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: Binance against KuCoin+0.297%7-day average +0.101% · you sell dearer than you buy

Net, funding: paid 7d − costs−$605as in the Funding arb table

Net, price: spread back to 7d avg − costs−$585as in the Price arb table

costs, in and out, $10k−$6056.050% of the position

Long on KuCoin Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days0.000%$0 on $10k

Price spread, last 4 days (all we have)+0.292%+$29 · spread now +0.297%, 7d avg +0.101%

Together, before fees+0.292%+$29 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: Binance is 0.195% dearer against KuCoin than usual: you sell high and buy low, +$20 on $10k if it goes back to its 7-day average of +0.101%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin SKYUSDTM	0.07188	0.0100	pay 0.0050% / 4h	2h 26m	$442K	$287K	50x
Short	Binance SKYUSDT	0.07209	0.0100	get 0.0050% / 4h	2h 26m	$16.6M	$9.5M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance 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 BinancebpOrdersPrice spread, now +0.297%Rate

Funding earned: $0
Price spread: +0.297% → +0.101%: $19.54
Slippage, 4 orders: −$583
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Binance: 5 bp × 2 orders: −$10
Net: −$585.46
Costs to cover: 6.050%
Break-even: never at this rate

Slippage from KuCoin: live order book, 55 min ago; Binance: live order book, 14 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, 55 min ago	51.25 bp	346.9 bp −$347	851.5 bp −$8,515	doesn't fit	doesn't fit
Sell Binance live order book, 14 min ago	0.69 bp	17.0 bp −$17	55.8 bp −$558	328.9 bp −$32.9K	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	−0.0607%	4h	0.07188	+0.002%	$207K	$94K	—	as long as short
Bybit SKYUSDT	−0.0189%	4h	0.07198	+0.139%	$7.9M	$3.3M	25x	as long as short
Injective SKY/USDC PERP	+0.0033%	1h	0.07199	+0.153%	$393	$222K	12x	as long as short
BloFin SKY-USDT	+0.0064%	4h	0.07201	+0.181%	$609K	$610K	75x	as long as short
Lighter SKY	+0.0096%	1h	0.07208	+0.278%	$189K	$163K	10x	as long as short
Nado SKY-PERP	+0.0100%	1h	0.07209	+0.292%	$71K	$26K	5x	as long as short
Aster SKYUSDT	+0.0100%	4h	0.07207	+0.261%	$43K	$36K	20x	as long as short
Binance SKYUSDTshort	+0.0100%	4h	0.07209	+0.297%	$16.6M	$9.5M	75x
OKX SKY-USDT-SWAP	+0.0100%	4h	0.07198	+0.139%	$871K	$1.3M	20x	as long as short
Gate SKY_USDT	+0.0100%	4h	0.07189	+0.014%	$618K	$254K	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	0.07208	+0.278%	$1.1M	$280K	100x	as long as short
KuCoin SKYUSDTMlong	+0.0100%	4h	0.07188	long leg	$442K	$287K	50x
Bitget SKYUSDT	+0.0100%	4h	0.07205	+0.237%	$3.0M	$2.0M	75x	as long as short
BingX SKY-USDT	+0.0100%	4h	0.07205	+0.237%	—	$2.4M	—	as long as short
ApeX Omni SKYUSDT	+0.0100%	1h	0.07196	+0.111%	$20K	$685K	50x	as long as short
Orderly PERP_SKY_USDC_mythos	+0.0100%	4h	0.07208	+0.271%	$699	$2K	10x	as long as short
Hyperliquid SKY	+0.0370%	1h	0.07219	+0.434%	$3.1M	$905K	3x	as long as short
GMX SKY/USD [ETH-USDC]	L +0.0534% / S −0.0248%	1h	0.07208	+0.275%	$85K	—	50x	as long as short