Funding arb · Price arb /

SKR

all SKR markets

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 +0.024%

Price spread now: KuCoin against Gate−0.073%7-day average +0.106% · you buy dearer than you sell

Net, funding: paid 7d − costs−$576as in the Funding arb table

Net, price: spread back to 7d avg − costs−$607as in the Price arb table

costs, in and out, $10k−$5895.893% of the position

Long on Gate Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.133%+$13 on $10k

Price spread, last 4 days (all we have)+0.134%+$13 · spread now −0.073%, 7d avg +0.106%

Together, before fees+0.267%+$27 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: KuCoin is 0.179% cheaper against Gate than usual: you would sell low and buy high, −$18 on $10k if it goes back to its 7-day average of +0.106%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate SKR_USDT	0.02052	0.0100	pay 0.0050% / 4h	1h 03m	$996K	$558K	20x
Short	KuCoin SKRUSDTM	0.02051	0.0100	get 0.0050% / 4h	1h 03m	$634K	$723K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now −0.073%Rate

Funding earned: $0
Price spread: −0.073% → +0.106%: −$17.87
Slippage, 4 orders: −$562.26
Fee Gate: 7.5 bp × 2 orders: −$15
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$607.12
Costs to cover: 5.893%
Break-even: never at this rate

Slippage from Gate: live order book, 8 min ago; KuCoin: live order book, 20 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, 8 min ago	5.81 bp	80.4 bp −$80	doesn't fit	doesn't fit	doesn't fit
Sell KuCoin live order book, 20 min ago	7.74 bp	207.8 bp −$208	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	0.02052	+0.005%	$230K	$159K	20x	as long as short
Lighter SKR	+0.0096%	1h	0.02047	−0.283%	$9K	$21K	3x	as long as short
Hyperliquid SKR	+0.0100%	1h	0.02051	−0.073%	$1.3M	$806K	3x	as long as short
Aster SKRUSDT	+0.0100%	4h	0.02051	−0.040%	$27K	$34K	5x	as long as short
Binance SKRUSDT	+0.0100%	4h	0.02050	−0.095%	$3.5M	$13.3M	20x	as long as short
Bybit SKRUSDT	+0.0100%	4h	0.02051	−0.054%	$4.4M	$5.3M	20x	as long as short
Gate SKR_USDTlong	+0.0100%	4h	0.02052	long leg	$996K	$558K	20x
MEXC SKR_USDT	+0.0100%	4h	0.02052	−0.015%	$4.2M	$474K	20x	as long as short
KuCoin SKRUSDTMshort	+0.0100%	4h	0.02051	−0.073%	$634K	$723K	20x
Bitget SKRUSDT	+0.0100%	4h	0.02051	−0.063%	$1.5M	$1.3M	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	0.02051	−0.083%	—	$2.4M	—	as long as short
SunX SKR-USDT	+0.0100%	4h	0.02047	−0.244%	$1K	$2.3M	20x	as long as short
HTX SKR-USDT	+0.0100%	4h	0.02051	−0.054%	$13K	$36K	20x	as long as short
Backpack SKR_USDC_PERP	+0.0171%	1h	0.02051	−0.058%	$49K	$193K	5x	as long as short
Phoenix SKR	+0.1918%	1h	0.02064	+0.590%	$4K	$10K	3x	as long as short