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: Gate against Bybit+0.071%7-day average −0.040% · you sell dearer than you buy

Net, funding: paid 7d − costs−$250as in the Funding arb table

Net, price: spread back to 7d avg − costs−$244as in the Price arb table

costs, in and out, $10k−$2552.551% of the position

Long on Bybit Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days+0.050%+$5 on $10k

Price spread, last 4 days (all we have)−0.142%−$14 · spread now +0.071%, 7d avg −0.040%

Together, before fees−0.093%−$9 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: Gate is 0.111% dearer against Bybit than usual: you sell high and buy low, +$11 on $10k if it goes back to its 7-day average of −0.040%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit SKRUSDT	0.02116	0.0100	pay 0.0050% / 4h	1h 14m	$4.5M	$4.9M	20x
Short	Gate SKR_USDT	0.02117	0.0100	get 0.0050% / 4h	1h 14m	$1.0M	$530K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now +0.071%Rate

Funding earned: $0
Price spread: +0.071% → −0.040%: $11.13
Slippage, 4 orders: −$229.1
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$243.97
Costs to cover: 2.551%
Break-even: never at this rate

Slippage from Bybit: live order book, 3 min ago; Gate: live order book, 2 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	0.95 bp	44.6 bp −$45	132.9 bp −$1,329	doesn't fit	doesn't fit
Sell Gate live order book, 2 min ago	9.02 bp	74.6 bp −$75	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	0.02121	+0.269%	$234K	$154K	20x	as long as short
Lighter SKR	+0.0096%	1h	0.02118	+0.099%	$14K	$17K	3x	as long as short
Hyperliquid SKR	+0.0100%	1h	0.02118	+0.128%	$1.3M	$743K	3x	as long as short
Aster SKRUSDT	+0.0100%	4h	0.02118	+0.123%	$26K	$33K	5x	as long as short
Binance SKRUSDT	+0.0100%	4h	0.02117	+0.059%	$3.5M	$12.0M	20x	as long as short
Bybit SKRUSDTlong	+0.0100%	4h	0.02116	long leg	$4.5M	$4.9M	20x
Gate SKR_USDTshort	+0.0100%	4h	0.02117	+0.071%	$1.0M	$530K	20x
MEXC SKR_USDT	+0.0100%	4h	0.02115	−0.038%	$4.4M	$482K	20x	as long as short
KuCoin SKRUSDTM	+0.0100%	4h	0.02118	+0.142%	$682K	$684K	20x	as long as short
Bitget SKRUSDT	+0.0100%	4h	0.02120	+0.194%	$1.5M	$1.1M	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-USDT	+0.0100%	4h	0.02115	−0.014%	—	$2.4M	—	as long as short
Backpack SKR_USDC_PERP	+0.0100%	1h	0.02118	+0.118%	$50K	$211K	5x	as long as short
SunX SKR-USDT	+0.0100%	4h	0.02113	−0.123%	$2K	$2.3M	20x	as long as short
HTX SKR-USDT	+0.0100%	4h	0.02113	−0.104%	$14K	$36K	20x	as long as short
Phoenix SKR	+0.0379%	1h	0.02109	−0.303%	$4K	$10K	3x	as long as short