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: KuCoin against MEXC+0.023%7-day average +0.074% · you sell dearer than you buy

Net, funding: paid 7d − costs−$265as in the Funding arb table

Net, price: spread back to 7d avg − costs−$283as in the Price arb table

costs, in and out, $10k−$2782.781% of the position

Long on MEXC 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)+0.071%+$7 · spread now +0.023%, 7d avg +0.074%

Together, before fees+0.204%+$20 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 0.051% cheaper against MEXC than usual: you would sell low and buy high, −$5 on $10k if it goes back to its 7-day average of +0.074%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC SKR_USDT	0.02150	0.0100	pay 0.0050% / 4h	10m 04s	$4.5M	$489K	20x
Short	KuCoin SKRUSDTM	0.02151	0.0100	get 0.0050% / 4h	10m 04s	$663K	$730K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now +0.023%Rate

Funding earned: $0
Price spread: +0.023% → +0.074%: −$5.11
Slippage, 4 orders: −$262.11
Fee MEXC: 2 bp × 2 orders: −$4
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$283.22
Costs to cover: 2.781%
Break-even: never at this rate

Slippage from MEXC: live order book, 2 min ago; KuCoin: live order book, 4 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, 2 min ago	1.17 bp	7.9 bp −$8	49.0 bp −$490	234.2 bp −$23.4K	doesn't fit
Sell KuCoin live order book, 4 min ago	9.84 bp	129.4 bp −$129	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	0.02135	−0.702%	$235K	$169K	20x	as long as short
BingX SKR-USDT	+0.0070%	4h	0.02154	+0.181%	—	$2.4M	—	as long as short
Lighter SKR	+0.0096%	1h	0.02148	−0.121%	$9K	$20K	3x	as long as short
Hyperliquid SKR	+0.0100%	1h	0.02155	+0.209%	$1.4M	$817K	3x	as long as short
Aster SKRUSDT	+0.0100%	4h	0.02148	−0.126%	$29K	$38K	5x	as long as short
Binance SKRUSDT	+0.0100%	4h	0.02154	+0.163%	$3.7M	$13.6M	20x	as long as short
Bybit SKRUSDT	+0.0100%	4h	0.02151	+0.042%	$4.6M	$5.4M	20x	as long as short
Gate SKR_USDT	+0.0100%	4h	0.02152	+0.074%	$1.0M	$571K	20x	as long as short
MEXC SKR_USDTlong	+0.0100%	4h	0.02150	long leg	$4.5M	$489K	20x
KuCoin SKRUSDTMshort	+0.0100%	4h	0.02151	+0.023%	$663K	$730K	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	−0.014%	$1.5M	$1.3M	20x	as long as short
SunX SKR-USDT	+0.0100%	4h	0.02148	−0.116%	$2K	$2.3M	20x	as long as short
HTX SKR-USDT	+0.0100%	4h	0.02149	−0.079%	$14K	$35K	20x	as long as short
Phoenix SKR	+0.1165%	1h	0.02134	−0.763%	$4K	$10K	3x	as long as short
Backpack SKR_USDC_PERP	+0.1216%	1h	0.02151	+0.056%	$54K	$184K	5x	as long as short