Funding arb · Price arb /

SKY

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: Gate against ApeX Omni−0.757%7-day average −0.141% · you buy dearer than you sell

Net, funding: paid 7d − costs−$217as in the Funding arb table

Net, price: spread back to 7d avg − costs−$273as in the Price arb table

costs, in and out, $10k−$2112.111% of the position

Long on ApeX Omni Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.059%−$6 on $10k

Price spread, last 4 days (all we have)+0.283%+$28 · spread now −0.757%, 7d avg −0.141%

Together, before fees+0.224%+$22 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: Gate is 0.617% cheaper against ApeX Omni than usual: you would sell low and buy high, −$62 on $10k if it goes back to its 7-day average of −0.141%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni SKYUSDT	0.06865	0.0100	pay 0.0013% / 1h	41m 07s	$27K	$649K	50x
Short	Gate SKY_USDT	0.06813	0.0100	get 0.0050% / 4h	2h 41m	$579K	$287K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now −0.757%Rate

Funding earned: $0
Price spread: −0.757% → −0.141%: −$61.66
Slippage, 4 orders: −$186.08
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$272.74
Costs to cover: 2.111%
Break-even: never at this rate

Slippage from ApeX Omni: live order book, 7 min ago; Gate: live order book, 5 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, 7 min ago	6.54 bp	14.1 bp −$14	103.3 bp −$1,033	doesn't fit	doesn't fit
Sell Gate live order book, 5 min ago	5.10 bp	102.4 bp −$102	doesn't fit	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
Injective SKY/USDC PERP	+0.0033%	1h	0.06893	+0.408%	$376	$303K	12x	as long as short
Variational Omni SKY	+0.0036%	4h	0.06809	−0.809%	$182K	$113K	—	as long as short
Lighter SKY	+0.0096%	1h	0.06818	−0.688%	$178K	$118K	10x	as long as short
Nado SKY-PERP	+0.0100%	1h	0.06837	−0.404%	$74K	$32K	5x	as long as short
Hyperliquid SKY	+0.0100%	1h	0.06825	−0.587%	$2.8M	$909K	3x	as long as short
Aster SKYUSDT	+0.0100%	4h	0.06821	−0.643%	$42K	$42K	20x	as long as short
Binance SKYUSDT	+0.0100%	4h	0.06815	−0.728%	$15.5M	$11.1M	75x	as long as short
Bybit SKYUSDT	+0.0100%	4h	0.06807	−0.845%	$7.1M	$3.2M	25x	as long as short
OKX SKY-USDT-SWAP	+0.0100%	4h	0.06810	−0.801%	$810K	$1.1M	20x	as long as short
Gate SKY_USDTshort	+0.0100%	4h	0.06813	−0.757%	$579K	$287K	50x

Show all 18 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC SKY_USDT	+0.0100%	4h	0.06813	−0.757%	$1.0M	$261K	100x	as long as short
KuCoin SKYUSDTM	+0.0100%	4h	0.06822	−0.626%	$400K	$292K	50x	as long as short
Bitget SKYUSDT	+0.0100%	4h	0.06816	−0.714%	$2.8M	$1.5M	75x	as long as short
BingX SKY-USDT	+0.0100%	4h	0.06808	−0.830%	—	$2.4M	—	as long as short
ApeX Omni SKYUSDTlong	+0.0100%	1h	0.06865	long leg	$27K	$649K	50x
Orderly PERP_SKY_USDC_mythos	+0.0100%	4h	0.06822	−0.621%	$1K	$3K	10x	as long as short
BloFin SKY-USDT	+0.0123%	4h	0.06838	−0.393%	$584K	$29K	75x	as long as short
GMX SKY/USD [ETH-USDC]	L +0.0522% / S −0.0248%	1h	0.06829	−0.519%	$81K	—	50x	as long as short