Funding arb · Price arb /

SKR

all SKR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC+0.0236%/8h= +25.8% APRpaid last 24h +0.056%

Price spread now: Lighter against BloFin+0.033%7-day average — · you sell dearer than you buy

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

Long on BloFin 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

Both sides work for this trade now. Funding pays +$7 a day on $10k at the current rate, and Lighter is 0.033% dearer against BloFin than usual: you sell high and buy low: +$3 more if the spread 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	BloFin SKR-USDT	0.02096	−0.0140	get 0.0070% / 4h	1h 47m	$233K	$164K	20x
Short	Lighter SKR	0.02097	0.0096	get 0.0012% / 1h	47m 01s	$8K	$26K	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against BloFin. 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 BloFinbpFee LighterbpOrdersPrice spread, now +0.033%Rate

Funding earned: $49.56
Price spread: +0.033% → 0.000%: $3.34
Slippage, 4 orders: no order book: not counted
Fee BloFin: 6 bp × 2 orders: −$12
Fee Lighter: 0 bp × 2 orders: $0
Net: $40.9
Costs to cover: 0.120%
Break-even: 1.2 days

Slippage unknown: BloFin: live order book, 59 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 BloFin live order book, 59 min ago	4.77 bp	36.5 bp −$36	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 exchanges

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-USDTlong	−0.0140%	4h	0.02096	long leg	$233K	$164K	20x
Lighter SKRshort	+0.0096%	1h	0.02097	+0.033%	$8K	$26K	3x
Hyperliquid SKR	+0.0100%	1h	0.02101	+0.239%	$1.3M	$1.5M	3x	as long as short
Aster SKRUSDT	+0.0100%	4h	0.02097	+0.039%	$25K	$122K	5x	as long as short
Binance SKRUSDT	+0.0100%	4h	0.02099	+0.141%	$3.6M	$28.3M	20x	as long as short
Bybit SKRUSDT	+0.0100%	4h	0.02100	+0.200%	$4.6M	$10.9M	20x	as long as short
Gate SKR_USDT	+0.0100%	4h	0.02098	+0.081%	$982K	$1.7M	20x	as long as short
MEXC SKR_USDT	+0.0100%	4h	0.02099	+0.119%	$5.0M	$803K	20x	as long as short
KuCoin SKRUSDTM	+0.0100%	4h	0.02098	+0.072%	$695K	$1.6M	20x	as long as short
Bitget SKRUSDT	+0.0100%	4h	0.02101	+0.224%	$1.6M	$3.6M	20x	as long as short

Show all 15 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX SKR-USDT	+0.0100%	4h	0.02101	+0.215%	—	$2.8M	—	as long as short
Backpack SKR_USDC_PERP	+0.0100%	1h	0.02100	+0.196%	$53K	$199K	5x	as long as short
SunX SKR-USDT	+0.0100%	4h	0.02094	−0.100%	$2K	$3.2M	20x	as long as short
HTX SKR-USDT	+0.0100%	4h	0.02099	+0.114%	$14K	$40K	20x	as long as short
Phoenix SKR	+0.0380%	1h	0.02096	−0.014%	$4K	$10K	3x	as long as short