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 −0.005%

Price spread now: BingX against Bybit−0.019%7-day average +0.009% · you buy dearer than you sell

Net, funding: paid 7d − costs−$156as in the Funding arb table

Net, price: spread back to 7d avg − costs−$160as in the Price arb table

costs, in and out, $10k−$1571.570% of the position

Long on Bybit Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.008%+$1 on $10k

Price spread, last 7 days+0.093%+$9 · spread now −0.019%, 7d avg +0.009%

Together, before fees+0.101%+$10 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: BingX is 0.028% cheaper against Bybit than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of +0.009%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit SKRUSDT	0.02131	0.0100	pay 0.0050% / 4h	3h 23m	$4.7M	$10.8M	20x
Short	BingX SKR-USDT	0.02130	0.0100	get 0.0050% / 4h	3h 23m	—	$2.8M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX 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 BingXbpOrdersPrice spread, now −0.019%Rate

Funding earned: $0
Price spread: −0.019% → +0.009%: −$2.79
Slippage, 4 orders: −$136.02
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee BingX: 5 bp × 2 orders: −$10
Net: −$159.81
Costs to cover: 1.570%
Break-even: never at this rate

Slippage from Bybit: live order book, 4 min ago; BingX: live order book, 10 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, 4 min ago	2.35 bp	41.9 bp −$42	139.9 bp −$1,399	doesn't fit	doesn't fit
Sell BingX live order book, 10 min ago	5.60 bp	32.5 bp −$33	103.2 bp −$1,032	386.6 bp −$38.7K	911.2 bp −$455.6K

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	0.02125	−0.263%	$241K	$168K	20x	as long as short
Lighter SKR	+0.0096%	1h	0.02129	−0.084%	$8K	$26K	3x	as long as short
Hyperliquid SKR	+0.0100%	1h	0.02130	−0.038%	$1.3M	$1.5M	3x	as long as short
Aster SKRUSDT	+0.0100%	4h	0.02131	+0.026%	$26K	$122K	5x	as long as short
Binance SKRUSDT	+0.0100%	4h	0.02128	−0.098%	$3.7M	$28.1M	20x	as long as short
Bybit SKRUSDTlong	+0.0100%	4h	0.02131	long leg	$4.7M	$10.8M	20x
Gate SKR_USDT	+0.0100%	4h	0.02131	+0.028%	$1.0M	$1.7M	20x	as long as short
MEXC SKR_USDT	+0.0100%	4h	0.02128	−0.103%	$5.1M	$815K	20x	as long as short
KuCoin SKRUSDTM	+0.0100%	4h	0.02129	−0.070%	$742K	$1.6M	20x	as long as short
Bitget SKRUSDT	+0.0100%	4h	0.02131	+0.005%	$1.6M	$3.6M	20x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX SKR-USDTshort	+0.0100%	4h	0.02130	−0.019%	—	$2.8M	—
Backpack SKR_USDC_PERP	+0.0100%	1h	0.02131	+0.019%	$54K	$210K	5x	as long as short
SunX SKR-USDT	+0.0100%	4h	0.02127	−0.141%	$2K	$3.2M	20x	as long as short
HTX SKR-USDT	+0.0100%	4h	0.02119	−0.544%	$14K	$40K	20x	as long as short
Phoenix SKR	+0.0380%	1h	0.02120	−0.479%	$4K	$10K	3x	as long as short