Funding arb · Price arb /

SKY

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.002%

Price spread now: Nado against KuCoin−0.111%7-day average — · you buy dearer than you sell

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

Long on KuCoin Short on Nado

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

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

Together, before fees—+ Points / potential airdropNado: Active · farm boardneeds both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Nado is 0.111% cheaper against KuCoin than usual: you would sell low and buy high, −$11 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	0.06783	0.0100	pay 0.0050% / 4h	3h 01m	$402K	$281K	50x
Short	Nado SKY-PERP	0.06775	0.0100	get 0.0012% / 1h	1m 18s	$67K	$35K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado 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 NadobpOrdersPrice spread, now −0.111%Rate

Funding earned: $0
Price spread: −0.111% → 0.000%: −$11.06
Slippage, 4 orders: no order book: not counted
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Nado: 3.5 bp × 2 orders: −$7
Net: −$30.06
Costs to cover: 0.190%
Break-even: never at this rate

Slippage unknown: KuCoin: live order book, 22 min ago; Nado: 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, 22 min ago	37.60 bp	345.6 bp −$346	426.9 bp −$4,269	doesn't fit	doesn't fit
Sell Nado no order-book sample	—	—	—	—	—

Nado: 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
Bybit SKYUSDT	−0.0128%	4h	0.06769	−0.206%	$7.1M	$3.3M	25x	as long as short
Variational Omni SKY	−0.0037%	4h	0.06776	−0.098%	$181K	$94K	—	as long as short
Injective SKY/USDC PERP	+0.0033%	1h	0.06893	+1.622%	$376	$303K	12x	as long as short
Lighter SKY	+0.0096%	1h	0.06778	−0.069%	$178K	$107K	10x	as long as short
Nado SKY-PERPshort	+0.0100%	1h	0.06775	−0.111%	$67K	$35K	5x
Hyperliquid SKY	+0.0100%	1h	0.06790	+0.097%	$2.8M	$914K	3x	as long as short
Aster SKYUSDT	+0.0100%	4h	0.06785	+0.027%	$41K	$45K	20x	as long as short
Binance SKYUSDT	+0.0100%	4h	0.06776	−0.102%	$15.1M	$11.7M	75x	as long as short
OKX SKY-USDT-SWAP	+0.0100%	4h	0.06769	−0.206%	$791K	$1.2M	20x	as long as short
Gate SKY_USDT	+0.0100%	4h	0.06768	−0.221%	$574K	$313K	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	0.06776	−0.103%	$998K	$270K	100x	as long as short
KuCoin SKYUSDTMlong	+0.0100%	4h	0.06783	long leg	$402K	$281K	50x
Bitget SKYUSDT	+0.0100%	4h	0.06769	−0.206%	$2.8M	$1.5M	75x	as long as short
BingX SKY-USDT	+0.0100%	4h	0.06769	−0.206%	—	$2.5M	—	as long as short
ApeX Omni SKYUSDT	+0.0100%	1h	0.06786	+0.044%	$34K	$651K	50x	as long as short
Orderly PERP_SKY_USDC_mythos	+0.0100%	4h	0.06773	−0.147%	$1K	$5K	10x	as long as short
BloFin SKY-USDT	+0.0155%	4h	0.06783	0.000%	$573K	$25K	75x	as long as short
GMX SKY/USD [ETH-USDC]	L +0.0517% / S −0.0249%	1h	0.06774	−0.130%	$80K	—	50x	as long as short