Funding arb · Price arb /

SKY

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: KuCoin against Aster+0.003%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 KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.069%+$7 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	0.06812	0.0100	pay 0.0050% / 4h	2h 37m	$42K	$42K	20x
Short	KuCoin SKYUSDTM	0.06812	0.0100	get 0.0050% / 4h	2h 37m	$399K	$292K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now +0.003%Rate

Funding earned: $0
Price spread: +0.003% → 0.000%: $0.27
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$19.73
Costs to cover: 0.200%
Break-even: never at this rate

Slippage unknown: Aster: no order-book sample; KuCoin: live order book, 20 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 KuCoin live order book, 20 min ago	32.82 bp	275.4 bp −$275	444.1 bp −$4,441	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
Injective SKY/USDC PERP	+0.0033%	1h	0.06893	+1.192%	$376	$303K	12x	as long as short
Variational Omni SKY	+0.0036%	4h	0.06809	−0.035%	$182K	$113K	—	as long as short
BloFin SKY-USDT	+0.0072%	4h	0.06803	−0.129%	$581K	$29K	75x	as long as short
Lighter SKY	+0.0096%	1h	0.06811	−0.012%	$178K	$118K	10x	as long as short
Nado SKY-PERP	+0.0100%	1h	0.06813	+0.025%	$73K	$33K	5x	as long as short
Hyperliquid SKY	+0.0100%	1h	0.06823	+0.158%	$2.8M	$903K	3x	as long as short
Aster SKYUSDTlong	+0.0100%	4h	0.06812	long leg	$42K	$42K	20x
Binance SKYUSDT	+0.0100%	4h	0.06815	+0.046%	$15.5M	$11.1M	75x	as long as short
Bybit SKYUSDT	+0.0100%	4h	0.06804	−0.115%	$7.1M	$3.2M	25x	as long as short
OKX SKY-USDT-SWAP	+0.0100%	4h	0.06810	−0.027%	$801K	$1.1M	20x	as long as short

Show all 18 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate SKY_USDT	+0.0100%	4h	0.06800	−0.173%	$578K	$287K	50x	as long as short
MEXC SKY_USDT	+0.0100%	4h	0.06813	+0.017%	$998K	$266K	100x	as long as short
KuCoin SKYUSDTMshort	+0.0100%	4h	0.06812	+0.003%	$399K	$292K	50x
Bitget SKYUSDT	+0.0100%	4h	0.06810	−0.027%	$2.8M	$1.5M	75x	as long as short
BingX SKY-USDT	+0.0100%	4h	0.06807	−0.071%	—	$2.4M	—	as long as short
ApeX Omni SKYUSDT	+0.0100%	1h	0.06800	−0.173%	$27K	$650K	50x	as long as short
Orderly PERP_SKY_USDC_mythos	+0.0100%	4h	0.06810	−0.034%	$1K	$3K	10x	as long as short
GMX SKY/USD [ETH-USDC]	L +0.0521% / S −0.0248%	1h	0.06808	−0.060%	$81K	—	50x	as long as short