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: Binance against Bitget−0.012%7-day average +0.062% · you buy dearer than you sell

Net, funding: paid 7d − costs−$75as in the Funding arb table

Net, price: spread back to 7d avg − costs−$82as in the Price arb table

costs, in and out, $10k−$750.750% of the position

Long on Bitget 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+0.023%+$2 · spread now −0.012%, 7d avg +0.062%

Together, before fees+0.023%+$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 0.075% cheaper against Bitget than usual: you would sell low and buy high, −$7 on $10k if it goes back to its 7-day average of +0.062%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget SKYUSDT	0.07201	0.0100	pay 0.0050% / 4h	2h 41m	$3.0M	$2.0M	75x
Short	Binance SKYUSDT	0.07200	0.0100	get 0.0050% / 4h	2h 41m	$16.6M	$9.5M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance 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

Position, each leg$Hold fordaysFee BitgetbpFee BinancebpOrdersPrice spread, now −0.012%Rate

Funding earned: $0
Price spread: −0.012% → +0.062%: −$7.45
Slippage, 4 orders: −$52.98
Fee Bitget: 6 bp × 2 orders: −$12
Fee Binance: 5 bp × 2 orders: −$10
Net: −$82.44
Costs to cover: 0.750%
Break-even: never at this rate

Slippage from Bitget: live order book, 1 min ago; Binance: live order book, 15 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 Bitget live order book, 1 min ago	4.86 bp	20.1 bp −$20	54.4 bp −$544	doesn't fit	doesn't fit
Sell Binance live order book, 15 min ago	0.69 bp	15.0 bp −$15	52.7 bp −$527	319.7 bp −$32.0K	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	−0.0656%	4h	0.07191	−0.145%	$207K	$94K	—	as long as short
Bybit SKYUSDT	−0.0257%	4h	0.07189	−0.167%	$8.0M	$3.3M	25x	as long as short
Injective SKY/USDC PERP	+0.0033%	1h	0.07254	+0.736%	$396	$184K	12x	as long as short
Lighter SKY	+0.0096%	1h	0.07200	−0.015%	$189K	$163K	10x	as long as short
Nado SKY-PERP	+0.0100%	1h	0.07200	−0.017%	$71K	$26K	5x	as long as short
Aster SKYUSDT	+0.0100%	4h	0.07204	+0.043%	$43K	$36K	20x	as long as short
Binance SKYUSDTshort	+0.0100%	4h	0.07200	−0.012%	$16.6M	$9.5M	75x
OKX SKY-USDT-SWAP	+0.0100%	4h	0.07194	−0.097%	$875K	$1.3M	20x	as long as short
Gate SKY_USDT	+0.0100%	4h	0.07189	−0.167%	$618K	$254K	50x	as long as short
MEXC SKY_USDT	+0.0100%	4h	0.07201	0.000%	$1.1M	$280K	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	0.07187	−0.194%	$442K	$287K	50x	as long as short
Bitget SKYUSDTlong	+0.0100%	4h	0.07201	long leg	$3.0M	$2.0M	75x
BingX SKY-USDT	+0.0100%	4h	0.07194	−0.097%	—	$2.4M	—	as long as short
ApeX Omni SKYUSDT	+0.0100%	1h	0.07197	−0.056%	$20K	$683K	50x	as long as short
Orderly PERP_SKY_USDC_mythos	+0.0100%	4h	0.07203	+0.032%	$699	$2K	10x	as long as short
BloFin SKY-USDT	+0.0120%	4h	0.07195	−0.083%	$611K	$609K	75x	as long as short
Hyperliquid SKY	+0.0378%	1h	0.07211	+0.139%	$3.0M	$905K	3x	as long as short
GMX SKY/USD [ETH-USDC]	L +0.0534% / S −0.0248%	1h	0.07200	−0.021%	$85K	—	50x	as long as short