Funding arb · Price arb /

SKR

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.005%

Price spread now: BingX against Bitget−0.099%7-day average +0.040% · you buy dearer than you sell

Net, funding: paid 7d − costs−$166as in the Funding arb table

Net, price: spread back to 7d avg − costs−$179as in the Price arb table

costs, in and out, $10k−$1651.648% of the position

Long on Bitget Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.007%−$1 on $10k

Price spread, last 7 days+0.115%+$12 · spread now −0.099%, 7d avg +0.040%

Together, before fees+0.108%+$11 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: BingX is 0.139% cheaper against Bitget than usual: you would sell low and buy high, −$14 on $10k if it goes back to its 7-day average of +0.040%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget SKRUSDT	0.02115	0.0100	pay 0.0050% / 4h	2h 11m	$1.5M	$1.1M	20x
Short	BingX SKR-USDT	0.02113	0.0100	get 0.0050% / 4h	2h 11m	—	$2.4M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against Bitget. 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 BitgetbpFee BingXbpOrdersPrice spread, now −0.099%Rate

Funding earned: $0
Price spread: −0.099% → +0.040%: −$13.91
Slippage, 4 orders: −$142.76
Fee Bitget: 6 bp × 2 orders: −$12
Fee BingX: 5 bp × 2 orders: −$10
Net: −$178.66
Costs to cover: 1.648%
Break-even: never at this rate

Slippage from Bitget: live order book, 6 min ago; BingX: live order book, 7 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 Bitget live order book, 6 min ago	8.97 bp	42.0 bp −$42	178.3 bp −$1,783	doesn't fit	doesn't fit
Sell BingX live order book, 7 min ago	5.20 bp	43.0 bp −$43	115.8 bp −$1,158	623.4 bp −$62.3K	1060.2 bp −$530.1K

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	0.02118	+0.137%	$240K	$153K	20x	as long as short
Lighter SKR	+0.0096%	1h	0.02109	−0.279%	$14K	$17K	3x	as long as short
Hyperliquid SKR	+0.0100%	1h	0.02114	−0.047%	$1.3M	$733K	3x	as long as short
Aster SKRUSDT	+0.0100%	4h	0.02116	+0.038%	$26K	$33K	5x	as long as short
Binance SKRUSDT	+0.0100%	4h	0.02113	−0.099%	$3.6M	$11.8M	20x	as long as short
Bybit SKRUSDT	+0.0100%	4h	0.02113	−0.099%	$4.5M	$4.8M	20x	as long as short
Gate SKR_USDT	+0.0100%	4h	0.02115	−0.005%	$1.0M	$531K	20x	as long as short
MEXC SKR_USDT	+0.0100%	4h	0.02114	−0.033%	$4.4M	$492K	20x	as long as short
KuCoin SKRUSDTM	+0.0100%	4h	0.02115	−0.005%	$684K	$685K	20x	as long as short
Bitget SKRUSDTlong	+0.0100%	4h	0.02115	long leg	$1.5M	$1.1M	20x

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX SKR-USDTshort	+0.0100%	4h	0.02113	−0.099%	—	$2.4M	—
Backpack SKR_USDC_PERP	+0.0100%	1h	0.02112	−0.151%	$50K	$223K	5x	as long as short
SunX SKR-USDT	+0.0100%	4h	0.02111	−0.213%	$2K	$2.3M	20x	as long as short
HTX SKR-USDT	+0.0100%	4h	0.02118	+0.128%	$14K	$37K	20x	as long as short
Phoenix SKR	+0.1507%	1h	0.02120	+0.227%	$4K	$10K	3x	as long as short