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 +0.024%

Price spread now: KuCoin against Bitget−0.153%7-day average +0.094% · you buy dearer than you sell

Net, funding: paid 7d − costs−$539as in the Funding arb table

Net, price: spread back to 7d avg − costs−$577as in the Price arb table

costs, in and out, $10k−$5525.524% of the position

Long on Bitget 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 4 days (all we have)+0.323%+$32 · spread now −0.153%, 7d avg +0.094%

Together, before fees+0.456%+$46 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 0.247% cheaper against Bitget than usual: you would sell low and buy high, −$25 on $10k if it goes back to its 7-day average of +0.094%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget SKRUSDT	0.02093	0.0100	pay 0.0050% / 4h	2h 17m	$1.5M	$1.2M	20x
Short	KuCoin SKRUSDTM	0.02090	0.0100	get 0.0050% / 4h	2h 17m	$663K	$721K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against Bitget. 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 BitgetbpFee KuCoinbpOrdersPrice spread, now −0.153%Rate

Funding earned: $0
Price spread: −0.153% → +0.094%: −$24.7
Slippage, 4 orders: −$528.44
Fee Bitget: 6 bp × 2 orders: −$12
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$577.14
Costs to cover: 5.524%
Break-even: never at this rate

Slippage from Bitget: live order book, 4 min ago; KuCoin: live order book, 22 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 Bitget live order book, 4 min ago	5.72 bp	34.5 bp −$35	doesn't fit	doesn't fit	doesn't fit
Sell KuCoin live order book, 22 min ago	6.88 bp	306.0 bp −$306	doesn't fit	doesn't fit	doesn't fit

SKR on 14 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
Lighter SKR	+0.0096%	1h	0.02091	−0.134%	$9K	$21K	3x	as long as short
Hyperliquid SKR	+0.0100%	1h	0.02095	+0.072%	$1.3M	$790K	3x	as long as short
Aster SKRUSDT	+0.0100%	4h	0.02089	−0.196%	$28K	$34K	5x	as long as short
Binance SKRUSDT	+0.0100%	4h	0.02093	−0.015%	$3.6M	$13.1M	20x	as long as short
Bybit SKRUSDT	+0.0100%	4h	0.02093	−0.043%	$4.5M	$5.2M	20x	as long as short
Gate SKR_USDT	+0.0100%	4h	0.02091	−0.110%	$1.0M	$547K	20x	as long as short
MEXC SKR_USDT	+0.0100%	4h	0.02094	+0.029%	$4.3M	$471K	20x	as long as short
KuCoin SKRUSDTMshort	+0.0100%	4h	0.02090	−0.153%	$663K	$721K	20x
Bitget SKRUSDTlong	+0.0100%	4h	0.02093	long leg	$1.5M	$1.2M	20x
BingX SKR-USDT	+0.0100%	4h	0.02094	+0.038%	—	$2.4M	—	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX SKR-USDT	+0.0100%	4h	0.02091	−0.129%	$2K	$2.3M	20x	as long as short
HTX SKR-USDT	+0.0100%	4h	0.02075	−0.860%	$14K	$36K	20x	as long as short
Backpack SKR_USDC_PERP	+0.0183%	1h	0.02094	+0.005%	$53K	$202K	5x	as long as short
Phoenix SKR	+0.0743%	1h	0.02087	−0.320%	$4K	$10K	3x	as long as short