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 SunX−4.468%7-day average — · you buy dearer than you sell

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

Long on SunX 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 4.468% cheaper against SunX than usual: you would sell low and buy high, −$447 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	SunX SKR-USDT	0.02578	0.0100	pay 0.0050% / 4h	2h 48m	$2K	$2.6M	20x
Short	Lighter SKR	0.02463	0.0096	get 0.0012% / 1h	48m 36s	$11K	$19K	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against SunX. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 LighterbpOrdersPrice spread, now −4.468%Rate

Funding earned: −$0.84
Price spread: −4.468% → 0.000%: −$446.82
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee Lighter: 0 bp × 2 orders: $0
Net: −$455.66
Costs to cover: 0.080%
Break-even: never at this rate

Slippage unknown: SunX: live order book, 8 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 SunX live order book, 8 min ago	32.04 bp	102.7 bp −$103	doesn't fit	doesn't fit	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	−0.0140%	4h	0.02576	−0.074%	$266K	$197K	20x	as long as short
Lighter SKRshort	+0.0096%	1h	0.02463	−4.468%	$11K	$19K	3x
Hyperliquid SKR	+0.0100%	1h	0.02493	−3.309%	$1.6M	$1.1M	3x	as long as short
Binance SKRUSDT	+0.0100%	4h	0.02435	−5.566%	$5.0M	$19.5M	20x	as long as short
Bybit SKRUSDT	+0.0100%	4h	0.02424	−5.962%	$5.4M	$6.9M	20x	as long as short
Gate SKR_USDT	+0.0100%	4h	0.02439	−5.384%	$1.2M	$1.1M	20x	as long as short
MEXC SKR_USDT	+0.0100%	4h	0.02435	−5.550%	$5.4M	$618K	20x	as long as short
KuCoin SKRUSDTM	+0.0100%	4h	0.02501	−3.006%	$831K	$1.1M	20x	as long as short
Bitget SKRUSDT	+0.0100%	4h	0.02409	−6.563%	$1.8M	$2.4M	20x	as long as short
BingX SKR-USDT	+0.0100%	4h	0.02419	−6.179%	—	$2.6M	—	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX SKR-USDTlong	+0.0100%	4h	0.02578	long leg	$2K	$2.6M	20x
HTX SKR-USDT	+0.0100%	4h	0.02582	+0.163%	$16K	$36K	20x	as long as short
Aster SKRUSDT	+0.0264%	4h	0.02448	−5.065%	$34K	$88K	5x	as long as short
Phoenix SKR	+0.0735%	1h	0.02341	−9.208%	$4K	$10K	3x	as long as short
Backpack SKR_USDC_PERP	+0.1500%	1h	0.02569	−0.353%	$67K	$193K	5x	as long as short