Funding arb · Price arb /

SKR

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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 0.000%

Price spread now: SunX against MEXC−0.287%7-day average −0.151% · you buy dearer than you sell

Net, funding: paid 7d − costs−$105as in the Funding arb table

Net, price: spread back to 7d avg − costs−$119as in the Price arb table

costs, in and out, $10k−$1051.052% of the position

Long on MEXC Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days0.000%$0 on $10k

Price spread, last 4 days (all we have)−0.754%−$75 · spread now −0.287%, 7d avg −0.151%

Together, before fees−0.754%−$75 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: SunX is 0.137% 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 −0.151%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC SKR_USDT	0.02053	0.0100	pay 0.0050% / 4h	1h 01m	$4.3M	$474K	20x
Short	SunX SKR-USDT	0.02047	0.0100	get 0.0050% / 4h	1h 01m	$1K	$2.3M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now −0.287%Rate

Funding earned: $0
Price spread: −0.287% → −0.151%: −$13.65
Slippage, 4 orders: −$93.22
Fee MEXC: 2 bp × 2 orders: −$4
Fee SunX: 4 bp × 2 orders: −$8
Net: −$118.87
Costs to cover: 1.052%
Break-even: never at this rate

Slippage from MEXC: live order book, 6 min ago; SunX: 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, 6 min ago	2.44 bp	9.0 bp −$9	43.8 bp −$438	232.1 bp −$23.2K	doesn't fit
Sell SunX live order book, 5 min ago	29.08 bp	48.3 bp −$48	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	0.02053	+0.005%	$230K	$159K	20x	as long as short
Lighter SKR	+0.0096%	1h	0.02050	−0.136%	$9K	$21K	3x	as long as short
Hyperliquid SKR	+0.0100%	1h	0.02054	+0.068%	$1.3M	$807K	3x	as long as short
Aster SKRUSDT	+0.0100%	4h	0.02054	+0.048%	$27K	$34K	5x	as long as short
Binance SKRUSDT	+0.0100%	4h	0.02053	+0.005%	$3.5M	$13.3M	20x	as long as short
Bybit SKRUSDT	+0.0100%	4h	0.02053	+0.034%	$4.4M	$5.3M	20x	as long as short
Gate SKR_USDT	+0.0100%	4h	0.02053	+0.015%	$996K	$558K	20x	as long as short
MEXC SKR_USDTlong	+0.0100%	4h	0.02053	long leg	$4.3M	$474K	20x
KuCoin SKRUSDTM	+0.0100%	4h	0.02051	−0.083%	$634K	$723K	20x	as long as short
Bitget SKRUSDT	+0.0100%	4h	0.02053	−0.010%	$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-USDT	+0.0100%	4h	0.02054	+0.044%	—	$2.4M	—	as long as short
SunX SKR-USDTshort	+0.0100%	4h	0.02047	−0.287%	$1K	$2.3M	20x
HTX SKR-USDT	+0.0100%	4h	0.02052	−0.049%	$13K	$36K	20x	as long as short
Backpack SKR_USDC_PERP	+0.0163%	1h	0.02051	−0.097%	$49K	$183K	5x	as long as short
Phoenix SKR	+0.1918%	1h	0.02055	+0.132%	$4K	$10K	3x	as long as short