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

SKY

all SKY markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC−0.0003%/8h= −0.3% APRnext payment $0.01 per $10,000 · paid last 24h −0.007%
Price spread now: BloFin against KuCoin+0.073%7-day average +0.087% · you sell dearer than you buy
Net, funding: paid 7d − costs−$437as in the Funding arb table
Net, price: spread back to 7d avg − costs−$436as in the Price arb table
costs, in and out, $10k−$4354.349% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.022%−$2 on $10k
Price spread, last 4 days (all we have)+0.328%+$33 · spread now +0.073%, 7d avg +0.087%
Together, before fees+0.306%+$31 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKuCoin SKYUSDTM0.068600.0100pay 0.0050% / 4h3h 29m$404K$291K50x
ShortBloFin SKY-USDT0.068650.0097get 0.0049% / 4h3h 29m$582K$29K75x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

BloFin 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

Funding earned
−$0.61
Price spread: +0.073% → +0.087%
−$1.43
Slippage, 4 orders
−$410.91
Fee KuCoin: 6 bp × 2 orders
−$12
Fee BloFin: 6 bp × 2 orders
−$12
Net
−$436.95
Costs to cover
4.349%
Break-even
never at this rate
Slippage from KuCoin: live order book, 43 min ago; BloFin: live order book, 67 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy KuCoin live order book, 43 min ago21.11 bp183.5 bp −$183246.0 bp −$2,460doesn't fitdoesn't fit
Sell BloFin live order book, 67 min ago2.19 bp21.8 bp −$2246.3 bp −$463doesn't fitdoesn't fit

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
Injective SKY/USDC PERP−0.0269%1h0.06893+0.481%$376$303K12xas long as short
Variational Omni SKY−0.0079%4h0.06869+0.136%$183K$113Kas long as short
Lighter SKY+0.0096%1h0.06866+0.082%$179K$139K10xas long as short
BloFin SKY-USDTshort+0.0097%4h0.06865+0.073%$582K$29K75x
Nado SKY-PERP+0.0100%1h0.06866+0.091%$76K$31K5xas long as short
Aster SKYUSDT+0.0100%4h0.06869+0.137%$42K$42K20xas long as short
Binance SKYUSDT+0.0100%4h0.06866+0.094%$15.7M$11.0M75xas long as short
Bybit SKYUSDT+0.0100%4h0.06859−0.015%$7.2M$3.2M25xas long as short
OKX SKY-USDT-SWAP+0.0100%4h0.06857−0.044%$819K$1.1M20xas long as short
Gate SKY_USDT+0.0100%4h0.06865+0.073%$595K$270K50xas long as short
Show all 18 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
MEXC SKY_USDT+0.0100%4h0.06866+0.087%$1.0M$265K100xas long as short
KuCoin SKYUSDTMlong+0.0100%4h0.06860long leg$404K$291K50x
Bitget SKYUSDT+0.0100%4h0.06866+0.087%$2.8M$1.5M75xas long as short
BingX SKY-USDT+0.0100%4h0.06865+0.073%$2.4Mas long as short
ApeX Omni SKYUSDT+0.0100%1h0.06874+0.204%$27K$652K50xas long as short
Orderly PERP_SKY_USDC_mythos+0.0100%4h0.06864+0.064%$1K$3K10xas long as short
Hyperliquid SKY+0.0233%1h0.06878+0.257%$2.8M$909K3xas long as short
GMX SKY/USD [ETH-USDC]L +0.0522% / S −0.0248%1h0.06864+0.057%$81K50xas long as short