Funding arb · Price arb /

SKR

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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: MEXC against Bybit+0.042%7-day average −0.013% · you sell dearer than you buy

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

Net, price: spread back to 7d avg − costs−$104as in the Price arb table

costs, in and out, $10k−$1091.091% of the position

Long on Bybit Short on MEXC

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−0.045%−$5 · spread now +0.042%, 7d avg −0.013%

Together, before fees−0.011%−$1 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: MEXC is 0.055% dearer against Bybit than usual: you sell high and buy low, +$5 on $10k if it goes back to its 7-day average of −0.013%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit SKRUSDT	0.02160	0.0100	pay 0.0050% / 4h	3h 07m	$4.6M	$5.4M	20x
Short	MEXC SKR_USDT	0.02161	0.0100	get 0.0050% / 4h	3h 07m	$4.5M	$482K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now +0.042%Rate

Funding earned: $0
Price spread: +0.042% → −0.013%: $5.47
Slippage, 4 orders: −$94.13
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$103.66
Costs to cover: 1.091%
Break-even: never at this rate

Slippage from Bybit: live order book, 1 min ago; MEXC: 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, 1 min ago	3.47 bp	41.2 bp −$41	138.2 bp −$1,382	doesn't fit	doesn't fit
Sell MEXC live order book, 5 min ago	2.55 bp	8.8 bp −$9	51.6 bp −$516	290.3 bp −$29.0K	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	0.02161	+0.014%	$243K	$170K	20x	as long as short
Lighter SKR	+0.0096%	1h	0.02157	−0.171%	$9K	$20K	3x	as long as short
Hyperliquid SKR	+0.0100%	1h	0.02162	+0.074%	$1.4M	$812K	3x	as long as short
Aster SKRUSDT	+0.0100%	4h	0.02157	−0.141%	$30K	$38K	5x	as long as short
Binance SKRUSDT	+0.0100%	4h	0.02161	+0.042%	$3.7M	$13.9M	20x	as long as short
Bybit SKRUSDTlong	+0.0100%	4h	0.02160	long leg	$4.6M	$5.4M	20x
MEXC SKR_USDTshort	+0.0100%	4h	0.02161	+0.042%	$4.5M	$482K	20x
KuCoin SKRUSDTM	+0.0100%	4h	0.02158	−0.097%	$663K	$738K	20x	as long as short
Bitget SKRUSDT	+0.0100%	4h	0.02162	+0.093%	$1.6M	$1.4M	20x	as long as short
BingX SKR-USDT	+0.0100%	4h	0.02162	+0.069%	—	$2.4M	—	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX SKR-USDT	+0.0100%	4h	0.02158	−0.130%	$1K	$2.3M	20x	as long as short
HTX SKR-USDT	+0.0100%	4h	0.02161	+0.042%	$14K	$34K	20x	as long as short
Gate SKR_USDT	+0.0304%	4h	0.02160	−0.028%	$1.0M	$581K	20x	as long as short
Backpack SKR_USDC_PERP	+0.0664%	1h	0.02160	−0.037%	$52K	$164K	5x	as long as short
Phoenix SKR	+0.0747%	1h	0.02160	−0.028%	$4K	$10K	3x	as long as short