Funding arb · Price arb /

SKY

all SKY markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: ApeX Omni against BingX+0.044%7-day average +0.068% · you sell dearer than you buy

Net, funding: paid 7d − costs−$81as in the Funding arb table

Net, price: spread back to 7d avg − costs−$72as in the Price arb table

costs, in and out, $10k−$690.692% of the position

Long on BingX Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days−0.115%−$11 on $10k

Price spread, last 4 days (all we have)+0.301%+$30 · spread now +0.044%, 7d avg +0.068%

Together, before fees+0.187%+$19 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: ApeX Omni is 0.024% cheaper against BingX than usual: you would sell low and buy high, −$2 on $10k if it goes back to its 7-day average of +0.068%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX SKY-USDT	0.06863	0.0100	pay 0.0050% / 4h	3h 11m	—	$2.4M	—
Short	ApeX Omni SKYUSDT	0.06866	0.0100	get 0.0013% / 1h	11m 34s	$27K	$649K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against BingX. 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 BingXbpFee ApeX OmnibpOrdersPrice spread, now +0.044%Rate

Funding earned: $0
Price spread: +0.044% → +0.068%: −$2.38
Slippage, 4 orders: −$49.21
Fee BingX: 5 bp × 2 orders: −$10
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$71.59
Costs to cover: 0.692%
Break-even: never at this rate

Slippage from BingX: live order book, 7 min ago; ApeX Omni: live order book, 42 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 BingX live order book, 7 min ago	2.91 bp	16.9 bp −$17	54.4 bp −$544	274.5 bp −$27.5K	978.9 bp −$489.5K
Sell ApeX Omni live order book, 42 min ago	7.26 bp	15.2 bp −$15	98.2 bp −$982	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
Injective SKY/USDC PERP	−0.0269%	1h	0.06893	+0.437%	$376	$303K	12x	as long as short
Variational Omni SKY	−0.0020%	4h	0.06865	+0.033%	$183K	$113K	—	as long as short
Lighter SKY	+0.0096%	1h	0.06862	−0.019%	$179K	$139K	10x	as long as short
Nado SKY-PERP	+0.0100%	1h	0.06863	−0.007%	$76K	$32K	5x	as long as short
Aster SKYUSDT	+0.0100%	4h	0.06864	+0.009%	$42K	$42K	20x	as long as short
Binance SKYUSDT	+0.0100%	4h	0.06864	+0.015%	$15.7M	$11.0M	75x	as long as short
Bybit SKYUSDT	+0.0100%	4h	0.06855	−0.117%	$7.2M	$3.2M	25x	as long as short
OKX SKY-USDT-SWAP	+0.0100%	4h	0.06859	−0.058%	$819K	$1.1M	20x	as long as short
Gate SKY_USDT	+0.0100%	4h	0.06860	−0.044%	$594K	$271K	50x	as long as short
MEXC SKY_USDT	+0.0100%	4h	0.06864	+0.015%	$1.0M	$266K	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	0.06857	−0.087%	$403K	$292K	50x	as long as short
Bitget SKYUSDT	+0.0100%	4h	0.06861	−0.029%	$2.8M	$1.5M	75x	as long as short
BingX SKY-USDTlong	+0.0100%	4h	0.06863	long leg	—	$2.4M	—
ApeX Omni SKYUSDTshort	+0.0100%	1h	0.06866	+0.044%	$27K	$649K	50x
Orderly PERP_SKY_USDC_mythos	+0.0100%	4h	0.06862	−0.020%	$1K	$3K	10x	as long as short
BloFin SKY-USDT	+0.0124%	4h	0.06865	+0.029%	$582K	$29K	75x	as long as short
Hyperliquid SKY	+0.0264%	1h	0.06872	+0.130%	$2.8M	$909K	3x	as long as short
GMX SKY/USD [ETH-USDC]	L +0.0522% / S −0.0248%	1h	0.06860	−0.051%	$81K	—	50x	as long as short