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 −0.017%

Price spread now: Binance against KuCoin+0.322%7-day average −0.070% · you sell dearer than you buy

Net, funding: paid 7d − costs−$359as in the Funding arb table

Net, price: spread back to 7d avg − costs−$307as in the Price arb table

costs, in and out, $10k−$3463.458% of the position

Long on KuCoin Short on Binance

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)−0.364%−$36 · spread now +0.322%, 7d avg −0.070%

Together, before fees−0.497%−$50 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 0.392% dearer against KuCoin than usual: you sell high and buy low, +$39 on $10k if it goes back to its 7-day average of −0.070%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin SKRUSDTM	0.02274	0.0100	pay 0.0050% / 4h	2h 45m	$781K	$1.3M	20x
Short	Binance SKRUSDT	0.02281	0.0100	get 0.0050% / 4h	2h 45m	$4.5M	$22.4M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against KuCoin. 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 KuCoinbpFee BinancebpOrdersPrice spread, now +0.322%Rate

Funding earned: $0
Price spread: +0.322% → −0.070%: $39.18
Slippage, 4 orders: −$323.82
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Binance: 5 bp × 2 orders: −$10
Net: −$306.64
Costs to cover: 3.458%
Break-even: never at this rate

Slippage from KuCoin: live order book, 24 min ago; Binance: live order book, 25 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 KuCoin live order book, 24 min ago	7.87 bp	131.1 bp −$131	doesn't fit	doesn't fit	doesn't fit
Sell Binance live order book, 25 min ago	1.16 bp	25.7 bp −$26	134.4 bp −$1,344	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	0.02286	+0.519%	$303K	$176K	20x	as long as short
Lighter SKR	−0.0016%	1h	0.02272	−0.092%	$9K	$23K	3x	as long as short
Hyperliquid SKR	+0.0100%	1h	0.02283	+0.400%	$1.5M	$1.3M	3x	as long as short
Binance SKRUSDTshort	+0.0100%	4h	0.02281	+0.322%	$4.5M	$22.4M	20x
Bybit SKRUSDT	+0.0100%	4h	0.02284	+0.444%	$5.4M	$8.5M	20x	as long as short
Gate SKR_USDT	+0.0100%	4h	0.02289	+0.651%	$1.1M	$1.4M	20x	as long as short
MEXC SKR_USDT	+0.0100%	4h	0.02285	+0.488%	$5.3M	$742K	20x	as long as short
KuCoin SKRUSDTMlong	+0.0100%	4h	0.02274	long leg	$781K	$1.3M	20x
Bitget SKRUSDT	+0.0100%	4h	0.02284	+0.449%	$1.7M	$3.0M	20x	as long as short
BingX SKR-USDT	+0.0100%	4h	0.02285	+0.497%	—	$2.7M	—	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	0.02263	−0.493%	$2K	$2.7M	20x	as long as short
HTX SKR-USDT	+0.0100%	4h	0.02248	−1.130%	$15K	$39K	20x	as long as short
Aster SKRUSDT	+0.0118%	4h	0.02286	+0.528%	$32K	$104K	5x	as long as short
Backpack SKR_USDC_PERP	+0.0539%	1h	0.02280	+0.273%	$57K	$196K	5x	as long as short
Phoenix SKR	+0.0735%	1h	0.02247	−1.178%	$4K	$10K	3x	as long as short