SKR

Alert

Spread before costs (cost unknown: a leg has no order-book sample)−0.232%

7d average—if it closes, per $10,000$23funding while held, a day−$0.12

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit SKRUSDT	0.02070	0.0100	pay 0.0050% / 4h	1h 09m	$4.5M	$4.6M	20x
Short	Lighter SKR	0.02065	0.0096	get 0.0012% / 1h	9m 13s	$14K	$18K	3x

Price spread history

latest

Range statsloading…

How often the spread is this wide

share of time at each level, last 7D

Backtest

opened in the past, held until now, after costs

Backtest 7 days Backtest 30 days Backtest 90 daysopens the backtester with this pair and $10,000 a leg

Profit calculator

Position, each leg$Hold forhoursFee BybitbpFee LighterbpOrdersClose when spread is

Spread captured: −$23.19
Funding while held: −$0.12
Slippage, 4 orders: no order book: not counted
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Lighter: 0 bp × 2 orders: $0
Net: −$34.31
Spread needed to break even: 0.110%

Slippage unknown: Bybit: live order book, 5 min ago; Lighter: no order-book sample. Net counts fees only.

Cost of waiting

funding view

Funding /8h: −0.0004%
Per $10,000 a day: −$0.12
Average in range /8h: —

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, 5 min ago	4.81 bp	41.6 bp −$42	134.5 bp −$1,345	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 price on every exchange

against the cheapest. Click to use as the short leg.

Lighter0.02065cheapest

HTX0.02066+0.019%SunX0.02066+0.029%Phoenix0.02068+0.140%Aster0.02069+0.178%Gate0.02070+0.203%Binance0.02070+0.208%Bitget0.02070+0.208%KuCoin0.02070+0.228%

Bybit0.02070+0.232%

MEXC0.02070+0.232%BingX0.02071+0.257%Hyperliquid0.02071+0.261%Backpack0.02072+0.324%BloFin0.02073+0.363%

SKR on 15 venues

cheapest first. Swap a leg.

Exchange	vs long leg	Funding /8h	Every	OI	Vol 24h	Max lev
Lighter SKRshort	−0.232%	+0.0096%	1h	$14K	$18K	3x
HTX SKR-USDT	−0.213%	+0.0100%	4h	$15K	$35K	20x	as long as short
SunX SKR-USDT	−0.203%	+0.0100%	4h	$2K	$2.2M	20x	as long as short
Phoenix SKR	−0.092%	0.0000%	1h	$4K	$9K	3x	as long as short
Aster SKRUSDT	−0.054%	+0.0100%	4h	$27K	$32K	5x	as long as short
Gate SKR_USDT	−0.029%	+0.0100%	4h	$1.0M	$519K	20x	as long as short
Binance SKRUSDT	−0.024%	+0.0100%	4h	$3.5M	$11.1M	20x	as long as short
Bitget SKRUSDT	−0.024%	+0.0100%	4h	$1.5M	$1.1M	20x	as long as short
KuCoin SKRUSDTM	−0.005%	+0.0100%	4h	$666K	$683K	20x	as long as short
Bybit SKRUSDTlong	0.000%	+0.0100%	4h	$4.5M	$4.6M	20x

Show all 15 venues

Exchange	vs long leg	Funding /8h	Every	OI	Vol 24h	Max lev
MEXC SKR_USDT	0.000%	+0.0100%	4h	$4.3M	$467K	20x	as long as short
BingX SKR-USDT	+0.024%	+0.0100%	4h	—	$2.4M	—	as long as short
Hyperliquid SKR	+0.029%	+0.0100%	1h	$1.3M	$705K	3x	as long as short
Backpack SKR_USDC_PERP	+0.092%	+0.0100%	1h	$50K	$242K	5x	as long as short
BloFin SKR-USDT	+0.130%	+0.0080%	4h	$240K	$144K	20x	as long as short