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

SKY

all SKY markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 22:00 UTC+0.0032%/8h= +3.6% APRpaid last 24h +0.001%
Price spread now: Lighter against BloFin+0.019%7-day average +0.002% · you sell dearer than you buy
Net, funding: paid 7d − costs−$66as in the Funding arb table
Net, price: spread back to 7d avg − costs−$65as in the Price arb table
costs, in and out, $10k−$670.671% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.012%+$1 on $10k
Price spread, last 3 days (all we have)−0.097%−$10 · spread now +0.019%, 7d avg +0.002%
Together, before fees−0.085%+ Points / potential airdropLighter: Season 3 · farm board−$8 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.002%, so right now this pair is about funding alone: +$1 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBloFin SKY-USDT0.072010.0064pay 0.0032% / 4h2h 27m$609K$610K75x
ShortLighter SKY0.072020.0096get 0.0012% / 1h27m 14s$189K$163K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Lighter against BloFin. 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
$6.82
Price spread: +0.019% → +0.002%
$1.71
Slippage, 4 orders
−$55.13
Fee BloFin: 6 bp × 2 orders
−$12
Fee Lighter: 0 bp × 2 orders
$0
Net
−$58.6
Costs to cover
0.671%
Break-even
67.2 days
Slippage from BloFin: live order book, 59 min ago; Lighter: live order book, 55 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 BloFin live order book, 59 min ago0.69 bp22.1 bp −$2246.4 bp −$464doesn't fitdoesn't fit
Sell Lighter live order book, 55 min ago11.33 bp13.7 bp −$14107.8 bp −$1,078doesn'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−0.0607%4h0.07188−0.178%$207K$94Kas long as short
Bybit SKYUSDT−0.0215%4h0.07193−0.111%$7.9M$3.3M25xas long as short
Injective SKY/USDC PERP+0.0033%1h0.07199−0.028%$393$222K12xas long as short
BloFin SKY-USDTlong+0.0064%4h0.07201long leg$609K$610K75x
Lighter SKYshort+0.0096%1h0.07202+0.019%$189K$163K10x
Nado SKY-PERP+0.0100%1h0.07200−0.007%$71K$26K5xas long as short
Aster SKYUSDT+0.0100%4h0.07202+0.016%$43K$36K20xas long as short
Binance SKYUSDT+0.0100%4h0.07203+0.027%$16.6M$9.5M75xas long as short
OKX SKY-USDT-SWAP+0.0100%4h0.07194−0.097%$871K$1.3M20xas long as short
Gate SKY_USDT+0.0100%4h0.07186−0.208%$617K$254K50xas long as short
Show all 18 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
MEXC SKY_USDT+0.0100%4h0.07202+0.014%$1.1M$280K100xas long as short
KuCoin SKYUSDTM+0.0100%4h0.07187−0.194%$442K$287K50xas long as short
Bitget SKYUSDT+0.0100%4h0.07202+0.014%$3.0M$2.0M75xas long as short
BingX SKY-USDT+0.0100%4h0.07196−0.069%$2.4Mas long as short
ApeX Omni SKYUSDT+0.0100%1h0.07196−0.069%$20K$685K50xas long as short
Orderly PERP_SKY_USDC_mythos+0.0100%4h0.07203+0.028%$699$2K10xas long as short
Hyperliquid SKY+0.0367%1h0.07215+0.190%$3.0M$905K3xas long as short
GMX SKY/USD [ETH-USDC]L +0.0534% / S −0.0248%1h0.07203+0.021%$85K50xas long as short