Funding arb · Price arb /

SKY

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0051%/8h= −5.6% APRpaid last 24h −0.001%

Price spread now: Nado against BloFin−0.017%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on BloFin Short on Nado

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropNado: Active · farm boardneeds both histories

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: −$2 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin SKY-USDT	0.07210	0.0151	pay 0.0075% / 4h	2h 24m	$609K	$610K	75x
Short	Nado SKY-PERP	0.07209	0.0100	get 0.0012% / 1h	24m 11s	$71K	$26K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado 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

Position, each leg$Hold fordaysFee BloFinbpFee NadobpOrdersPrice spread, now −0.017%Rate

Funding earned: −$10.69
Price spread: −0.017% → 0.000%: −$1.73
Slippage, 4 orders: no order book: not counted
Fee BloFin: 6 bp × 2 orders: −$12
Fee Nado: 3.5 bp × 2 orders: −$7
Net: −$31.43
Costs to cover: 0.190%
Break-even: never at this rate

Slippage unknown: BloFin: live order book, 62 min ago; Nado: no order-book sample. Net counts fees only.

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 BloFin live order book, 62 min ago	0.69 bp	22.1 bp −$22	46.4 bp −$464	doesn't fit	doesn't fit
Sell Nado no order-book sample	—	—	—	—	—

Nado: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	−0.0577%	4h	0.07197	−0.177%	$207K	$94K	—	as long as short
Bybit SKYUSDT	−0.0140%	4h	0.07197	−0.180%	$7.9M	$3.3M	25x	as long as short
Injective SKY/USDC PERP	+0.0033%	1h	0.07199	−0.153%	$393	$222K	12x	as long as short
Lighter SKY	+0.0096%	1h	0.07208	−0.028%	$189K	$163K	10x	as long as short
Nado SKY-PERPshort	+0.0100%	1h	0.07209	−0.017%	$71K	$26K	5x
Aster SKYUSDT	+0.0100%	4h	0.07212	+0.028%	$43K	$36K	20x	as long as short
Binance SKYUSDT	+0.0100%	4h	0.07209	−0.009%	$16.6M	$9.5M	75x	as long as short
OKX SKY-USDT-SWAP	+0.0100%	4h	0.07200	−0.139%	$871K	$1.3M	20x	as long as short
Gate SKY_USDT	+0.0100%	4h	0.07193	−0.236%	$618K	$254K	50x	as long as short
MEXC SKY_USDT	+0.0100%	4h	0.07208	−0.028%	$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	0.07188	−0.305%	$442K	$287K	50x	as long as short
Bitget SKYUSDT	+0.0100%	4h	0.07208	−0.028%	$3.0M	$2.0M	75x	as long as short
BingX SKY-USDT	+0.0100%	4h	0.07201	−0.125%	—	$2.4M	—	as long as short
ApeX Omni SKYUSDT	+0.0100%	1h	0.07203	−0.097%	$20K	$685K	50x	as long as short
Orderly PERP_SKY_USDC_mythos	+0.0100%	4h	0.07211	+0.015%	$699	$2K	10x	as long as short
BloFin SKY-USDTlong	+0.0151%	4h	0.07210	long leg	$609K	$610K	75x
Hyperliquid SKY	+0.0371%	1h	0.07219	+0.126%	$3.1M	$904K	3x	as long as short
GMX SKY/USD [ETH-USDC]	L +0.0533% / S −0.0248%	1h	0.07207	−0.037%	$85K	—	50x	as long as short