Funding arb · Price arb /

SKR

all SKR markets

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 +0.017%

Price spread now: KuCoin against MEXC−0.069%7-day average +0.074% · you buy dearer than you sell

Net, funding: paid 7d − costs−$267as in the Funding arb table

Net, price: spread back to 7d avg − costs−$295as in the Price arb table

costs, in and out, $10k−$2812.805% of the position

Long on MEXC Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.133%+$13 on $10k

Price spread, last 4 days (all we have)+0.155%+$15 · spread now −0.069%, 7d avg +0.074%

Together, before fees+0.287%+$29 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: KuCoin is 0.144% cheaper against MEXC than usual: you would sell low and buy high, −$14 on $10k if it goes back to its 7-day average of +0.074%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC SKR_USDT	0.02162	0.0100	pay 0.0050% / 4h	3h 40m	$4.5M	$478K	20x
Short	KuCoin SKRUSDTM	0.02161	0.0100	get 0.0050% / 4h	3h 40m	$662K	$735K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now −0.069%Rate

Funding earned: $0
Price spread: −0.069% → +0.074%: −$14.37
Slippage, 4 orders: −$264.52
Fee MEXC: 2 bp × 2 orders: −$4
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$294.89
Costs to cover: 2.805%
Break-even: never at this rate

Slippage from MEXC: live order book, 2 min ago; KuCoin: live order book, 34 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	2.55 bp	9.2 bp −$9	57.3 bp −$573	345.9 bp −$34.6K	doesn't fit
Sell KuCoin live order book, 34 min ago	9.84 bp	129.4 bp −$129	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
BloFin SKR-USDT	−0.0140%	4h	0.02162	+0.005%	$240K	$172K	20x	as long as short
BingX SKR-USDT	+0.0070%	4h	0.02165	+0.129%	—	$2.4M	—	as long as short
Lighter SKR	+0.0096%	1h	0.02161	−0.069%	$9K	$20K	3x	as long as short
Hyperliquid SKR	+0.0100%	1h	0.02163	+0.018%	$1.4M	$818K	3x	as long as short
Aster SKRUSDT	+0.0100%	4h	0.02159	−0.156%	$28K	$37K	5x	as long as short
Binance SKRUSDT	+0.0100%	4h	0.02162	+0.014%	$3.7M	$13.7M	20x	as long as short
Bybit SKRUSDT	+0.0100%	4h	0.02162	+0.009%	$4.6M	$5.4M	20x	as long as short
MEXC SKR_USDTlong	+0.0100%	4h	0.02162	long leg	$4.5M	$478K	20x
KuCoin SKRUSDTMshort	+0.0100%	4h	0.02161	−0.069%	$662K	$735K	20x
Bitget SKRUSDT	+0.0100%	4h	0.02161	−0.055%	$1.6M	$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
SunX SKR-USDT	+0.0100%	4h	0.02155	−0.319%	$2K	$2.3M	20x	as long as short
HTX SKR-USDT	+0.0100%	4h	0.02159	−0.134%	$14K	$34K	20x	as long as short
Gate SKR_USDT	+0.0212%	4h	0.02161	−0.032%	$1.1M	$574K	20x	as long as short
Backpack SKR_USDC_PERP	+0.0708%	1h	0.02159	−0.134%	$52K	$166K	5x	as long as short
Phoenix SKR	+0.0747%	1h	0.02163	+0.032%	$4K	$10K	3x	as long as short