	0.02155	−0.228%	$25K	$115K	5x	as long as short
Binance SKRUSDT	+0.0100%	4h	0.02158	−0.110%	$3.9M	$25.3M	20x	as long as short
Gate SKR_USDT	+0.0100%	4h	0.02159	−0.065%	$1.0M	$1.6M	20x	as long as short
MEXC SKR_USDT	+0.0100%	4h	0.02157	−0.167%	$5.2M	$816K	20x	as long as short
KuCoin SKRUSDTMshort	+0.0100%	4h	0.02152	−0.380%	$698K	$1.4M	20x

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget SKRUSDT	+0.0100%	4h	0.02158	−0.102%	$1.6M	$3.3M	20x	as long as short
BingX SKR-USDTlong	+0.0100%	4h	0.02160	long leg	—	$2.7M	—
SunX SKR-USDT	+0.0100%	4h	0.02151	−0.421%	$2K	$3.0M	20x	as long as short
HTX SKR-USDT	+0.0100%	4h	0.02102	−2.676%	$14K	$39K	20x	as long as short
Phoenix SKR	+0.0735%	1h	0.02136	−1.102%	$4K	$10K	3x	as long as short