Funding arb · Price arb /

SKY

all SKY markets

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 0.000%

Price spread now: Gate against Binance−0.031%7-day average −0.138% · you buy dearer than you sell

Net, funding: paid 7d − costs−$181as in the Funding arb table

Net, price: spread back to 7d avg − costs−$153as in the Price arb table

costs, in and out, $10k−$1631.634% of the position

Long on Binance Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.173%−$17 on $10k

Price spread, last 4 days (all we have)−0.999%−$100 · spread now −0.031%, 7d avg −0.138%

Together, before fees−1.173%−$117 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: Gate is 0.107% dearer against Binance than usual: you sell high and buy low, +$11 on $10k if it goes back to its 7-day average of −0.138%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance SKYUSDT	0.06936	0.0100	pay 0.0050% / 4h	1h 18m	$15.8M	$10.9M	75x
Short	Gate SKY_USDT	0.06934	0.0100	get 0.0050% / 4h	1h 18m	$602K	$285K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now −0.031%Rate

Funding earned: $0
Price spread: −0.031% → −0.138%: $10.72
Slippage, 4 orders: −$138.4
Fee Binance: 5 bp × 2 orders: −$10
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$152.68
Costs to cover: 1.634%
Break-even: never at this rate

Slippage from Binance: live order book, 7 min ago; Gate: live order book, 43 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, 7 min ago	0.72 bp	14.2 bp −$14	55.0 bp −$550	350.5 bp −$35.0K	doesn't fit
Sell Gate live order book, 43 min ago	4.34 bp	25.9 bp −$26	doesn't fit	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	−0.0293%	4h	0.06940	+0.059%	$185K	$115K	—	as long as short
Bybit SKYUSDT	+0.0024%	4h	0.06930	−0.089%	$7.3M	$3.2M	25x	as long as short
Injective SKY/USDC PERP	+0.0033%	1h	0.07172	+3.400%	$392	$303K	12x	as long as short
BloFin SKY-USDT	+0.0083%	4h	0.06945	+0.128%	$587K	$29K	75x	as long as short
Lighter SKY	+0.0096%	1h	0.06941	+0.069%	$181K	$177K	10x	as long as short
Nado SKY-PERP	+0.0100%	1h	0.06936	+0.001%	$74K	$30K	5x	as long as short
Aster SKYUSDT	+0.0100%	4h	0.06947	+0.155%	$42K	$43K	20x	as long as short
Binance SKYUSDTlong	+0.0100%	4h	0.06936	long leg	$15.8M	$10.9M	75x
OKX SKY-USDT-SWAP	+0.0100%	4h	0.06929	−0.103%	$826K	$1.2M	20x	as long as short
Gate SKY_USDTshort	+0.0100%	4h	0.06934	−0.031%	$602K	$285K	50x

Show all 18 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC SKY_USDT	+0.0100%	4h	0.06935	−0.017%	$1.0M	$272K	100x	as long as short
KuCoin SKYUSDTM	+0.0100%	4h	0.06941	+0.070%	$408K	$292K	50x	as long as short
Bitget SKYUSDT	+0.0100%	4h	0.06937	+0.012%	$2.9M	$1.5M	75x	as long as short
BingX SKY-USDT	+0.0100%	4h	0.06937	+0.012%	—	$2.4M	—	as long as short
ApeX Omni SKYUSDT	+0.0100%	1h	0.06953	+0.243%	$28K	$663K	50x	as long as short
Orderly PERP_SKY_USDC_mythos	+0.0100%	4h	0.06954	+0.252%	$1K	$3K	10x	as long as short
GMX SKY/USD [ETH-USDC]	L +0.0525% / S −0.0248%	1h	0.06954	+0.256%	$82K	—	50x	as long as short
Hyperliquid SKY	+0.0654%	1h	0.06941	+0.073%	$2.9M	$926K	3x	as long as short