Funding you earn now, next payment 09:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.026%
Price spread now: Backpack against KuCoin−0.037%7-day average −0.040% · you buy dearer than you sell
Net, funding: paid 7d − costs−$188as in the Funding arb table
Net, price: spread back to 7d avg − costs−$227as in the Price arb table
costs, in and out, $10k−$2282.276% of the position
Funding, last 7 days+0.397%+$40 on $10k
+Price spread, last 4 days (all we have)+0.058%+$6 · spread now −0.037%, 7d avg −0.040%
=| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin SKRUSDTM | 0.02143 | 0.0100 | pay 0.0050% / 4h | 3h 41m | $784K | $1.5M | 20x |
| Short | Backpack SKR_USDC_PERP | 0.02142 | 0.0100 | get 0.0013% / 1h | 41m 49s | $53K | $211K | 5x |
KuCoin SKRUSDTM
Backpack SKR_USDC_PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Backpack against KuCoin. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $0
- Price spread: −0.037% → −0.040%
- $0.24
- Slippage, 4 orders
- −$205.58
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Backpack: 5 bp × 2 orders
- −$10
- Net
- −$227.34
- Costs to cover
- 2.276%
- Break-even
- never at this rate
Slippage from KuCoin: live order book, 4 min ago; Backpack: live order book, 52 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 KuCoin live order book, 4 min ago | 9.13 bp | 77.8 bp −$78 | doesn't fit | doesn't fit | doesn't fit |
| Sell Backpack live order book, 52 min ago | 0.24 bp | 21.9 bp −$22 | 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 | 0.02130 | −0.616% | $235K | $168K | 20x | as long as short |
| Lighter SKR | +0.0096% | 1h | 0.02146 | +0.117% | $8K | $26K | 3x | as long as short |
| Hyperliquid SKR | +0.0100% | 1h | 0.02143 | −0.019% | $1.3M | $1.4M | 3x | as long as short |
| Aster SKRUSDT | +0.0100% | 4h | 0.02144 | +0.056% | $25K | $121K | 5x | as long as short |
| Binance SKRUSDT | +0.0100% | 4h | 0.02145 | +0.062% | $3.8M | $27.9M | 20x | as long as short |
| Bybit SKRUSDT | +0.0100% | 4h | 0.02146 | +0.131% | $4.7M | $10.7M | 20x | as long as short |
| Gate SKR_USDT | +0.0100% | 4h | 0.02145 | +0.065% | $1.0M | $1.7M | 20x | as long as short |
| MEXC SKR_USDT | +0.0100% | 4h | 0.02144 | +0.023% | $5.1M | $809K | 20x | as long as short |
| KuCoin SKRUSDTMlong | +0.0100% | 4h | 0.02143 | long leg | $784K | $1.5M | 20x | |
| Bitget SKRUSDT | +0.0100% | 4h | 0.02145 | +0.075% | $1.6M | $3.6M | 20x | as long as short |
BloFin SKR-USDT
Lighter SKR
Hyperliquid SKR
Aster SKRUSDT
Binance SKRUSDT
Bybit SKRUSDT
Gate SKR_USDT
MEXC SKR_USDT
Bitget SKRUSDTShow all 15 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX SKR-USDT | +0.0100% | 4h | 0.02144 | +0.037% | — | $2.8M | — | as long as short |
| Backpack SKR_USDC_PERPshort | +0.0100% | 1h | 0.02142 | −0.037% | $53K | $211K | 5x | |
| SunX SKR-USDT | +0.0100% | 4h | 0.02129 | −0.644% | $2K | $3.2M | 20x | as long as short |
| HTX SKR-USDT | +0.0100% | 4h | 0.02139 | −0.215% | $14K | $40K | 20x | as long as short |
| Phoenix SKR | +0.0380% | 1h | 0.02134 | −0.443% | $4K | $10K | 3x | as long as short |
BingX SKR-USDT
SunX SKR-USDT
HTX SKR-USDT
Phoenix SKR