Funding arb · Price arb /

SKR

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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 Gate+0.014%7-day average +0.109% · you sell dearer than you buy

Net, funding: paid 7d − costs−$624as in the Funding arb table

Net, price: spread back to 7d avg − costs−$647as in the Price arb table

costs, in and out, $10k−$6376.370% of the position

Long on Gate 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)+0.136%+$14 · spread now +0.014%, 7d avg +0.109%

Together, before fees+0.270%+$27 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 0.095% cheaper against Gate than usual: you would sell low and buy high, −$9 on $10k if it goes back to its 7-day average of +0.109%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate SKR_USDT	0.02147	0.0100	pay 0.0050% / 4h	3h 25m	$1.0M	$530K	20x
Short	KuCoin SKRUSDTM	0.02147	0.0100	get 0.0050% / 4h	3h 25m	$695K	$689K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now +0.014%Rate

Funding earned: $0
Price spread: +0.014% → +0.109%: −$9.49
Slippage, 4 orders: −$610.02
Fee Gate: 7.5 bp × 2 orders: −$15
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$646.51
Costs to cover: 6.370%
Break-even: never at this rate

Slippage from Gate: live order book, 2 min ago; KuCoin: live order book, 28 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	7.72 bp	89.4 bp −$89	doesn't fit	doesn't fit	doesn't fit
Sell KuCoin live order book, 28 min ago	7.57 bp	299.6 bp −$300	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	−0.0140%	4h	0.02152	+0.252%	$240K	$159K	20x	as long as short
BingX SKR-USDT	+0.0070%	4h	0.02149	+0.093%	—	$2.4M	—	as long as short
Lighter SKR	+0.0096%	1h	0.02144	−0.102%	$9K	$22K	3x	as long as short
Hyperliquid SKR	+0.0100%	1h	0.02150	+0.140%	$1.4M	$720K	3x	as long as short
Aster SKRUSDT	+0.0100%	4h	0.02146	−0.021%	$27K	$32K	5x	as long as short
Binance SKRUSDT	+0.0100%	4h	0.02148	+0.075%	$3.7M	$12.5M	20x	as long as short
Bybit SKRUSDT	+0.0100%	4h	0.02148	+0.061%	$4.6M	$5.0M	20x	as long as short
Gate SKR_USDTlong	+0.0100%	4h	0.02147	long leg	$1.0M	$530K	20x
MEXC SKR_USDT	+0.0100%	4h	0.02150	+0.140%	$4.4M	$464K	20x	as long as short
KuCoin SKRUSDTMshort	+0.0100%	4h	0.02147	+0.014%	$695K	$689K	20x

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget SKRUSDT	+0.0100%	4h	0.02150	+0.158%	$1.5M	$1.2M	20x	as long as short
SunX SKR-USDT	+0.0100%	4h	0.02145	−0.075%	$2K	$2.3M	20x	as long as short
HTX SKR-USDT	+0.0100%	4h	0.02117	−1.370%	$14K	$36K	20x	as long as short
Backpack SKR_USDC_PERP	+0.0584%	1h	0.02149	+0.107%	$54K	$196K	5x	as long as short
Phoenix SKR	+0.1502%	1h	0.02137	−0.457%	$4K	$10K	3x	as long as short