Funding arb · Price arb /

SKR

all SKR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: Bitget against Hyperliquid−0.014%7-day average +0.006% · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Hyperliquid Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days+0.041%+$4 on $10k

Price spread, last 7 days+0.267%+$27 · spread now −0.014%, 7d avg +0.006%

Together, before fees+0.307%+ Points / potential airdropHyperliquid: Season 2 · farm board+$31 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: Bitget is 0.020% cheaper against Hyperliquid than usual: you would sell low and buy high, −$2 on $10k if it goes back to its 7-day average of +0.006%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hyperliquid SKR	0.02073	0.0100	pay 0.0013% / 1h	39m 17s	$1.3M	$792K	3x
Short	Bitget SKRUSDT	0.02073	0.0100	get 0.0050% / 4h	1h 39m	$1.5M	$1.2M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against Hyperliquid. 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 HyperliquidbpFee BitgetbpOrdersPrice spread, now −0.014%Rate

Funding earned: $0
Price spread: −0.014% → +0.006%: −$2.04
Slippage, 4 orders: no order book: not counted
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$23.04
Costs to cover: 0.210%
Break-even: never at this rate

Slippage unknown: Hyperliquid: live order book, 1 min ago; Bitget: live order book, 2 min ago. Net counts fees only.

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 Hyperliquid live order book, 1 min ago	1.45 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell Bitget live order book, 2 min ago	7.95 bp	40.7 bp −$41	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	0.02073	+0.019%	$232K	$161K	20x	as long as short
Lighter SKR	+0.0096%	1h	0.02067	−0.265%	$9K	$21K	3x	as long as short
Hyperliquid SKRlong	+0.0100%	1h	0.02073	long leg	$1.3M	$792K	3x
Aster SKRUSDT	+0.0100%	4h	0.02071	−0.088%	$28K	$34K	5x	as long as short
Binance SKRUSDT	+0.0100%	4h	0.02071	−0.103%	$3.5M	$13.2M	20x	as long as short
Bybit SKRUSDT	+0.0100%	4h	0.02072	−0.053%	$4.4M	$5.2M	20x	as long as short
Gate SKR_USDT	+0.0100%	4h	0.02075	+0.116%	$1.0M	$546K	20x	as long as short
MEXC SKR_USDT	+0.0100%	4h	0.02071	−0.096%	$4.3M	$470K	20x	as long as short
KuCoin SKRUSDTM	+0.0100%	4h	0.02073	0.000%	$650K	$720K	20x	as long as short
Bitget SKRUSDTshort	+0.0100%	4h	0.02073	−0.014%	$1.5M	$1.2M	20x

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX SKR-USDT	+0.0100%	4h	0.02072	−0.039%	—	$2.4M	—	as long as short
Backpack SKR_USDC_PERP	+0.0100%	1h	0.02072	−0.039%	$49K	$201K	5x	as long as short
SunX SKR-USDT	+0.0100%	4h	0.02067	−0.275%	$1K	$2.3M	20x	as long as short
HTX SKR-USDT	+0.0100%	4h	0.02076	+0.169%	$14K	$37K	20x	as long as short
Phoenix SKR	+0.1918%	1h	0.02079	+0.318%	$4K	$10K	3x	as long as short