Funding arb · Price arb /

SKY

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: MEXC against Bitget+0.015%7-day average +0.054% · you sell dearer than you buy

Net, funding: paid 7d − costs−$58as in the Funding arb table

Net, price: spread back to 7d avg − costs−$62as in the Price arb table

costs, in and out, $10k−$580.583% of the position

Long on Bitget Short on MEXC

What this pair did over the last

the charts below follow

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

Price spread, last 7 days+0.054%+$5 · spread now +0.015%, 7d avg +0.054%

Together, before fees+0.054%+$5 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: MEXC is 0.039% cheaper against Bitget than usual: you would sell low and buy high, −$4 on $10k if it goes back to its 7-day average of +0.054%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget SKYUSDT	0.06863	0.0100	pay 0.0050% / 4h	3h 32m	$2.8M	$1.5M	75x
Short	MEXC SKY_USDT	0.06864	0.0100	get 0.0050% / 4h	3h 32m	$1.0M	$265K	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now +0.015%Rate

Funding earned: $0
Price spread: +0.015% → +0.054%: −$3.91
Slippage, 4 orders: −$42.33
Fee Bitget: 6 bp × 2 orders: −$12
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$62.24
Costs to cover: 0.583%
Break-even: never at this rate

Slippage from Bitget: live order book, 5 min ago; MEXC: live order book, 3 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, 5 min ago	4.36 bp	19.2 bp −$19	58.1 bp −$581	doesn't fit	doesn't fit
Sell MEXC live order book, 3 min ago	0.73 bp	10.1 bp −$10	87.8 bp −$878	284.4 bp −$28.4K	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
Injective SKY/USDC PERP	−0.0269%	1h	0.06893	+0.437%	$376	$303K	12x	as long as short
Variational Omni SKY	−0.0119%	4h	0.06862	−0.017%	$183K	$113K	—	as long as short
Lighter SKY	+0.0096%	1h	0.06864	+0.015%	$179K	$139K	10x	as long as short
Nado SKY-PERP	+0.0100%	1h	0.06862	−0.018%	$76K	$31K	5x	as long as short
Aster SKYUSDT	+0.0100%	4h	0.06866	+0.040%	$42K	$42K	20x	as long as short
Binance SKYUSDT	+0.0100%	4h	0.06864	+0.017%	$15.7M	$11.0M	75x	as long as short
Bybit SKYUSDT	+0.0100%	4h	0.06859	−0.058%	$7.2M	$3.2M	25x	as long as short
OKX SKY-USDT-SWAP	+0.0100%	4h	0.06863	0.000%	$822K	$1.1M	20x	as long as short
Gate SKY_USDT	+0.0100%	4h	0.06857	−0.087%	$594K	$270K	50x	as long as short
MEXC SKY_USDTshort	+0.0100%	4h	0.06864	+0.015%	$1.0M	$265K	100x

Show all 18 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin SKYUSDTM	+0.0100%	4h	0.06860	−0.044%	$404K	$291K	50x	as long as short
Bitget SKYUSDTlong	+0.0100%	4h	0.06863	long leg	$2.8M	$1.5M	75x
BingX SKY-USDT	+0.0100%	4h	0.06862	−0.015%	—	$2.4M	—	as long as short
ApeX Omni SKYUSDT	+0.0100%	1h	0.06878	+0.219%	$27K	$653K	50x	as long as short
Orderly PERP_SKY_USDC_mythos	+0.0100%	4h	0.06866	+0.039%	$1K	$3K	10x	as long as short
BloFin SKY-USDT	+0.0133%	4h	0.06860	−0.044%	$583K	$29K	75x	as long as short
Hyperliquid SKY	+0.0214%	1h	0.06872	+0.137%	$2.8M	$909K	3x	as long as short
GMX SKY/USD [ETH-USDC]	L +0.0522% / S −0.0248%	1h	0.06863	−0.006%	$81K	—	50x	as long as short