Funding arb · Price arb /

SKR

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.007%

Price spread now: BingX against Gate−0.128%7-day average +0.040% · you buy dearer than you sell

Net, funding: paid 7d − costs−$294as in the Funding arb table

Net, price: spread back to 7d avg − costs−$310as in the Price arb table

costs, in and out, $10k−$2932.930% of the position

Long on Gate Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.010%−$1 on $10k

Price spread, last 7 days+0.131%+$13 · spread now −0.128%, 7d avg +0.040%

Together, before fees+0.120%+$12 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 0.168% cheaper against Gate than usual: you would sell low and buy high, −$17 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	Gate SKR_USDT	0.02103	0.0100	pay 0.0050% / 4h	1h 56m	$994K	$1.6M	20x
Short	BingX SKR-USDT	0.02101	0.0100	get 0.0050% / 4h	1h 56m	—	$2.8M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against Gate. 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 GatebpFee BingXbpOrdersPrice spread, now −0.128%Rate

Funding earned: $0
Price spread: −0.128% → +0.040%: −$16.8
Slippage, 4 orders: −$267.96
Fee Gate: 7.5 bp × 2 orders: −$15
Fee BingX: 5 bp × 2 orders: −$10
Net: −$309.76
Costs to cover: 2.930%
Break-even: never at this rate

Slippage from Gate: live order book, 1 min ago; BingX: live order book, 8 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 Gate live order book, 1 min ago	5.70 bp	90.7 bp −$91	doesn't fit	doesn't fit	doesn't fit
Sell BingX live order book, 8 min ago	6.33 bp	45.7 bp −$46	208.1 bp −$2,081	521.7 bp −$52.2K	986.8 bp −$493.4K

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
Backpack SKR_USDC_PERP	−0.0427%	1h	0.02102	−0.062%	$55K	$207K	5x	as long as short
BloFin SKR-USDT	−0.0140%	4h	0.02106	+0.124%	$250K	$164K	20x	as long as short
Lighter SKR	+0.0096%	1h	0.02099	−0.223%	$8K	$26K	3x	as long as short
Hyperliquid SKR	+0.0100%	1h	0.02099	−0.190%	$1.3M	$1.4M	3x	as long as short
Aster SKRUSDT	+0.0100%	4h	0.02104	+0.028%	$25K	$117K	5x	as long as short
Binance SKRUSDT	+0.0100%	4h	0.02100	−0.138%	$3.8M	$26.2M	20x	as long as short
Bybit SKRUSDT	+0.0100%	4h	0.02101	−0.105%	$4.8M	$10.0M	20x	as long as short
Gate SKR_USDTlong	+0.0100%	4h	0.02103	long leg	$994K	$1.6M	20x
MEXC SKR_USDT	+0.0100%	4h	0.02099	−0.190%	$5.0M	$817K	20x	as long as short
KuCoin SKRUSDTM	+0.0100%	4h	0.02101	−0.109%	$641K	$1.4M	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	0.02102	−0.071%	$1.6M	$3.4M	20x	as long as short
BingX SKR-USDTshort	+0.0100%	4h	0.02101	−0.128%	—	$2.8M	—
SunX SKR-USDT	+0.0100%	4h	0.02101	−0.109%	$1K	$3.1M	20x	as long as short
HTX SKR-USDT	+0.0100%	4h	0.02119	+0.732%	$14K	$40K	20x	as long as short
Phoenix SKR	+0.0735%	1h	0.02112	+0.414%	$4K	$10K	3x	as long as short