Funding arb · Price arb /

SKY

all SKY markets

Swap Backtest

Alert: funding

Alert: spread

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

Price spread now: Binance against Gate+0.167%7-day average +0.144% · you sell dearer than you buy

Net, funding: paid 7d − costs−$174as in the Funding arb table

Net, price: spread back to 7d avg − costs−$189as in the Price arb table

costs, in and out, $10k−$1911.913% of the position

Long on Gate Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days+0.173%+$17 on $10k

Price spread, last 4 days (all we have)+0.480%+$48 · spread now +0.167%, 7d avg +0.144%

Together, before fees+0.653%+$65 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: Binance is 0.023% dearer against Gate than usual: you sell high and buy low, +$2 on $10k if it goes back to its 7-day average of +0.144%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate SKY_USDT	0.07189	0.0100	pay 0.0050% / 4h	2h 40m	$618K	$254K	50x
Short	Binance SKYUSDT	0.07201	0.0100	get 0.0050% / 4h	2h 40m	$16.6M	$9.5M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance 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 BinancebpOrdersPrice spread, now +0.167%Rate

Funding earned: $0
Price spread: +0.167% → +0.144%: $2.27
Slippage, 4 orders: −$166.34
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Binance: 5 bp × 2 orders: −$10
Net: −$189.08
Costs to cover: 1.913%
Break-even: never at this rate

Slippage from Gate: live order book, 45 min ago; Binance: live order book, 15 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, 45 min ago	1.38 bp	58.0 bp −$58	doesn't fit	doesn't fit	doesn't fit
Sell Binance live order book, 15 min ago	0.69 bp	15.0 bp −$15	52.7 bp −$527	319.7 bp −$32.0K	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
Variational Omni SKY	−0.0621%	4h	0.07188	−0.020%	$207K	$94K	—	as long as short
Bybit SKYUSDT	−0.0253%	4h	0.07188	−0.014%	$8.0M	$3.3M	25x	as long as short
Injective SKY/USDC PERP	+0.0033%	1h	0.07254	+0.904%	$396	$184K	12x	as long as short
Lighter SKY	+0.0096%	1h	0.07200	+0.146%	$189K	$163K	10x	as long as short
Nado SKY-PERP	+0.0100%	1h	0.07200	+0.160%	$71K	$26K	5x	as long as short
Aster SKYUSDT	+0.0100%	4h	0.07201	+0.167%	$43K	$36K	20x	as long as short
Binance SKYUSDTshort	+0.0100%	4h	0.07201	+0.167%	$16.6M	$9.5M	75x
OKX SKY-USDT-SWAP	+0.0100%	4h	0.07194	+0.070%	$875K	$1.3M	20x	as long as short
Gate SKY_USDTlong	+0.0100%	4h	0.07189	long leg	$618K	$254K	50x
MEXC SKY_USDT	+0.0100%	4h	0.07199	+0.139%	$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	0.07185	−0.056%	$442K	$287K	50x	as long as short
Bitget SKYUSDT	+0.0100%	4h	0.07200	+0.153%	$3.0M	$2.0M	75x	as long as short
BingX SKY-USDT	+0.0100%	4h	0.07195	+0.083%	—	$2.4M	—	as long as short
ApeX Omni SKYUSDT	+0.0100%	1h	0.07197	+0.111%	$20K	$683K	50x	as long as short
Orderly PERP_SKY_USDC_mythos	+0.0100%	4h	0.07203	+0.199%	$699	$2K	10x	as long as short
BloFin SKY-USDT	+0.0120%	4h	0.07195	+0.083%	$611K	$609K	75x	as long as short
Hyperliquid SKY	+0.0376%	1h	0.07209	+0.281%	$3.0M	$905K	3x	as long as short
GMX SKY/USD [ETH-USDC]	L +0.0534% / S −0.0248%	1h	0.07200	+0.146%	$85K	—	50x	as long as short