Funding arb · Price arb /

SKY

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0148%/8h= +16.2% APRpaid last 24h +0.038%

Price spread now: GMX against Aster−0.031%7-day average — · you buy dearer than you sell

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

Long on Aster Short on GMX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

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 pays, the price is against you. GMX is 0.031% cheaper against Aster than usual: you would sell low and buy high (spread −0.031% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$3 on $10k: about 17 hours of funding at the current rate (+$4 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster SKYUSDT	0.07073	0.0100	pay 0.0050% / 4h	33m 11s	$43K	$43K	20x
Short	GMX SKY/USD [ETH-USDC]	0.07071	L +0.0527% / S −0.0248%	get 0.0031% / 1h	33m 11s	$84K	—	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX 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 GMXbpOrdersPrice spread, now −0.031%Rate

Funding earned: $31.01
Price spread: −0.031% → 0.000%: −$3.1
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee GMX: 6 bp × 2 orders: −$12
Net: $7.91
Costs to cover: 0.200%
Break-even: 5.2 days

Slippage unknown: Aster: no order-book sample; GMX: no order-book sample. 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 GMX no order-book sample	—	—	—	—	—

Aster and GMX: 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	−0.0648%	4h	0.07059	−0.202%	$194K	$104K	—	as long as short
Bybit SKYUSDT	−0.0245%	4h	0.07060	−0.184%	$7.6M	$3.3M	25x	as long as short
BloFin SKY-USDT	+0.0085%	4h	0.07066	−0.099%	$591K	$29K	75x	as long as short
Lighter SKY	+0.0096%	1h	0.07071	−0.035%	$185K	$155K	10x	as long as short
Nado SKY-PERP	+0.0100%	1h	0.07071	−0.035%	$70K	$25K	5x	as long as short
Aster SKYUSDTlong	+0.0100%	4h	0.07073	long leg	$43K	$43K	20x
Binance SKYUSDT	+0.0100%	4h	0.07071	−0.024%	$16.0M	$10.3M	75x	as long as short
OKX SKY-USDT-SWAP	+0.0100%	4h	0.07063	−0.141%	$849K	$1.3M	20x	as long as short
Gate SKY_USDT	+0.0100%	4h	0.07059	−0.198%	$602K	$255K	50x	as long as short
MEXC SKY_USDT	+0.0100%	4h	0.07072	−0.014%	$1.1M	$286K	100x	as long as short

Show all 18 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin SKYUSDTM	+0.0100%	4h	0.07073	0.000%	$423K	$290K	50x	as long as short
Bitget SKYUSDT	+0.0100%	4h	0.07072	−0.014%	$2.9M	$1.7M	75x	as long as short
BingX SKY-USDT	+0.0100%	4h	0.07065	−0.113%	—	$2.4M	—	as long as short
ApeX Omni SKYUSDT	+0.0100%	1h	0.07075	+0.028%	$20K	$679K	50x	as long as short
Orderly PERP_SKY_USDC_mythos	+0.0100%	4h	0.07072	−0.015%	$1K	$2K	10x	as long as short
Injective SKY/USDC PERP	+0.0158%	1h	0.07172	+1.400%	$392	$303K	12x	as long as short
Hyperliquid SKY	+0.0216%	1h	0.07082	+0.129%	$3.0M	$902K	3x	as long as short
GMX SKY/USD [ETH-USDC]short	L +0.0527% / S −0.0248%	1h	0.07071	−0.031%	$84K	—	50x