Funding arb · Price arb /

SKY

all SKY markets

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: Bitget against Binance−0.042%7-day average −0.062% · you buy dearer than you sell

Net, funding: paid 7d − costs−$72as in the Funding arb table

Net, price: spread back to 7d avg − costs−$70as in the Price arb table

costs, in and out, $10k−$720.719% of the position

Long on Binance Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days0.000%$0 on $10k

Price spread, last 7 days+0.031%+$3 · spread now −0.042%, 7d avg −0.062%

Together, before fees+0.031%+$3 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: Bitget is 0.021% dearer against Binance than usual: you sell high and buy low, +$2 on $10k if it goes back to its 7-day average of −0.062%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance SKYUSDT	0.07217	0.0100	pay 0.0050% / 4h	1h 56m	$16.6M	$9.5M	75x
Short	Bitget SKYUSDT	0.07214	0.0100	get 0.0050% / 4h	1h 56m	$3.0M	$2.0M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now −0.042%Rate

Funding earned: $0
Price spread: −0.042% → −0.062%: $2.05
Slippage, 4 orders: −$49.92
Fee Binance: 5 bp × 2 orders: −$10
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$69.87
Costs to cover: 0.719%
Break-even: never at this rate

Slippage from Binance: live order book, 14 min ago; Bitget: live order book, 1 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, 14 min ago	0.69 bp	15.5 bp −$16	55.2 bp −$552	349.6 bp −$35.0K	doesn't fit
Sell Bitget live order book, 1 min ago	5.55 bp	19.6 bp −$20	56.2 bp −$562	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	−0.0524%	4h	0.07189	−0.385%	$207K	$94K	—	as long as short
Bybit SKYUSDT	−0.0094%	4h	0.07205	−0.166%	$7.9M	$3.4M	25x	as long as short
Injective SKY/USDC PERP	+0.0014%	1h	0.07197	−0.277%	$393	$260K	12x	as long as short
Lighter SKY	+0.0096%	1h	0.07215	−0.028%	$189K	$163K	10x	as long as short
BloFin SKY-USDT	+0.0096%	4h	0.07196	−0.291%	$609K	$609K	75x	as long as short
Nado SKY-PERP	+0.0100%	1h	0.07215	−0.024%	$71K	$25K	5x	as long as short
Aster SKYUSDT	+0.0100%	4h	0.07214	−0.045%	$43K	$36K	20x	as long as short
Binance SKYUSDTlong	+0.0100%	4h	0.07217	long leg	$16.6M	$9.5M	75x
OKX SKY-USDT-SWAP	+0.0100%	4h	0.07210	−0.097%	$872K	$1.3M	20x	as long as short
Gate SKY_USDT	+0.0100%	4h	0.07199	−0.249%	$618K	$252K	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	0.07215	−0.028%	$1.1M	$278K	100x	as long as short
KuCoin SKYUSDTM	+0.0100%	4h	0.07208	−0.125%	$443K	$279K	50x	as long as short
Bitget SKYUSDTshort	+0.0100%	4h	0.07214	−0.042%	$3.0M	$2.0M	75x
BingX SKY-USDT	+0.0100%	4h	0.07211	−0.083%	—	$2.4M	—	as long as short
ApeX Omni SKYUSDT	+0.0100%	1h	0.07198	−0.263%	$20K	$688K	50x	as long as short
Orderly PERP_SKY_USDC_mythos	+0.0100%	4h	0.07215	−0.022%	$700	$2K	10x	as long as short
Hyperliquid SKY	+0.0509%	1h	0.07225	+0.107%	$3.0M	$906K	3x	as long as short
GMX SKY/USD [ETH-USDC]	L +0.0534% / S −0.0248%	1h	0.07215	−0.026%	$85K	—	50x	as long as short