Funding arb · Price arb /

SKR

all SKR markets

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 0.000%

Price spread now: Gate against Binance−0.103%7-day average −0.035% · you buy dearer than you sell

Net, funding: paid 7d − costs−$232as in the Funding arb table

Net, price: spread back to 7d avg − costs−$239as in the Price arb table

costs, in and out, $10k−$2322.320% of the position

Long on Binance Short on Gate

What this pair did over the last

the charts below follow

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

Price spread, last 4 days (all we have)+0.034%+$3 · spread now −0.103%, 7d avg −0.035%

Together, before fees+0.034%+$3 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: Gate is 0.067% cheaper against Binance than usual: you would sell low and buy high, −$7 on $10k if it goes back to its 7-day average of −0.035%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance SKRUSDT	0.02133	0.0100	pay 0.0050% / 4h	2h 48m	$3.7M	$12.8M	20x
Short	Gate SKR_USDT	0.02130	0.0100	get 0.0050% / 4h	2h 48m	$1.0M	$536K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now −0.103%Rate

Funding earned: $0
Price spread: −0.103% → −0.035%: −$6.74
Slippage, 4 orders: −$207.04
Fee Binance: 5 bp × 2 orders: −$10
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$238.78
Costs to cover: 2.320%
Break-even: never at this rate

Slippage from Binance: live order book, 7 min ago; Gate: 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 Binance live order book, 7 min ago	1.40 bp	27.2 bp −$27	149.4 bp −$1,494	doesn't fit	doesn't fit
Sell Gate live order book, 4 min ago	4.70 bp	94.6 bp −$95	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	0.02128	−0.220%	$243K	$163K	20x	as long as short
Lighter SKR	+0.0096%	1h	0.02129	−0.178%	$9K	$21K	3x	as long as short
Aster SKRUSDT	+0.0100%	4h	0.02129	−0.191%	$29K	$33K	5x	as long as short
Binance SKRUSDTlong	+0.0100%	4h	0.02133	long leg	$3.7M	$12.8M	20x
Bybit SKRUSDT	+0.0100%	4h	0.02132	−0.032%	$4.6M	$5.1M	20x	as long as short
Gate SKR_USDTshort	+0.0100%	4h	0.02130	−0.103%	$1.0M	$536K	20x
MEXC SKR_USDT	+0.0100%	4h	0.02132	−0.051%	$4.4M	$462K	20x	as long as short
KuCoin SKRUSDTM	+0.0100%	4h	0.02130	−0.117%	$690K	$700K	20x	as long as short
Bitget SKRUSDT	+0.0100%	4h	0.02132	−0.018%	$1.5M	$1.2M	20x	as long as short
BingX SKR-USDT	+0.0100%	4h	0.02133	+0.029%	—	$2.4M	—	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX SKR-USDT	+0.0100%	4h	0.02130	−0.131%	$1K	$2.3M	20x	as long as short
HTX SKR-USDT	+0.0100%	4h	0.02127	−0.281%	$14K	$36K	20x	as long as short
Hyperliquid SKR	+0.0112%	1h	0.02133	+0.029%	$1.4M	$786K	3x	as long as short
Backpack SKR_USDC_PERP	+0.0279%	1h	0.02132	−0.042%	$51K	$200K	5x	as long as short
Phoenix SKR	+0.0743%	1h	0.02131	−0.065%	$4K	$10K	3x	as long as short