Funding arb · Price arb /

SKY

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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: ApeX Omni against Aster+0.167%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Aster Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days−0.040%−$4 on $10k

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropAster: Stage 5 · farm boardneeds both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: ApeX Omni is 0.167% dearer against Aster than usual: you sell high and buy low, +$17 on $10k if it goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster SKYUSDT	0.06981	0.0100	pay 0.0050% / 4h	2h 53m	$42K	$44K	20x
Short	ApeX Omni SKYUSDT	0.06993	0.0100	get 0.0013% / 1h	53m 28s	$24K	$679K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against Aster. 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 AsterbpFee ApeX OmnibpOrdersPrice spread, now +0.167%Rate

Funding earned: $0
Price spread: +0.167% → 0.000%: $16.67
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$1.33
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: Aster: no order-book sample; ApeX Omni: live order book, 15 min ago. Net counts fees only.

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 Aster no order-book sample	—	—	—	—	—
Sell ApeX Omni live order book, 15 min ago	6.40 bp	15.4 bp −$15	104.1 bp −$1,041	doesn't fit	doesn't fit

Aster: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	−0.0556%	4h	0.06957	−0.343%	$200K	$118K	—	as long as short
Bybit SKYUSDT	−0.0139%	4h	0.06973	−0.120%	$7.4M	$3.4M	25x	as long as short
Injective SKY/USDC PERP	+0.0033%	1h	0.07172	+2.731%	$392	$303K	12x	as long as short
BloFin SKY-USDT	+0.0093%	4h	0.06985	+0.052%	$594K	$29K	75x	as long as short
Lighter SKY	+0.0096%	1h	0.06977	−0.063%	$182K	$181K	10x	as long as short
Nado SKY-PERP	+0.0100%	1h	0.06978	−0.041%	$70K	$28K	5x	as long as short
Aster SKYUSDTlong	+0.0100%	4h	0.06981	long leg	$42K	$44K	20x
Binance SKYUSDT	+0.0100%	4h	0.06982	+0.016%	$16.0M	$11.0M	75x	as long as short
OKX SKY-USDT-SWAP	+0.0100%	4h	0.06980	−0.020%	$837K	$1.3M	20x	as long as short
Gate SKY_USDT	+0.0100%	4h	0.06968	−0.191%	$585K	$263K	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	0.06980	−0.020%	$1.0M	$266K	100x	as long as short
KuCoin SKYUSDTM	+0.0100%	4h	0.06974	−0.105%	$412K	$294K	50x	as long as short
Bitget SKYUSDT	+0.0100%	4h	0.06977	−0.063%	$2.9M	$1.6M	75x	as long as short
BingX SKY-USDT	+0.0100%	4h	0.06976	−0.077%	—	$2.4M	—	as long as short
ApeX Omni SKYUSDTshort	+0.0100%	1h	0.06993	+0.167%	$24K	$679K	50x
Orderly PERP_SKY_USDC_mythos	+0.0100%	4h	0.06982	+0.005%	$937	$3K	10x	as long as short
Hyperliquid SKY	+0.0135%	1h	0.06992	+0.145%	$2.9M	$905K	3x	as long as short
GMX SKY/USD [ETH-USDC]	L +0.0526% / S −0.0248%	1h	0.06982	+0.016%	$83K	—	50x	as long as short