Funding arb · Price arb /

SKY

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: ApeX Omni against KuCoin+0.044%7-day average +0.104% · you sell dearer than you buy

Net, funding: paid 7d − costs−$857as in the Funding arb table

Net, price: spread back to 7d avg − costs−$852as in the Price arb table

costs, in and out, $10k−$8468.460% of the position

Long on KuCoin Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days−0.115%−$11 on $10k

Price spread, last 4 days (all we have)+0.647%+$65 · spread now +0.044%, 7d avg +0.104%

Together, before fees+0.532%+$53 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: ApeX Omni is 0.060% cheaper against KuCoin than usual: you would sell low and buy high, −$6 on $10k if it goes back to its 7-day average of +0.104%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin SKYUSDTM	0.06874	0.0100	pay 0.0050% / 4h	21m 35s	$404K	$291K	50x
Short	ApeX Omni SKYUSDT	0.06877	0.0100	get 0.0013% / 1h	21m 35s	$27K	$661K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against KuCoin. 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 KuCoinbpFee ApeX OmnibpOrdersPrice spread, now +0.044%Rate

Funding earned: $0
Price spread: +0.044% → +0.104%: −$6.03
Slippage, 4 orders: −$824
Fee KuCoin: 6 bp × 2 orders: −$12
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$852.03
Costs to cover: 8.460%
Break-even: never at this rate

Slippage from KuCoin: live order book, 61 min ago; ApeX Omni: live order book, 37 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 KuCoin live order book, 61 min ago	25.18 bp	236.7 bp −$237	772.4 bp −$7,724	doesn't fit	doesn't fit
Sell ApeX Omni live order book, 37 min ago	6.53 bp	14.3 bp −$14	98.3 bp −$983	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
Variational Omni SKY	−0.0165%	4h	0.06855	−0.280%	$183K	$113K	—	as long as short
Injective SKY/USDC PERP	+0.0033%	1h	0.06893	+0.276%	$376	$303K	12x	as long as short
Lighter SKY	+0.0096%	1h	0.06869	−0.074%	$179K	$177K	10x	as long as short
Nado SKY-PERP	+0.0100%	1h	0.06868	−0.087%	$73K	$30K	5x	as long as short
Aster SKYUSDT	+0.0100%	4h	0.06869	−0.072%	$41K	$42K	20x	as long as short
Binance SKYUSDT	+0.0100%	4h	0.06870	−0.064%	$15.7M	$11.0M	75x	as long as short
Bybit SKYUSDT	+0.0100%	4h	0.06861	−0.189%	$7.2M	$3.2M	25x	as long as short
OKX SKY-USDT-SWAP	+0.0100%	4h	0.06863	−0.160%	$819K	$1.2M	20x	as long as short
Gate SKY_USDT	+0.0100%	4h	0.06876	+0.029%	$596K	$272K	50x	as long as short
MEXC SKY_USDT	+0.0100%	4h	0.06870	−0.058%	$1.0M	$265K	100x	as long as short

Show all 18 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin SKYUSDTMlong	+0.0100%	4h	0.06874	long leg	$404K	$291K	50x
Bitget SKYUSDT	+0.0100%	4h	0.06871	−0.044%	$2.8M	$1.5M	75x	as long as short
BingX SKY-USDT	+0.0100%	4h	0.06864	−0.145%	—	$2.4M	—	as long as short
ApeX Omni SKYUSDTshort	+0.0100%	1h	0.06877	+0.044%	$27K	$661K	50x
Orderly PERP_SKY_USDC_mythos	+0.0100%	4h	0.06871	−0.048%	$1K	$3K	10x	as long as short
BloFin SKY-USDT	+0.0140%	4h	0.06872	−0.029%	$583K	$29K	75x	as long as short
Hyperliquid SKY	+0.0314%	1h	0.06880	+0.087%	$2.8M	$911K	3x	as long as short
GMX SKY/USD [ETH-USDC]	L +0.0522% / S −0.0248%	1h	0.06868	−0.080%	$81K	—	50x	as long as short