Funding arb · Price arb /

SKY

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.004%

Price spread now: Nado against BingX+0.080%7-day average — · you sell dearer than you buy

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

Long on BingX Short on Nado

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropNado: Active · farm boardneeds both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Nado is 0.080% dearer against BingX than usual: you sell high and buy low, +$8 on $10k if it goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX SKY-USDT	0.07197	0.0100	pay 0.0050% / 4h	1h 52m	—	$2.4M	—
Short	Nado SKY-PERP	0.07203	0.0100	get 0.0012% / 1h	52m 37s	$71K	$25K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado 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 NadobpOrdersPrice spread, now +0.080%Rate

Funding earned: $0
Price spread: +0.080% → 0.000%: $7.99
Slippage, 4 orders: no order book: not counted
Fee BingX: 5 bp × 2 orders: −$10
Fee Nado: 3.5 bp × 2 orders: −$7
Net: −$9.01
Costs to cover: 0.170%
Break-even: never at this rate

Slippage unknown: BingX: live order book, 11 min ago; Nado: 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 BingX live order book, 11 min ago	3.48 bp	18.4 bp −$18	55.8 bp −$558	278.1 bp −$27.8K	984.0 bp −$492.0K
Sell Nado no order-book sample	—	—	—	—	—

Nado: 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	−0.0512%	4h	0.07205	+0.117%	$207K	$94K	—	as long as short
Bybit SKYUSDT	−0.0094%	4h	0.07188	−0.125%	$7.9M	$3.4M	25x	as long as short
Injective SKY/USDC PERP	+0.0014%	1h	0.07197	0.000%	$393	$260K	12x	as long as short
Lighter SKY	+0.0096%	1h	0.07199	+0.031%	$189K	$163K	10x	as long as short
Nado SKY-PERPshort	+0.0100%	1h	0.07203	+0.080%	$71K	$25K	5x
Aster SKYUSDT	+0.0100%	4h	0.07201	+0.057%	$43K	$36K	20x	as long as short
Binance SKYUSDT	+0.0100%	4h	0.07204	+0.095%	$16.6M	$9.6M	75x	as long as short
OKX SKY-USDT-SWAP	+0.0100%	4h	0.07193	−0.056%	$870K	$1.3M	20x	as long as short
Gate SKY_USDT	+0.0100%	4h	0.07199	+0.028%	$618K	$252K	50x	as long as short
MEXC SKY_USDT	+0.0100%	4h	0.07197	0.000%	$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	0.07201	+0.056%	$443K	$279K	50x	as long as short
Bitget SKYUSDT	+0.0100%	4h	0.07201	+0.056%	$3.0M	$2.0M	75x	as long as short
BingX SKY-USDTlong	+0.0100%	4h	0.07197	long leg	—	$2.4M	—
ApeX Omni SKYUSDT	+0.0100%	1h	0.07220	+0.320%	$20K	$687K	50x	as long as short
Orderly PERP_SKY_USDC_mythos	+0.0100%	4h	0.07209	+0.170%	$699	$2K	10x	as long as short
BloFin SKY-USDT	+0.0116%	4h	0.07224	+0.375%	$609K	$612K	75x	as long as short
Hyperliquid SKY	+0.0387%	1h	0.07210	+0.185%	$3.0M	$904K	3x	as long as short
GMX SKY/USD [ETH-USDC]	L +0.0534% / S −0.0248%	1h	0.07199	+0.031%	$85K	—	50x	as long as short