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: BingX against Bitget+0.043%7-day average +0.018% · you sell dearer than you buy

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

Net, price: spread back to 7d avg − costs−$72as in the Price arb table

costs, in and out, $10k−$750.745% of the position

Long on Bitget Short on BingX

What this pair did over the last

the charts below follow

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

Price spread, last 7 days+0.033%+$3 · spread now +0.043%, 7d avg +0.018%

Together, before fees+0.033%+$3 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: BingX is 0.026% dearer against Bitget than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of +0.018%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget SKYUSDT	0.06910	0.0100	pay 0.0050% / 4h	2h 09m	$2.9M	$1.6M	75x
Short	BingX SKY-USDT	0.06913	0.0100	get 0.0050% / 4h	2h 09m	—	$2.4M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX 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 BingXbpOrdersPrice spread, now +0.043%Rate

Funding earned: $0
Price spread: +0.043% → +0.018%: $2.56
Slippage, 4 orders: −$52.55
Fee Bitget: 6 bp × 2 orders: −$12
Fee BingX: 5 bp × 2 orders: −$10
Net: −$71.99
Costs to cover: 0.745%
Break-even: never at this rate

Slippage from Bitget: live order book, 3 min ago; BingX: live order book, 9 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, 3 min ago	5.77 bp	15.8 bp −$16	56.5 bp −$565	doesn't fit	doesn't fit
Sell BingX live order book, 9 min ago	4.32 bp	20.2 bp −$20	61.5 bp −$615	244.6 bp −$24.5K	780.9 bp −$390.5K

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	−0.0470%	4h	0.06913	+0.048%	$185K	$126K	—	as long as short
Bybit SKYUSDT	−0.0154%	4h	0.06900	−0.145%	$7.3M	$3.3M	25x	as long as short
Injective SKY/USDC PERP	+0.0033%	1h	0.07172	+3.792%	$392	$303K	12x	as long as short
Lighter SKY	+0.0096%	1h	0.06912	+0.035%	$180K	$181K	10x	as long as short
Nado SKY-PERP	+0.0100%	1h	0.06915	+0.080%	$69K	$28K	5x	as long as short
Hyperliquid SKY	+0.0100%	1h	0.06924	+0.197%	$2.9M	$914K	3x	as long as short
Aster SKYUSDT	+0.0100%	4h	0.06921	+0.159%	$42K	$44K	20x	as long as short
Binance SKYUSDT	+0.0100%	4h	0.06911	+0.022%	$15.8M	$11.1M	75x	as long as short
OKX SKY-USDT-SWAP	+0.0100%	4h	0.06907	−0.043%	$824K	$1.2M	20x	as long as short
Gate SKY_USDT	+0.0100%	4h	0.06920	+0.145%	$594K	$283K	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_USDT	+0.0100%	4h	0.06909	−0.014%	$1.0M	$286K	100x	as long as short
KuCoin SKYUSDTM	+0.0100%	4h	0.06912	+0.029%	$412K	$295K	50x	as long as short
Bitget SKYUSDTlong	+0.0100%	4h	0.06910	long leg	$2.9M	$1.6M	75x
BingX SKY-USDTshort	+0.0100%	4h	0.06913	+0.043%	—	$2.4M	—
ApeX Omni SKYUSDT	+0.0100%	1h	0.06934	+0.347%	$28K	$668K	50x	as long as short
Orderly PERP_SKY_USDC_mythos	+0.0100%	4h	0.06915	+0.078%	$1K	$3K	10x	as long as short
GMX SKY/USD [ETH-USDC]	L +0.0523% / S −0.0248%	1h	0.06912	+0.030%	$82K	—	50x	as long as short