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: OKX against ApeX Omni−0.130%7-day average −0.106% · you buy dearer than you sell

Net, funding: paid 7d − costs−$91as in the Funding arb table

Net, price: spread back to 7d avg − costs−$104as in the Price arb table

costs, in and out, $10k−$1021.016% of the position

Long on ApeX Omni Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.104%+$10 on $10k

Price spread, last 4 days (all we have)−0.532%−$53 · spread now −0.130%, 7d avg −0.106%

Together, before fees−0.427%−$43 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: OKX is 0.024% cheaper against ApeX Omni than usual: you would sell low and buy high, −$2 on $10k if it goes back to its 7-day average of −0.106%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni SKYUSDT	0.06923	0.0100	pay 0.0013% / 1h	34m 46s	$27K	$666K	50x
Short	OKX SKY-USDT-SWAP	0.06914	0.0100	get 0.0050% / 4h	1h 34m	$827K	$1.2M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now −0.130%Rate

Funding earned: $0
Price spread: −0.130% → −0.106%: −$2.4
Slippage, 4 orders: −$81.65
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee OKX: 5 bp × 2 orders: −$10
Net: −$104.05
Costs to cover: 1.016%
Break-even: never at this rate

Slippage from ApeX Omni: live order book, 29 min ago; OKX: live order book, 2 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, 29 min ago	9.40 bp	17.0 bp −$17	96.4 bp −$964	doesn't fit	doesn't fit
Sell OKX live order book, 2 min ago	0.72 bp	36.1 bp −$36	475.1 bp −$4,751	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	−0.0390%	4h	0.06916	−0.106%	$185K	$126K	—	as long as short
Bybit SKYUSDT	−0.0058%	4h	0.06911	−0.173%	$7.3M	$3.3M	25x	as long as short
Injective SKY/USDC PERP	+0.0033%	1h	0.07172	+3.597%	$392	$303K	12x	as long as short
BloFin SKY-USDT	+0.0073%	4h	0.06924	+0.014%	$586K	$29K	75x	as long as short
Lighter SKY	+0.0096%	1h	0.06922	−0.012%	$180K	$177K	10x	as long as short
Nado SKY-PERP	+0.0100%	1h	0.06921	−0.033%	$70K	$29K	5x	as long as short
Aster SKYUSDT	+0.0100%	4h	0.06925	+0.023%	$42K	$43K	20x	as long as short
Binance SKYUSDT	+0.0100%	4h	0.06923	+0.001%	$15.8M	$11.1M	75x	as long as short
OKX SKY-USDT-SWAPshort	+0.0100%	4h	0.06914	−0.130%	$827K	$1.2M	20x
Gate SKY_USDT	+0.0100%	4h	0.06919	−0.058%	$593K	$277K	50x	as long as short

Show all 18 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC SKY_USDT	+0.0100%	4h	0.06923	0.000%	$1.0M	$271K	100x	as long as short
KuCoin SKYUSDTM	+0.0100%	4h	0.06926	+0.043%	$412K	$295K	50x	as long as short
Bitget SKYUSDT	+0.0100%	4h	0.06915	−0.116%	$2.9M	$1.6M	75x	as long as short
BingX SKY-USDT	+0.0100%	4h	0.06920	−0.043%	—	$2.4M	—	as long as short
ApeX Omni SKYUSDTlong	+0.0100%	1h	0.06923	long leg	$27K	$666K	50x
Orderly PERP_SKY_USDC_mythos	+0.0100%	4h	0.06926	+0.048%	$1K	$3K	10x	as long as short
GMX SKY/USD [ETH-USDC]	L +0.0524% / S −0.0248%	1h	0.06924	+0.013%	$82K	—	50x	as long as short
Hyperliquid SKY	+0.0923%	1h	0.06936	+0.183%	$2.9M	$913K	3x	as long as short