Funding arb · Price arb /

SKY

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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: Gate against Bitget+0.029%7-day average −0.073% · you sell dearer than you buy

Net, funding: paid 7d − costs−$232as in the Funding arb table

Net, price: spread back to 7d avg − costs−$205as in the Price arb table

costs, in and out, $10k−$2152.147% of the position

Long on Bitget Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.173%−$17 on $10k

Price spread, last 4 days (all we have)−0.069%−$7 · spread now +0.029%, 7d avg −0.073%

Together, before fees−0.242%−$24 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: Gate is 0.101% dearer against Bitget than usual: you sell high and buy low, +$10 on $10k if it goes back to its 7-day average of −0.073%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget SKYUSDT	0.06934	0.0100	pay 0.0050% / 4h	2h 11m	$2.9M	$1.6M	75x
Short	Gate SKY_USDT	0.06936	0.0100	get 0.0050% / 4h	2h 11m	$596K	$283K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now +0.029%Rate

Funding earned: $0
Price spread: +0.029% → −0.073%: $10.14
Slippage, 4 orders: −$187.71
Fee Bitget: 6 bp × 2 orders: −$12
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$204.57
Costs to cover: 2.147%
Break-even: never at this rate

Slippage from Bitget: live order book, 1 min ago; Gate: live order book, 54 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	5.77 bp	15.8 bp −$16	56.5 bp −$565	doesn't fit	doesn't fit
Sell Gate live order book, 54 min ago	4.27 bp	94.2 bp −$94	doesn't fit	doesn't fit	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	−0.0446%	4h	0.06928	−0.091%	$185K	$126K	—	as long as short
Bybit SKYUSDT	−0.0138%	4h	0.06920	−0.202%	$7.3M	$3.3M	25x	as long as short
Injective SKY/USDC PERP	+0.0033%	1h	0.07172	+3.432%	$392	$303K	12x	as long as short
Lighter SKY	+0.0096%	1h	0.06929	−0.072%	$181K	$181K	10x	as long as short
Nado SKY-PERP	+0.0100%	1h	0.06928	−0.090%	$69K	$28K	5x	as long as short
Hyperliquid SKY	+0.0100%	1h	0.06941	+0.102%	$2.9M	$911K	3x	as long as short
Aster SKYUSDT	+0.0100%	4h	0.06935	+0.009%	$42K	$44K	20x	as long as short
Binance SKYUSDT	+0.0100%	4h	0.06933	−0.008%	$15.8M	$11.1M	75x	as long as short
OKX SKY-USDT-SWAP	+0.0100%	4h	0.06926	−0.115%	$827K	$1.2M	20x	as long as short
Gate SKY_USDTshort	+0.0100%	4h	0.06936	+0.029%	$596K	$283K	50x

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC SKY_USDT	+0.0100%	4h	0.06933	−0.014%	$1.0M	$286K	100x	as long as short
KuCoin SKYUSDTM	+0.0100%	4h	0.06936	+0.029%	$413K	$295K	50x	as long as short
Bitget SKYUSDTlong	+0.0100%	4h	0.06934	long leg	$2.9M	$1.6M	75x
BingX SKY-USDT	+0.0100%	4h	0.06925	−0.130%	—	$2.4M	—	as long as short
ApeX Omni SKYUSDT	+0.0100%	1h	0.06941	+0.101%	$28K	$668K	50x	as long as short
Orderly PERP_SKY_USDC_mythos	+0.0100%	4h	0.06935	+0.010%	$1K	$3K	10x	as long as short
GMX SKY/USD [ETH-USDC]	L +0.0524% / S −0.0248%	1h	0.06932	−0.027%	$82K	—	50x	as long as short