Funding arb · Price arb /

SKY

all SKY markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Bitget against BingX+0.196%7-day average −0.019% · you sell dearer than you buy

Net, funding: paid 7d − costs−$71as in the Funding arb table

Net, price: spread back to 7d avg − costs−$49as in the Price arb table

costs, in and out, $10k−$710.708% of the position

Long on BingX Short on Bitget

What this pair did over the last

the charts below follow

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

Price spread, last 7 days−0.224%−$22 · spread now +0.196%, 7d avg −0.019%

Together, before fees−0.224%−$22 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: Bitget is 0.215% dearer against BingX than usual: you sell high and buy low, +$21 on $10k if it goes back to its 7-day average of −0.019%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX SKY-USDT	0.07158	0.0100	pay 0.0050% / 4h	1h 49m	—	$2.4M	—
Short	Bitget SKYUSDT	0.07172	0.0100	get 0.0050% / 4h	1h 49m	$3.0M	$2.0M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now +0.196%Rate

Funding earned: $0
Price spread: +0.196% → −0.019%: $21.46
Slippage, 4 orders: −$48.83
Fee BingX: 5 bp × 2 orders: −$10
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$49.37
Costs to cover: 0.708%
Break-even: never at this rate

Slippage from BingX: live order book, 14 min ago; Bitget: live order book, 3 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, 14 min ago	3.48 bp	18.4 bp −$18	55.8 bp −$558	278.1 bp −$27.8K	984.0 bp −$492.0K
Sell Bitget live order book, 3 min ago	4.86 bp	19.0 bp −$19	53.4 bp −$534	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	−0.0493%	4h	0.07181	+0.327%	$198K	$104K	—	as long as short
Bybit SKYUSDT	−0.0125%	4h	0.07159	+0.014%	$7.8M	$3.3M	25x	as long as short
Injective SKY/USDC PERP	+0.0014%	1h	0.07197	+0.545%	$393	$260K	12x	as long as short
Nado SKY-PERP	+0.0047%	1h	0.07195	+0.520%	$71K	$25K	5x	as long as short
Lighter SKY	+0.0096%	1h	0.07190	+0.447%	$188K	$163K	10x	as long as short
Aster SKYUSDT	+0.0100%	4h	0.07174	+0.221%	$43K	$36K	20x	as long as short
Binance SKYUSDT	+0.0100%	4h	0.07172	+0.196%	$16.5M	$9.5M	75x	as long as short
OKX SKY-USDT-SWAP	+0.0100%	4h	0.07158	0.000%	$857K	$1.3M	20x	as long as short
Gate SKY_USDT	+0.0100%	4h	0.07171	+0.182%	$615K	$252K	50x	as long as short
MEXC SKY_USDT	+0.0100%	4h	0.07174	+0.224%	$1.1M	$278K	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	0.07171	+0.182%	$441K	$279K	50x	as long as short
Bitget SKYUSDTshort	+0.0100%	4h	0.07172	+0.196%	$3.0M	$2.0M	75x
BingX SKY-USDTlong	+0.0100%	4h	0.07158	long leg	—	$2.4M	—
ApeX Omni SKYUSDT	+0.0100%	1h	0.07197	+0.545%	$20K	$687K	50x	as long as short
Orderly PERP_SKY_USDC_mythos	+0.0100%	4h	0.07194	+0.499%	$698	$2K	10x	as long as short
BloFin SKY-USDT	+0.0117%	4h	0.07196	+0.531%	$606K	$609K	75x	as long as short
Hyperliquid SKY	+0.0402%	1h	0.07180	+0.310%	$3.0M	$906K	3x	as long as short
GMX SKY/USD [ETH-USDC]	L +0.0533% / S −0.0248%	1h	0.07191	+0.455%	$85K	—	50x	as long as short