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% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Gate against Aster+0.002%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 Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.097%−$10 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

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster SKYUSDT	0.07079	0.0100	pay 0.0050% / 4h	37m 38s	$43K	$43K	20x
Short	Gate SKY_USDT	0.07079	0.0100	get 0.0050% / 4h	37m 38s	$604K	$255K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now +0.002%Rate

Funding earned: $0
Price spread: +0.002% → 0.000%: $0.18
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$22.82
Costs to cover: 0.230%
Break-even: never at this rate

Slippage unknown: Aster: no order-book sample; Gate: live order book, 38 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 Gate live order book, 38 min ago	4.24 bp	109.6 bp −$110	doesn't fit	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	−0.0607%	4h	0.07076	−0.046%	$195K	$104K	—	as long as short
Bybit SKYUSDT	−0.0243%	4h	0.07061	−0.253%	$7.6M	$3.3M	25x	as long as short
Lighter SKY	+0.0096%	1h	0.07073	−0.084%	$185K	$155K	10x	as long as short
Nado SKY-PERP	+0.0100%	1h	0.07076	−0.044%	$70K	$25K	5x	as long as short
Aster SKYUSDTlong	+0.0100%	4h	0.07079	long leg	$43K	$43K	20x
Binance SKYUSDT	+0.0100%	4h	0.07070	−0.123%	$16.0M	$10.4M	75x	as long as short
OKX SKY-USDT-SWAP	+0.0100%	4h	0.07067	−0.168%	$849K	$1.3M	20x	as long as short
Gate SKY_USDTshort	+0.0100%	4h	0.07079	+0.002%	$604K	$255K	50x
MEXC SKY_USDT	+0.0100%	4h	0.07076	−0.041%	$1.1M	$285K	100x	as long as short
KuCoin SKYUSDTM	+0.0100%	4h	0.07077	−0.027%	$424K	$290K	50x	as long as short

Show all 18 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget SKYUSDT	+0.0100%	4h	0.07073	−0.083%	$2.9M	$1.9M	75x	as long as short
BingX SKY-USDT	+0.0100%	4h	0.07064	−0.210%	—	$2.4M	—	as long as short
ApeX Omni SKYUSDT	+0.0100%	1h	0.07094	+0.214%	$20K	$681K	50x	as long as short
Orderly PERP_SKY_USDC_mythos	+0.0100%	4h	0.07077	−0.032%	$1K	$2K	10x	as long as short
BloFin SKY-USDT	+0.0150%	4h	0.07073	−0.083%	$592K	$29K	75x	as long as short
Injective SKY/USDC PERP	+0.0158%	1h	0.07172	+1.316%	$392	$303K	12x	as long as short
Hyperliquid SKY	+0.0181%	1h	0.07083	+0.064%	$3.0M	$902K	3x	as long as short
GMX SKY/USD [ETH-USDC]	L +0.0527% / S −0.0248%	1h	0.07075	−0.052%	$84K	—	50x	as long as short