Funding arb · Price arb /

SKR

all SKR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Bitget against Bybit+0.066%7-day average −0.028% · you sell dearer than you buy

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

Net, price: spread back to 7d avg − costs−$158as in the Price arb table

costs, in and out, $10k−$1671.671% of the position

Long on Bybit Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days+0.034%+$3 on $10k

Price spread, last 7 days−0.046%−$5 · spread now +0.066%, 7d avg −0.028%

Together, before fees−0.012%−$1 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: Bitget is 0.094% dearer against Bybit than usual: you sell high and buy low, +$9 on $10k if it goes back to its 7-day average of −0.028%.

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	2h 48m	$4.6M	$5.1M	20x
Short	Bitget SKRUSDT	0.02132	0.0100	get 0.0050% / 4h	2h 48m	$1.5M	$1.2M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now +0.066%Rate

Funding earned: $0
Price spread: +0.066% → −0.028%: $9.39
Slippage, 4 orders: −$144.11
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$157.71
Costs to cover: 1.671%
Break-even: never at this rate

Slippage from Bybit: live order book, 4 min ago; Bitget: live order book, 3 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	4.45 bp	41.8 bp −$42	135.0 bp −$1,350	doesn't fit	doesn't fit
Sell Bitget live order book, 3 min ago	5.40 bp	32.2 bp −$32	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	0.02128	−0.145%	$243K	$163K	20x	as long as short
Lighter SKR	+0.0096%	1h	0.02131	−0.023%	$9K	$21K	3x	as long as short
Aster SKRUSDT	+0.0100%	4h	0.02128	−0.123%	$29K	$33K	5x	as long as short
Binance SKRUSDT	+0.0100%	4h	0.02132	+0.052%	$3.7M	$12.8M	20x	as long as short
Bybit SKRUSDTlong	+0.0100%	4h	0.02131	long leg	$4.6M	$5.1M	20x
Gate SKR_USDT	+0.0100%	4h	0.02130	−0.033%	$1.0M	$536K	20x	as long as short
MEXC SKR_USDT	+0.0100%	4h	0.02133	+0.108%	$4.4M	$462K	20x	as long as short
KuCoin SKRUSDTM	+0.0100%	4h	0.02130	−0.047%	$690K	$700K	20x	as long as short
Bitget SKRUSDTshort	+0.0100%	4h	0.02132	+0.066%	$1.5M	$1.2M	20x
BingX SKR-USDT	+0.0100%	4h	0.02132	+0.033%	—	$2.4M	—	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX SKR-USDT	+0.0100%	4h	0.02130	−0.056%	$1K	$2.3M	20x	as long as short
HTX SKR-USDT	+0.0100%	4h	0.02127	−0.206%	$14K	$36K	20x	as long as short
Hyperliquid SKR	+0.0105%	1h	0.02133	+0.075%	$1.4M	$786K	3x	as long as short
Backpack SKR_USDC_PERP	+0.0246%	1h	0.02131	0.000%	$51K	$200K	5x	as long as short
Phoenix SKR	+0.0743%	1h	0.02131	+0.009%	$4K	$10K	3x	as long as short