Funding arb · Price arb /

SKR

all SKR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.001%

Price spread now: Gate against SunX+0.028%7-day average +0.115% · you sell dearer than you buy

Net, funding: paid 7d − costs−$268as in the Funding arb table

Net, price: spread back to 7d avg − costs−$277as in the Price arb table

costs, in and out, $10k−$2682.684% of the position

Long on SunX Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days+0.001%$0 on $10k

Price spread, last 4 days (all we have)+0.977%+$98 · spread now +0.028%, 7d avg +0.115%

Together, before fees+0.978%+$98 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: Gate is 0.086% cheaper against SunX than usual: you would sell low and buy high, −$9 on $10k if it goes back to its 7-day average of +0.115%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX SKR-USDT	0.02111	0.0100	pay 0.0050% / 4h	2h 59m	$2K	$3.2M	20x
Short	Gate SKR_USDT	0.02111	0.0100	get 0.0050% / 4h	2h 59m	$992K	$1.7M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now +0.028%Rate

Funding earned: $0
Price spread: +0.028% → +0.115%: −$8.64
Slippage, 4 orders: −$245.43
Fee SunX: 4 bp × 2 orders: −$8
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$277.08
Costs to cover: 2.684%
Break-even: never at this rate

Slippage from SunX: live order book, 8 min ago; Gate: 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, 8 min ago	13.56 bp	28.4 bp −$28	doesn't fit	doesn't fit	doesn't fit
Sell Gate live order book, 3 min ago	10.65 bp	84.3 bp −$84	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	0.02111	+0.024%	$236K	$165K	20x	as long as short
Lighter SKR	+0.0096%	1h	0.02110	−0.057%	$8K	$26K	3x	as long as short
Hyperliquid SKR	+0.0100%	1h	0.02109	−0.066%	$1.3M	$1.5M	3x	as long as short
Aster SKRUSDT	+0.0100%	4h	0.02112	+0.030%	$26K	$122K	5x	as long as short
Binance SKRUSDT	+0.0100%	4h	0.02110	−0.039%	$3.7M	$28.3M	20x	as long as short
Bybit SKRUSDT	+0.0100%	4h	0.02111	+0.028%	$4.6M	$10.9M	20x	as long as short
Gate SKR_USDTshort	+0.0100%	4h	0.02111	+0.028%	$992K	$1.7M	20x
MEXC SKR_USDT	+0.0100%	4h	0.02110	−0.038%	$5.0M	$805K	20x	as long as short
KuCoin SKRUSDTM	+0.0100%	4h	0.02111	+0.028%	$703K	$1.6M	20x	as long as short
Bitget SKRUSDT	+0.0100%	4h	0.02111	−0.014%	$1.6M	$3.6M	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	0.02110	−0.057%	—	$2.8M	—	as long as short
SunX SKR-USDTlong	+0.0100%	4h	0.02111	long leg	$2K	$3.2M	20x
HTX SKR-USDT	+0.0100%	4h	0.02113	+0.076%	$14K	$40K	20x	as long as short
Backpack SKR_USDC_PERP	+0.0143%	1h	0.02111	+0.024%	$53K	$205K	5x	as long as short
Phoenix SKR	+0.0380%	1h	0.02117	+0.298%	$4K	$9K	3x	as long as short