Funding arb · Price arb /

SKY

all SKY markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: Bitget against ApeX Omni+0.087%7-day average −0.070% · you sell dearer than you buy

Net, funding: paid 7d − costs−$67as in the Funding arb table

Net, price: spread back to 7d avg − costs−$63as in the Price arb table

costs, in and out, $10k−$780.784% of the position

Long on ApeX Omni Short on Bitget

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)−0.720%−$72 · spread now +0.087%, 7d avg −0.070%

Together, before fees−0.603%−$60 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: Bitget is 0.157% dearer against ApeX Omni than usual: you sell high and buy low, +$16 on $10k if it goes back to its 7-day average of −0.070%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni SKYUSDT	0.06928	0.0100	pay 0.0013% / 1h	43m 07s	$28K	$667K	50x
Short	Bitget SKYUSDT	0.06934	0.0100	get 0.0050% / 4h	1h 43m	$2.9M	$1.6M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now +0.087%Rate

Funding earned: $0
Price spread: +0.087% → −0.070%: $15.67
Slippage, 4 orders: −$56.38
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$62.7
Costs to cover: 0.784%
Break-even: never at this rate

Slippage from ApeX Omni: live order book, 20 min ago; Bitget: live order book, 4 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, 20 min ago	9.40 bp	17.0 bp −$17	96.4 bp −$964	doesn't fit	doesn't fit
Sell Bitget live order book, 4 min ago	7.23 bp	22.6 bp −$23	58.0 bp −$580	doesn't fit	doesn't fit

SKY on 18 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	−0.0405%	4h	0.06911	−0.248%	$184K	$126K	—	as long as short
Bybit SKYUSDT	−0.0064%	4h	0.06924	−0.058%	$7.3M	$3.3M	25x	as long as short
Injective SKY/USDC PERP	+0.0033%	1h	0.07172	+3.522%	$392	$303K	12x	as long as short
Lighter SKY	+0.0096%	1h	0.06931	+0.038%	$181K	$177K	10x	as long as short
Nado SKY-PERP	+0.0100%	1h	0.06933	+0.076%	$70K	$29K	5x	as long as short
Aster SKYUSDT	+0.0100%	4h	0.06933	+0.077%	$42K	$43K	20x	as long as short
Binance SKYUSDT	+0.0100%	4h	0.06934	+0.090%	$15.8M	$11.1M	75x	as long as short
OKX SKY-USDT-SWAP	+0.0100%	4h	0.06931	+0.043%	$828K	$1.2M	20x	as long as short
Gate SKY_USDT	+0.0100%	4h	0.06929	+0.014%	$594K	$277K	50x	as long as short
MEXC SKY_USDT	+0.0100%	4h	0.06933	+0.072%	$1.0M	$270K	100x	as long as short

Show all 18 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin SKYUSDTM	+0.0100%	4h	0.06935	+0.101%	$413K	$295K	50x	as long as short
Bitget SKYUSDTshort	+0.0100%	4h	0.06934	+0.087%	$2.9M	$1.6M	75x
BingX SKY-USDT	+0.0100%	4h	0.06929	+0.014%	—	$2.4M	—	as long as short
ApeX Omni SKYUSDTlong	+0.0100%	1h	0.06928	long leg	$28K	$667K	50x
Orderly PERP_SKY_USDC_mythos	+0.0100%	4h	0.06934	+0.089%	$1K	$3K	10x	as long as short
BloFin SKY-USDT	+0.0132%	4h	0.06930	+0.029%	$590K	$29K	75x	as long as short
GMX SKY/USD [ETH-USDC]	L +0.0524% / S −0.0248%	1h	0.06933	+0.069%	$82K	—	50x	as long as short
Hyperliquid SKY	+0.0876%	1h	0.06951	+0.339%	$2.9M	$937K	3x	as long as short