Funding arb · Price arb /

SKR

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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: MEXC against Bybit+0.042%7-day average −0.016% · you sell dearer than you buy

Net, funding: paid 7d − costs−$100as in the Funding arb table

Net, price: spread back to 7d avg − costs−$97as in the Price arb table

costs, in and out, $10k−$1031.032% of the position

Long on Bybit Short on MEXC

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−0.125%−$13 · spread now +0.042%, 7d avg −0.016%

Together, before fees−0.091%−$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: MEXC is 0.058% dearer against Bybit than usual: you sell high and buy low, +$6 on $10k if it goes back to its 7-day average of −0.016%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit SKRUSDT	0.02133	0.0100	pay 0.0050% / 4h	14m 17s	$4.5M	$5.3M	20x
Short	MEXC SKR_USDT	0.02134	0.0100	get 0.0050% / 4h	14m 17s	$4.4M	$488K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now +0.042%Rate

Funding earned: $0
Price spread: +0.042% → −0.016%: $5.81
Slippage, 4 orders: −$88.16
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$97.35
Costs to cover: 1.032%
Break-even: never at this rate

Slippage from Bybit: live order book, 4 min ago; MEXC: 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	0.94 bp	44.0 bp −$44	137.0 bp −$1,370	doesn't fit	doesn't fit
Sell MEXC live order book, 3 min ago	1.41 bp	7.6 bp −$8	47.1 bp −$471	319.8 bp −$32.0K	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	0.02129	−0.183%	$234K	$169K	20x	as long as short
BingX SKR-USDT	+0.0070%	4h	0.02133	0.000%	—	$2.4M	—	as long as short
Lighter SKR	+0.0096%	1h	0.02130	−0.141%	$9K	$20K	3x	as long as short
Hyperliquid SKR	+0.0100%	1h	0.02135	+0.080%	$1.4M	$815K	3x	as long as short
Aster SKRUSDT	+0.0100%	4h	0.02130	−0.125%	$29K	$35K	5x	as long as short
Binance SKRUSDT	+0.0100%	4h	0.02132	−0.056%	$3.6M	$13.5M	20x	as long as short
Bybit SKRUSDTlong	+0.0100%	4h	0.02133	long leg	$4.5M	$5.3M	20x
Gate SKR_USDT	+0.0100%	4h	0.02134	+0.052%	$1.0M	$567K	20x	as long as short
MEXC SKR_USDTshort	+0.0100%	4h	0.02134	+0.042%	$4.4M	$488K	20x
KuCoin SKRUSDTM	+0.0100%	4h	0.02132	−0.052%	$657K	$730K	20x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget SKRUSDT	+0.0100%	4h	0.02133	−0.014%	$1.5M	$1.3M	20x	as long as short
SunX SKR-USDT	+0.0100%	4h	0.02129	−0.202%	$2K	$2.3M	20x	as long as short
HTX SKR-USDT	+0.0100%	4h	0.02128	−0.230%	$14K	$35K	20x	as long as short
Phoenix SKR	+0.1165%	1h	0.02138	+0.248%	$4K	$10K	3x	as long as short
Backpack SKR_USDC_PERP	+0.1205%	1h	0.02132	−0.052%	$53K	$185K	5x	as long as short