Settings8H · net · $10k
Funding arb · Price arb /

SKY

all SKY markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%
Price spread now: ApeX Omni against Bitget+0.170%53s7-day average +0.067% · you sell dearer than you buy
Net, funding: paid 7d − costs−$78as in the Funding arb table
Net, price: spread back to 7d avg − costsprices read too far apart to compare
costs, in and out, $10k−$670.668% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.116%−$12 on $10k
Price spread, last 3 days (all we have)+0.178%+$18 · spread now +0.170%, 7d avg +0.067%
Together, before fees+0.062%+$6 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 0.103% dearer against Bitget than usual: you sell high and buy low, +$10 on $10k if it goes back to its 7-day average of +0.067%. The two prices were read 53 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBitget SKYUSDT0.070600.0100pay 0.0050% / 4h30m 38s$2.9M$1.7M75x
ShortApeX Omni SKYUSDT0.070720.0100get 0.0013% / 1h30m 38s$20K$679K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

ApeX Omni against Bitget. 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

Funding earned
$0
Price spread: +0.170% → +0.067%
$10.27
Slippage, 4 orders
−$44.83
Fee Bitget: 6 bp × 2 orders
−$12
Fee ApeX Omni: 5 bp × 2 orders
−$10
Net
−$56.56
Costs to cover
0.668%
Break-even
never at this rate
Slippage from Bitget: live order book, 2 min ago; ApeX Omni: live order book, 48 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Bitget live order book, 2 min ago3.54 bp17.2 bp −$1757.4 bp −$574doesn't fitdoesn't fit
Sell ApeX Omni live order book, 48 min ago8.46 bp17.2 bp −$17108.8 bp −$1,088doesn't fitdoesn't fit

SKY on 18 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Variational Omni SKY−0.0641%4h0.07055−0.075%$194K$104Kas long as short
Bybit SKYUSDT−0.0253%4h0.07051−0.127%$7.6M$3.3M25xas long as short
Lighter SKY+0.0096%1h0.070600.000%$185K$155K10xas long as short
Nado SKY-PERP+0.0100%1h0.07065+0.078%$70K$25K5xas long as short
Aster SKYUSDT+0.0100%4h0.07064+0.051%$42K$43K20xas long as short
Binance SKYUSDT+0.0100%4h0.07059−0.014%$16.0M$10.3M75xas long as short
OKX SKY-USDT-SWAP+0.0100%4h0.07055−0.071%$848K$1.3M20xas long as short
Gate SKY_USDT+0.0100%4h0.07052−0.113%$601K$255K50xas long as short
MEXC SKY_USDT+0.0100%4h0.070600.000%$1.1M$286K100xas long as short
KuCoin SKYUSDTM+0.0100%4h0.07063+0.042%$423K$290K50xas long as short
Show all 18 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bitget SKYUSDTlong+0.0100%4h0.07060long leg$2.9M$1.7M75x
BingX SKY-USDT+0.0100%4h0.07054−0.085%$2.4Mas long as short
ApeX Omni SKYUSDTshort+0.0100%1h0.07072+0.170%$20K$679K50x
Orderly PERP_SKY_USDC_mythos+0.0100%4h0.07068+0.116%$1K$2K10xas long as short
BloFin SKY-USDT+0.0149%4h0.07066+0.085%$590K$29K75xas long as short
Injective SKY/USDC PERP+0.0158%1h0.07172+1.586%$392$303K12xas long as short
Hyperliquid SKY+0.0219%1h0.07070+0.139%$3.0M$903K3xas long as short
GMX SKY/USD [ETH-USDC]L +0.0527% / S −0.0248%1h0.07066+0.082%$84K50xas long as short