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: MEXC against BingX+0.144%7-day average +0.037% · you sell dearer than you buy

Net, funding: paid 7d − costs−$62as in the Funding arb table

Net, price: spread back to 7d avg − costs−$51as in the Price arb table

costs, in and out, $10k−$620.616% of the position

Long on BingX Short on MEXC

What this pair did over the last

the charts below follow

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

Price spread, last 7 days−0.129%−$13 · spread now +0.144%, 7d avg +0.037%

Together, before fees−0.129%−$13 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: MEXC is 0.107% dearer against BingX than usual: you sell high and buy low, +$11 on $10k if it goes back to its 7-day average of +0.037%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX SKY-USDT	0.06926	0.0100	pay 0.0050% / 4h	2h 28m	—	$2.4M	—
Short	MEXC SKY_USDT	0.06936	0.0100	get 0.0050% / 4h	2h 28m	$1.0M	$271K	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now +0.144%Rate

Funding earned: $0
Price spread: +0.144% → +0.037%: $10.74
Slippage, 4 orders: −$47.64
Fee BingX: 5 bp × 2 orders: −$10
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$50.9
Costs to cover: 0.616%
Break-even: never at this rate

Slippage from BingX: live order book, 11 min ago; MEXC: live order book, 2 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, 11 min ago	4.34 bp	17.3 bp −$17	52.3 bp −$523	260.5 bp −$26.0K	982.7 bp −$491.3K
Sell MEXC live order book, 2 min ago	1.44 bp	13.4 bp −$13	85.0 bp −$850	291.1 bp −$29.1K	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	−0.0453%	4h	0.06927	+0.021%	$185K	$126K	—	as long as short
Bybit SKYUSDT	+0.0022%	4h	0.06929	+0.043%	$7.4M	$3.3M	25x	as long as short
Injective SKY/USDC PERP	+0.0033%	1h	0.07172	+3.552%	$392	$303K	12x	as long as short
Lighter SKY	+0.0096%	1h	0.06928	+0.036%	$181K	$181K	10x	as long as short
Nado SKY-PERP	+0.0100%	1h	0.06934	+0.116%	$69K	$28K	5x	as long as short
Hyperliquid SKY	+0.0100%	1h	0.06939	+0.185%	$2.9M	$915K	3x	as long as short
Aster SKYUSDT	+0.0100%	4h	0.06934	+0.117%	$42K	$45K	20x	as long as short
Binance SKYUSDT	+0.0100%	4h	0.06934	+0.116%	$15.9M	$11.2M	75x	as long as short
OKX SKY-USDT-SWAP	+0.0100%	4h	0.06928	+0.029%	$827K	$1.2M	20x	as long as short
Gate SKY_USDT	+0.0100%	4h	0.06926	0.000%	$595K	$282K	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_USDTshort	+0.0100%	4h	0.06936	+0.144%	$1.0M	$271K	100x
KuCoin SKYUSDTM	+0.0100%	4h	0.06934	+0.116%	$413K	$295K	50x	as long as short
Bitget SKYUSDT	+0.0100%	4h	0.06928	+0.029%	$2.9M	$1.6M	75x	as long as short
BingX SKY-USDTlong	+0.0100%	4h	0.06926	long leg	—	$2.4M	—
ApeX Omni SKYUSDT	+0.0100%	1h	0.06936	+0.144%	$28K	$678K	50x	as long as short
Orderly PERP_SKY_USDC_mythos	+0.0100%	4h	0.06933	+0.098%	$1K	$3K	10x	as long as short
GMX SKY/USD [ETH-USDC]	L +0.0523% / S −0.0248%	1h	0.06928	+0.029%	$82K	—	50x	as long as short