Funding arb · Price arb /

SKY

all SKY markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0148%/8h= +16.2% APRpaid last 24h +0.038%

Price spread now: GMX against Binance−0.017%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Binance Short on GMX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: +$4 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance SKYUSDT	0.06909	0.0100	pay 0.0050% / 4h	2h 05m	$15.8M	$11.0M	75x
Short	GMX SKY/USD [ETH-USDC]	0.06908	L +0.0523% / S −0.0248%	get 0.0031% / 1h	5m 03s	$82K	—	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX 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 GMXbpOrdersPrice spread, now −0.017%Rate

Funding earned: $31.01
Price spread: −0.017% → 0.000%: −$1.74
Slippage, 4 orders: no order book: not counted
Fee Binance: 5 bp × 2 orders: −$10
Fee GMX: 6 bp × 2 orders: −$12
Net: $7.27
Costs to cover: 0.220%
Break-even: 5.4 days

Slippage unknown: Binance: live order book, 6 min ago; GMX: 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 Binance live order book, 6 min ago	0.72 bp	13.1 bp −$13	53.8 bp −$538	362.4 bp −$36.2K	doesn't fit
Sell GMX no order-book sample	—	—	—	—	—

GMX: 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 17 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	−0.0456%	4h	0.06901	−0.112%	$184K	$126K	—	as long as short
Bybit SKYUSDT	−0.0121%	4h	0.06908	−0.014%	$7.3M	$3.3M	25x	as long as short
Injective SKY/USDC PERP	+0.0033%	1h	0.07172	+3.807%	$392	$303K	12x	as long as short
Lighter SKY	+0.0096%	1h	0.06907	−0.025%	$180K	$181K	10x	as long as short
Nado SKY-PERP	+0.0100%	1h	0.06907	−0.029%	$69K	$28K	5x	as long as short
Hyperliquid SKY	+0.0100%	1h	0.06926	+0.248%	$2.9M	$912K	3x	as long as short
Aster SKYUSDT	+0.0100%	4h	0.06914	+0.065%	$42K	$44K	20x	as long as short
Binance SKYUSDTlong	+0.0100%	4h	0.06909	long leg	$15.8M	$11.0M	75x
OKX SKY-USDT-SWAP	+0.0100%	4h	0.06907	−0.029%	$824K	$1.2M	20x	as long as short
Gate SKY_USDT	+0.0100%	4h	0.06904	−0.072%	$593K	$283K	50x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC SKY_USDT	+0.0100%	4h	0.06910	+0.014%	$1.0M	$287K	100x	as long as short
KuCoin SKYUSDTM	+0.0100%	4h	0.06913	+0.058%	$412K	$294K	50x	as long as short
Bitget SKYUSDT	+0.0100%	4h	0.06916	+0.101%	$2.9M	$1.6M	75x	as long as short
BingX SKY-USDT	+0.0100%	4h	0.06903	−0.087%	—	$2.4M	—	as long as short
ApeX Omni SKYUSDT	+0.0100%	1h	0.06913	+0.058%	$28K	$666K	50x	as long as short
Orderly PERP_SKY_USDC_mythos	+0.0100%	4h	0.06910	+0.022%	$1K	$3K	10x	as long as short
GMX SKY/USD [ETH-USDC]short	L +0.0523% / S −0.0248%	1h	0.06908	−0.017%	$82K	—	50x