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 +0.023%

Price spread now: Aster against Bybit+0.134%7-day average — · you sell dearer than you buy

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

Long on Bybit Short on Aster

What this pair did over the last

the charts below follow

Funding, last 7 days+0.022%+$2 on $10k

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

Together, before fees—+ Points / potential airdropAster: Stage 5 · farm boardneeds both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Aster is 0.134% dearer against Bybit than usual: you sell high and buy low, +$13 on $10k if it goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit SKYUSDT	0.06855	0.0100	pay 0.0050% / 4h	2h 43m	$7.2M	$3.2M	25x
Short	Aster SKYUSDT	0.06864	0.0100	get 0.0050% / 4h	2h 43m	$42K	$42K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Bybit. 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 BybitbpFee AsterbpOrdersPrice spread, now +0.134%Rate

Funding earned: $0
Price spread: +0.134% → 0.000%: $13.35
Slippage, 4 orders: no order book: not counted
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Aster: 4 bp × 2 orders: −$8
Net: −$5.65
Costs to cover: 0.190%
Break-even: never at this rate

Slippage unknown: Bybit: live order book, 5 min ago; Aster: 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 Bybit live order book, 5 min ago	2.18 bp	31.6 bp −$32	280.4 bp −$2,804	doesn't fit	doesn't fit
Sell Aster no order-book sample	—	—	—	—	—

Aster: 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
Injective SKY/USDC PERP	+0.0033%	1h	0.06893	+0.554%	$376	$303K	12x	as long as short
Variational Omni SKY	+0.0077%	4h	0.06863	+0.121%	$183K	$113K	—	as long as short
Lighter SKY	+0.0096%	1h	0.06863	+0.118%	$179K	$118K	10x	as long as short
Nado SKY-PERP	+0.0100%	1h	0.06860	+0.080%	$75K	$32K	5x	as long as short
Hyperliquid SKY	+0.0100%	1h	0.06873	+0.268%	$2.8M	$908K	3x	as long as short
Aster SKYUSDTshort	+0.0100%	4h	0.06864	+0.134%	$42K	$42K	20x
Binance SKYUSDT	+0.0100%	4h	0.06862	+0.098%	$15.7M	$11.0M	75x	as long as short
Bybit SKYUSDTlong	+0.0100%	4h	0.06855	long leg	$7.2M	$3.2M	25x
OKX SKY-USDT-SWAP	+0.0100%	4h	0.06856	+0.015%	$815K	$1.1M	20x	as long as short
Gate SKY_USDT	+0.0100%	4h	0.06857	+0.029%	$583K	$287K	50x	as long as short

Show all 18 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC SKY_USDT	+0.0100%	4h	0.06861	+0.088%	$1.0M	$261K	100x	as long as short
KuCoin SKYUSDTM	+0.0100%	4h	0.06870	+0.219%	$403K	$292K	50x	as long as short
Bitget SKYUSDT	+0.0100%	4h	0.06866	+0.160%	$2.8M	$1.5M	75x	as long as short
BingX SKY-USDT	+0.0100%	4h	0.06865	+0.146%	—	$2.4M	—	as long as short
ApeX Omni SKYUSDT	+0.0100%	1h	0.06874	+0.277%	$27K	$649K	50x	as long as short
Orderly PERP_SKY_USDC_mythos	+0.0100%	4h	0.06863	+0.114%	$1K	$3K	10x	as long as short
BloFin SKY-USDT	+0.0127%	4h	0.06862	+0.102%	$583K	$29K	75x	as long as short
GMX SKY/USD [ETH-USDC]	L +0.0523% / S −0.0248%	1h	0.06860	+0.077%	$81K	—	50x	as long as short