SKR

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0515%/8h= +56.4% APRnext payment +$2.58 per $10,000 · paid last 24h 0.000%

Price spread now: Bitget against Bybit−0.038%7-day average −0.030% · you buy dearer than you sell

Net, funding: paid 7d − costs−$206as in the Funding arb table

Net, price: spread back to 7d avg − costs−$211as in the Price arb table

costs, in and out, $10k−$2102.099% of the position

Long on Bybit Short on Bitget

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+0.015%+$2 · spread now −0.038%, 7d avg −0.030%

Together, before fees+0.049%+$5 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.030%, so right now this pair is about funding alone: +$15 a day on $10k at the current rate.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.034% in total (about 1.8% a year). A funding rate is set anew for every payment; at this rate the next one is about +$2.58 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	Bybit SKRUSDT	0.02121	−0.0415	get 0.0208% / 4h	2h 27m	$4.8M	$9.7M	20x
Short	Bitget SKRUSDT	0.02121	0.0100	get 0.0050% / 4h	2h 27m	$1.6M	$3.3M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now −0.038%Rate

Funding earned: $108.23
Price spread: −0.038% → −0.030%: −$0.73
Slippage, 4 orders: −$186.9
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$102.4
Costs to cover: 2.099%
Break-even: 13.6 days

Slippage from Bybit: live order book, 5 min ago; Bitget: live order book, 5 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, 5 min ago	3.72 bp	30.2 bp −$30	33.9 bp −$339	doesn't fit	doesn't fit
Sell Bitget live order book, 5 min ago	12.57 bp	47.1 bp −$47	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	−0.0548%	4h	0.02120	−0.057%	$271K	$165K	20x	as long as short
Bybit SKRUSDTlong	−0.0415%	4h	0.02121	long leg	$4.8M	$9.7M	20x
Hyperliquid SKR	−0.0363%	1h	0.02117	−0.193%	$1.4M	$1.3M	3x	as long as short
Backpack SKR_USDC_PERP	−0.0321%	1h	0.02117	−0.189%	$55K	$204K	5x	as long as short
Lighter SKR	+0.0096%	1h	0.02114	−0.363%	$8K	$23K	3x	as long as short
Aster SKRUSDT	+0.0100%	4h	0.02111	−0.501%	$26K	$113K	5x	as long as short
Binance SKRUSDT	+0.0100%	4h	0.02118	−0.160%	$3.9M	$25.0M	20x	as long as short
Gate SKR_USDT	+0.0100%	4h	0.02118	−0.165%	$1.0M	$1.6M	20x	as long as short
MEXC SKR_USDT	+0.0100%	4h	0.02118	−0.165%	$5.1M	$816K	20x	as long as short
KuCoin SKRUSDTM	+0.0100%	4h	0.02120	−0.052%	$694K	$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 SKRUSDTshort	+0.0100%	4h	0.02121	−0.038%	$1.6M	$3.3M	20x
BingX SKR-USDT	+0.0100%	4h	0.02115	−0.292%	—	$2.7M	—	as long as short
SunX SKR-USDT	+0.0100%	4h	0.02116	−0.264%	$2K	$3.0M	20x	as long as short
HTX SKR-USDT	+0.0100%	4h	0.02102	−0.891%	$14K	$39K	20x	as long as short
Phoenix SKR	+0.0735%	1h	0.02174	+2.484%	$4K	$10K	3x	as long as short