Funding arb · Price arb /

SKR

all SKR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0236%/8h= −25.8% APRpaid last 24h −0.024%

Price spread now: BloFin against Lighter+0.128%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 BloFin

What this pair did over the last

the charts below follow

Funding, last 5 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

The price spread pays, funding is against you. BloFin is 0.128% dearer against Lighter than usual: you sell high and buy low (spread +0.128% now, against zero (this spread has no 7-day history yet)): +$13 on $10k if it goes back. Holding the pair costs −$7 a day in funding at the current rate, which eats that in about 44 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter SKR	0.02103	0.0096	pay 0.0012% / 1h	40m 25s	$14K	$16K	3x
Short	BloFin SKR-USDT	0.02106	−0.0140	pay 0.0070% / 4h	40m 25s	$234K	$154K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin 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 BloFinbpOrdersPrice spread, now +0.128%Rate

Funding earned: −$49.56
Price spread: +0.128% → 0.000%: $12.84
Slippage, 4 orders: no order book: not counted
Fee Lighter: 0 bp × 2 orders: $0
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$48.72
Costs to cover: 0.120%
Break-even: from the start

Slippage unknown: Lighter: no order-book sample; BloFin: live order book, 30 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 BloFin live order book, 30 min ago	0.95 bp	41.0 bp −$41	doesn't fit	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
BloFin SKR-USDTshort	−0.0140%	4h	0.02106	+0.128%	$234K	$154K	20x
Lighter SKRlong	+0.0096%	1h	0.02103	long leg	$14K	$16K	3x
Hyperliquid SKR	+0.0100%	1h	0.02109	+0.290%	$1.3M	$742K	3x	as long as short
Aster SKRUSDT	+0.0100%	4h	0.02106	+0.140%	$26K	$32K	5x	as long as short
Binance SKRUSDT	+0.0100%	4h	0.02109	+0.278%	$3.5M	$12.1M	20x	as long as short
Bybit SKRUSDT	+0.0100%	4h	0.02109	+0.276%	$4.5M	$4.9M	20x	as long as short
Gate SKR_USDT	+0.0100%	4h	0.02107	+0.176%	$1.0M	$529K	20x	as long as short
MEXC SKR_USDT	+0.0100%	4h	0.02108	+0.238%	$4.4M	$463K	20x	as long as short
KuCoin SKRUSDTM	+0.0100%	4h	0.02105	+0.081%	$676K	$685K	20x	as long as short
Bitget SKRUSDT	+0.0100%	4h	0.02110	+0.328%	$1.5M	$1.1M	20x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX SKR-USDT	+0.0100%	4h	0.02109	+0.290%	—	$2.4M	—	as long as short
SunX SKR-USDT	+0.0100%	4h	0.02102	−0.024%	$2K	$2.3M	20x	as long as short
HTX SKR-USDT	+0.0100%	4h	0.02119	+0.770%	$14K	$36K	20x	as long as short
Backpack SKR_USDC_PERP	+0.0316%	1h	0.02107	+0.190%	$50K	$213K	5x	as long as short
Phoenix SKR	+0.0755%	1h	0.02106	+0.152%	$4K	$10K	3x	as long as short