Funding arb · Price arb /

SKR

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h −0.001%

Price spread now: Lighter against MEXC+0.028%7-day average — · you sell dearer than you buy

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

Long on MEXC Short on Lighter

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: Lighter is 0.028% dearer against MEXC than usual: you sell high and buy low, +$3 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	MEXC SKR_USDT	0.02127	0.0100	pay 0.0050% / 4h	2h 26m	$5.1M	$816K	20x
Short	Lighter SKR	0.02128	0.0096	get 0.0012% / 1h	26m 43s	$8K	$23K	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter 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 LighterbpOrdersPrice spread, now +0.028%Rate

Funding earned: −$0.84
Price spread: +0.028% → 0.000%: $2.82
Slippage, 4 orders: no order book: not counted
Fee MEXC: 2 bp × 2 orders: −$4
Fee Lighter: 0 bp × 2 orders: $0
Net: −$2.02
Costs to cover: 0.040%
Break-even: never at this rate

Slippage unknown: MEXC: live order book, 6 min ago; Lighter: no order-book sample. 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 MEXC live order book, 6 min ago	4.45 bp	11.0 bp −$11	47.5 bp −$475	410.5 bp −$41.1K	doesn't fit
Sell Lighter no order-book sample	—	—	—	—	—

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	−0.0625%	4h	0.02121	−0.310%	$271K	$165K	20x	as long as short
Bybit SKRUSDT	−0.0385%	4h	0.02128	+0.042%	$4.9M	$9.7M	20x	as long as short
Hyperliquid SKR	−0.0356%	1h	0.02131	+0.169%	$1.4M	$1.3M	3x	as long as short
Backpack SKR_USDC_PERP	−0.0300%	1h	0.02135	+0.367%	$56K	$204K	5x	as long as short
Lighter SKRshort	+0.0096%	1h	0.02128	+0.028%	$8K	$23K	3x
Aster SKRUSDT	+0.0100%	4h	0.02126	−0.068%	$25K	$115K	5x	as long as short
Binance SKRUSDT	+0.0100%	4h	0.02128	+0.035%	$3.9M	$25.1M	20x	as long as short
Gate SKR_USDT	+0.0100%	4h	0.02138	+0.489%	$1.0M	$1.6M	20x	as long as short
MEXC SKR_USDTlong	+0.0100%	4h	0.02127	long leg	$5.1M	$816K	20x
KuCoin SKRUSDTM	+0.0100%	4h	0.02126	−0.061%	$700K	$1.4M	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	0.02131	+0.193%	$1.6M	$3.3M	20x	as long as short
BingX SKR-USDT	+0.0100%	4h	0.02130	+0.141%	—	$2.7M	—	as long as short
SunX SKR-USDT	+0.0100%	4h	0.02125	−0.113%	$1K	$3.0M	20x	as long as short
HTX SKR-USDT	+0.0100%	4h	0.02102	−1.161%	$14K	$39K	20x	as long as short
Phoenix SKR	+0.0735%	1h	0.02110	−0.790%	$4K	$10K	3x	as long as short