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 +0.001%

Price spread now: Gate against MEXC+0.057%7-day average −0.013% · you sell dearer than you buy

Net, funding: paid 7d − costs−$157as in the Funding arb table

Net, price: spread back to 7d avg − costs−$150as in the Price arb table

costs, in and out, $10k−$1571.573% of the position

Long on MEXC Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days+0.001%$0 on $10k

Price spread, last 7 days−0.052%−$5 · spread now +0.057%, 7d avg −0.013%

Together, before fees−0.051%−$5 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 0.070% dearer against MEXC than usual: you sell high and buy low, +$7 on $10k if it goes back to its 7-day average of −0.013%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC SKR_USDT	0.02105	0.0100	pay 0.0050% / 4h	52m 22s	$5.0M	$831K	20x
Short	Gate SKR_USDT	0.02106	0.0100	get 0.0050% / 4h	52m 22s	$997K	$1.7M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now +0.057%Rate

Funding earned: $0
Price spread: +0.057% → −0.013%: $7.04
Slippage, 4 orders: −$138.34
Fee MEXC: 2 bp × 2 orders: −$4
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$150.3
Costs to cover: 1.573%
Break-even: never at this rate

Slippage from MEXC: live order book, 5 min ago; Gate: live order book, 5 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, 5 min ago	1.19 bp	7.7 bp −$8	41.9 bp −$419	325.1 bp −$32.5K	doesn't fit
Sell Gate live order book, 5 min ago	7.88 bp	71.8 bp −$72	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
Backpack SKR_USDC_PERP	−0.0200%	1h	0.02099	−0.271%	$52K	$213K	5x	as long as short
BloFin SKR-USDT	−0.0140%	4h	0.02099	−0.276%	$240K	$165K	20x	as long as short
Lighter SKR	+0.0096%	1h	0.02098	−0.314%	$8K	$26K	3x	as long as short
Hyperliquid SKR	+0.0100%	1h	0.02104	−0.024%	$1.3M	$1.4M	3x	as long as short
Aster SKRUSDT	+0.0100%	4h	0.02103	−0.074%	$26K	$118K	5x	as long as short
Binance SKRUSDT	+0.0100%	4h	0.02104	−0.039%	$3.7M	$27.4M	20x	as long as short
Bybit SKRUSDT	+0.0100%	4h	0.02105	0.000%	$4.7M	$10.6M	20x	as long as short
Gate SKR_USDTshort	+0.0100%	4h	0.02106	+0.057%	$997K	$1.7M	20x
MEXC SKR_USDTlong	+0.0100%	4h	0.02105	long leg	$5.0M	$831K	20x
KuCoin SKRUSDTM	+0.0100%	4h	0.02103	−0.076%	$764K	$1.5M	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	0.02107	+0.100%	$1.6M	$3.5M	20x	as long as short
BingX SKR-USDT	+0.0100%	4h	0.02105	−0.014%	—	$2.8M	—	as long as short
SunX SKR-USDT	+0.0100%	4h	0.02103	−0.071%	$2K	$3.2M	20x	as long as short
HTX SKR-USDT	+0.0100%	4h	0.02105	0.000%	$14K	$40K	20x	as long as short
Phoenix SKR	+0.1148%	1h	0.02098	−0.314%	$4K	$10K	3x	as long as short