Funding arb · Price arb /

SKR

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h +0.019%

Price spread now: KuCoin against Lighter−0.308%7-day average — · you buy dearer than you sell

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

Long on Lighter Short on KuCoin

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: KuCoin is 0.308% cheaper against Lighter than usual: you would sell low and buy high, −$31 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	0.02107	0.0096	pay 0.0012% / 1h	39m 24s	$8K	$26K	3x
Short	KuCoin SKRUSDTM	0.02101	0.0100	get 0.0050% / 4h	1h 39m	$637K	$1.4M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now −0.308%Rate

Funding earned: $0.84
Price spread: −0.308% → 0.000%: −$30.84
Slippage, 4 orders: no order book: not counted
Fee Lighter: 0 bp × 2 orders: $0
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$42
Costs to cover: 0.120%
Break-even: 357.0 days

Slippage unknown: Lighter: no order-book sample; KuCoin: live order book, 6 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 KuCoin live order book, 6 min ago	8.56 bp	535.5 bp −$536	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-USDT	−0.0140%	4h	0.02127	+0.930%	$244K	$168K	20x	as long as short
Backpack SKR_USDC_PERP	−0.0016%	1h	0.02106	−0.066%	$56K	$208K	5x	as long as short
Lighter SKRlong	+0.0096%	1h	0.02107	long leg	$8K	$26K	3x
Hyperliquid SKR	+0.0100%	1h	0.02100	−0.375%	$1.4M	$1.4M	3x	as long as short
Aster SKRUSDT	+0.0100%	4h	0.02104	−0.188%	$25K	$117K	5x	as long as short
Binance SKRUSDT	+0.0100%	4h	0.02099	−0.418%	$3.7M	$26.9M	20x	as long as short
Bybit SKRUSDT	+0.0100%	4h	0.02100	−0.370%	$4.7M	$10.4M	20x	as long as short
Gate SKR_USDT	+0.0100%	4h	0.02100	−0.332%	$991K	$1.6M	20x	as long as short
MEXC SKR_USDT	+0.0100%	4h	0.02101	−0.313%	$5.0M	$826K	20x	as long as short
KuCoin SKRUSDTMshort	+0.0100%	4h	0.02101	−0.308%	$637K	$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	0.02099	−0.384%	$1.6M	$3.5M	20x	as long as short
BingX SKR-USDT	+0.0100%	4h	0.02099	−0.399%	—	$2.8M	—	as long as short
SunX SKR-USDT	+0.0100%	4h	0.02099	−0.399%	$2K	$3.2M	20x	as long as short
HTX SKR-USDT	+0.0100%	4h	0.02113	+0.237%	$14K	$40K	20x	as long as short
Phoenix SKR	+0.0377%	1h	0.02128	+0.992%	$4K	$10K	3x	as long as short