Funding you earn now, next payment 01:00 UTC−0.0583%/8h= −63.9% APRpaid last 24h −0.014%
Price spread now: Binance against Backpack−0.005%7-day average −0.021% · you buy dearer than you sell
Net, funding: paid 7d − costs−$127as in the Funding arb table
Net, price: spread back to 7d avg − costs−$75as in the Price arb table
costs, in and out, $10k−$770.768% of the position
Funding, last 7 days−0.507%−$51 on $10k
+Price spread, last 4 days (all we have)+0.020%+$2 · spread now −0.005%, 7d avg −0.021%
=The price spread sits at its 7-day average of −0.021%, so right now this pair is about funding alone: −$17 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Backpack SKR_USDC_PERP | 0.02157 | 0.0683 | pay 0.0085% / 1h | 5m 54s | $54K | $196K | 5x |
| Short | Binance SKRUSDT | 0.02156 | 0.0100 | get 0.0050% / 4h | 3h 05m | $3.7M | $12.6M | 20x |
Backpack SKR_USDC_PERP
Binance SKRUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against Backpack. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$122.47
- Price spread: −0.005% → −0.021%
- $1.6
- Slippage, 4 orders
- −$56.78
- Fee Backpack: 5 bp × 2 orders
- −$10
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$197.66
- Costs to cover
- 0.768%
- Break-even
- never at this rate
Slippage from Backpack: live order book, 2 min ago; Binance: 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 Backpack live order book, 2 min ago | 3.01 bp | 14.8 bp −$15 | doesn't fit | doesn't fit | doesn't fit |
| Sell Binance live order book, 4 min ago | 0.93 bp | 21.8 bp −$22 | 127.9 bp −$1,279 | 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 | 0.02161 | +0.218% | $242K | $160K | 20x | as long as short |
| BingX SKR-USDT | +0.0070% | 4h | 0.02156 | −0.005% | — | $2.4M | — | as long as short |
| Lighter SKR | +0.0096% | 1h | 0.02154 | −0.102% | $9K | $22K | 3x | as long as short |
| Hyperliquid SKR | +0.0100% | 1h | 0.02158 | +0.079% | $1.4M | $717K | 3x | as long as short |
| Aster SKRUSDT | +0.0100% | 4h | 0.02155 | −0.078% | $27K | $32K | 5x | as long as short |
| Binance SKRUSDTshort | +0.0100% | 4h | 0.02156 | −0.005% | $3.7M | $12.6M | 20x | |
| Bybit SKRUSDT | +0.0100% | 4h | 0.02156 | −0.005% | $4.6M | $5.1M | 20x | as long as short |
| MEXC SKR_USDT | +0.0100% | 4h | 0.02157 | +0.014% | $4.5M | $467K | 20x | as long as short |
| KuCoin SKRUSDTM | +0.0100% | 4h | 0.02158 | +0.083% | $697K | $690K | 20x | as long as short |
| Bitget SKRUSDT | +0.0100% | 4h | 0.02158 | +0.060% | $1.5M | $1.2M | 20x | as long as short |
BloFin SKR-USDT
BingX SKR-USDT
Lighter SKR
Hyperliquid SKR
Aster SKRUSDT
Bybit SKRUSDT
MEXC SKR_USDT
KuCoin SKRUSDTM
Bitget SKRUSDTShow all 15 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| SunX SKR-USDT | +0.0100% | 4h | 0.02152 | −0.204% | $2K | $2.3M | 20x | as long as short |
| HTX SKR-USDT | +0.0100% | 4h | 0.02163 | +0.320% | $14K | $36K | 20x | as long as short |
| Gate SKR_USDT | +0.0162% | 4h | 0.02158 | +0.074% | $1.0M | $533K | 20x | as long as short |
| Backpack SKR_USDC_PERPlong | +0.0683% | 1h | 0.02157 | long leg | $54K | $196K | 5x | |
| Phoenix SKR | +0.1502% | 1h | 0.02162 | +0.236% | $4K | $10K | 3x | as long as short |
SunX SKR-USDT
HTX SKR-USDT
Gate SKR_USDT
Phoenix SKR