Funding arb · Price arb /

SKY

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.003%

Price spread now: Orderly against Aster0.000%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 Orderly

What this pair did over the last

the charts below follow

Funding, last 5 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

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster SKYUSDT	0.06885	0.0100	pay 0.0050% / 4h	30m 47s	$42K	$42K	20x
Short	Orderly PERP_SKY_USDC_mythos	0.06885	0.0100	get 0.0050% / 4h	30m 47s	$1K	$3K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly 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 OrderlybpOrdersPrice spread, now 0.000%Rate

Funding earned: $0
Price spread: 0.000% → 0.000%: $0
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee Orderly: 3 bp × 2 orders: −$6
Net: −$14
Costs to cover: 0.140%
Break-even: never at this rate

Slippage unknown: Aster: no order-book sample; Orderly: 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 Orderly no order-book sample	—	—	—	—	—

Aster and Orderly: 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	−0.0154%	4h	0.06875	−0.134%	$183K	$113K	—	as long as short
Injective SKY/USDC PERP	+0.0033%	1h	0.06893	+0.123%	$376	$303K	12x	as long as short
BloFin SKY-USDT	+0.0074%	4h	0.06882	−0.036%	$584K	$29K	75x	as long as short
Lighter SKY	+0.0096%	1h	0.06883	−0.016%	$179K	$177K	10x	as long as short
Nado SKY-PERP	+0.0100%	1h	0.06882	−0.036%	$73K	$30K	5x	as long as short
Aster SKYUSDTlong	+0.0100%	4h	0.06885	long leg	$42K	$42K	20x
Binance SKYUSDT	+0.0100%	4h	0.06897	+0.185%	$15.7M	$10.9M	75x	as long as short
Bybit SKYUSDT	+0.0100%	4h	0.06894	+0.138%	$7.2M	$3.2M	25x	as long as short
OKX SKY-USDT-SWAP	+0.0100%	4h	0.06893	+0.123%	$823K	$1.2M	20x	as long as short
Gate SKY_USDT	+0.0100%	4h	0.06893	+0.123%	$597K	$272K	50x	as long as short

Show all 18 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC SKY_USDT	+0.0100%	4h	0.06897	+0.182%	$1.0M	$264K	100x	as long as short
KuCoin SKYUSDTM	+0.0100%	4h	0.06882	−0.036%	$405K	$291K	50x	as long as short
Bitget SKYUSDT	+0.0100%	4h	0.06894	+0.138%	$2.8M	$1.5M	75x	as long as short
BingX SKY-USDT	+0.0100%	4h	0.06896	+0.167%	—	$2.4M	—	as long as short
ApeX Omni SKYUSDT	+0.0100%	1h	0.06871	−0.196%	$27K	$661K	50x	as long as short
Orderly PERP_SKY_USDC_mythosshort	+0.0100%	4h	0.06885	0.000%	$1K	$3K	10x
Hyperliquid SKY	+0.0348%	1h	0.06895	+0.157%	$2.8M	$922K	3x	as long as short
GMX SKY/USD [ETH-USDC]	L +0.0523% / S −0.0248%	1h	0.06884	−0.012%	$82K	—	50x	as long as short