Funding arb · Price arb /

SKR

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.005%

Price spread now: BingX against SunX+0.200%7-day average +0.179% · you sell dearer than you buy

Net, funding: paid 7d − costs−$168as in the Funding arb table

Net, price: spread back to 7d avg − costs−$166as in the Price arb table

costs, in and out, $10k−$1681.676% of the position

Long on SunX Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.007%−$1 on $10k

Price spread, last 3 days (all we have)+0.404%+$40 · spread now +0.200%, 7d avg +0.179%

Together, before fees+0.397%+$40 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: BingX is 0.021% dearer against SunX than usual: you sell high and buy low, +$2 on $10k if it goes back to its 7-day average of +0.179%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX SKR-USDT	0.02102	0.0100	pay 0.0050% / 4h	2h 00m	$1K	$2.3M	20x
Short	BingX SKR-USDT	0.02106	0.0100	get 0.0050% / 4h	2h 00m	—	$2.4M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against SunX. 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 SunXbpFee BingXbpOrdersPrice spread, now +0.200%Rate

Funding earned: $0
Price spread: +0.200% → +0.179%: $2.07
Slippage, 4 orders: −$149.59
Fee SunX: 4 bp × 2 orders: −$8
Fee BingX: 5 bp × 2 orders: −$10
Net: −$165.53
Costs to cover: 1.676%
Break-even: never at this rate

Slippage from SunX: live order book, 6 min ago; BingX: live order book, 3 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 SunX live order book, 6 min ago	26.83 bp	42.6 bp −$43	doesn't fit	doesn't fit	doesn't fit
Sell BingX live order book, 3 min ago	4.51 bp	37.8 bp −$38	109.8 bp −$1,098	619.5 bp −$61.9K	1042.7 bp −$521.4K

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	0.02104	+0.114%	$239K	$152K	20x	as long as short
Lighter SKR	+0.0096%	1h	0.02100	−0.067%	$14K	$17K	3x	as long as short
Hyperliquid SKR	+0.0100%	1h	0.02106	+0.224%	$1.3M	$735K	3x	as long as short
Aster SKRUSDT	+0.0100%	4h	0.02105	+0.163%	$26K	$33K	5x	as long as short
Binance SKRUSDT	+0.0100%	4h	0.02105	+0.185%	$3.6M	$11.8M	20x	as long as short
Bybit SKRUSDT	+0.0100%	4h	0.02105	+0.157%	$4.5M	$4.8M	20x	as long as short
Gate SKR_USDT	+0.0100%	4h	0.02105	+0.157%	$1.0M	$531K	20x	as long as short
MEXC SKR_USDT	+0.0100%	4h	0.02106	+0.186%	$4.4M	$493K	20x	as long as short
KuCoin SKRUSDTM	+0.0100%	4h	0.02107	+0.233%	$683K	$685K	20x	as long as short
Bitget SKRUSDT	+0.0100%	4h	0.02107	+0.257%	$1.5M	$1.1M	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-USDTshort	+0.0100%	4h	0.02106	+0.200%	—	$2.4M	—
Backpack SKR_USDC_PERP	+0.0100%	1h	0.02105	+0.143%	$50K	$220K	5x	as long as short
SunX SKR-USDTlong	+0.0100%	4h	0.02102	long leg	$1K	$2.3M	20x
HTX SKR-USDT	+0.0100%	4h	0.02101	−0.014%	$14K	$37K	20x	as long as short
Phoenix SKR	+0.1507%	1h	0.02110	+0.404%	$4K	$10K	3x	as long as short