Funding arb · Price arb /

SKY

all SKY markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: BingX against ApeX Omni−0.145%7-day average −0.067% · you buy dearer than you sell

Net, funding: paid 7d − costs−$56as in the Funding arb table

Net, price: spread back to 7d avg − costs−$76as in the Price arb table

costs, in and out, $10k−$680.679% of the position

Long on ApeX Omni Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.116%+$12 on $10k

Price spread, last 4 days (all we have)−0.663%−$66 · spread now −0.145%, 7d avg −0.067%

Together, before fees−0.546%−$55 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 0.077% cheaper against ApeX Omni than usual: you would sell low and buy high, −$8 on $10k if it goes back to its 7-day average of −0.067%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni SKYUSDT	0.06913	0.0100	pay 0.0013% / 1h	5m 03s	$28K	$666K	50x
Short	BingX SKY-USDT	0.06903	0.0100	get 0.0050% / 4h	2h 05m	—	$2.4M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX 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

Position, each leg$Hold fordaysFee ApeX OmnibpFee BingXbpOrdersPrice spread, now −0.145%Rate

Funding earned: $0
Price spread: −0.145% → −0.067%: −$7.73
Slippage, 4 orders: −$47.91
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee BingX: 5 bp × 2 orders: −$10
Net: −$75.64
Costs to cover: 0.679%
Break-even: never at this rate

Slippage from ApeX Omni: live order book, 63 min ago; BingX: live order book, 14 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 ApeX Omni live order book, 63 min ago	6.40 bp	14.1 bp −$14	94.1 bp −$941	doesn't fit	doesn't fit
Sell BingX live order book, 14 min ago	4.32 bp	20.2 bp −$20	61.5 bp −$615	244.6 bp −$24.5K	780.9 bp −$390.5K

SKY on 17 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
Variational Omni SKY	−0.0456%	4h	0.06901	−0.169%	$184K	$126K	—	as long as short
Bybit SKYUSDT	−0.0121%	4h	0.06908	−0.072%	$7.3M	$3.3M	25x	as long as short
Injective SKY/USDC PERP	+0.0033%	1h	0.07172	+3.747%	$392	$303K	12x	as long as short
Lighter SKY	+0.0096%	1h	0.06907	−0.082%	$180K	$181K	10x	as long as short
Nado SKY-PERP	+0.0100%	1h	0.06907	−0.087%	$69K	$28K	5x	as long as short
Hyperliquid SKY	+0.0100%	1h	0.06926	+0.189%	$2.9M	$912K	3x	as long as short
Aster SKYUSDT	+0.0100%	4h	0.06914	+0.008%	$42K	$44K	20x	as long as short
Binance SKYUSDT	+0.0100%	4h	0.06909	−0.058%	$15.8M	$11.0M	75x	as long as short
OKX SKY-USDT-SWAP	+0.0100%	4h	0.06907	−0.087%	$824K	$1.2M	20x	as long as short
Gate SKY_USDT	+0.0100%	4h	0.06904	−0.130%	$593K	$283K	50x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC SKY_USDT	+0.0100%	4h	0.06910	−0.043%	$1.0M	$287K	100x	as long as short
KuCoin SKYUSDTM	+0.0100%	4h	0.06913	0.000%	$412K	$294K	50x	as long as short
Bitget SKYUSDT	+0.0100%	4h	0.06916	+0.043%	$2.9M	$1.6M	75x	as long as short
BingX SKY-USDTshort	+0.0100%	4h	0.06903	−0.145%	—	$2.4M	—
ApeX Omni SKYUSDTlong	+0.0100%	1h	0.06913	long leg	$28K	$666K	50x
Orderly PERP_SKY_USDC_mythos	+0.0100%	4h	0.06910	−0.036%	$1K	$3K	10x	as long as short
GMX SKY/USD [ETH-USDC]	L +0.0523% / S −0.0248%	1h	0.06908	−0.075%	$82K	—	50x	as long as short