Funding arb · Price arb /

SKY

all SKY markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0148%/8h= +16.2% APRpaid last 24h +0.038%

Price spread now: GMX against KuCoin+0.010%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 GMX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: +$4 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin SKYUSDTM	0.06843	0.0100	pay 0.0050% / 4h	1h 31m	$401K	$292K	50x
Short	GMX SKY/USD [ETH-USDC]	0.06844	L +0.0522% / S −0.0248%	get 0.0031% / 1h	31m 02s	$81K	—	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX 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 GMXbpOrdersPrice spread, now +0.010%Rate

Funding earned: $31.01
Price spread: +0.010% → 0.000%: $1.02
Slippage, 4 orders: no order book: not counted
Fee KuCoin: 6 bp × 2 orders: −$12
Fee GMX: 6 bp × 2 orders: −$12
Net: $8.03
Costs to cover: 0.240%
Break-even: 5.2 days

Slippage unknown: KuCoin: live order book, 12 min ago; GMX: 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, 12 min ago	34.98 bp	252.4 bp −$252	406.1 bp −$4,061	doesn't fit	doesn't fit
Sell GMX no order-book sample	—	—	—	—	—

GMX: 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
Injective SKY/USDC PERP	+0.0033%	1h	0.06893	+0.731%	$376	$303K	12x	as long as short
Variational Omni SKY	+0.0059%	4h	0.06830	−0.193%	$183K	$98K	—	as long as short
Lighter SKY	+0.0096%	1h	0.06840	−0.039%	$179K	$117K	10x	as long as short
Nado SKY-PERP	+0.0100%	1h	0.06838	−0.069%	$71K	$31K	5x	as long as short
Aster SKYUSDT	+0.0100%	4h	0.06843	−0.004%	$42K	$44K	20x	as long as short
Binance SKYUSDT	+0.0100%	4h	0.06843	+0.007%	$15.5M	$11.2M	75x	as long as short
Bybit SKYUSDT	+0.0100%	4h	0.06834	−0.132%	$7.1M	$3.0M	25x	as long as short
OKX SKY-USDT-SWAP	+0.0100%	4h	0.06837	−0.088%	$798K	$1.1M	20x	as long as short
Gate SKY_USDT	+0.0100%	4h	0.06829	−0.205%	$582K	$287K	50x	as long as short
MEXC SKY_USDT	+0.0100%	4h	0.06843	0.000%	$998K	$266K	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	0.06843	long leg	$401K	$292K	50x
Bitget SKYUSDT	+0.0100%	4h	0.06841	−0.029%	$2.8M	$1.4M	75x	as long as short
BingX SKY-USDT	+0.0100%	4h	0.06838	−0.073%	—	$2.4M	—	as long as short
ApeX Omni SKYUSDT	+0.0100%	1h	0.06846	+0.044%	$26K	$646K	50x	as long as short
Orderly PERP_SKY_USDC_mythos	+0.0100%	4h	0.06843	−0.003%	$1K	$3K	10x	as long as short
BloFin SKY-USDT	+0.0105%	4h	0.06843	0.000%	$582K	$29K	75x	as long as short
Hyperliquid SKY	+0.0143%	1h	0.06853	+0.148%	$2.8M	$883K	3x	as long as short
GMX SKY/USD [ETH-USDC]short	L +0.0522% / S −0.0248%	1h	0.06844	+0.010%	$81K	—	50x