Funding arb · Price arb /

SKR

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h +0.025%

Price spread now: KuCoin against Lighter+0.138%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Lighter Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropLighter: Season 3 · farm boardneeds both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: KuCoin is 0.138% dearer against Lighter than usual: you sell high and buy low, +$14 on $10k if it goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter SKR	0.02095	0.0096	pay 0.0012% / 1h	34m 01s	$9K	$21K	3x
Short	KuCoin SKRUSDTM	0.02098	0.0100	get 0.0050% / 4h	2h 34m	$662K	$715K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against Lighter. 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 LighterbpFee KuCoinbpOrdersPrice spread, now +0.138%Rate

Funding earned: $0.84
Price spread: +0.138% → 0.000%: $13.84
Slippage, 4 orders: no order book: not counted
Fee Lighter: 0 bp × 2 orders: $0
Fee KuCoin: 6 bp × 2 orders: −$12
Net: $2.68
Costs to cover: 0.120%
Break-even: from the start

Slippage unknown: Lighter: no order-book sample; KuCoin: live order book, 5 min ago. Net counts fees only.

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 Lighter no order-book sample	—	—	—	—	—
Sell KuCoin live order book, 5 min ago	6.88 bp	306.0 bp −$306	doesn't fit	doesn't fit	doesn't fit

Lighter: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

SKR on 14 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
Lighter SKRlong	+0.0096%	1h	0.02095	long leg	$9K	$21K	3x
Hyperliquid SKR	+0.0100%	1h	0.02100	+0.220%	$1.3M	$789K	3x	as long as short
Aster SKRUSDT	+0.0100%	4h	0.02100	+0.242%	$28K	$33K	5x	as long as short
Binance SKRUSDT	+0.0100%	4h	0.02099	+0.191%	$3.6M	$12.9M	20x	as long as short
Bybit SKRUSDT	+0.0100%	4h	0.02098	+0.138%	$4.5M	$5.2M	20x	as long as short
Gate SKR_USDT	+0.0100%	4h	0.02099	+0.210%	$1.0M	$542K	20x	as long as short
MEXC SKR_USDT	+0.0100%	4h	0.02098	+0.119%	$4.3M	$469K	20x	as long as short
KuCoin SKRUSDTMshort	+0.0100%	4h	0.02098	+0.138%	$662K	$715K	20x
Bitget SKRUSDT	+0.0100%	4h	0.02098	+0.138%	$1.5M	$1.2M	20x	as long as short
BingX SKR-USDT	+0.0100%	4h	0.02099	+0.177%	—	$2.4M	—	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX SKR-USDT	+0.0100%	4h	0.02094	−0.067%	$1K	$2.3M	20x	as long as short
HTX SKR-USDT	+0.0100%	4h	0.02109	+0.663%	$14K	$36K	20x	as long as short
Backpack SKR_USDC_PERP	+0.0157%	1h	0.02098	+0.138%	$50K	$199K	5x	as long as short
Phoenix SKR	+0.0743%	1h	0.02108	+0.640%	$4K	$10K	3x	as long as short