Funding arb · Price arb /

SKR

all SKR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Bitget against Binance+0.438%7-day average −0.026% · you sell dearer than you buy

Net, funding: paid 7d − costs−$203as in the Funding arb table

Net, price: spread back to 7d avg − costs−$157as in the Price arb table

costs, in and out, $10k−$2032.033% of the position

Long on Binance Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days0.000%$0 on $10k

Price spread, last 7 days−0.512%−$51 · spread now +0.438%, 7d avg −0.026%

Together, before fees−0.512%−$51 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: Bitget is 0.464% dearer against Binance than usual: you sell high and buy low, +$46 on $10k if it goes back to its 7-day average of −0.026%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance SKRUSDT	0.02187	0.0100	pay 0.0050% / 4h	2h 34m	$4.1M	$24.0M	20x
Short	Bitget SKRUSDT	0.02197	0.0100	get 0.0050% / 4h	2h 34m	$1.7M	$3.2M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against Binance. 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 BinancebpFee BitgetbpOrdersPrice spread, now +0.438%Rate

Funding earned: $0
Price spread: +0.438% → −0.026%: $46.43
Slippage, 4 orders: −$181.34
Fee Binance: 5 bp × 2 orders: −$10
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$156.91
Costs to cover: 2.033%
Break-even: never at this rate

Slippage from Binance: live order book, 6 min ago; Bitget: live order book, 3 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 Binance live order book, 6 min ago	3.94 bp	16.5 bp −$17	134.3 bp −$1,343	doesn't fit	doesn't fit
Sell Bitget live order book, 3 min ago	10.36 bp	99.9 bp −$100	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	−0.0317%	4h	0.02206	+0.859%	$274K	$172K	20x	as long as short
Hyperliquid SKR	−0.0257%	1h	0.02198	+0.507%	$1.4M	$1.3M	3x	as long as short
Bybit SKRUSDT	−0.0214%	4h	0.02192	+0.228%	$5.1M	$9.0M	20x	as long as short
Lighter SKR	+0.0096%	1h	0.02196	+0.402%	$8K	$23K	3x	as long as short
Aster SKRUSDT	+0.0100%	4h	0.02194	+0.290%	$26K	$109K	5x	as long as short
Binance SKRUSDTlong	+0.0100%	4h	0.02187	long leg	$4.1M	$24.0M	20x
Gate SKR_USDT	+0.0100%	4h	0.02197	+0.425%	$1.1M	$1.5M	20x	as long as short
MEXC SKR_USDT	+0.0100%	4h	0.02198	+0.498%	$5.2M	$781K	20x	as long as short
KuCoin SKRUSDTM	+0.0100%	4h	0.02195	+0.347%	$726K	$1.3M	20x	as long as short
Bitget SKRUSDTshort	+0.0100%	4h	0.02197	+0.438%	$1.7M	$3.2M	20x

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX SKR-USDT	+0.0100%	4h	0.02195	+0.365%	—	$2.7M	—	as long as short
Backpack SKR_USDC_PERP	+0.0100%	1h	0.02202	+0.663%	$58K	$201K	5x	as long as short
SunX SKR-USDT	+0.0100%	4h	0.02201	+0.635%	$1K	$2.9M	20x	as long as short
HTX SKR-USDT	+0.0100%	4h	0.02248	+2.779%	$15K	$39K	20x	as long as short
Phoenix SKR	+0.0735%	1h	0.02222	+1.595%	$4K	$10K	3x	as long as short