Funding arb · Price arb /

SKR

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h −0.001%

Price spread now: Lighter against Aster−0.252%7-day average — · you buy dearer than you sell

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

Long on Aster Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 6 days (all we have)—no history yet

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

Together, before fees—+ Points / potential airdropAster: Stage 5 · Lighter: 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: Lighter is 0.252% cheaper against Aster than usual: you would sell low and buy high, −$25 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	Aster SKRUSDT	0.02126	0.0100	pay 0.0050% / 4h	2h 30m	$26K	$111K	5x
Short	Lighter SKR	0.02121	0.0096	get 0.0012% / 1h	30m 44s	$8K	$23K	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against Aster. 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 AsterbpFee LighterbpOrdersPrice spread, now −0.252%Rate

Funding earned: −$0.84
Price spread: −0.252% → 0.000%: −$25.24
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee Lighter: 0 bp × 2 orders: $0
Net: −$34.08
Costs to cover: 0.080%
Break-even: never at this rate

Slippage unknown: Aster: live order book, 12 min ago; Lighter: no order-book sample. 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 Aster live order book, 12 min ago	6.31 bp	48.8 bp −$49	doesn't fit	doesn't fit	doesn't fit
Sell Lighter no order-book sample	—	—	—	—	—

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 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	−0.0472%	4h	0.02129	+0.138%	$278K	$166K	20x	as long as short
Hyperliquid SKR	−0.0389%	1h	0.02124	−0.093%	$1.4M	$1.3M	3x	as long as short
Bybit SKRUSDT	−0.0276%	4h	0.02131	+0.208%	$4.8M	$9.6M	20x	as long as short
Backpack SKR_USDC_PERP	−0.0183%	1h	0.02128	+0.096%	$56K	$203K	5x	as long as short
Lighter SKRshort	+0.0096%	1h	0.02121	−0.252%	$8K	$23K	3x
Aster SKRUSDTlong	+0.0100%	4h	0.02126	long leg	$26K	$111K	5x
Binance SKRUSDT	+0.0100%	4h	0.02130	+0.149%	$3.9M	$24.8M	20x	as long as short
Gate SKR_USDT	+0.0100%	4h	0.02129	+0.143%	$1.0M	$1.6M	20x	as long as short
MEXC SKR_USDT	+0.0100%	4h	0.02132	+0.284%	$5.1M	$811K	20x	as long as short
KuCoin SKRUSDTM	+0.0100%	4h	0.02129	+0.138%	$702K	$1.4M	20x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget SKRUSDT	+0.0100%	4h	0.02129	+0.129%	$1.6M	$3.3M	20x	as long as short
BingX SKR-USDT	+0.0100%	4h	0.02126	−0.036%	—	$2.7M	—	as long as short
SunX SKR-USDT	+0.0100%	4h	0.02125	−0.041%	$2K	$3.0M	20x	as long as short
HTX SKR-USDT	+0.0100%	4h	0.02131	+0.232%	$14K	$39K	20x	as long as short
Phoenix SKR	+0.0735%	1h	0.02174	+2.245%	$4K	$10K	3x	as long as short