Funding arb · Price arb /

SKY

all SKY markets

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: KuCoin against Gate+0.186%7-day average +0.038% · you sell dearer than you buy

Net, funding: paid 7d − costs−$616as in the Funding arb table

Net, price: spread back to 7d avg − costs−$618as in the Price arb table

costs, in and out, $10k−$6336.329% of the position

Long on Gate Short on KuCoin

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)−0.177%−$18 · spread now +0.186%, 7d avg +0.038%

Together, before fees−0.004%$0 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: KuCoin is 0.147% dearer against Gate than usual: you sell high and buy low, +$15 on $10k if it goes back to its 7-day average of +0.038%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate SKY_USDT	0.07003	0.0100	pay 0.0050% / 4h	3h 38m	$592K	$261K	50x
Short	KuCoin SKYUSDTM	0.07016	0.0100	get 0.0050% / 4h	3h 38m	$411K	$291K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now +0.186%Rate

Funding earned: $0
Price spread: +0.186% → +0.038%: $14.75
Slippage, 4 orders: −$605.9
Fee Gate: 7.5 bp × 2 orders: −$15
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$618.15
Costs to cover: 6.329%
Break-even: never at this rate

Slippage from Gate: live order book, 33 min ago; KuCoin: live order book, 13 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, 33 min ago	2.84 bp	76.5 bp −$76	doesn't fit	doesn't fit	doesn't fit
Sell KuCoin live order book, 13 min ago	27.15 bp	221.7 bp −$222	310.5 bp −$3,105	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
Bybit SKYUSDT	−0.0803%	4h	0.07012	+0.129%	$7.6M	$3.5M	25x	as long as short
Variational Omni SKY	−0.0610%	4h	0.06974	−0.408%	$185K	$111K	—	as long as short
Injective SKY/USDC PERP	+0.0033%	1h	0.07172	+2.413%	$392	$303K	12x	as long as short
Nado SKY-PERP	+0.0051%	1h	0.06983	−0.289%	$67K	$26K	5x	as long as short
BloFin SKY-USDT	+0.0079%	4h	0.06983	−0.286%	$594K	$29K	75x	as long as short
Lighter SKY	+0.0096%	1h	0.07013	+0.136%	$189K	$170K	10x	as long as short
Aster SKYUSDT	+0.0100%	4h	0.07000	−0.038%	$42K	$44K	20x	as long as short
Binance SKYUSDT	+0.0100%	4h	0.07018	+0.214%	$16.2M	$10.9M	75x	as long as short
OKX SKY-USDT-SWAP	+0.0100%	4h	0.07014	+0.157%	$842K	$1.3M	20x	as long as short
Gate SKY_USDTlong	+0.0100%	4h	0.07003	long leg	$592K	$261K	50x

Show all 18 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC SKY_USDT	+0.0100%	4h	0.07020	+0.243%	$1.0M	$283K	100x	as long as short
KuCoin SKYUSDTMshort	+0.0100%	4h	0.07016	+0.186%	$411K	$291K	50x
Bitget SKYUSDT	+0.0100%	4h	0.07008	+0.071%	$2.9M	$1.6M	75x	as long as short
BingX SKY-USDT	+0.0100%	4h	0.07012	+0.129%	—	$2.4M	—	as long as short
ApeX Omni SKYUSDT	+0.0100%	1h	0.06985	−0.257%	$24K	$681K	50x	as long as short
Orderly PERP_SKY_USDC_mythos	+0.0100%	4h	0.06986	−0.246%	$1K	$2K	10x	as long as short
Hyperliquid SKY	+0.0108%	1h	0.07023	+0.284%	$2.9M	$896K	3x	as long as short
GMX SKY/USD [ETH-USDC]	L +0.0523% / S −0.0248%	1h	0.06980	−0.326%	$83K	—	50x	as long as short