Funding arb · Price arb /

SKR

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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 +0.017%

Price spread now: KuCoin against Bitget−0.014%7-day average +0.089% · you buy dearer than you sell

Net, funding: paid 7d − costs−$266as in the Funding arb table

Net, price: spread back to 7d avg − costs−$289as in the Price arb table

costs, in and out, $10k−$2792.789% of the position

Long on Bitget 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)+0.176%+$18 · spread now −0.014%, 7d avg +0.089%

Together, before fees+0.309%+$31 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 0.104% cheaper against Bitget than usual: you would sell low and buy high, −$10 on $10k if it goes back to its 7-day average of +0.089%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget SKRUSDT	0.02099	0.0100	pay 0.0050% / 4h	1h 23m	$1.6M	$3.5M	20x
Short	KuCoin SKRUSDTM	0.02099	0.0100	get 0.0050% / 4h	1h 23m	$637K	$1.4M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now −0.014%Rate

Funding earned: $0
Price spread: −0.014% → +0.089%: −$10.38
Slippage, 4 orders: −$254.92
Fee Bitget: 6 bp × 2 orders: −$12
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$289.3
Costs to cover: 2.789%
Break-even: never at this rate

Slippage from Bitget: live order book, 4 min ago; KuCoin: live order book, 2 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, 4 min ago	6.90 bp	31.1 bp −$31	doesn't fit	doesn't fit	doesn't fit
Sell KuCoin live order book, 2 min ago	6.93 bp	122.2 bp −$122	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	0.02096	−0.157%	$241K	$166K	20x	as long as short
Backpack SKR_USDC_PERP	−0.0025%	1h	0.02093	−0.281%	$54K	$208K	5x	as long as short
Lighter SKR	+0.0096%	1h	0.02097	−0.105%	$8K	$26K	3x	as long as short
Hyperliquid SKR	+0.0100%	1h	0.02098	−0.043%	$1.3M	$1.4M	3x	as long as short
Aster SKRUSDT	+0.0100%	4h	0.02097	−0.079%	$25K	$117K	5x	as long as short
Binance SKRUSDT	+0.0100%	4h	0.02097	−0.091%	$3.7M	$27.1M	20x	as long as short
Bybit SKRUSDT	+0.0100%	4h	0.02100	+0.071%	$4.7M	$10.4M	20x	as long as short
Gate SKR_USDT	+0.0100%	4h	0.02098	−0.024%	$989K	$1.6M	20x	as long as short
MEXC SKR_USDT	+0.0100%	4h	0.02096	−0.138%	$5.0M	$830K	20x	as long as short
KuCoin SKRUSDTMshort	+0.0100%	4h	0.02099	−0.014%	$637K	$1.4M	20x

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget SKRUSDTlong	+0.0100%	4h	0.02099	long leg	$1.6M	$3.5M	20x
BingX SKR-USDT	+0.0100%	4h	0.02099	−0.010%	—	$2.8M	—	as long as short
SunX SKR-USDT	+0.0100%	4h	0.02092	−0.348%	$2K	$3.2M	20x	as long as short
HTX SKR-USDT	+0.0100%	4h	0.02097	−0.081%	$14K	$40K	20x	as long as short
Phoenix SKR	+0.0377%	1h	0.02102	+0.172%	$4K	$10K	3x	as long as short