Funding arb · Price arb /

SKR

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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 −0.023%

Price spread now: BingX against KuCoin−0.069%7-day average −0.040% · you buy dearer than you sell

Net, funding: paid 7d − costs−$343as in the Funding arb table

Net, price: spread back to 7d avg − costs−$332as in the Price arb table

costs, in and out, $10k−$3293.292% of the position

Long on KuCoin Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.142%−$14 on $10k

Price spread, last 4 days (all we have)+0.025%+$3 · spread now −0.069%, 7d avg −0.040%

Together, before fees−0.116%−$12 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: BingX is 0.030% cheaper against KuCoin than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of −0.040%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin SKRUSDTM	0.02163	0.0100	pay 0.0050% / 4h	3h 15m	$664K	$737K	20x
Short	BingX SKR-USDT	0.02162	0.0100	get 0.0050% / 4h	3h 15m	—	$2.4M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX 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 BingXbpOrdersPrice spread, now −0.069%Rate

Funding earned: $0
Price spread: −0.069% → −0.040%: −$2.98
Slippage, 4 orders: −$307.23
Fee KuCoin: 6 bp × 2 orders: −$12
Fee BingX: 5 bp × 2 orders: −$10
Net: −$332.21
Costs to cover: 3.292%
Break-even: never at this rate

Slippage from KuCoin: live order book, 59 min ago; BingX: live order book, 3 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, 59 min ago	9.84 bp	133.1 bp −$133	doesn't fit	doesn't fit	doesn't fit
Sell BingX live order book, 3 min ago	6.24 bp	25.6 bp −$26	144.6 bp −$1,446	549.9 bp −$55.0K	1023.9 bp −$511.9K

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	0.02165	+0.065%	$245K	$172K	20x	as long as short
Lighter SKR	+0.0096%	1h	0.02164	+0.028%	$9K	$20K	3x	as long as short
Hyperliquid SKR	+0.0100%	1h	0.02166	+0.120%	$1.4M	$819K	3x	as long as short
Aster SKRUSDT	+0.0100%	4h	0.02161	−0.095%	$30K	$38K	5x	as long as short
Binance SKRUSDT	+0.0100%	4h	0.02163	−0.018%	$3.7M	$13.9M	20x	as long as short
Bybit SKRUSDT	+0.0100%	4h	0.02163	−0.028%	$4.6M	$5.4M	20x	as long as short
MEXC SKR_USDT	+0.0100%	4h	0.02166	+0.106%	$4.5M	$481K	20x	as long as short
KuCoin SKRUSDTMlong	+0.0100%	4h	0.02163	long leg	$664K	$737K	20x
Bitget SKRUSDT	+0.0100%	4h	0.02166	+0.106%	$1.5M	$1.4M	20x	as long as short
BingX SKR-USDTshort	+0.0100%	4h	0.02162	−0.069%	—	$2.4M	—

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX SKR-USDT	+0.0100%	4h	0.02158	−0.227%	$2K	$2.3M	20x	as long as short
HTX SKR-USDT	+0.0100%	4h	0.02171	+0.342%	$14K	$34K	20x	as long as short
Gate SKR_USDT	+0.0248%	4h	0.02165	+0.097%	$1.1M	$580K	20x	as long as short
Backpack SKR_USDC_PERP	+0.0729%	1h	0.02161	−0.116%	$52K	$164K	5x	as long as short
Phoenix SKR	+0.0747%	1h	0.02169	+0.273%	$4K	$10K	3x	as long as short