Funding arb · Price arb /

SKR

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h −0.001%

Price spread now: Lighter against Bitget−0.179%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Bitget Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 6 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropLighter: Season 3 · farm boardneeds both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Lighter is 0.179% cheaper against Bitget than usual: you would sell low and buy high, −$18 on $10k if it goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget SKRUSDT	0.02126	0.0100	pay 0.0050% / 4h	3h 26m	$1.6M	$3.6M	20x
Short	Lighter SKR	0.02122	0.0096	get 0.0012% / 1h	26m 44s	$8K	$26K	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against Bitget. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 LighterbpOrdersPrice spread, now −0.179%Rate

Funding earned: −$0.84
Price spread: −0.179% → 0.000%: −$17.87
Slippage, 4 orders: no order book: not counted
Fee Bitget: 6 bp × 2 orders: −$12
Fee Lighter: 0 bp × 2 orders: $0
Net: −$30.71
Costs to cover: 0.120%
Break-even: never at this rate

Slippage unknown: Bitget: live order book, 1 min ago; Lighter: no order-book sample. Net counts fees only.

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, 1 min ago	5.63 bp	32.2 bp −$32	doesn't fit	doesn't fit	doesn't fit
Sell Lighter no order-book sample	—	—	—	—	—

Lighter: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	+0.099%	$242K	$168K	20x	as long as short
Lighter SKRshort	+0.0096%	1h	0.02122	−0.179%	$8K	$26K	3x
Hyperliquid SKR	+0.0100%	1h	0.02123	−0.122%	$1.3M	$1.5M	3x	as long as short
Aster SKRUSDT	+0.0100%	4h	0.02127	+0.067%	$26K	$122K	5x	as long as short
Binance SKRUSDT	+0.0100%	4h	0.02128	+0.092%	$3.7M	$28.1M	20x	as long as short
Bybit SKRUSDT	+0.0100%	4h	0.02124	−0.080%	$4.7M	$10.8M	20x	as long as short
Gate SKR_USDT	+0.0100%	4h	0.02131	+0.249%	$1.0M	$1.7M	20x	as long as short
MEXC SKR_USDT	+0.0100%	4h	0.02129	+0.155%	$5.1M	$815K	20x	as long as short
KuCoin SKRUSDTM	+0.0100%	4h	0.02129	+0.155%	$768K	$1.6M	20x	as long as short
Bitget SKRUSDTlong	+0.0100%	4h	0.02126	long leg	$1.6M	$3.6M	20x

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX SKR-USDT	+0.0100%	4h	0.02130	+0.174%	—	$2.8M	—	as long as short
Backpack SKR_USDC_PERP	+0.0100%	1h	0.02133	+0.334%	$55K	$210K	5x	as long as short
SunX SKR-USDT	+0.0100%	4h	0.02128	+0.108%	$1K	$3.2M	20x	as long as short
HTX SKR-USDT	+0.0100%	4h	0.02124	−0.099%	$14K	$40K	20x	as long as short
Phoenix SKR	+0.0380%	1h	0.02133	+0.334%	$4K	$10K	3x	as long as short