SKR

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0686%/8h= −75.1% APRnext payment −$0.86 per $10,000 · paid last 24h −0.028%

Price spread now: Lighter against Backpack−0.124%7-day average — · you buy dearer than you sell

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

Long on Backpack 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 airdropLighter: Season 3 · farm boardneeds both histories

Both sides work against this trade now: funding costs −$21 a day on $10k at the current rate, and Lighter is 0.124% cheaper against Backpack than usual: you would sell low and buy high (−$12 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Backpack SKR_USDC_PERP	0.02177	0.0782	pay 0.0098% / 1h	27m 58s	$52K	$165K	5x
Short	Lighter SKR	0.02175	0.0096	get 0.0012% / 1h	27m 58s	$9K	$20K	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against Backpack. 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 BackpackbpFee LighterbpOrdersPrice spread, now −0.124%Rate

Funding earned: −$144.08
Price spread: −0.124% → 0.000%: −$12.4
Slippage, 4 orders: no order book: not counted
Fee Backpack: 5 bp × 2 orders: −$10
Fee Lighter: 0 bp × 2 orders: $0
Net: −$166.48
Costs to cover: 0.100%
Break-even: never at this rate

Slippage unknown: Backpack: live order book, 25 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 Backpack live order book, 25 min ago	2.09 bp	12.3 bp −$12	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	−0.0140%	4h	0.02173	−0.193%	$242K	$173K	20x	as long as short
BingX SKR-USDT	+0.0070%	4h	0.02179	+0.087%	—	$2.4M	—	as long as short
Lighter SKRshort	+0.0096%	1h	0.02175	−0.124%	$9K	$20K	3x
Hyperliquid SKR	+0.0100%	1h	0.02178	+0.055%	$1.4M	$816K	3x	as long as short
Aster SKRUSDT	+0.0100%	4h	0.02176	−0.050%	$29K	$38K	5x	as long as short
Binance SKRUSDT	+0.0100%	4h	0.02178	+0.052%	$3.7M	$13.8M	20x	as long as short
MEXC SKR_USDT	+0.0100%	4h	0.02178	+0.037%	$4.5M	$479K	20x	as long as short
KuCoin SKRUSDTM	+0.0100%	4h	0.02176	−0.046%	$665K	$736K	20x	as long as short
Bitget SKRUSDT	+0.0100%	4h	0.02176	−0.064%	$1.6M	$1.4M	20x	as long as short
SunX SKR-USDT	+0.0100%	4h	0.02173	−0.184%	$2K	$2.3M	20x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX SKR-USDT	+0.0100%	4h	0.02180	+0.110%	$14K	$34K	20x	as long as short
Bybit SKRUSDT	+0.0229%	4h	0.02177	−0.028%	$4.6M	$5.4M	20x	as long as short
Gate SKR_USDT	+0.0502%	4h	0.02177	−0.018%	$1.1M	$575K	20x	as long as short
Phoenix SKR	+0.0747%	1h	0.02173	−0.216%	$4K	$10K	3x	as long as short
Backpack SKR_USDC_PERPlong	+0.0782%	1h	0.02177	long leg	$52K	$165K	5x