Funding arb · Price arb /

SKY

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0067%/8h= +7.3% APRpaid last 24h +0.007%

Price spread now: Aster against Injective−3.037%7-day average — · you buy dearer than you sell

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

Long on Injective Short on Aster

What this pair did over the last

the charts below follow

Funding, last 7 days+0.113%+$11 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 pays, the price is against you. Aster is 3.037% cheaper against Injective than usual: you would sell low and buy high (spread −3.037% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$304 on $10k: about 5 months of funding at the current rate (+$2 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Injective SKY/USDC PERP	0.07172	0.0033	pay 0.0004% / 1h	19m 03s	$392	$303K	12x
Short	Aster SKYUSDT	0.06954	0.0100	get 0.0050% / 4h	1h 19m	$42K	$43K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Injective. 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 InjectivebpFee AsterbpOrdersPrice spread, now −3.037%Rate

Funding earned: $14
Price spread: −3.037% → 0.000%: −$303.66
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee Aster: 4 bp × 2 orders: −$8
Net: −$297.68
Costs to cover: 0.080%
Break-even: 155.8 days

Slippage unknown: Injective: no order-book sample; 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 Injective no order-book sample	—	—	—	—	—
Sell Aster no order-book sample	—	—	—	—	—

Injective and 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
Variational Omni SKY	−0.0293%	4h	0.06940	−3.232%	$185K	$115K	—	as long as short
Injective SKY/USDC PERPlong	+0.0033%	1h	0.07172	long leg	$392	$303K	12x
Bybit SKYUSDT	+0.0041%	4h	0.06943	−3.193%	$7.3M	$3.2M	25x	as long as short
BloFin SKY-USDT	+0.0083%	4h	0.06945	−3.165%	$587K	$29K	75x	as long as short
Lighter SKY	+0.0096%	1h	0.06949	−3.107%	$181K	$177K	10x	as long as short
Nado SKY-PERP	+0.0100%	1h	0.06947	−3.141%	$74K	$30K	5x	as long as short
Aster SKYUSDTshort	+0.0100%	4h	0.06954	−3.037%	$42K	$43K	20x
Binance SKYUSDT	+0.0100%	4h	0.06951	−3.080%	$15.8M	$10.9M	75x	as long as short
OKX SKY-USDT-SWAP	+0.0100%	4h	0.06937	−3.277%	$830K	$1.2M	20x	as long as short
Gate SKY_USDT	+0.0100%	4h	0.06948	−3.123%	$604K	$285K	50x	as long as short

Show all 18 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC SKY_USDT	+0.0100%	4h	0.06954	−3.040%	$1.1M	$272K	100x	as long as short
KuCoin SKYUSDTM	+0.0100%	4h	0.06946	−3.151%	$409K	$292K	50x	as long as short
Bitget SKYUSDT	+0.0100%	4h	0.06947	−3.137%	$2.9M	$1.5M	75x	as long as short
BingX SKY-USDT	+0.0100%	4h	0.06948	−3.123%	—	$2.4M	—	as long as short
ApeX Omni SKYUSDT	+0.0100%	1h	0.06953	−3.054%	$28K	$663K	50x	as long as short
Orderly PERP_SKY_USDC_mythos	+0.0100%	4h	0.06954	−3.045%	$1K	$3K	10x	as long as short
GMX SKY/USD [ETH-USDC]	L +0.0525% / S −0.0248%	1h	0.06954	−3.041%	$82K	—	50x	as long as short
Hyperliquid SKY	+0.0672%	1h	0.06955	−3.021%	$2.9M	$926K	3x	as long as short