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: Bybit against Gate−0.066%7-day average +0.040% · you buy dearer than you sell

Net, funding: paid 7d − costs−$289as in the Funding arb table

Net, price: spread back to 7d avg − costs−$294as in the Price arb table

costs, in and out, $10k−$2842.838% of the position

Long on Gate Short on Bybit

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)+0.161%+$16 · spread now −0.066%, 7d avg +0.040%

Together, before fees+0.111%+$11 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: Bybit is 0.106% cheaper against Gate than usual: you would sell low and buy high, −$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	Gate SKR_USDT	0.02114	0.0100	pay 0.0050% / 4h	2h 10m	$1.0M	$531K	20x
Short	Bybit SKRUSDT	0.02113	0.0100	get 0.0050% / 4h	2h 10m	$4.5M	$4.8M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now −0.066%Rate

Funding earned: $0
Price spread: −0.066% → +0.040%: −$10.63
Slippage, 4 orders: −$257.79
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$294.41
Costs to cover: 2.838%
Break-even: never at this rate

Slippage from Gate: live order book, 2 min ago; Bybit: live order book, 7 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, 2 min ago	10.40 bp	93.7 bp −$94	doesn't fit	doesn't fit	doesn't fit
Sell Bybit live order book, 7 min ago	5.43 bp	39.3 bp −$39	128.1 bp −$1,281	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	0.02118	+0.170%	$240K	$153K	20x	as long as short
Lighter SKR	+0.0096%	1h	0.02108	−0.317%	$14K	$17K	3x	as long as short
Hyperliquid SKR	+0.0100%	1h	0.02114	−0.019%	$1.3M	$733K	3x	as long as short
Aster SKRUSDT	+0.0100%	4h	0.02114	−0.015%	$26K	$33K	5x	as long as short
Binance SKRUSDT	+0.0100%	4h	0.02114	−0.032%	$3.6M	$11.8M	20x	as long as short
Bybit SKRUSDTshort	+0.0100%	4h	0.02113	−0.066%	$4.5M	$4.8M	20x
Gate SKR_USDTlong	+0.0100%	4h	0.02114	long leg	$1.0M	$531K	20x
MEXC SKR_USDT	+0.0100%	4h	0.02114	−0.033%	$4.4M	$492K	20x	as long as short
KuCoin SKRUSDTM	+0.0100%	4h	0.02114	−0.009%	$684K	$685K	20x	as long as short
Bitget SKRUSDT	+0.0100%	4h	0.02115	+0.033%	$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	0.02113	−0.066%	—	$2.4M	—	as long as short
Backpack SKR_USDC_PERP	+0.0100%	1h	0.02112	−0.118%	$50K	$223K	5x	as long as short
SunX SKR-USDT	+0.0100%	4h	0.02111	−0.180%	$2K	$2.3M	20x	as long as short
HTX SKR-USDT	+0.0100%	4h	0.02118	+0.161%	$14K	$37K	20x	as long as short
Phoenix SKR	+0.1507%	1h	0.02120	+0.260%	$4K	$10K	3x	as long as short