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: MEXC against SunX+0.125%53s7-day average +0.147% · you sell dearer than you buy

Net, funding: paid 7d − costs−$174as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$1741.744% of the position

Long on SunX Short on MEXC

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)+0.461%+$46 · spread now +0.125%, 7d avg +0.147%

Together, before fees+0.461%+$46 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: MEXC is 0.022% cheaper against SunX than usual: you would sell low and buy high, −$2 on $10k if it goes back to its 7-day average of +0.147%. The two prices were read 53 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX SKR-USDT	0.02084	0.0100	pay 0.0050% / 4h	39m 24s	$2K	$2.3M	20x
Short	MEXC SKR_USDT	0.02087	0.0100	get 0.0050% / 4h	39m 24s	$4.3M	$474K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now +0.125%Rate

Funding earned: $0
Price spread: +0.125% → +0.147%: −$2.21
Slippage, 4 orders: −$162.4
Fee SunX: 4 bp × 2 orders: −$8
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$176.61
Costs to cover: 1.744%
Break-even: never at this rate

Slippage from SunX: live order book, 7 min ago; MEXC: 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, 7 min ago	31.84 bp	85.0 bp −$85	doesn't fit	doesn't fit	doesn't fit
Sell MEXC live order book, 3 min ago	0.96 bp	7.6 bp −$8	41.8 bp −$418	351.7 bp −$35.2K	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	0.02091	+0.321%	$229K	$165K	20x	as long as short
Lighter SKR	+0.0096%	1h	0.02084	−0.005%	$9K	$20K	3x	as long as short
Hyperliquid SKR	+0.0100%	1h	0.02085	+0.067%	$1.3M	$808K	3x	as long as short
Aster SKRUSDT	+0.0100%	4h	0.02087	+0.145%	$29K	$35K	5x	as long as short
Binance SKRUSDT	+0.0100%	4h	0.02085	+0.041%	$3.5M	$13.4M	20x	as long as short
Bybit SKRUSDT	+0.0100%	4h	0.02086	+0.082%	$4.5M	$5.3M	20x	as long as short
Gate SKR_USDT	+0.0100%	4h	0.02087	+0.163%	$1.0M	$555K	20x	as long as short
MEXC SKR_USDTshort	+0.0100%	4h	0.02087	+0.125%	$4.3M	$474K	20x
KuCoin SKRUSDTM	+0.0100%	4h	0.02086	+0.101%	$640K	$723K	20x	as long as short
Bitget SKRUSDT	+0.0100%	4h	0.02085	+0.048%	$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	0.02086	+0.086%	—	$2.4M	—	as long as short
SunX SKR-USDTlong	+0.0100%	4h	0.02084	long leg	$2K	$2.3M	20x
HTX SKR-USDT	+0.0100%	4h	0.02090	+0.283%	$14K	$35K	20x	as long as short
Backpack SKR_USDC_PERP	+0.1078%	1h	0.02087	+0.158%	$50K	$182K	5x	as long as short
Phoenix SKR	+0.1165%	1h	0.02094	+0.465%	$4K	$10K	3x	as long as short