Funding arb · Price arb /

SKY

all SKY markets

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: BingX against MEXC−0.084%7-day average −0.036% · you buy dearer than you sell

Net, funding: paid 7d − costs−$57as in the Funding arb table

Net, price: spread back to 7d avg − costs−$62as in the Price arb table

costs, in and out, $10k−$570.572% of the position

Long on MEXC Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days0.000%$0 on $10k

Price spread, last 7 days+0.082%+$8 · spread now −0.084%, 7d avg −0.036%

Together, before fees+0.082%+$8 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: BingX is 0.049% cheaper against MEXC than usual: you would sell low and buy high, −$5 on $10k if it goes back to its 7-day average of −0.036%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC SKY_USDT	0.07107	0.0100	pay 0.0050% / 4h	1h 21m	$1.1M	$288K	100x
Short	BingX SKY-USDT	0.07101	0.0100	get 0.0050% / 4h	1h 21m	—	$2.4M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX 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 BingXbpOrdersPrice spread, now −0.084%Rate

Funding earned: $0
Price spread: −0.084% → −0.036%: −$4.85
Slippage, 4 orders: −$43.18
Fee MEXC: 2 bp × 2 orders: −$4
Fee BingX: 5 bp × 2 orders: −$10
Net: −$62.03
Costs to cover: 0.572%
Break-even: never at this rate

Slippage from MEXC: live order book, 4 min ago; BingX: live order book, 2 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	0.70 bp	7.1 bp −$7	59.8 bp −$598	284.4 bp −$28.4K	doesn't fit
Sell BingX live order book, 2 min ago	3.52 bp	17.6 bp −$18	60.2 bp −$602	232.9 bp −$23.3K	805.3 bp −$402.6K

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	−0.0533%	4h	0.07066	−0.575%	$196K	$104K	—	as long as short
Bybit SKYUSDT	−0.0222%	4h	0.07095	−0.169%	$7.7M	$3.4M	25x	as long as short
Injective SKY/USDC PERP	+0.0014%	1h	0.07172	+0.915%	$392	$303K	12x	as long as short
Nado SKY-PERP	+0.0073%	1h	0.07107	−0.007%	$70K	$26K	5x	as long as short
Lighter SKY	+0.0096%	1h	0.07108	+0.008%	$186K	$163K	10x	as long as short
Aster SKYUSDT	+0.0100%	4h	0.07109	+0.027%	$43K	$36K	20x	as long as short
Binance SKYUSDT	+0.0100%	4h	0.07108	+0.016%	$16.2M	$10.3M	75x	as long as short
OKX SKY-USDT-SWAP	+0.0100%	4h	0.07103	−0.056%	$855K	$1.4M	20x	as long as short
Gate SKY_USDT	+0.0100%	4h	0.07103	−0.056%	$607K	$261K	50x	as long as short
MEXC SKY_USDTlong	+0.0100%	4h	0.07107	long leg	$1.1M	$288K	100x

Show all 18 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin SKYUSDTM	+0.0100%	4h	0.07108	+0.014%	$430K	$288K	50x	as long as short
Bitget SKYUSDT	+0.0100%	4h	0.07106	−0.014%	$2.9M	$2.1M	75x	as long as short
BingX SKY-USDTshort	+0.0100%	4h	0.07101	−0.084%	—	$2.4M	—
ApeX Omni SKYUSDT	+0.0100%	1h	0.07120	+0.183%	$20K	$684K	50x	as long as short
Orderly PERP_SKY_USDC_mythos	+0.0100%	4h	0.07108	+0.018%	$1K	$2K	10x	as long as short
BloFin SKY-USDT	+0.0111%	4h	0.07102	−0.070%	$608K	$30K	75x	as long as short
Hyperliquid SKY	+0.0293%	1h	0.07118	+0.151%	$3.0M	$929K	3x	as long as short
GMX SKY/USD [ETH-USDC]	L +0.0528% / S −0.0248%	1h	0.07106	−0.010%	$84K	—	50x	as long as short