Funding arb · Price arb /

SKR

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.001%

Price spread now: Bitget against Gate−0.034%7-day average −0.001% · you buy dearer than you sell

Net, funding: paid 7d − costs−$239as in the Funding arb table

Net, price: spread back to 7d avg − costs−$242as in the Price arb table

costs, in and out, $10k−$2392.392% of the position

Long on Gate Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days−0.001%$0 on $10k

Price spread, last 7 days+0.011%+$1 · spread now −0.034%, 7d avg −0.001%

Together, before fees+0.010%+$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: Bitget is 0.033% cheaper against Gate than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of −0.001%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate SKR_USDT	0.02076	0.0100	pay 0.0050% / 4h	8m 23s	$973K	$1.7M	20x
Short	Bitget SKRUSDT	0.02075	0.0100	get 0.0050% / 4h	8m 23s	$1.6M	$3.6M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against Gate. 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 GatebpFee BitgetbpOrdersPrice spread, now −0.034%Rate

Funding earned: $0
Price spread: −0.034% → −0.001%: −$3.26
Slippage, 4 orders: −$212.19
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$242.45
Costs to cover: 2.392%
Break-even: never at this rate

Slippage from Gate: live order book, 2 min ago; Bitget: 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 Gate live order book, 2 min ago	9.68 bp	79.7 bp −$80	doesn't fit	doesn't fit	doesn't fit
Sell Bitget live order book, 2 min ago	2.18 bp	33.6 bp −$34	doesn't fit	doesn't fit	doesn't fit

SKR on 15 exchanges

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	0.02075	−0.019%	$226K	$162K	20x	as long as short
Lighter SKR	+0.0096%	1h	0.02073	−0.159%	$7K	$26K	3x	as long as short
Hyperliquid SKR	+0.0100%	1h	0.02073	−0.145%	$1.4M	$1.6M	3x	as long as short
Aster SKRUSDT	+0.0100%	4h	0.02059	−0.814%	$16K	$136K	5x	as long as short
Binance SKRUSDT	+0.0100%	4h	0.02073	−0.111%	$3.6M	$28.9M	20x	as long as short
Bybit SKRUSDT	+0.0100%	4h	0.02074	−0.072%	$4.5M	$11.1M	20x	as long as short
Gate SKR_USDTlong	+0.0100%	4h	0.02076	long leg	$973K	$1.7M	20x
MEXC SKR_USDT	+0.0100%	4h	0.02073	−0.120%	$5.0M	$829K	20x	as long as short
KuCoin SKRUSDTM	+0.0100%	4h	0.02074	−0.082%	$686K	$1.6M	20x	as long as short
Bitget SKRUSDTshort	+0.0100%	4h	0.02075	−0.034%	$1.6M	$3.6M	20x

Show all 15 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX SKR-USDT	+0.0100%	4h	0.02073	−0.130%	—	$2.9M	—	as long as short
Backpack SKR_USDC_PERP	+0.0100%	1h	0.02078	+0.116%	$55K	$204K	5x	as long as short
SunX SKR-USDT	+0.0100%	4h	0.02075	−0.014%	$2K	$3.2M	20x	as long as short
HTX SKR-USDT	+0.0100%	4h	0.01985	−4.398%	$13K	$40K	20x	as long as short
Phoenix SKR	+0.0386%	1h	0.02070	−0.279%	$3K	$11K	3x	as long as short