Settings8H · net · $10k
Funding arb · Price arb /

SKY

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 23:00 UTC−0.0214%/8h= −23.4% APRpaid last 24h −0.233%
Price spread now: Aster against Hyperliquid−0.123%7-day average · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 7 days−0.477%−$48 on $10k
Price spread, last 7 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropHyperliquid: Season 2 · Aster: Stage 5 · farm boardneeds both histories
Both sides work against this trade now: funding costs −$6 a day on $10k at the current rate, and Aster is 0.123% cheaper against Hyperliquid than usual: you would sell low and buy high (−$12 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHyperliquid SKY0.071120.0314pay 0.0039% / 1h3m 22s$3.0M$928K3x
ShortAster SKYUSDT0.071030.0100get 0.0050% / 4h1h 03m$43K$36K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Aster against Hyperliquid. 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

Funding earned
−$44.91
Price spread: −0.123% → 0.000%
−$12.33
Slippage, 4 orders
no order book: not counted
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Fee Aster: 4 bp × 2 orders
−$8
Net
−$74.24
Costs to cover
0.170%
Break-even
never at this rate
Slippage unknown: Hyperliquid: live order book, 8 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
LegHalf-spread$10k$100k$1M$5M
Buy Hyperliquid live order book, 8 min ago3.66 bp15.2 bp −$15doesn't fitdoesn't fitdoesn'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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Variational Omni SKY−0.0652%4h0.07080−0.454%$194K$104Kas long as short
Bybit SKYUSDT−0.0240%4h0.07098−0.194%$7.7M$3.4M25xas long as short
Injective SKY/USDC PERP+0.0014%1h0.07172+0.846%$392$303K12xas long as short
Nado SKY-PERP+0.0081%1h0.07103−0.127%$70K$26K5xas long as short
Lighter SKY+0.0096%1h0.07104−0.103%$186K$163K10xas long as short
Aster SKYUSDTshort+0.0100%4h0.07103−0.123%$43K$36K20x
Binance SKYUSDT+0.0100%4h0.07100−0.170%$16.2M$10.3M75xas long as short
OKX SKY-USDT-SWAP+0.0100%4h0.07094−0.250%$854K$1.3M20xas long as short
Gate SKY_USDT+0.0100%4h0.07100−0.166%$606K$261K50xas long as short
MEXC SKY_USDT+0.0100%4h0.07102−0.138%$1.1M$290K100xas long as short
Show all 18 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
KuCoin SKYUSDTM+0.0100%4h0.07106−0.082%$430K$289K50xas long as short
Bitget SKYUSDT+0.0100%4h0.07102−0.138%$2.9M$2.1M75xas long as short
BingX SKY-USDT+0.0100%4h0.07096−0.222%$2.4Mas long as short
ApeX Omni SKYUSDT+0.0100%1h0.07083−0.405%$20K$684K50xas long as short
Orderly PERP_SKY_USDC_mythos+0.0100%4h0.07101−0.145%$1K$2K10xas long as short
BloFin SKY-USDT+0.0138%4h0.07103−0.124%$594K$29K75xas long as short
Hyperliquid SKYlong+0.0314%1h0.07112long leg$3.0M$928K3x
GMX SKY/USD [ETH-USDC]L +0.0528% / S −0.0248%1h0.07098−0.197%$84K50xas long as short