Funding arb · Price arb /

SKY

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Swap Backtest

Alert: funding

Alert: spread

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

Price spread now: MEXC against ApeX Omni−0.057%7-day average −0.017% · you buy dearer than you sell

Net, funding: paid 7d − costs−$39as in the Funding arb table

Net, price: spread back to 7d avg − costs−$55as in the Price arb table

costs, in and out, $10k−$510.511% of the position

Long on ApeX Omni Short on MEXC

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)−0.257%−$26 · spread now −0.057%, 7d avg −0.017%

Together, before fees−0.141%−$14 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 0.040% cheaper against ApeX Omni than usual: you would sell low and buy high, −$4 on $10k if it goes back to its 7-day average of −0.017%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni SKYUSDT	0.07056	0.0100	pay 0.0013% / 1h	59m 34s	$22K	$680K	50x
Short	MEXC SKY_USDT	0.07052	0.0100	get 0.0050% / 4h	3h 59m	$1.1M	$280K	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now −0.057%Rate

Funding earned: $0
Price spread: −0.057% → −0.017%: −$3.97
Slippage, 4 orders: −$37.07
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$55.04
Costs to cover: 0.511%
Break-even: never at this rate

Slippage from ApeX Omni: live order book, 14 min ago; MEXC: live order book, 1 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, 14 min ago	6.39 bp	16.5 bp −$17	110.1 bp −$1,101	doesn't fit	doesn't fit
Sell MEXC live order book, 1 min ago	0.71 bp	9.2 bp −$9	77.9 bp −$779	294.4 bp −$29.4K	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	−0.0643%	4h	0.07042	−0.198%	$193K	$104K	—	as long as short
Nado SKY-PERP	+0.0089%	1h	0.07049	−0.103%	$70K	$25K	5x	as long as short
Lighter SKY	+0.0096%	1h	0.07056	+0.001%	$189K	$159K	10x	as long as short
Hyperliquid SKY	+0.0100%	1h	0.07061	+0.067%	$3.0M	$890K	3x	as long as short
Aster SKYUSDT	+0.0100%	4h	0.07058	+0.021%	$42K	$43K	20x	as long as short
Binance SKYUSDT	+0.0100%	4h	0.07052	−0.057%	$16.0M	$10.2M	75x	as long as short
Bybit SKYUSDT	+0.0100%	4h	0.07044	−0.170%	$7.6M	$3.3M	25x	as long as short
OKX SKY-USDT-SWAP	+0.0100%	4h	0.07050	−0.085%	$850K	$1.3M	20x	as long as short
Gate SKY_USDT	+0.0100%	4h	0.07049	−0.099%	$603K	$251K	50x	as long as short
MEXC SKY_USDTshort	+0.0100%	4h	0.07052	−0.057%	$1.1M	$280K	100x

Show all 18 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin SKYUSDTM	+0.0100%	4h	0.07042	−0.198%	$420K	$290K	50x	as long as short
Bitget SKYUSDT	+0.0100%	4h	0.07049	−0.099%	$2.9M	$1.6M	75x	as long as short
BingX SKY-USDT	+0.0100%	4h	0.07046	−0.142%	—	$2.4M	—	as long as short
ApeX Omni SKYUSDTlong	+0.0100%	1h	0.07056	long leg	$22K	$680K	50x
Orderly PERP_SKY_USDC_mythos	+0.0100%	4h	0.07057	+0.018%	$1K	$2K	10x	as long as short
BloFin SKY-USDT	+0.0110%	4h	0.07050	−0.085%	$586K	$29K	75x	as long as short
Injective SKY/USDC PERP	+0.0158%	1h	0.07172	+1.644%	$392	$303K	12x	as long as short
GMX SKY/USD [ETH-USDC]	L +0.0526% / S −0.0248%	1h	0.07054	−0.033%	$84K	—	50x	as long as short