Funding arb · Price arb /

SKR

all SKR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.004%

Price spread now: KuCoin against Binance−0.035%7-day average +0.067% · you buy dearer than you sell

Net, funding: paid 7d − costs−$488as in the Funding arb table

Net, price: spread back to 7d avg − costs−$511as in the Price arb table

costs, in and out, $10k−$5015.010% of the position

Long on Binance Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.133%+$13 on $10k

Price spread, last 4 days (all we have)−0.116%−$12 · spread now −0.035%, 7d avg +0.067%

Together, before fees+0.016%+$2 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: KuCoin is 0.102% cheaper against Binance than usual: you would sell low and buy high, −$10 on $10k if it goes back to its 7-day average of +0.067%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance SKRUSDT	0.02109	0.0100	pay 0.0050% / 4h	2h 57m	$3.7M	$28.3M	20x
Short	KuCoin SKRUSDTM	0.02109	0.0100	get 0.0050% / 4h	2h 57m	$704K	$1.6M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now −0.035%Rate

Funding earned: $0
Price spread: −0.035% → +0.067%: −$10.23
Slippage, 4 orders: −$478.95
Fee Binance: 5 bp × 2 orders: −$10
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$511.18
Costs to cover: 5.010%
Break-even: never at this rate

Slippage from Binance: live order book, 14 min ago; KuCoin: live order book, 8 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, 14 min ago	0.71 bp	33.8 bp −$34	193.9 bp −$1,939	doesn't fit	doesn't fit
Sell KuCoin live order book, 8 min ago	8.98 bp	183.8 bp −$184	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	0.02109	−0.030%	$236K	$165K	20x	as long as short
Lighter SKR	+0.0096%	1h	0.02109	−0.002%	$8K	$26K	3x	as long as short
Hyperliquid SKR	+0.0100%	1h	0.02111	+0.060%	$1.3M	$1.5M	3x	as long as short
Aster SKRUSDT	+0.0100%	4h	0.02109	−0.013%	$26K	$122K	5x	as long as short
Binance SKRUSDTlong	+0.0100%	4h	0.02109	long leg	$3.7M	$28.3M	20x
Bybit SKRUSDT	+0.0100%	4h	0.02110	+0.017%	$4.6M	$10.9M	20x	as long as short
Gate SKR_USDT	+0.0100%	4h	0.02110	+0.036%	$991K	$1.7M	20x	as long as short
MEXC SKR_USDT	+0.0100%	4h	0.02109	−0.026%	$5.0M	$805K	20x	as long as short
KuCoin SKRUSDTMshort	+0.0100%	4h	0.02109	−0.035%	$704K	$1.6M	20x
Bitget SKRUSDT	+0.0100%	4h	0.02111	+0.098%	$1.6M	$3.6M	20x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX SKR-USDT	+0.0100%	4h	0.02110	+0.050%	—	$2.8M	—	as long as short
Backpack SKR_USDC_PERP	+0.0100%	1h	0.02108	−0.064%	$52K	$204K	5x	as long as short
SunX SKR-USDT	+0.0100%	4h	0.02103	−0.305%	$2K	$3.2M	20x	as long as short
HTX SKR-USDT	+0.0100%	4h	0.02106	−0.154%	$14K	$40K	20x	as long as short
Phoenix SKR	+0.0380%	1h	0.02114	+0.197%	$4K	$10K	3x	as long as short