Funding arb · Price arb /

SKR

all SKR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.017%

Price spread now: Binance against KuCoin+0.019%7-day average −0.071% · you sell dearer than you buy

Net, funding: paid 7d − costs−$340as in the Funding arb table

Net, price: spread back to 7d avg − costs−$318as in the Price arb table

costs, in and out, $10k−$3273.271% of the position

Long on KuCoin Short on Binance

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)−0.036%−$4 · spread now +0.019%, 7d avg −0.071%

Together, before fees−0.169%−$17 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: Binance is 0.090% dearer against KuCoin than usual: you sell high and buy low, +$9 on $10k if it goes back to its 7-day average of −0.071%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin SKRUSDTM	0.02162	0.0100	pay 0.0050% / 4h	3h 18m	$664K	$737K	20x
Short	Binance SKRUSDT	0.02163	0.0100	get 0.0050% / 4h	3h 18m	$3.7M	$13.8M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against KuCoin. 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 KuCoinbpFee BinancebpOrdersPrice spread, now +0.019%Rate

Funding earned: $0
Price spread: +0.019% → −0.071%: $8.98
Slippage, 4 orders: −$305.12
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Binance: 5 bp × 2 orders: −$10
Net: −$318.14
Costs to cover: 3.271%
Break-even: never at this rate

Slippage from KuCoin: live order book, 56 min ago; Binance: live order book, 7 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, 56 min ago	9.84 bp	133.1 bp −$133	doesn't fit	doesn't fit	doesn't fit
Sell Binance live order book, 7 min ago	0.69 bp	31.3 bp −$31	134.3 bp −$1,343	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	0.02164	+0.069%	$242K	$172K	20x	as long as short
Lighter SKR	+0.0096%	1h	0.02159	−0.129%	$9K	$20K	3x	as long as short
Hyperliquid SKR	+0.0100%	1h	0.02163	+0.042%	$1.4M	$819K	3x	as long as short
Aster SKRUSDT	+0.0100%	4h	0.02161	−0.053%	$30K	$38K	5x	as long as short
Binance SKRUSDTshort	+0.0100%	4h	0.02163	+0.019%	$3.7M	$13.8M	20x
Bybit SKRUSDT	+0.0100%	4h	0.02162	−0.023%	$4.6M	$5.4M	20x	as long as short
MEXC SKR_USDT	+0.0100%	4h	0.02163	+0.014%	$4.5M	$481K	20x	as long as short
KuCoin SKRUSDTMlong	+0.0100%	4h	0.02162	long leg	$664K	$737K	20x
Bitget SKRUSDT	+0.0100%	4h	0.02162	0.000%	$1.5M	$1.4M	20x	as long as short
SunX SKR-USDT	+0.0100%	4h	0.02159	−0.129%	$1K	$2.3M	20x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX SKR-USDT	+0.0100%	4h	0.02171	+0.384%	$14K	$34K	20x	as long as short
Gate SKR_USDT	+0.0256%	4h	0.02163	+0.037%	$1.1M	$580K	20x	as long as short
BingX SKR-USDT	+0.0290%	4h	0.02164	+0.065%	—	$2.3M	—	as long as short
Phoenix SKR	+0.0747%	1h	0.02179	+0.786%	$4K	$10K	3x	as long as short
Backpack SKR_USDC_PERP	+0.0758%	1h	0.02161	−0.060%	$52K	$165K	5x	as long as short