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: MEXC against Aster−0.052%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 MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days+0.076%+$8 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: MEXC is 0.052% cheaper against Aster than usual: you would sell low and buy high, −$5 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	0.07066	0.0100	pay 0.0050% / 4h	29m 54s	$42K	$43K	20x
Short	MEXC SKY_USDT	0.07062	0.0100	get 0.0050% / 4h	29m 54s	$1.1M	$286K	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now −0.052%Rate

Funding earned: $0
Price spread: −0.052% → 0.000%: −$5.21
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$17.21
Costs to cover: 0.120%
Break-even: never at this rate

Slippage unknown: Aster: no order-book sample; MEXC: live order book, 1 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 MEXC live order book, 1 min ago	0.71 bp	9.6 bp −$10	70.8 bp −$708	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	−0.0641%	4h	0.07055	−0.156%	$194K	$104K	—	as long as short
Bybit SKYUSDT	−0.0253%	4h	0.07050	−0.222%	$7.6M	$3.3M	25x	as long as short
Lighter SKY	+0.0096%	1h	0.07061	−0.065%	$185K	$155K	10x	as long as short
Nado SKY-PERP	+0.0100%	1h	0.07057	−0.123%	$70K	$25K	5x	as long as short
Aster SKYUSDTlong	+0.0100%	4h	0.07066	long leg	$42K	$43K	20x
Binance SKYUSDT	+0.0100%	4h	0.07062	−0.050%	$16.0M	$10.3M	75x	as long as short
OKX SKY-USDT-SWAP	+0.0100%	4h	0.07055	−0.151%	$848K	$1.3M	20x	as long as short
Gate SKY_USDT	+0.0100%	4h	0.07053	−0.179%	$601K	$255K	50x	as long as short
MEXC SKY_USDTshort	+0.0100%	4h	0.07062	−0.052%	$1.1M	$286K	100x
KuCoin SKYUSDTM	+0.0100%	4h	0.07065	−0.010%	$423K	$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	0.07060	−0.080%	$2.9M	$1.7M	75x	as long as short
BingX SKY-USDT	+0.0100%	4h	0.07056	−0.137%	—	$2.4M	—	as long as short
ApeX Omni SKYUSDT	+0.0100%	1h	0.07072	+0.089%	$20K	$679K	50x	as long as short
Orderly PERP_SKY_USDC_mythos	+0.0100%	4h	0.07062	−0.051%	$1K	$2K	10x	as long as short
BloFin SKY-USDT	+0.0149%	4h	0.07066	+0.005%	$590K	$29K	75x	as long as short
Injective SKY/USDC PERP	+0.0158%	1h	0.07172	+1.505%	$392	$303K	12x	as long as short
Hyperliquid SKY	+0.0220%	1h	0.07069	+0.053%	$3.0M	$903K	3x	as long as short
GMX SKY/USD [ETH-USDC]	L +0.0527% / S −0.0248%	1h	0.07061	−0.070%	$84K	—	50x	as long as short