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: Orderly against KuCoin+0.271%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 Orderly

What this pair did over the last

the charts below follow

Funding, last 5 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

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Orderly is 0.271% dearer against KuCoin than usual: you sell high and buy low, +$27 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	0.07193	0.0100	pay 0.0050% / 4h	2h 20m	$443K	$287K	50x
Short	Orderly PERP_SKY_USDC_mythos	0.07212	0.0100	get 0.0050% / 4h	2h 20m	$699	$2K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly 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 OrderlybpOrdersPrice spread, now +0.271%Rate

Funding earned: $0
Price spread: +0.271% → 0.000%: $27.11
Slippage, 4 orders: no order book: not counted
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Orderly: 3 bp × 2 orders: −$6
Net: $9.11
Costs to cover: 0.180%
Break-even: from the start

Slippage unknown: KuCoin: live order book, 61 min ago; Orderly: 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, 61 min ago	51.25 bp	346.9 bp −$347	851.5 bp −$8,515	doesn't fit	doesn't fit
Sell Orderly no order-book sample	—	—	—	—	—

Orderly: 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
Variational Omni SKY	−0.0523%	4h	0.07193	−0.005%	$207K	$94K	—	as long as short
Bybit SKYUSDT	−0.0069%	4h	0.07200	+0.097%	$7.9M	$3.3M	25x	as long as short
Injective SKY/USDC PERP	+0.0033%	1h	0.07199	+0.083%	$393	$222K	12x	as long as short
BloFin SKY-USDT	+0.0050%	4h	0.07198	+0.070%	$606K	$609K	75x	as long as short
Lighter SKY	+0.0096%	1h	0.07211	+0.249%	$189K	$163K	10x	as long as short
Nado SKY-PERP	+0.0100%	1h	0.07210	+0.240%	$71K	$26K	5x	as long as short
Aster SKYUSDT	+0.0100%	4h	0.07213	+0.279%	$43K	$36K	20x	as long as short
Binance SKYUSDT	+0.0100%	4h	0.07211	+0.249%	$16.6M	$9.5M	75x	as long as short
OKX SKY-USDT-SWAP	+0.0100%	4h	0.07198	+0.070%	$871K	$1.3M	20x	as long as short
Gate SKY_USDT	+0.0100%	4h	0.07197	+0.056%	$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	0.07211	+0.250%	$1.1M	$283K	100x	as long as short
KuCoin SKYUSDTMlong	+0.0100%	4h	0.07193	long leg	$443K	$287K	50x
Bitget SKYUSDT	+0.0100%	4h	0.07211	+0.250%	$3.0M	$2.0M	75x	as long as short
BingX SKY-USDT	+0.0100%	4h	0.07206	+0.181%	—	$2.4M	—	as long as short
ApeX Omni SKYUSDT	+0.0100%	1h	0.07201	+0.111%	$20K	$686K	50x	as long as short
Orderly PERP_SKY_USDC_mythosshort	+0.0100%	4h	0.07212	+0.271%	$699	$2K	10x
Hyperliquid SKY	+0.0375%	1h	0.07219	+0.367%	$3.1M	$904K	3x	as long as short
GMX SKY/USD [ETH-USDC]	L +0.0534% / S −0.0248%	1h	0.07211	+0.254%	$85K	—	50x	as long as short