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 0.000%

Price spread now: Binance against Bybit−0.038%7-day average −0.005% · you buy dearer than you sell

Net, funding: paid 7d − costs−$153as in the Funding arb table

Net, price: spread back to 7d avg − costs−$160as in the Price arb table

costs, in and out, $10k−$1571.565% of the position

Long on Bybit Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days+0.034%+$3 on $10k

Price spread, last 7 days+0.088%+$9 · spread now −0.038%, 7d avg −0.005%

Together, before fees+0.122%+$12 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: Binance is 0.033% cheaper against Bybit than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of −0.005%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit SKRUSDT	0.02086	0.0100	pay 0.0050% / 4h	1h 54m	$4.7M	$10.1M	20x
Short	Binance SKRUSDT	0.02086	0.0100	get 0.0050% / 4h	1h 54m	$3.7M	$26.3M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Bybit. 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 BybitbpFee BinancebpOrdersPrice spread, now −0.038%Rate

Funding earned: $0
Price spread: −0.038% → −0.005%: −$3.29
Slippage, 4 orders: −$135.52
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Binance: 5 bp × 2 orders: −$10
Net: −$159.81
Costs to cover: 1.565%
Break-even: never at this rate

Slippage from Bybit: live order book, 4 min ago; Binance: 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 Bybit live order book, 4 min ago	4.27 bp	47.2 bp −$47	151.0 bp −$1,510	doesn't fit	doesn't fit
Sell Binance live order book, 2 min ago	0.96 bp	30.5 bp −$30	146.9 bp −$1,469	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
Backpack SKR_USDC_PERP	−0.0433%	1h	0.02089	+0.139%	$54K	$207K	5x	as long as short
BloFin SKR-USDT	−0.0140%	4h	0.02088	+0.081%	$248K	$163K	20x	as long as short
Lighter SKR	+0.0096%	1h	0.02083	−0.139%	$8K	$26K	3x	as long as short
Hyperliquid SKR	+0.0100%	1h	0.02085	−0.053%	$1.3M	$1.4M	3x	as long as short
Aster SKRUSDT	+0.0100%	4h	0.02088	+0.092%	$25K	$117K	5x	as long as short
Binance SKRUSDTshort	+0.0100%	4h	0.02086	−0.038%	$3.7M	$26.3M	20x
Bybit SKRUSDTlong	+0.0100%	4h	0.02086	long leg	$4.7M	$10.1M	20x
Gate SKR_USDT	+0.0100%	4h	0.02090	+0.173%	$988K	$1.6M	20x	as long as short
MEXC SKR_USDT	+0.0100%	4h	0.02088	+0.091%	$5.0M	$818K	20x	as long as short
KuCoin SKRUSDTM	+0.0100%	4h	0.02088	+0.058%	$637K	$1.4M	20x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget SKRUSDT	+0.0100%	4h	0.02087	+0.053%	$1.6M	$3.4M	20x	as long as short
BingX SKR-USDT	+0.0100%	4h	0.02084	−0.086%	—	$2.8M	—	as long as short
SunX SKR-USDT	+0.0100%	4h	0.02084	−0.086%	$2K	$3.1M	20x	as long as short
HTX SKR-USDT	+0.0100%	4h	0.02091	+0.206%	$14K	$40K	20x	as long as short
Phoenix SKR	+0.0735%	1h	0.02112	+1.232%	$4K	$10K	3x	as long as short