SKR

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0224%/8h= −24.5% APRnext payment −$1.12 per $10,000 · paid last 24h −0.001%

Price spread now: SunX against Gate−0.355%7-day average −0.121% · you buy dearer than you sell

Net, funding: paid 7d − costs−$330as in the Funding arb table

Net, price: spread back to 7d avg − costs−$354as in the Price arb table

costs, in and out, $10k−$3303.302% of the position

Long on Gate Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.001%$0 on $10k

Price spread, last 4 days (all we have)−0.063%−$6 · spread now −0.355%, 7d avg −0.121%

Together, before fees−0.065%−$6 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$7 a day on $10k at the current rate, and SunX is 0.234% cheaper against Gate than usual: you would sell low and buy high (−$23 if the spread goes back to its 7-day average of −0.121%). Swap the legs.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.001% in total (about -0.1% a year). A funding rate is set anew for every payment; at this rate the next one is about −$1.12 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate SKR_USDT	0.02167	0.0324	pay 0.0162% / 4h	3h 20m	$1.1M	$579K	20x
Short	SunX SKR-USDT	0.02160	0.0100	get 0.0050% / 4h	3h 20m	$2K	$2.3M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now −0.355%Rate

Funding earned: −$47.04
Price spread: −0.355% → −0.121%: −$23.43
Slippage, 4 orders: −$307.18
Fee Gate: 7.5 bp × 2 orders: −$15
Fee SunX: 4 bp × 2 orders: −$8
Net: −$400.65
Costs to cover: 3.302%
Break-even: never at this rate

Slippage from Gate: live order book, 1 min ago; SunX: live order book, 6 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	1.85 bp	84.6 bp −$85	doesn't fit	doesn't fit	doesn't fit
Sell SunX live order book, 6 min ago	29.58 bp	60.1 bp −$60	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	−0.0072%	4h	0.02166	−0.065%	$242K	$172K	20x	as long as short
Lighter SKR	+0.0096%	1h	0.02164	−0.175%	$9K	$20K	3x	as long as short
Hyperliquid SKR	+0.0100%	1h	0.02169	+0.055%	$1.4M	$818K	3x	as long as short
Aster SKRUSDT	+0.0100%	4h	0.02165	−0.119%	$30K	$38K	5x	as long as short
Binance SKRUSDT	+0.0100%	4h	0.02168	+0.009%	$3.7M	$13.8M	20x	as long as short
MEXC SKR_USDT	+0.0100%	4h	0.02166	−0.046%	$4.5M	$480K	20x	as long as short
KuCoin SKRUSDTM	+0.0100%	4h	0.02166	−0.083%	$665K	$736K	20x	as long as short
Bitget SKRUSDT	+0.0100%	4h	0.02166	−0.065%	$1.5M	$1.4M	20x	as long as short
SunX SKR-USDTshort	+0.0100%	4h	0.02160	−0.355%	$2K	$2.3M	20x
HTX SKR-USDT	+0.0100%	4h	0.02164	−0.138%	$14K	$34K	20x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit SKRUSDT	+0.0108%	4h	0.02166	−0.051%	$4.6M	$5.4M	20x	as long as short
BingX SKR-USDT	+0.0290%	4h	0.02168	+0.037%	—	$2.4M	—	as long as short
Gate SKR_USDTlong	+0.0324%	4h	0.02167	long leg	$1.1M	$579K	20x
Phoenix SKR	+0.0747%	1h	0.02179	+0.549%	$4K	$10K	3x	as long as short
Backpack SKR_USDC_PERP	+0.0784%	1h	0.02163	−0.185%	$52K	$165K	5x	as long as short