Funding arb · Price arb /

SKR

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Aster against Bybit−0.091%7-day average −0.034% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$252as in the Price arb table

costs, in and out, $10k−$2472.467% of the position

Long on Bybit Short on Aster

What this pair did over the last

the charts below follow

Funding, last 6 days (all we have)0.000%$0 on $10k

Price spread, last 4 days (all we have)+0.128%+$13 · spread now −0.091%, 7d avg −0.034%

Together, before fees+0.128%+ Points / potential airdropAster: Stage 5 · farm board+$13 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: Aster is 0.057% cheaper against Bybit than usual: you would sell low and buy high, −$6 on $10k if it goes back to its 7-day average of −0.034%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit SKRUSDT	0.02099	0.0100	pay 0.0050% / 4h	2h 17m	$4.6M	$10.9M	20x
Short	Aster SKRUSDT	0.02097	0.0100	get 0.0050% / 4h	2h 17m	$25K	$122K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Bybit. 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 BybitbpFee AsterbpOrdersPrice spread, now −0.091%Rate

Funding earned: $0
Price spread: −0.091% → −0.034%: −$5.7
Slippage, 4 orders: −$227.72
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Aster: 4 bp × 2 orders: −$8
Net: −$252.41
Costs to cover: 2.467%
Break-even: never at this rate

Slippage from Bybit: live order book, 3 min ago; Aster: live order book, 31 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 Bybit live order book, 3 min ago	2.62 bp	37.5 bp −$38	137.6 bp −$1,376	doesn't fit	doesn't fit
Sell Aster live order book, 31 min ago	6.46 bp	128.7 bp −$129	doesn't fit	doesn't fit	doesn't fit

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-USDT	−0.0140%	4h	0.02098	−0.062%	$232K	$164K	20x	as long as short
Lighter SKR	+0.0096%	1h	0.02098	−0.057%	$8K	$26K	3x	as long as short
Hyperliquid SKR	+0.0100%	1h	0.02098	−0.062%	$1.3M	$1.5M	3x	as long as short
Aster SKRUSDTshort	+0.0100%	4h	0.02097	−0.091%	$25K	$122K	5x
Binance SKRUSDT	+0.0100%	4h	0.02098	−0.029%	$3.6M	$28.3M	20x	as long as short
Bybit SKRUSDTlong	+0.0100%	4h	0.02099	long leg	$4.6M	$10.9M	20x
Gate SKR_USDT	+0.0100%	4h	0.02098	−0.071%	$983K	$1.7M	20x	as long as short
MEXC SKR_USDT	+0.0100%	4h	0.02098	−0.033%	$5.0M	$809K	20x	as long as short
KuCoin SKRUSDTM	+0.0100%	4h	0.02098	−0.029%	$694K	$1.6M	20x	as long as short
Bitget SKRUSDT	+0.0100%	4h	0.02100	+0.048%	$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	0.02098	−0.029%	—	$2.8M	—	as long as short
Backpack SKR_USDC_PERP	+0.0100%	1h	0.02099	+0.010%	$54K	$202K	5x	as long as short
SunX SKR-USDT	+0.0100%	4h	0.02098	−0.067%	$1K	$3.2M	20x	as long as short
HTX SKR-USDT	+0.0100%	4h	0.02096	−0.148%	$14K	$40K	20x	as long as short
Phoenix SKR	+0.0378%	1h	0.02100	+0.048%	$4K	$10K	3x	as long as short