Funding arb · Price arb /

SKY

all SKY markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: ApeX Omni against MEXC+0.190%7-day average +0.022% · you sell dearer than you buy

Net, funding: paid 7d − costs−$65as in the Funding arb table

Net, price: spread back to 7d avg − costs−$36as in the Price arb table

costs, in and out, $10k−$530.532% of the position

Long on MEXC Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days−0.115%−$11 on $10k

Price spread, last 4 days (all we have)+0.119%+$12 · spread now +0.190%, 7d avg +0.022%

Together, before fees+0.005%$0 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: ApeX Omni is 0.168% dearer against MEXC than usual: you sell high and buy low, +$17 on $10k if it goes back to its 7-day average of +0.022%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC SKY_USDT	0.06843	0.0100	pay 0.0050% / 4h	3h 01m	$1.0M	$267K	100x
Short	ApeX Omni SKYUSDT	0.06856	0.0100	get 0.0013% / 1h	1m 31s	$27K	$649K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against MEXC. 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 MEXCbpFee ApeX OmnibpOrdersPrice spread, now +0.190%Rate

Funding earned: $0
Price spread: +0.190% → +0.022%: $16.82
Slippage, 4 orders: −$39.24
Fee MEXC: 2 bp × 2 orders: −$4
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$36.41
Costs to cover: 0.532%
Break-even: never at this rate

Slippage from MEXC: live order book, 4 min ago; ApeX Omni: live order book, 52 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 MEXC live order book, 4 min ago	0.73 bp	10.8 bp −$11	62.2 bp −$622	282.6 bp −$28.3K	doesn't fit
Sell ApeX Omni live order book, 52 min ago	7.26 bp	15.2 bp −$15	98.2 bp −$982	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
Injective SKY/USDC PERP	−0.0269%	1h	0.06893	+0.731%	$376	$303K	12x	as long as short
Variational Omni SKY	+0.0045%	4h	0.06852	+0.136%	$183K	$113K	—	as long as short
BloFin SKY-USDT	+0.0055%	4h	0.06864	+0.307%	$582K	$29K	75x	as long as short
Lighter SKY	+0.0096%	1h	0.06845	+0.028%	$178K	$139K	10x	as long as short
Nado SKY-PERP	+0.0100%	1h	0.06845	+0.033%	$75K	$32K	5x	as long as short
Aster SKYUSDT	+0.0100%	4h	0.06851	+0.119%	$42K	$42K	20x	as long as short
Binance SKYUSDT	+0.0100%	4h	0.06852	+0.130%	$15.6M	$11.0M	75x	as long as short
Bybit SKYUSDT	+0.0100%	4h	0.06840	−0.044%	$7.2M	$3.2M	25x	as long as short
OKX SKY-USDT-SWAP	+0.0100%	4h	0.06850	+0.102%	$815K	$1.1M	20x	as long as short
Gate SKY_USDT	+0.0100%	4h	0.06840	−0.044%	$583K	$283K	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_USDTlong	+0.0100%	4h	0.06843	long leg	$1.0M	$267K	100x
KuCoin SKYUSDTM	+0.0100%	4h	0.06848	+0.073%	$403K	$292K	50x	as long as short
Bitget SKYUSDT	+0.0100%	4h	0.06847	+0.058%	$2.8M	$1.5M	75x	as long as short
BingX SKY-USDT	+0.0100%	4h	0.06847	+0.058%	—	$2.4M	—	as long as short
ApeX Omni SKYUSDTshort	+0.0100%	1h	0.06856	+0.190%	$27K	$649K	50x
Orderly PERP_SKY_USDC_mythos	+0.0100%	4h	0.06855	+0.172%	$1K	$3K	10x	as long as short
Hyperliquid SKY	+0.0249%	1h	0.06853	+0.148%	$2.8M	$908K	3x	as long as short
GMX SKY/USD [ETH-USDC]	L +0.0522% / S −0.0248%	1h	0.06850	+0.108%	$81K	—	50x	as long as short