Funding arb · Price arb /

SKR

all SKR markets

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 0.000%

Price spread now: SunX against Bitget−0.048%7-day average −0.125% · you buy dearer than you sell

Net, funding: paid 7d − costs−$164as in the Funding arb table

Net, price: spread back to 7d avg − costs−$157as in the Price arb table

costs, in and out, $10k−$1641.643% of the position

Long on Bitget Short on SunX

What this pair did over the last

the charts below follow

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

Price spread, last 3 days (all we have)−0.562%−$56 · spread now −0.048%, 7d avg −0.125%

Together, before fees−0.562%−$56 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: SunX is 0.078% dearer against Bitget than usual: you sell high and buy low, +$8 on $10k if it goes back to its 7-day average of −0.125%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget SKRUSDT	0.02102	0.0100	pay 0.0050% / 4h	1h 59m	$1.5M	$1.1M	20x
Short	SunX SKR-USDT	0.02101	0.0100	get 0.0050% / 4h	1h 59m	$1K	$2.3M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now −0.048%Rate

Funding earned: $0
Price spread: −0.048% → −0.125%: $7.77
Slippage, 4 orders: −$144.3
Fee Bitget: 6 bp × 2 orders: −$12
Fee SunX: 4 bp × 2 orders: −$8
Net: −$156.53
Costs to cover: 1.643%
Break-even: never at this rate

Slippage from Bitget: live order book, 2 min ago; SunX: 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, 2 min ago	7.83 bp	32.9 bp −$33	203.9 bp −$2,039	doesn't fit	doesn't fit
Sell SunX live order book, 7 min ago	26.83 bp	54.6 bp −$55	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	0.02104	+0.071%	$239K	$152K	20x	as long as short
Lighter SKR	+0.0096%	1h	0.02100	−0.124%	$14K	$17K	3x	as long as short
Hyperliquid SKR	+0.0100%	1h	0.02105	+0.138%	$1.3M	$735K	3x	as long as short
Aster SKRUSDT	+0.0100%	4h	0.02103	+0.043%	$26K	$33K	5x	as long as short
Binance SKRUSDT	+0.0100%	4h	0.02102	−0.041%	$3.5M	$11.8M	20x	as long as short
Bybit SKRUSDT	+0.0100%	4h	0.02103	+0.029%	$4.5M	$4.8M	20x	as long as short
Gate SKR_USDT	+0.0100%	4h	0.02101	−0.071%	$1.0M	$528K	20x	as long as short
MEXC SKR_USDT	+0.0100%	4h	0.02105	+0.114%	$4.4M	$478K	20x	as long as short
KuCoin SKRUSDTM	+0.0100%	4h	0.02106	+0.181%	$683K	$685K	20x	as long as short
Bitget SKRUSDTlong	+0.0100%	4h	0.02102	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-USDT	+0.0100%	4h	0.02102	0.000%	—	$2.4M	—	as long as short
Backpack SKR_USDC_PERP	+0.0100%	1h	0.02105	+0.114%	$50K	$220K	5x	as long as short
SunX SKR-USDTshort	+0.0100%	4h	0.02101	−0.048%	$1K	$2.3M	20x
HTX SKR-USDT	+0.0100%	4h	0.02101	−0.057%	$14K	$37K	20x	as long as short
Phoenix SKR	+0.1507%	1h	0.02110	+0.361%	$4K	$10K	3x	as long as short