Settings8H · net · $10k
Funding arb · Price arb /

SKY

all SKY markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC+0.0074%/8h= +8.1% APRpaid last 24h +0.189%
Price spread now: Hyperliquid against Aster+0.013%7-day average · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 7 days+0.483%+$48 on $10k
Price spread, last 7 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropAster: Stage 5 · Hyperliquid: Season 2 · farm boardneeds both histories
The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: +$2 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongAster SKYUSDT0.069040.0100pay 0.0050% / 4h58m 14s$42K$43K20x
ShortHyperliquid SKY0.069050.0174get 0.0022% / 1h58m 14s$2.8M$927K3x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Hyperliquid 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

Funding earned
$15.59
Price spread: +0.013% → 0.000%
$1.27
Slippage, 4 orders
no order book: not counted
Fee Aster: 4 bp × 2 orders
−$8
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Net
−$0.14
Costs to cover
0.170%
Break-even
7.1 days
Slippage unknown: Aster: no order-book sample; Hyperliquid: live order book, 3 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Aster no order-book sample
Sell Hyperliquid live order book, 3 min ago3.47 bp11.3 bp −$11doesn't fitdoesn't fitdoesn'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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Variational Omni SKY−0.0315%4h0.06888−0.234%$184K$115Kas long as short
Bybit SKYUSDT−0.0009%4h0.06877−0.394%$7.2M$3.2M25xas long as short
Injective SKY/USDC PERP+0.0033%1h0.07172+3.878%$392$303K12xas long as short
Lighter SKY+0.0096%1h0.06883−0.300%$179K$177K10xas long as short
Nado SKY-PERP+0.0100%1h0.06896−0.112%$73K$30K5xas long as short
Aster SKYUSDTlong+0.0100%4h0.06904long leg$42K$43K20x
Binance SKYUSDT+0.0100%4h0.06886−0.264%$15.7M$10.9M75xas long as short
OKX SKY-USDT-SWAP+0.0100%4h0.06879−0.365%$817K$1.2M20xas long as short
Gate SKY_USDT+0.0100%4h0.06897−0.105%$599K$271K50xas long as short
MEXC SKY_USDT+0.0100%4h0.06902−0.032%$1.0M$261K100xas long as short
Show all 18 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
KuCoin SKYUSDTM+0.0100%4h0.06896−0.119%$406K$291K50xas long as short
Bitget SKYUSDT+0.0100%4h0.06898−0.090%$2.9M$1.5M75xas long as short
BingX SKY-USDT+0.0100%4h0.06899−0.076%$2.4Mas long as short
ApeX Omni SKYUSDT+0.0100%1h0.06901−0.047%$27K$663K50xas long as short
Orderly PERP_SKY_USDC_mythos+0.0100%4h0.06903−0.018%$1K$3K10xas long as short
BloFin SKY-USDT+0.0113%4h0.06898−0.090%$586K$29K75xas long as short
Hyperliquid SKYshort+0.0174%1h0.06905+0.013%$2.8M$927K3x
GMX SKY/USD [ETH-USDC]L +0.0523% / S −0.0248%1h0.06896−0.122%$82K50xas long as short