Funding arb · Price arb /

SKR

all SKR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.001%

Price spread now: Gate against SunX+0.193%7-day average +0.115% · you sell dearer than you buy

Net, funding: paid 7d − costs−$339as in the Funding arb table

Net, price: spread back to 7d avg − costs−$331as in the Price arb table

costs, in and out, $10k−$3393.392% of the position

Long on SunX Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days+0.001%$0 on $10k

Price spread, last 4 days (all we have)+0.812%+$81 · spread now +0.193%, 7d avg +0.115%

Together, before fees+0.813%+$81 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: Gate is 0.078% dearer against SunX than usual: you sell high and buy low, +$8 on $10k if it goes back to its 7-day average of +0.115%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX SKR-USDT	0.02123	0.0100	pay 0.0050% / 4h	3h 30m	$2K	$3.2M	20x
Short	Gate SKR_USDT	0.02127	0.0100	get 0.0050% / 4h	3h 30m	$1.0M	$1.7M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against SunX. 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 SunXbpFee GatebpOrdersPrice spread, now +0.193%Rate

Funding earned: $0
Price spread: +0.193% → +0.115%: $7.83
Slippage, 4 orders: −$316.16
Fee SunX: 4 bp × 2 orders: −$8
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$331.33
Costs to cover: 3.392%
Break-even: never at this rate

Slippage from SunX: live order book, 8 min ago; Gate: live order book, 2 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 SunX live order book, 8 min ago	31.62 bp	102.0 bp −$102	doesn't fit	doesn't fit	doesn't fit
Sell Gate live order book, 2 min ago	6.83 bp	89.2 bp −$89	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	0.02132	+0.462%	$239K	$168K	20x	as long as short
Lighter SKR	+0.0096%	1h	0.02126	+0.146%	$8K	$26K	3x	as long as short
Hyperliquid SKR	+0.0100%	1h	0.02128	+0.250%	$1.3M	$1.4M	3x	as long as short
Aster SKRUSDT	+0.0100%	4h	0.02126	+0.144%	$26K	$122K	5x	as long as short
Binance SKRUSDT	+0.0100%	4h	0.02126	+0.164%	$3.7M	$28.1M	20x	as long as short
Bybit SKRUSDT	+0.0100%	4h	0.02126	+0.174%	$4.7M	$10.8M	20x	as long as short
Gate SKR_USDTshort	+0.0100%	4h	0.02127	+0.193%	$1.0M	$1.7M	20x
MEXC SKR_USDT	+0.0100%	4h	0.02125	+0.118%	$5.1M	$815K	20x	as long as short
KuCoin SKRUSDTM	+0.0100%	4h	0.02125	+0.127%	$844K	$1.5M	20x	as long as short
Bitget SKRUSDT	+0.0100%	4h	0.02129	+0.311%	$1.6M	$3.6M	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	0.02129	+0.292%	—	$2.8M	—	as long as short
Backpack SKR_USDC_PERP	+0.0100%	1h	0.02129	+0.306%	$55K	$211K	5x	as long as short
SunX SKR-USDTlong	+0.0100%	4h	0.02123	long leg	$2K	$3.2M	20x
HTX SKR-USDT	+0.0100%	4h	0.02130	+0.358%	$14K	$40K	20x	as long as short
Phoenix SKR	+0.0380%	1h	0.02145	+1.065%	$4K	$10K	3x	as long as short