Funding arb · Price arb /

SKY

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.004%

Price spread now: Nado against Gate+0.096%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 Nado

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

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

Together, before fees—+ Points / potential airdropNado: Active · farm boardneeds both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Nado is 0.096% dearer against Gate than usual: you sell high and buy low, +$10 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	0.07053	0.0100	pay 0.0050% / 4h	29m 31s	$601K	$255K	50x
Short	Nado SKY-PERP	0.07060	0.0100	get 0.0012% / 1h	29m 31s	$70K	$25K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado 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 NadobpOrdersPrice spread, now +0.096%Rate

Funding earned: $0
Price spread: +0.096% → 0.000%: $9.57
Slippage, 4 orders: no order book: not counted
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Nado: 3.5 bp × 2 orders: −$7
Net: −$12.43
Costs to cover: 0.220%
Break-even: never at this rate

Slippage unknown: Gate: live order book, 47 min ago; Nado: 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, 47 min ago	4.24 bp	63.7 bp −$64	doesn't fit	doesn't fit	doesn't fit
Sell Nado no order-book sample	—	—	—	—	—

Nado: 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
Variational Omni SKY	−0.0641%	4h	0.07055	+0.024%	$194K	$104K	—	as long as short
Bybit SKYUSDT	−0.0258%	4h	0.07050	−0.043%	$7.6M	$3.3M	25x	as long as short
Lighter SKY	+0.0096%	1h	0.07062	+0.132%	$185K	$155K	10x	as long as short
Nado SKY-PERPshort	+0.0100%	1h	0.07060	+0.096%	$70K	$25K	5x
Aster SKYUSDT	+0.0100%	4h	0.07066	+0.187%	$42K	$43K	20x	as long as short
Binance SKYUSDT	+0.0100%	4h	0.07062	+0.128%	$16.0M	$10.3M	75x	as long as short
OKX SKY-USDT-SWAP	+0.0100%	4h	0.07057	+0.057%	$848K	$1.3M	20x	as long as short
Gate SKY_USDTlong	+0.0100%	4h	0.07053	long leg	$601K	$255K	50x
MEXC SKY_USDT	+0.0100%	4h	0.07061	+0.113%	$1.1M	$286K	100x	as long as short
KuCoin SKYUSDTM	+0.0100%	4h	0.07065	+0.170%	$423K	$290K	50x	as long as short

Show all 18 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget SKYUSDT	+0.0100%	4h	0.07060	+0.099%	$2.9M	$1.7M	75x	as long as short
BingX SKY-USDT	+0.0100%	4h	0.07056	+0.043%	—	$2.4M	—	as long as short
ApeX Omni SKYUSDT	+0.0100%	1h	0.07072	+0.269%	$20K	$679K	50x	as long as short
Orderly PERP_SKY_USDC_mythos	+0.0100%	4h	0.07062	+0.129%	$1K	$2K	10x	as long as short
BloFin SKY-USDT	+0.0149%	4h	0.07066	+0.184%	$590K	$29K	75x	as long as short
Injective SKY/USDC PERP	+0.0158%	1h	0.07172	+1.687%	$392	$303K	12x	as long as short
Hyperliquid SKY	+0.0220%	1h	0.07072	+0.267%	$3.0M	$903K	3x	as long as short
GMX SKY/USD [ETH-USDC]	L +0.0527% / S −0.0248%	1h	0.07061	+0.109%	$84K	—	50x	as long as short