Settings8H · net · $10k
Funding arb · Price arb /

SKY

all SKY markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 01:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%
Price spread now: Binance against ApeX Omni−0.411%59s7-day average −0.016% · you buy dearer than you sell
Net, funding: paid 7d − costs−$53as in the Funding arb table
Net, price: spread back to 7d avg − costsprices read too far apart to compare
costs, in and out, $10k−$640.643% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.116%+$12 on $10k
Price spread, last 3 days (all we have)+0.197%+$20 · spread now −0.411%, 7d avg −0.016%
Together, before fees+0.313%+$31 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: Binance is 0.395% cheaper against ApeX Omni than usual: you would sell low and buy high, −$39 on $10k if it goes back to its 7-day average of −0.016%. The two prices were read 59 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongApeX Omni SKYUSDT0.070560.0100pay 0.0013% / 1h16m 33s$24K$681K50x
ShortBinance SKYUSDT0.070270.0100get 0.0050% / 4h3h 16m$16.2M$10.9M75x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Binance against ApeX Omni. 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

Funding earned
$0
Price spread: −0.411% → −0.016%
−$39.5
Slippage, 4 orders
−$44.26
Fee ApeX Omni: 5 bp × 2 orders
−$10
Fee Binance: 5 bp × 2 orders
−$10
Net
−$103.76
Costs to cover
0.643%
Break-even
never at this rate
Slippage from ApeX Omni: live order book, 57 min ago; Binance: live order book, 9 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy ApeX Omni live order book, 57 min ago6.39 bp16.5 bp −$17110.1 bp −$1,101doesn't fitdoesn't fit
Sell Binance live order book, 9 min ago0.71 bp15.0 bp −$1557.5 bp −$575313.1 bp −$31.3Kdoesn't fit

SKY on 18 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Variational Omni SKY−0.0594%4h0.07042−0.194%$203K$118Kas long as short
Bybit SKYUSDT−0.0418%4h0.07017−0.553%$7.6M$3.5M25xas long as short
Injective SKY/USDC PERP+0.0033%1h0.07172+1.644%$392$303K12xas long as short
BloFin SKY-USDT+0.0040%4h0.07039−0.241%$597K$30K75xas long as short
Nado SKY-PERP+0.0070%1h0.07022−0.485%$70K$28K5xas long as short
Lighter SKY+0.0096%1h0.07029−0.390%$189K$171K10xas long as short
Aster SKYUSDT+0.0100%4h0.07029−0.379%$42K$44K20xas long as short
Binance SKYUSDTshort+0.0100%4h0.07027−0.411%$16.2M$10.9M75x
OKX SKY-USDT-SWAP+0.0100%4h0.07019−0.524%$845K$1.3M20xas long as short
Gate SKY_USDT+0.0100%4h0.07019−0.524%$589K$265K50xas long as short
Show all 18 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
MEXC SKY_USDT+0.0100%4h0.07025−0.439%$1.0M$285K100xas long as short
KuCoin SKYUSDTM+0.0100%4h0.07031−0.354%$415K$293K50xas long as short
Bitget SKYUSDT+0.0100%4h0.07023−0.468%$2.9M$1.6M75xas long as short
BingX SKY-USDT+0.0100%4h0.07021−0.496%$2.4Mas long as short
ApeX Omni SKYUSDTlong+0.0100%1h0.07056long leg$24K$681K50x
Orderly PERP_SKY_USDC_mythos+0.0100%4h0.07025−0.445%$942$3K10xas long as short
Hyperliquid SKY+0.0123%1h0.07037−0.274%$2.9M$903K3xas long as short
GMX SKY/USD [ETH-USDC]L +0.0526% / S −0.0248%1h0.07020−0.512%$83K50xas long as short