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% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Aster against KuCoin+0.157%7-day average — · you sell dearer than you buy

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

Long on KuCoin Short on Aster

What this pair did over the last

the charts below follow

Funding, last 7 days−0.076%−$8 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 between these two exchanges is close to zero, so right now this pair is about the price spread alone: Aster is 0.157% dearer against KuCoin than usual: you sell high and buy low, +$16 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	KuCoin SKYUSDTM	0.07041	0.0100	pay 0.0050% / 4h	2m 16s	$420K	$290K	50x
Short	Aster SKYUSDT	0.07052	0.0100	get 0.0050% / 4h	2m 16s	$42K	$43K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster 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 AsterbpOrdersPrice spread, now +0.157%Rate

Funding earned: $0
Price spread: +0.157% → 0.000%: $15.68
Slippage, 4 orders: no order book: not counted
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Aster: 4 bp × 2 orders: −$8
Net: −$4.32
Costs to cover: 0.200%
Break-even: never at this rate

Slippage unknown: KuCoin: live order book, 60 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

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy KuCoin live order book, 60 min ago	18.32 bp	161.3 bp −$161	225.6 bp −$2,256	doesn't fit	doesn'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.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni SKY	−0.0679%	4h	0.07035	−0.085%	$193K	$104K	—	as long as short
Bybit SKYUSDT	−0.0180%	4h	0.07046	+0.071%	$7.6M	$3.3M	25x	as long as short
Nado SKY-PERP	+0.0063%	1h	0.07048	+0.099%	$70K	$25K	5x	as long as short
Lighter SKY	+0.0096%	1h	0.07056	+0.206%	$189K	$160K	10x	as long as short
Aster SKYUSDTshort	+0.0100%	4h	0.07052	+0.157%	$42K	$43K	20x
Binance SKYUSDT	+0.0100%	4h	0.07052	+0.152%	$16.0M	$10.2M	75x	as long as short
OKX SKY-USDT-SWAP	+0.0100%	4h	0.07049	+0.114%	$850K	$1.3M	20x	as long as short
Gate SKY_USDT	+0.0100%	4h	0.07044	+0.043%	$603K	$259K	50x	as long as short
MEXC SKY_USDT	+0.0100%	4h	0.07053	+0.170%	$1.1M	$288K	100x	as long as short
KuCoin SKYUSDTMlong	+0.0100%	4h	0.07041	long leg	$420K	$290K	50x

Show all 18 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget SKYUSDT	+0.0100%	4h	0.07052	+0.156%	$2.9M	$1.6M	75x	as long as short
BingX SKY-USDT	+0.0100%	4h	0.07048	+0.099%	—	$2.4M	—	as long as short
ApeX Omni SKYUSDT	+0.0100%	1h	0.07050	+0.128%	$22K	$679K	50x	as long as short
Orderly PERP_SKY_USDC_mythos	+0.0100%	4h	0.07052	+0.156%	$1K	$2K	10x	as long as short
BloFin SKY-USDT	+0.0125%	4h	0.07050	+0.128%	$586K	$30K	75x	as long as short
Injective SKY/USDC PERP	+0.0158%	1h	0.07172	+1.861%	$392	$303K	12x	as long as short
Hyperliquid SKY	+0.0219%	1h	0.07063	+0.308%	$3.0M	$889K	3x	as long as short
GMX SKY/USD [ETH-USDC]	L +0.0526% / S −0.0248%	1h	0.07051	+0.136%	$84K	—	50x	as long as short