Funding arb · Price arb /

SKR

all SKR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h +0.001%

Price spread now: Binance against Lighter+0.587%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Lighter Short on Binance

What this pair did over the last

the charts below follow

Funding, last 6 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropLighter: Season 3 · farm boardneeds both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Binance is 0.587% dearer against Lighter than usual: you sell high and buy low, +$59 on $10k if it goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter SKR	0.02086	0.0096	pay 0.0012% / 1h	45m 28s	$8K	$26K	3x
Short	Binance SKRUSDT	0.02098	0.0100	get 0.0050% / 4h	1h 45m	$3.7M	$26.7M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Lighter. 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 LighterbpFee BinancebpOrdersPrice spread, now +0.587%Rate

Funding earned: $0.84
Price spread: +0.587% → 0.000%: $58.74
Slippage, 4 orders: no order book: not counted
Fee Lighter: 0 bp × 2 orders: $0
Fee Binance: 5 bp × 2 orders: −$10
Net: $49.58
Costs to cover: 0.100%
Break-even: from the start

Slippage unknown: Lighter: no order-book sample; Binance: live order book, 11 min ago. Net counts fees only.

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 Lighter no order-book sample	—	—	—	—	—
Sell Binance live order book, 11 min ago	0.96 bp	30.5 bp −$30	146.9 bp −$1,469	doesn't fit	doesn't fit

Lighter: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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
Backpack SKR_USDC_PERP	−0.0250%	1h	0.02086	−0.010%	$55K	$208K	5x	as long as short
BloFin SKR-USDT	−0.0140%	4h	0.02079	−0.331%	$249K	$164K	20x	as long as short
Lighter SKRlong	+0.0096%	1h	0.02086	long leg	$8K	$26K	3x
Hyperliquid SKR	+0.0100%	1h	0.02099	+0.633%	$1.4M	$1.4M	3x	as long as short
Aster SKRUSDT	+0.0100%	4h	0.02095	+0.454%	$25K	$117K	5x	as long as short
Binance SKRUSDTshort	+0.0100%	4h	0.02098	+0.587%	$3.7M	$26.7M	20x
Bybit SKRUSDT	+0.0100%	4h	0.02099	+0.647%	$4.8M	$10.2M	20x	as long as short
Gate SKR_USDT	+0.0100%	4h	0.02098	+0.590%	$992K	$1.6M	20x	as long as short
MEXC SKR_USDT	+0.0100%	4h	0.02096	+0.465%	$5.0M	$825K	20x	as long as short
KuCoin SKRUSDTM	+0.0100%	4h	0.02098	+0.575%	$640K	$1.4M	20x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget SKRUSDT	+0.0100%	4h	0.02100	+0.676%	$1.6M	$3.4M	20x	as long as short
BingX SKR-USDT	+0.0100%	4h	0.02100	+0.676%	—	$2.8M	—	as long as short
SunX SKR-USDT	+0.0100%	4h	0.02084	−0.082%	$2K	$3.2M	20x	as long as short
HTX SKR-USDT	+0.0100%	4h	0.02080	−0.292%	$14K	$40K	20x	as long as short
Phoenix SKR	+0.0377%	1h	0.02081	−0.235%	$4K	$10K	3x	as long as short