Funding arb · Price arb /

SKY

all SKY markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: ApeX Omni against Binance−0.179%7-day average +0.016% · you buy dearer than you sell

Net, funding: paid 7d − costs−$76as in the Funding arb table

Net, price: spread back to 7d avg − costs−$84as in the Price arb table

costs, in and out, $10k−$640.643% of the position

Long on Binance Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days−0.116%−$12 on $10k

Price spread, last 3 days (all we have)+0.394%+$39 · spread now −0.179%, 7d avg +0.016%

Together, before fees+0.277%+$28 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: ApeX Omni is 0.195% cheaper against Binance than usual: you would sell low and buy high, −$20 on $10k if it goes back to its 7-day average of +0.016%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance SKYUSDT	0.07052	0.0100	pay 0.0050% / 4h	3h 13m	$16.3M	$10.9M	75x
Short	ApeX Omni SKYUSDT	0.07039	0.0100	get 0.0013% / 1h	13m 17s	$24K	$680K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against Binance. 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 BinancebpFee ApeX OmnibpOrdersPrice spread, now −0.179%Rate

Funding earned: $0
Price spread: −0.179% → +0.016%: −$19.53
Slippage, 4 orders: −$44.26
Fee Binance: 5 bp × 2 orders: −$10
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$83.79
Costs to cover: 0.643%
Break-even: never at this rate

Slippage from Binance: live order book, 12 min ago; ApeX Omni: live order book, 60 min ago.

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 Binance live order book, 12 min ago	0.71 bp	15.9 bp −$16	52.0 bp −$520	329.8 bp −$33.0K	doesn't fit
Sell ApeX Omni live order book, 60 min ago	6.39 bp	16.9 bp −$17	108.1 bp −$1,081	doesn't fit	doesn't fit

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	−0.0621%	4h	0.07018	−0.478%	$202K	$118K	—	as long as short
Bybit SKYUSDT	−0.0359%	4h	0.07052	+0.005%	$7.6M	$3.4M	25x	as long as short
Injective SKY/USDC PERP	+0.0033%	1h	0.07172	+1.707%	$392	$303K	12x	as long as short
BloFin SKY-USDT	+0.0049%	4h	0.07044	−0.108%	$598K	$30K	75x	as long as short
Nado SKY-PERP	+0.0081%	1h	0.07049	−0.041%	$71K	$28K	5x	as long as short
Lighter SKY	+0.0096%	1h	0.07058	+0.087%	$190K	$171K	10x	as long as short
Aster SKYUSDT	+0.0100%	4h	0.07057	+0.083%	$42K	$44K	20x	as long as short
Binance SKYUSDTlong	+0.0100%	4h	0.07052	long leg	$16.3M	$10.9M	75x
OKX SKY-USDT-SWAP	+0.0100%	4h	0.07044	−0.108%	$848K	$1.3M	20x	as long as short
Gate SKY_USDT	+0.0100%	4h	0.07048	−0.052%	$592K	$265K	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	0.07052	+0.005%	$1.0M	$285K	100x	as long as short
KuCoin SKYUSDTM	+0.0100%	4h	0.07058	+0.090%	$414K	$293K	50x	as long as short
Bitget SKYUSDT	+0.0100%	4h	0.07050	−0.023%	$2.9M	$1.6M	75x	as long as short
BingX SKY-USDT	+0.0100%	4h	0.07054	+0.033%	—	$2.4M	—	as long as short
ApeX Omni SKYUSDTshort	+0.0100%	1h	0.07039	−0.179%	$24K	$680K	50x
Orderly PERP_SKY_USDC_mythos	+0.0100%	4h	0.07053	+0.018%	$946	$3K	10x	as long as short
Hyperliquid SKY	+0.0137%	1h	0.07064	+0.170%	$3.0M	$904K	3x	as long as short
GMX SKY/USD [ETH-USDC]	L +0.0527% / S −0.0248%	1h	0.07050	−0.025%	$83K	—	50x	as long as short