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 −0.016%

Price spread now: Gate against KuCoin+0.277%7-day average −0.097% · you sell dearer than you buy

Net, funding: paid 7d − costs−$890as in the Funding arb table

Net, price: spread back to 7d avg − costs−$840as in the Price arb table

costs, in and out, $10k−$8778.771% of the position

Long on KuCoin Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.131%−$13 on $10k

Price spread, last 4 days (all we have)−0.418%−$42 · spread now +0.277%, 7d avg −0.097%

Together, before fees−0.549%−$55 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: Gate is 0.374% dearer against KuCoin than usual: you sell high and buy low, +$37 on $10k if it goes back to its 7-day average of −0.097%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin SKRUSDTM	0.02134	0.0100	pay 0.0050% / 4h	2h 04m	$697K	$1.4M	20x
Short	Gate SKR_USDT	0.02140	0.0100	get 0.0050% / 4h	2h 04m	$1.0M	$1.6M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now +0.277%Rate

Funding earned: $0
Price spread: +0.277% → −0.097%: $37.4
Slippage, 4 orders: −$850.1
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$839.71
Costs to cover: 8.771%
Break-even: never at this rate

Slippage from KuCoin: live order book, 6 min ago; Gate: 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, 6 min ago	8.20 bp	331.3 bp −$331	doesn't fit	doesn't fit	doesn't fit
Sell Gate live order book, 3 min ago	10.13 bp	95.0 bp −$95	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	−0.0183%	4h	0.02117	−0.783%	$251K	$165K	20x	as long as short
Backpack SKR_USDC_PERP	−0.0089%	1h	0.02115	−0.895%	$53K	$206K	5x	as long as short
Hyperliquid SKR	−0.0072%	1h	0.02143	+0.436%	$1.4M	$1.4M	3x	as long as short
Bybit SKRUSDT	+0.0073%	4h	0.02130	−0.159%	$4.8M	$10.0M	20x	as long as short
Lighter SKR	+0.0096%	1h	0.02129	−0.234%	$8K	$30K	3x	as long as short
Aster SKRUSDT	+0.0100%	4h	0.02132	−0.069%	$25K	$117K	5x	as long as short
Binance SKRUSDT	+0.0100%	4h	0.02129	−0.237%	$3.9M	$26.0M	20x	as long as short
Gate SKR_USDTshort	+0.0100%	4h	0.02140	+0.277%	$1.0M	$1.6M	20x
MEXC SKR_USDT	+0.0100%	4h	0.02131	−0.103%	$5.1M	$820K	20x	as long as short
KuCoin SKRUSDTMlong	+0.0100%	4h	0.02134	long leg	$697K	$1.4M	20x

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget SKRUSDT	+0.0100%	4h	0.02129	−0.197%	$1.6M	$3.4M	20x	as long as short
BingX SKR-USDT	+0.0100%	4h	0.02132	−0.056%	—	$2.8M	—	as long as short
SunX SKR-USDT	+0.0100%	4h	0.02130	−0.164%	$2K	$3.1M	20x	as long as short
HTX SKR-USDT	+0.0100%	4h	0.02137	+0.164%	$14K	$40K	20x	as long as short
Phoenix SKR	+0.0735%	1h	0.02124	−0.455%	$4K	$10K	3x	as long as short