Funding arb · Price arb /

SKY

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: ApeX Omni against Gate+0.423%7-day average +0.141% · you sell dearer than you buy

Net, funding: paid 7d − costs−$210as in the Funding arb table

Net, price: spread back to 7d avg − costs−$187as in the Price arb table

costs, in and out, $10k−$2152.154% of the position

Long on Gate Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days+0.059%+$6 on $10k

Price spread, last 4 days (all we have)−0.047%−$5 · spread now +0.423%, 7d avg +0.141%

Together, before fees+0.012%+$1 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: ApeX Omni is 0.282% dearer against Gate than usual: you sell high and buy low, +$28 on $10k if it goes back to its 7-day average of +0.141%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate SKY_USDT	0.06850	0.0100	pay 0.0050% / 4h	58m 37s	$584K	$285K	50x
Short	ApeX Omni SKYUSDT	0.06879	0.0100	get 0.0013% / 1h	58m 37s	$26K	$646K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against Gate. 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 GatebpFee ApeX OmnibpOrdersPrice spread, now +0.423%Rate

Funding earned: $0
Price spread: +0.423% → +0.141%: $28.23
Slippage, 4 orders: −$190.44
Fee Gate: 7.5 bp × 2 orders: −$15
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$187.21
Costs to cover: 2.154%
Break-even: never at this rate

Slippage from Gate: live order book, 43 min ago; ApeX Omni: live order book, 44 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 Gate live order book, 43 min ago	3.65 bp	88.4 bp −$88	doesn't fit	doesn't fit	doesn't fit
Sell ApeX Omni live order book, 44 min ago	9.47 bp	17.2 bp −$17	103.2 bp −$1,032	doesn't fit	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	+0.0033%	1h	0.06893	+0.628%	$376	$303K	12x	as long as short
BloFin SKY-USDT	+0.0050%	4h	0.06879	+0.423%	$582K	$31K	75x	as long as short
Lighter SKY	+0.0096%	1h	0.06860	+0.140%	$180K	$107K	10x	as long as short
Nado SKY-PERP	+0.0100%	1h	0.06860	+0.146%	$71K	$31K	5x	as long as short
Aster SKYUSDT	+0.0100%	4h	0.06861	+0.159%	$42K	$44K	20x	as long as short
Binance SKYUSDT	+0.0100%	4h	0.06857	+0.096%	$15.6M	$11.1M	75x	as long as short
Bybit SKYUSDT	+0.0100%	4h	0.06856	+0.088%	$7.2M	$3.2M	25x	as long as short
OKX SKY-USDT-SWAP	+0.0100%	4h	0.06848	−0.029%	$802K	$1.1M	20x	as long as short
Gate SKY_USDTlong	+0.0100%	4h	0.06850	long leg	$584K	$285K	50x
MEXC SKY_USDT	+0.0100%	4h	0.06856	+0.088%	$1.0M	$266K	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	0.06858	+0.117%	$402K	$292K	50x	as long as short
Bitget SKYUSDT	+0.0100%	4h	0.06856	+0.088%	$2.8M	$1.4M	75x	as long as short
BingX SKY-USDT	+0.0100%	4h	0.06855	+0.073%	—	$2.4M	—	as long as short
Variational Omni SKY	+0.0100%	4h	0.06874	+0.347%	$183K	$98K	—	as long as short
ApeX Omni SKYUSDTshort	+0.0100%	1h	0.06879	+0.423%	$26K	$646K	50x
Orderly PERP_SKY_USDC_mythos	+0.0100%	4h	0.06862	+0.174%	$1K	$3K	10x	as long as short
Hyperliquid SKY	+0.0187%	1h	0.06869	+0.277%	$2.8M	$870K	3x	as long as short
GMX SKY/USD [ETH-USDC]	L +0.0523% / S −0.0248%	1h	0.06862	+0.172%	$81K	—	50x	as long as short