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 0.000%

Price spread now: Bitget against MEXC−0.096%7-day average −0.018% · you buy dearer than you sell

Net, funding: paid 7d − costs−$130as in the Funding arb table

Net, price: spread back to 7d avg − costs−$138as in the Price arb table

costs, in and out, $10k−$1301.305% of the position

Long on MEXC Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days0.000%$0 on $10k

Price spread, last 7 days+0.055%+$6 · spread now −0.096%, 7d avg −0.018%

Together, before fees+0.055%+$6 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 0.078% cheaper against MEXC than usual: you would sell low and buy high, −$8 on $10k if it goes back to its 7-day average of −0.018%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC SKR_USDT	0.02609	0.0100	pay 0.0050% / 4h	2h 50m	$5.6M	$568K	20x
Short	Bitget SKRUSDT	0.02606	0.0100	get 0.0050% / 4h	2h 50m	$2.0M	$2.1M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against MEXC. 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 MEXCbpFee BitgetbpOrdersPrice spread, now −0.096%Rate

Funding earned: $0
Price spread: −0.096% → −0.018%: −$7.79
Slippage, 4 orders: −$114.45
Fee MEXC: 2 bp × 2 orders: −$4
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$138.24
Costs to cover: 1.305%
Break-even: never at this rate

Slippage from MEXC: live order book, 7 min ago; Bitget: live order book, 7 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 MEXC live order book, 7 min ago	2.51 bp	8.3 bp −$8	44.2 bp −$442	316.0 bp −$31.6K	doesn't fit
Sell Bitget live order book, 7 min ago	6.13 bp	52.2 bp −$52	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	0.02585	−0.897%	$275K	$197K	20x	as long as short
Lighter SKR	+0.0096%	1h	0.02600	−0.326%	$11K	$19K	3x	as long as short
Binance SKRUSDT	+0.0100%	4h	0.02603	−0.233%	$5.4M	$18.6M	20x	as long as short
Bybit SKRUSDT	+0.0100%	4h	0.02611	+0.069%	$5.8M	$6.8M	20x	as long as short
MEXC SKR_USDTlong	+0.0100%	4h	0.02609	long leg	$5.6M	$568K	20x
KuCoin SKRUSDTM	+0.0100%	4h	0.02590	−0.705%	$860K	$1.0M	20x	as long as short
Bitget SKRUSDTshort	+0.0100%	4h	0.02606	−0.096%	$2.0M	$2.1M	20x
BingX SKR-USDT	+0.0100%	4h	0.02584	−0.962%	—	$2.6M	—	as long as short
SunX SKR-USDT	+0.0100%	4h	0.02596	−0.491%	$2K	$2.6M	20x	as long as short
HTX SKR-USDT	+0.0100%	4h	0.02582	−1.012%	$16K	$36K	20x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate SKR_USDT	+0.0232%	4h	0.02590	−0.705%	$1.3M	$999K	20x	as long as short
Aster SKRUSDT	+0.0291%	4h	0.02602	−0.261%	$36K	$86K	5x	as long as short
Hyperliquid SKR	+0.0445%	1h	0.02592	−0.659%	$1.7M	$1.0M	3x	as long as short
Phoenix SKR	+0.0735%	1h	0.02341	−10.273%	$4K	$10K	3x	as long as short
Backpack SKR_USDC_PERP	+0.2198%	1h	0.02581	−1.085%	$60K	$184K	5x	as long as short