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 +0.003%

Price spread now: Orderly against Binance+0.020%7-day average — · you sell dearer than you buy

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

Long on Binance Short on Orderly

What this pair did over the last

the charts below follow

Funding, last 5 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

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance SKYUSDT	0.06928	0.0100	pay 0.0050% / 4h	1h 16m	$15.8M	$10.9M	75x
Short	Orderly PERP_SKY_USDC_mythos	0.06930	0.0100	get 0.0050% / 4h	1h 16m	$1K	$3K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly 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 OrderlybpOrdersPrice spread, now +0.020%Rate

Funding earned: $0
Price spread: +0.020% → 0.000%: $1.96
Slippage, 4 orders: no order book: not counted
Fee Binance: 5 bp × 2 orders: −$10
Fee Orderly: 3 bp × 2 orders: −$6
Net: −$14.04
Costs to cover: 0.160%
Break-even: never at this rate

Slippage unknown: Binance: live order book, 9 min ago; Orderly: 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, 9 min ago	0.72 bp	14.2 bp −$14	55.0 bp −$550	350.5 bp −$35.0K	doesn't fit
Sell Orderly no order-book sample	—	—	—	—	—

Orderly: 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 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	+0.171%	$185K	$115K	—	as long as short
Bybit SKYUSDT	0.0000%	4h	0.06915	−0.193%	$7.2M	$3.2M	25x	as long as short
Injective SKY/USDC PERP	+0.0033%	1h	0.07172	+3.517%	$392	$303K	12x	as long as short
Lighter SKY	+0.0096%	1h	0.06927	−0.018%	$181K	$177K	10x	as long as short
Nado SKY-PERP	+0.0100%	1h	0.06931	+0.042%	$74K	$30K	5x	as long as short
Aster SKYUSDT	+0.0100%	4h	0.06931	+0.043%	$42K	$43K	20x	as long as short
Binance SKYUSDTlong	+0.0100%	4h	0.06928	long leg	$15.8M	$10.9M	75x
OKX SKY-USDT-SWAP	+0.0100%	4h	0.06920	−0.120%	$825K	$1.2M	20x	as long as short
Gate SKY_USDT	+0.0100%	4h	0.06930	+0.024%	$602K	$286K	50x	as long as short
MEXC SKY_USDT	+0.0100%	4h	0.06927	−0.019%	$1.0M	$272K	100x	as long as short

Show all 18 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin SKYUSDTM	+0.0100%	4h	0.06919	−0.135%	$407K	$292K	50x	as long as short
Bitget SKYUSDT	+0.0100%	4h	0.06934	+0.082%	$2.9M	$1.5M	75x	as long as short
BingX SKY-USDT	+0.0100%	4h	0.06927	−0.019%	—	$2.4M	—	as long as short
ApeX Omni SKYUSDT	+0.0100%	1h	0.06953	+0.356%	$28K	$663K	50x	as long as short
Orderly PERP_SKY_USDC_mythosshort	+0.0100%	4h	0.06930	+0.020%	$1K	$3K	10x
BloFin SKY-USDT	+0.0110%	4h	0.06952	+0.341%	$589K	$29K	75x	as long as short
GMX SKY/USD [ETH-USDC]	L +0.0523% / S −0.0248%	1h	0.06928	−0.011%	$82K	—	50x	as long as short
Hyperliquid SKY	+0.0612%	1h	0.06939	+0.151%	$2.9M	$927K	3x	as long as short