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

Price spread now: MEXC against KuCoin+0.114%7-day average +0.085% · you sell dearer than you buy

Net, funding: paid 7d − costs−$473as in the Funding arb table

Net, price: spread back to 7d avg − costs−$470as in the Price arb table

costs, in and out, $10k−$4734.732% of the position

Long on KuCoin Short on MEXC

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)−0.025%−$3 · spread now +0.114%, 7d avg +0.085%

Together, before fees−0.025%−$3 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: MEXC is 0.029% dearer against KuCoin than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of +0.085%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin SKYUSDTM	0.07018	0.0100	pay 0.0050% / 4h	3h 36m	$411K	$291K	50x
Short	MEXC SKY_USDT	0.07026	0.0100	get 0.0050% / 4h	3h 36m	$1.0M	$283K	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now +0.114%Rate

Funding earned: $0
Price spread: +0.114% → +0.085%: $2.92
Slippage, 4 orders: −$457.2
Fee KuCoin: 6 bp × 2 orders: −$12
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$470.29
Costs to cover: 4.732%
Break-even: never at this rate

Slippage from KuCoin: live order book, 16 min ago; MEXC: live order book, 5 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, 16 min ago	27.15 bp	239.1 bp −$239	300.5 bp −$3,005	doesn't fit	doesn't fit
Sell MEXC live order book, 5 min ago	0.72 bp	5.6 bp −$6	64.4 bp −$644	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	−0.0625%	4h	0.07014	−0.058%	$201K	$127K	—	as long as short
Bybit SKYUSDT	−0.0582%	4h	0.07021	+0.043%	$7.6M	$3.5M	25x	as long as short
Injective SKY/USDC PERP	+0.0033%	1h	0.07172	+2.194%	$392	$303K	12x	as long as short
Nado SKY-PERP	+0.0041%	1h	0.07027	+0.128%	$69K	$27K	5x	as long as short
Lighter SKY	+0.0096%	1h	0.07025	+0.100%	$189K	$170K	10x	as long as short
Hyperliquid SKY	+0.0100%	1h	0.07031	+0.190%	$2.9M	$898K	3x	as long as short
Aster SKYUSDT	+0.0100%	4h	0.07028	+0.136%	$42K	$44K	20x	as long as short
Binance SKYUSDT	+0.0100%	4h	0.07029	+0.157%	$16.2M	$10.9M	75x	as long as short
OKX SKY-USDT-SWAP	+0.0100%	4h	0.07022	+0.057%	$842K	$1.3M	20x	as long as short
Gate SKY_USDT	+0.0100%	4h	0.07018	0.000%	$590K	$264K	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_USDTshort	+0.0100%	4h	0.07026	+0.114%	$1.0M	$283K	100x
KuCoin SKYUSDTMlong	+0.0100%	4h	0.07018	long leg	$411K	$291K	50x
Bitget SKYUSDT	+0.0100%	4h	0.07027	+0.128%	$2.9M	$1.6M	75x	as long as short
BingX SKY-USDT	+0.0100%	4h	0.07018	0.000%	—	$2.4M	—	as long as short
ApeX Omni SKYUSDT	+0.0100%	1h	0.06981	−0.527%	$24K	$680K	50x	as long as short
Orderly PERP_SKY_USDC_mythos	+0.0100%	4h	0.07026	+0.117%	$943	$3K	10x	as long as short
BloFin SKY-USDT	+0.0147%	4h	0.06983	−0.499%	$594K	$29K	75x	as long as short
GMX SKY/USD [ETH-USDC]	L +0.0525% / S −0.0248%	1h	0.07023	+0.067%	$83K	—	50x	as long as short