Funding arb · Price arb /

SKY

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Aster against Gate+0.188%7-day average — · you sell dearer than you buy

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

Long on Gate Short on Aster

What this pair did over the last

the charts below follow

Funding, last 7 days+0.097%+$10 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 0.188% dearer against Gate than usual: you sell high and buy low, +$19 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	Gate SKY_USDT	0.07000	0.0100	pay 0.0050% / 4h	3h 49m	$594K	$261K	50x
Short	Aster SKYUSDT	0.07013	0.0100	get 0.0050% / 4h	3h 49m	$42K	$44K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster 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 AsterbpOrdersPrice spread, now +0.188%Rate

Funding earned: $0
Price spread: +0.188% → 0.000%: $18.77
Slippage, 4 orders: no order book: not counted
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Aster: 4 bp × 2 orders: −$8
Net: −$4.23
Costs to cover: 0.230%
Break-even: never at this rate

Slippage unknown: Gate: live order book, 22 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 Gate live order book, 22 min ago	2.84 bp	76.5 bp −$76	doesn't fit	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
Bybit SKYUSDT	−0.0623%	4h	0.07000	0.000%	$7.5M	$3.4M	25x	as long as short
Variational Omni SKY	−0.0605%	4h	0.06982	−0.258%	$193K	$104K	—	as long as short
Injective SKY/USDC PERP	+0.0033%	1h	0.07172	+2.457%	$392	$303K	12x	as long as short
BloFin SKY-USDT	+0.0079%	4h	0.06990	−0.143%	$580K	$29K	75x	as long as short
Lighter SKY	+0.0096%	1h	0.07004	+0.056%	$194K	$166K	10x	as long as short
Nado SKY-PERP	+0.0100%	1h	0.07010	+0.139%	$68K	$26K	5x	as long as short
Hyperliquid SKY	+0.0100%	1h	0.07019	+0.279%	$2.9M	$902K	3x	as long as short
Aster SKYUSDTshort	+0.0100%	4h	0.07013	+0.188%	$42K	$44K	20x
Binance SKYUSDT	+0.0100%	4h	0.07013	+0.186%	$15.9M	$10.9M	75x	as long as short
OKX SKY-USDT-SWAP	+0.0100%	4h	0.07004	+0.057%	$841K	$1.3M	20x	as long as short

Show all 18 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate SKY_USDTlong	+0.0100%	4h	0.07000	long leg	$594K	$261K	50x
MEXC SKY_USDT	+0.0100%	4h	0.07011	+0.157%	$1.0M	$282K	100x	as long as short
KuCoin SKYUSDTM	+0.0100%	4h	0.06998	−0.029%	$413K	$291K	50x	as long as short
Bitget SKYUSDT	+0.0100%	4h	0.07011	+0.157%	$2.9M	$1.6M	75x	as long as short
BingX SKY-USDT	+0.0100%	4h	0.07005	+0.071%	—	$2.4M	—	as long as short
ApeX Omni SKYUSDT	+0.0100%	1h	0.07004	+0.057%	$24K	$681K	50x	as long as short
Orderly PERP_SKY_USDC_mythos	+0.0100%	4h	0.07003	+0.039%	$1K	$2K	10x	as long as short
GMX SKY/USD [ETH-USDC]	L +0.0525% / S −0.0248%	1h	0.07010	+0.146%	$83K	—	50x	as long as short