SKR

Alert

Spread before costs (cost unknown: a leg has no order-book sample)−0.339%

7d average—if it closes, per $10,000$34funding while held, a day+$3.00

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phoenix SKR	0.02093	0	get 0.0000% / 1h	40m 18s	$4K	$9K	3x
Short	Backpack SKR_USDC_PERP	0.02086	0.0100	get 0.0013% / 1h	40m 18s	$52K	$241K	5x

Price spread history

latest

Range statsloading…

How often the spread is this wide

share of time at each level, last 7D

Backtest

opened in the past, held until now, after costs

Backtest 7 days Backtest 30 days Backtest 90 daysopens the backtester with this pair and $10,000 a leg

Profit calculator

Position, each leg$Hold forhoursFee PhoenixbpFee BackpackbpOrdersClose when spread is

Spread captured: −$33.92
Funding while held: $3
Slippage, 4 orders: no order book: not counted
Fee Phoenix: 3.5 bp × 2 orders: −$7
Fee Backpack: 5 bp × 2 orders: −$10
Net: −$47.92
Spread needed to break even: 0.170%

Slippage unknown: Phoenix: no order-book sample; Backpack: live order book, 45 min ago. Net counts fees only.

Cost of waiting

funding view

Funding /8h: +0.0100%
Per $10,000 a day: +$3.00
Average in range /8h: —

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 Phoenix no order-book sample	—	—	—	—	—
Sell Backpack live order book, 45 min ago	1.69 bp	26.4 bp −$26	doesn't fit	doesn't fit	doesn't fit

Phoenix: 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 price on every exchange

against the cheapest. Click to use as the short leg.

Lighter0.02083cheapest

Backpack0.02086+0.158%

Gate0.02088+0.250%Bybit0.02088+0.254%MEXC0.02088+0.259%SunX0.02088+0.259%Aster0.02088+0.271%Binance0.02089+0.288%Bitget0.02090+0.355%Hyperliquid0.02091+0.379%KuCoin0.02091+0.413%BingX0.02093+0.485%

Phoenix0.02093+0.499%

BloFin0.02094+0.543%HTX0.02094+0.557%

SKR on 15 venues

cheapest first. Swap a leg.

Exchange	vs long leg	Funding /8h	Every	OI	Vol 24h	Max lev
Lighter SKR	−0.497%	+0.0096%	1h	$14K	$18K	3x	as long as short
Backpack SKR_USDC_PERPshort	−0.339%	+0.0100%	1h	$52K	$241K	5x
Gate SKR_USDT	−0.248%	+0.0100%	4h	$1.0M	$515K	20x	as long as short
Bybit SKRUSDT	−0.244%	+0.0100%	4h	$4.5M	$4.5M	20x	as long as short
MEXC SKR_USDT	−0.239%	+0.0100%	4h	$4.4M	$456K	20x	as long as short
SunX SKR-USDT	−0.239%	+0.0100%	4h	$2K	$2.2M	20x	as long as short
Aster SKRUSDT	−0.227%	+0.0100%	4h	$27K	$32K	5x	as long as short
Binance SKRUSDT	−0.210%	+0.0100%	4h	$3.5M	$11.0M	20x	as long as short
Bitget SKRUSDT	−0.143%	+0.0100%	4h	$1.5M	$1.1M	20x	as long as short
Hyperliquid SKR	−0.119%	+0.0100%	1h	$1.3M	$700K	3x	as long as short

Show all 15 venues

Exchange	vs long leg	Funding /8h	Every	OI	Vol 24h	Max lev
KuCoin SKRUSDTM	−0.086%	+0.0100%	4h	$679K	$682K	20x	as long as short
BingX SKR-USDT	−0.014%	+0.0100%	4h	—	$2.4M	—	as long as short
Phoenix SKRlong	0.000%	0.0000%	1h	$4K	$9K	3x
BloFin SKR-USDT	+0.043%	−0.0016%	4h	$241K	$144K	20x	as long as short
HTX SKR-USDT	+0.057%	+0.0100%	4h	$15K	$34K	20x	as long as short