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: Binance against BingX0.000%7-day average +0.045% · you sell dearer than you buy

Net, funding: paid 7d − costs−$70as in the Funding arb table

Net, price: spread back to 7d avg − costs−$75as in the Price arb table

costs, in and out, $10k−$700.701% of the position

Long on BingX Short on Binance

What this pair did over the last

the charts below follow

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

Price spread, last 7 days+0.016%+$2 · spread now 0.000%, 7d avg +0.045%

Together, before fees+0.016%+$2 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: Binance is 0.045% cheaper against BingX than usual: you would sell low and buy high, −$4 on $10k if it goes back to its 7-day average of +0.045%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX SKY-USDT	0.06909	0.0100	pay 0.0050% / 4h	2h 09m	—	$2.4M	—
Short	Binance SKYUSDT	0.06909	0.0100	get 0.0050% / 4h	2h 09m	$15.8M	$11.1M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance 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 BinancebpOrdersPrice spread, now 0.000%Rate

Funding earned: $0
Price spread: 0.000% → +0.045%: −$4.47
Slippage, 4 orders: −$50.12
Fee BingX: 5 bp × 2 orders: −$10
Fee Binance: 5 bp × 2 orders: −$10
Net: −$74.59
Costs to cover: 0.701%
Break-even: never at this rate

Slippage from BingX: live order book, 9 min ago; Binance: live order book, 16 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, 9 min ago	4.32 bp	18.3 bp −$18	49.1 bp −$491	249.4 bp −$24.9K	977.5 bp −$488.7K
Sell Binance live order book, 16 min ago	1.43 bp	19.9 bp −$20	63.2 bp −$632	319.5 bp −$32.0K	doesn't fit

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	−0.0470%	4h	0.06913	+0.062%	$185K	$126K	—	as long as short
Bybit SKYUSDT	−0.0154%	4h	0.06900	−0.130%	$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	0.06905	−0.055%	$180K	$181K	10x	as long as short
Nado SKY-PERP	+0.0100%	1h	0.06915	+0.094%	$69K	$28K	5x	as long as short
Hyperliquid SKY	+0.0100%	1h	0.06918	+0.132%	$2.9M	$896K	3x	as long as short
Aster SKYUSDT	+0.0100%	4h	0.06921	+0.174%	$42K	$44K	20x	as long as short
Binance SKYUSDTshort	+0.0100%	4h	0.06909	0.000%	$15.8M	$11.1M	75x
OKX SKY-USDT-SWAP	+0.0100%	4h	0.06904	−0.072%	$824K	$1.2M	20x	as long as short
Gate SKY_USDT	+0.0100%	4h	0.06916	+0.101%	$594K	$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	0.06909	0.000%	$1.0M	$286K	100x	as long as short
KuCoin SKYUSDTM	+0.0100%	4h	0.06912	+0.043%	$412K	$295K	50x	as long as short
Bitget SKYUSDT	+0.0100%	4h	0.06911	+0.029%	$2.9M	$1.6M	75x	as long as short
BingX SKY-USDTlong	+0.0100%	4h	0.06909	long leg	—	$2.4M	—
ApeX Omni SKYUSDT	+0.0100%	1h	0.06934	+0.362%	$28K	$668K	50x	as long as short
Orderly PERP_SKY_USDC_mythos	+0.0100%	4h	0.06915	+0.093%	$1K	$3K	10x	as long as short
GMX SKY/USD [ETH-USDC]	L +0.0523% / S −0.0248%	1h	0.06912	+0.045%	$82K	—	50x	as long as short