Funding arb · Price arb /

SKY

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.002%

Price spread now: Nado against Binance−0.027%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 Nado

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

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

Together, before fees—+ Points / potential airdropNado: Active · farm boardneeds both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Nado is 0.027% cheaper against Binance than usual: you would sell low and buy high, −$3 on $10k if it goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance SKYUSDT	0.06759	0.0100	pay 0.0050% / 4h	1h 58m	$15.1M	$10.7M	75x
Short	Nado SKY-PERP	0.06757	0.0100	get 0.0012% / 1h	58m 09s	$68K	$35K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado 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 NadobpOrdersPrice spread, now −0.027%Rate

Funding earned: $0
Price spread: −0.027% → 0.000%: −$2.69
Slippage, 4 orders: no order book: not counted
Fee Binance: 5 bp × 2 orders: −$10
Fee Nado: 3.5 bp × 2 orders: −$7
Net: −$19.69
Costs to cover: 0.170%
Break-even: never at this rate

Slippage unknown: Binance: live order book, 5 min ago; Nado: 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, 5 min ago	0.74 bp	17.2 bp −$17	65.5 bp −$655	366.0 bp −$36.6K	doesn't fit
Sell Nado no order-book sample	—	—	—	—	—

Nado: 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 18 exchanges

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	−0.0339%	4h	0.06749	−0.143%	$180K	$83K	—	as long as short
Bybit SKYUSDT	−0.0230%	4h	0.06755	−0.060%	$7.0M	$3.2M	25x	as long as short
Injective SKY/USDC PERP	+0.0033%	1h	0.06893	+1.982%	$376	$303K	12x	as long as short
Lighter SKY	+0.0096%	1h	0.06763	+0.058%	$178K	$101K	10x	as long as short
Nado SKY-PERPshort	+0.0100%	1h	0.06757	−0.027%	$68K	$35K	5x
Aster SKYUSDT	+0.0100%	4h	0.06765	+0.080%	$42K	$37K	20x	as long as short
Binance SKYUSDTlong	+0.0100%	4h	0.06759	long leg	$15.1M	$10.7M	75x
OKX SKY-USDT-SWAP	+0.0100%	4h	0.06757	−0.031%	$789K	$1.0M	20x	as long as short
Gate SKY_USDT	+0.0100%	4h	0.06755	−0.060%	$572K	$259K	50x	as long as short
MEXC SKY_USDT	+0.0100%	4h	0.06760	+0.014%	$994K	$247K	100x	as long as short

Show all 18 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin SKYUSDTM	+0.0100%	4h	0.06769	+0.147%	$400K	$274K	50x	as long as short
Bitget SKYUSDT	+0.0100%	4h	0.06760	+0.014%	$2.8M	$1.3M	75x	as long as short
BingX SKY-USDT	+0.0100%	4h	0.06758	−0.016%	—	$2.5M	—	as long as short
ApeX Omni SKYUSDT	+0.0100%	1h	0.06761	+0.029%	$34K	$649K	50x	as long as short
Orderly PERP_SKY_USDC_mythos	+0.0100%	4h	0.06763	+0.055%	$1K	$4K	10x	as long as short
BloFin SKY-USDT	+0.0136%	4h	0.06760	+0.014%	$575K	$32K	75x	as long as short
Hyperliquid SKY	+0.0273%	1h	0.06770	+0.154%	$2.8M	$802K	3x	as long as short
GMX SKY/USD [ETH-USDC]	L +0.0516% / S −0.0249%	1h	0.06764	+0.069%	$80K	—	50x	as long as short