Funding arb · Price arb /

SKR

all SKR markets

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: MEXC against KuCoin−0.019%7-day average −0.077% · you buy dearer than you sell

Net, funding: paid 7d − costs−$498as in the Funding arb table

Net, price: spread back to 7d avg − costs−$478as in the Price arb table

costs, in and out, $10k−$4844.842% of the position

Long on KuCoin Short on MEXC

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)−0.116%−$12 · spread now −0.019%, 7d avg −0.077%

Together, before fees−0.250%−$25 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 0.058% dearer against KuCoin than usual: you sell high and buy low, +$6 on $10k if it goes back to its 7-day average of −0.077%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin SKRUSDTM	0.02107	0.0100	pay 0.0050% / 4h	2h 36m	$666K	$714K	20x
Short	MEXC SKR_USDT	0.02107	0.0100	get 0.0050% / 4h	2h 36m	$4.4M	$468K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now −0.019%Rate

Funding earned: $0
Price spread: −0.019% → −0.077%: $5.77
Slippage, 4 orders: −$468.21
Fee KuCoin: 6 bp × 2 orders: −$12
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$478.44
Costs to cover: 4.842%
Break-even: never at this rate

Slippage from KuCoin: live order book, 2 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 KuCoin live order book, 2 min ago	6.88 bp	162.0 bp −$162	doesn't fit	doesn't fit	doesn't fit
Sell MEXC live order book, 5 min ago	1.64 bp	7.9 bp −$8	38.3 bp −$383	296.5 bp −$29.6K	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	0.02128	+0.987%	$243K	$163K	20x	as long as short
Lighter SKR	+0.0096%	1h	0.02102	−0.233%	$9K	$21K	3x	as long as short
Hyperliquid SKR	+0.0100%	1h	0.02108	+0.062%	$1.3M	$788K	3x	as long as short
Aster SKRUSDT	+0.0100%	4h	0.02104	−0.126%	$28K	$33K	5x	as long as short
Binance SKRUSDT	+0.0100%	4h	0.02107	−0.014%	$3.6M	$12.9M	20x	as long as short
Bybit SKRUSDT	+0.0100%	4h	0.02107	−0.028%	$4.5M	$5.1M	20x	as long as short
Gate SKR_USDT	+0.0100%	4h	0.02107	−0.024%	$1.0M	$542K	20x	as long as short
MEXC SKR_USDTshort	+0.0100%	4h	0.02107	−0.019%	$4.4M	$468K	20x
KuCoin SKRUSDTMlong	+0.0100%	4h	0.02107	long leg	$666K	$714K	20x
Bitget SKRUSDT	+0.0100%	4h	0.02107	0.000%	$1.5M	$1.2M	20x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX SKR-USDT	+0.0100%	4h	0.02108	+0.033%	—	$2.4M	—	as long as short
SunX SKR-USDT	+0.0100%	4h	0.02102	−0.233%	$2K	$2.3M	20x	as long as short
HTX SKR-USDT	+0.0100%	4h	0.02109	+0.085%	$14K	$36K	20x	as long as short
Backpack SKR_USDC_PERP	+0.0219%	1h	0.02106	−0.047%	$50K	$199K	5x	as long as short
Phoenix SKR	+0.0743%	1h	0.02141	+1.614%	$4K	$10K	3x	as long as short