Funding arb · Price arb /

SKR

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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 SunX+0.295%7-day average +0.223% · you sell dearer than you buy

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

Long on SunX 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 3 days (all we have)+0.112%+$11 · spread now +0.295%, 7d avg +0.223%

Together, before fees+0.245%+$24 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 0.072% dearer against SunX than usual: you sell high and buy low, +$7 on $10k if it goes back to its 7-day average of +0.223%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX SKR-USDT	0.02099	0.0100	pay 0.0050% / 4h	3h 47m	$1K	$2.3M	20x
Short	KuCoin SKRUSDTM	0.02105	0.0100	get 0.0050% / 4h	3h 47m	$681K	$685K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now +0.295%Rate

Funding earned: $0
Price spread: +0.295% → +0.223%: $7.24
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$12.76
Costs to cover: 0.200%
Break-even: never at this rate

Slippage unknown: SunX: live order book, 9 min ago; KuCoin: live order book, 6 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 SunX live order book, 9 min ago	500.26 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell KuCoin live order book, 6 min ago	7.57 bp	299.6 bp −$300	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	0.02105	+0.295%	$237K	$155K	20x	as long as short
BingX SKR-USDT	+0.0070%	4h	0.02102	+0.148%	—	$2.4M	—	as long as short
Lighter SKR	+0.0096%	1h	0.02096	−0.119%	$9K	$22K	3x	as long as short
Hyperliquid SKR	+0.0100%	1h	0.02103	+0.195%	$1.3M	$723K	3x	as long as short
Aster SKRUSDT	+0.0100%	4h	0.02103	+0.198%	$26K	$32K	5x	as long as short
Binance SKRUSDT	+0.0100%	4h	0.02100	+0.077%	$3.6M	$12.4M	20x	as long as short
Bybit SKRUSDT	+0.0100%	4h	0.02097	−0.057%	$4.5M	$5.0M	20x	as long as short
Gate SKR_USDT	+0.0100%	4h	0.02104	+0.257%	$1.0M	$526K	20x	as long as short
MEXC SKR_USDT	+0.0100%	4h	0.02102	+0.191%	$4.3M	$462K	20x	as long as short
KuCoin SKRUSDTMshort	+0.0100%	4h	0.02105	+0.295%	$681K	$685K	20x

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget SKRUSDT	+0.0100%	4h	0.02100	+0.076%	$1.5M	$1.2M	20x	as long as short
SunX SKR-USDTlong	+0.0100%	4h	0.02099	long leg	$1K	$2.3M	20x
HTX SKR-USDT	+0.0100%	4h	0.02104	+0.262%	$14K	$36K	20x	as long as short
Backpack SKR_USDC_PERP	+0.0560%	1h	0.02104	+0.267%	$52K	$201K	5x	as long as short
Phoenix SKR	+0.1502%	1h	0.02107	+0.405%	$4K	$10K	3x	as long as short