data as of
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Price arb /

SKR

all SKR markets
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Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

After costs, if the gap returns to its 7d average, $10k−$152
spread now−0.026%7d average+0.043%fees + slippage, in and out−$145spread needed1.448%
Long on HyperliquidShort on Bybit
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHyperliquid SKR0.019120.0100pay 0.0013% / 1h52m 02s$1.2M$332K3x
ShortBybit SKRUSDT0.019110.0100get 0.0050% / 4h1h 52m$4.2M$1.7M20x

Price spread history

latest
Range statsloading…

How often the spread is this wide

share of time at each level, last 7D

Backtest

opened in the past, held until now, after costs
Backtest 7 daysBacktest 30 daysBacktest 90 daysopens the backtester with this pair and $10,000 a leg

Profit calculator

Spread captured
−$2.62
Funding while held
$0
Slippage, 4 orders
−$124.8
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Fee Bybit: 5.5 bp × 2 orders
−$11
Net
−$147.41
Spread needed to break even
1.448%
Slippage from Hyperliquid: live order book, 10 min ago; Bybit: live order book, 2 min ago.

Cost of waiting

funding view
Funding /8h
0.0000%
Per $10,000 a day
+$0.00
Average in range /8h
—

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Hyperliquid live order book, 10 min ago1.30 bp29.4 bp −$29doesn't fitdoesn't fitdoesn't fit
Sell Bybit live order book, 2 min ago5.76 bp46.1 bp −$46139.2 bp −$1,392doesn't fitdoesn't fit

SKR price on every exchange

against the cheapest. Click to use as the short leg.
HTX0.01905cheapestAster0.01908+0.135%SunX0.01910+0.252%BloFin0.01911+0.283%Gate0.01911+0.289%Bitget0.01911+0.294%BingX0.01911+0.299%
Bybit0.01911+0.325%
Binance0.01912+0.346%
Hyperliquid0.01912+0.352%
Lighter0.01912+0.357%MEXC0.01912+0.357%Backpack0.01913+0.399%KuCoin0.01913+0.430%Phoenix0.01925+1.050%

SKR on 15 venues

cheapest first. Swap a leg.
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
HTX SKR-USDT−0.350%+0.0100%4h$13K$24K20xas long as short
Aster SKRUSDT−0.216%+0.0100%4h$26K$12K5xas long as short
SunX SKR-USDT−0.099%+0.0100%4h$2K$1.0M20xas long as short
BloFin SKR-USDT−0.068%+0.0098%4h$216K$72K20xas long as short
Gate SKR_USDT−0.063%+0.0100%4h$924K$105K20xas long as short
Bitget SKRUSDT−0.058%+0.0100%4h$1.4M$377K20xas long as short
BingX SKR-USDT−0.052%+0.0100%4h—$2.3M—as long as short
Bybit SKRUSDTshort−0.026%+0.0100%4h$4.2M$1.7M20x
Binance SKRUSDT−0.005%+0.0100%4h$3.0M$4.2M20xas long as short
Hyperliquid SKRlong0.000%+0.0100%1h$1.2M$332K3x
Show all 15 venues
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Lighter SKR+0.005%+0.0096%1h$12K$10K3xas long as short
MEXC SKR_USDT+0.005%+0.0100%4h$3.7M$287K20xas long as short
Backpack SKR_USDC_PERP+0.047%+0.0100%1h$60K$163K5xas long as short
KuCoin SKRUSDTM+0.078%+0.0100%4h$660K$178K20xas long as short
Phoenix SKR+0.696%+0.1248%1h$2K$8K3xas long as short