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: MEXC against Binance+0.050%7-day average −0.012% · you sell dearer than you buy

Net, funding: paid 7d − costs−$62as in the Funding arb table

Net, price: spread back to 7d avg − costs−$56as in the Price arb table

costs, in and out, $10k−$620.623% of the position

Long on Binance Short on MEXC

What this pair did over the last

the charts below follow

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

Price spread, last 7 days−0.163%−$16 · spread now +0.050%, 7d avg −0.012%

Together, before fees−0.163%−$16 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: MEXC is 0.062% dearer against Binance than usual: you sell high and buy low, +$6 on $10k if it goes back to its 7-day average of −0.012%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance SKRUSDT	0.02105	0.0100	pay 0.0050% / 4h	3h 48m	$3.6M	$12.4M	20x
Short	MEXC SKR_USDT	0.02106	0.0100	get 0.0050% / 4h	3h 48m	$4.4M	$462K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now +0.050%Rate

Funding earned: $0
Price spread: +0.050% → −0.012%: $6.21
Slippage, 4 orders: −$48.33
Fee Binance: 5 bp × 2 orders: −$10
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$56.12
Costs to cover: 0.623%
Break-even: never at this rate

Slippage from Binance: live order book, 7 min ago; MEXC: live order book, 9 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	0.94 bp	28.8 bp −$29	138.1 bp −$1,381	doesn't fit	doesn't fit
Sell MEXC live order book, 9 min ago	1.66 bp	8.2 bp −$8	45.2 bp −$452	293.9 bp −$29.4K	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	0.02102	−0.154%	$235K	$155K	20x	as long as short
BingX SKR-USDT	+0.0070%	4h	0.02106	+0.017%	—	$2.3M	—	as long as short
Lighter SKR	+0.0096%	1h	0.02103	−0.088%	$9K	$22K	3x	as long as short
Hyperliquid SKR	+0.0100%	1h	0.02108	+0.154%	$1.3M	$721K	3x	as long as short
Aster SKRUSDT	+0.0100%	4h	0.02106	+0.061%	$26K	$32K	5x	as long as short
Binance SKRUSDTlong	+0.0100%	4h	0.02105	long leg	$3.6M	$12.4M	20x
Bybit SKRUSDT	+0.0100%	4h	0.02105	−0.026%	$4.5M	$5.0M	20x	as long as short
Gate SKR_USDT	+0.0100%	4h	0.02106	+0.055%	$1.0M	$526K	20x	as long as short
MEXC SKR_USDTshort	+0.0100%	4h	0.02106	+0.050%	$4.4M	$462K	20x
KuCoin SKRUSDTM	+0.0100%	4h	0.02105	−0.017%	$681K	$685K	20x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget SKRUSDT	+0.0100%	4h	0.02107	+0.069%	$1.5M	$1.2M	20x	as long as short
SunX SKR-USDT	+0.0100%	4h	0.02105	−0.021%	$2K	$2.3M	20x	as long as short
HTX SKR-USDT	+0.0100%	4h	0.02104	−0.055%	$14K	$36K	20x	as long as short
Backpack SKR_USDC_PERP	+0.0553%	1h	0.02109	+0.173%	$52K	$203K	5x	as long as short
Phoenix SKR	+0.1502%	1h	0.02107	+0.088%	$4K	$10K	3x	as long as short