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: KuCoin against Binance+0.060%7-day average −0.099% · you sell dearer than you buy

Net, funding: paid 7d − costs−$448as in the Funding arb table

Net, price: spread back to 7d avg − costs−$432as in the Price arb table

costs, in and out, $10k−$4484.478% of the position

Long on Binance Short on KuCoin

What this pair did over the last

the charts below follow

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

Price spread, last 4 days (all we have)−1.091%−$109 · spread now +0.060%, 7d avg −0.099%

Together, before fees−1.091%−$109 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: KuCoin is 0.159% dearer against Binance than usual: you sell high and buy low, +$16 on $10k if it goes back to its 7-day average of −0.099%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance SKYUSDT	0.06917	0.0100	pay 0.0050% / 4h	1h 34m	$15.8M	$11.1M	75x
Short	KuCoin SKYUSDTM	0.06921	0.0100	get 0.0050% / 4h	1h 34m	$412K	$295K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now +0.060%Rate

Funding earned: $0
Price spread: +0.060% → −0.099%: $15.92
Slippage, 4 orders: −$425.77
Fee Binance: 5 bp × 2 orders: −$10
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$431.85
Costs to cover: 4.478%
Break-even: never at this rate

Slippage from Binance: live order book, 6 min ago; KuCoin: live order book, 62 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, 6 min ago	0.72 bp	17.0 bp −$17	57.6 bp −$576	363.5 bp −$36.4K	doesn't fit
Sell KuCoin live order book, 62 min ago	26.74 bp	219.0 bp −$219	327.7 bp −$3,277	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	−0.0390%	4h	0.06916	−0.017%	$185K	$126K	—	as long as short
Bybit SKYUSDT	−0.0058%	4h	0.06910	−0.099%	$7.3M	$3.3M	25x	as long as short
Injective SKY/USDC PERP	+0.0033%	1h	0.07172	+3.689%	$392	$303K	12x	as long as short
BloFin SKY-USDT	+0.0073%	4h	0.06924	+0.104%	$586K	$29K	75x	as long as short
Lighter SKY	+0.0096%	1h	0.06915	−0.032%	$180K	$177K	10x	as long as short
Nado SKY-PERP	+0.0100%	1h	0.06921	+0.057%	$70K	$29K	5x	as long as short
Aster SKYUSDT	+0.0100%	4h	0.06926	+0.140%	$42K	$43K	20x	as long as short
Binance SKYUSDTlong	+0.0100%	4h	0.06917	long leg	$15.8M	$11.1M	75x
OKX SKY-USDT-SWAP	+0.0100%	4h	0.06914	−0.041%	$827K	$1.2M	20x	as long as short
Gate SKY_USDT	+0.0100%	4h	0.06919	+0.031%	$593K	$277K	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	0.06917	+0.002%	$1.0M	$271K	100x	as long as short
KuCoin SKYUSDTMshort	+0.0100%	4h	0.06921	+0.060%	$412K	$295K	50x
Bitget SKYUSDT	+0.0100%	4h	0.06914	−0.041%	$2.9M	$1.5M	75x	as long as short
BingX SKY-USDT	+0.0100%	4h	0.06916	−0.012%	—	$2.4M	—	as long as short
ApeX Omni SKYUSDT	+0.0100%	1h	0.06923	+0.089%	$27K	$666K	50x	as long as short
Orderly PERP_SKY_USDC_mythos	+0.0100%	4h	0.06926	+0.137%	$1K	$3K	10x	as long as short
GMX SKY/USD [ETH-USDC]	L +0.0524% / S −0.0248%	1h	0.06924	+0.102%	$82K	—	50x	as long as short
Hyperliquid SKY	+0.0923%	1h	0.06936	+0.273%	$2.9M	$913K	3x	as long as short