Funding arb · Price arb /

SKR

all SKR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.005%

Price spread now: BingX against MEXC0.000%7-day average +0.025% · you sell dearer than you buy

Net, funding: paid 7d − costs−$97as in the Funding arb table

Net, price: spread back to 7d avg − costs−$98as in the Price arb table

costs, in and out, $10k−$960.958% of the position

Long on MEXC Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.007%−$1 on $10k

Price spread, last 7 days+0.072%+$7 · spread now 0.000%, 7d avg +0.025%

Together, before fees+0.065%+$6 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 0.025% cheaper against MEXC than usual: you would sell low and buy high, −$2 on $10k if it goes back to its 7-day average of +0.025%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC SKR_USDT	0.02087	0.0100	pay 0.0050% / 4h	40m 09s	$4.3M	$474K	20x
Short	BingX SKR-USDT	0.02087	0.0100	get 0.0050% / 4h	40m 09s	—	$2.4M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against MEXC. 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 MEXCbpFee BingXbpOrdersPrice spread, now 0.000%Rate

Funding earned: $0
Price spread: 0.000% → +0.025%: −$2.46
Slippage, 4 orders: −$81.8
Fee MEXC: 2 bp × 2 orders: −$4
Fee BingX: 5 bp × 2 orders: −$10
Net: −$98.27
Costs to cover: 0.958%
Break-even: never at this rate

Slippage from MEXC: live order book, 2 min ago; BingX: live order book, 9 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 MEXC live order book, 2 min ago	0.96 bp	7.7 bp −$8	52.5 bp −$525	357.7 bp −$35.8K	doesn't fit
Sell BingX live order book, 9 min ago	5.98 bp	43.2 bp −$43	173.9 bp −$1,739	584.9 bp −$58.5K	1018.5 bp −$509.3K

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	0.02091	+0.182%	$229K	$165K	20x	as long as short
Lighter SKR	+0.0096%	1h	0.02083	−0.182%	$9K	$20K	3x	as long as short
Hyperliquid SKR	+0.0100%	1h	0.02087	+0.019%	$1.3M	$814K	3x	as long as short
Aster SKRUSDT	+0.0100%	4h	0.02089	+0.079%	$29K	$35K	5x	as long as short
Binance SKRUSDT	+0.0100%	4h	0.02087	−0.005%	$3.5M	$13.4M	20x	as long as short
Bybit SKRUSDT	+0.0100%	4h	0.02088	+0.043%	$4.5M	$5.3M	20x	as long as short
Gate SKR_USDT	+0.0100%	4h	0.02090	+0.134%	$1.0M	$555K	20x	as long as short
MEXC SKR_USDTlong	+0.0100%	4h	0.02087	long leg	$4.3M	$474K	20x
KuCoin SKRUSDTM	+0.0100%	4h	0.02088	+0.034%	$640K	$723K	20x	as long as short
Bitget SKRUSDT	+0.0100%	4h	0.02086	−0.038%	$1.5M	$1.3M	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-USDTshort	+0.0100%	4h	0.02087	0.000%	—	$2.4M	—
SunX SKR-USDT	+0.0100%	4h	0.02084	−0.139%	$2K	$2.3M	20x	as long as short
HTX SKR-USDT	+0.0100%	4h	0.02090	+0.144%	$14K	$35K	20x	as long as short
Backpack SKR_USDC_PERP	+0.1078%	1h	0.02087	+0.019%	$50K	$182K	5x	as long as short
Phoenix SKR	+0.1165%	1h	0.02094	+0.326%	$4K	$10K	3x	as long as short