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: Bitget against MEXC−0.028%7-day average −0.055% · you buy dearer than you sell

Net, funding: paid 7d − costs−$60as in the Funding arb table

Net, price: spread back to 7d avg − costs−$57as in the Price arb table

costs, in and out, $10k−$600.597% of the position

Long on MEXC Short on Bitget

What this pair did over the last

the charts below follow

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

Price spread, last 7 days−0.058%−$6 · spread now −0.028%, 7d avg −0.055%

Together, before fees−0.058%−$6 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: Bitget is 0.027% dearer against MEXC than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of −0.055%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC SKY_USDT	0.07030	0.0100	pay 0.0050% / 4h	3h 17m	$1.0M	$285K	100x
Short	Bitget SKYUSDT	0.07028	0.0100	get 0.0050% / 4h	3h 17m	$2.9M	$1.6M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now −0.028%Rate

Funding earned: $0
Price spread: −0.028% → −0.055%: $2.68
Slippage, 4 orders: −$43.7
Fee MEXC: 2 bp × 2 orders: −$4
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$57.02
Costs to cover: 0.597%
Break-even: never at this rate

Slippage from MEXC: live order book, 3 min ago; Bitget: 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 MEXC live order book, 3 min ago	0.71 bp	9.9 bp −$10	57.5 bp −$575	278.4 bp −$27.8K	doesn't fit
Sell Bitget live order book, 5 min ago	6.38 bp	22.0 bp −$22	64.7 bp −$647	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	−0.0594%	4h	0.07042	+0.176%	$203K	$118K	—	as long as short
Bybit SKYUSDT	−0.0399%	4h	0.07021	−0.128%	$7.6M	$3.5M	25x	as long as short
Injective SKY/USDC PERP	+0.0033%	1h	0.07172	+2.020%	$392	$303K	12x	as long as short
Nado SKY-PERP	+0.0065%	1h	0.07018	−0.164%	$70K	$28K	5x	as long as short
Lighter SKY	+0.0096%	1h	0.07032	+0.028%	$189K	$171K	10x	as long as short
Aster SKYUSDT	+0.0100%	4h	0.07035	+0.071%	$42K	$44K	20x	as long as short
Binance SKYUSDT	+0.0100%	4h	0.07031	+0.009%	$16.2M	$10.9M	75x	as long as short
OKX SKY-USDT-SWAP	+0.0100%	4h	0.07025	−0.071%	$846K	$1.3M	20x	as long as short
Gate SKY_USDT	+0.0100%	4h	0.07037	+0.100%	$591K	$265K	50x	as long as short
MEXC SKY_USDTlong	+0.0100%	4h	0.07030	long leg	$1.0M	$285K	100x

Show all 18 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin SKYUSDTM	+0.0100%	4h	0.07037	+0.100%	$416K	$292K	50x	as long as short
Bitget SKYUSDTshort	+0.0100%	4h	0.07028	−0.028%	$2.9M	$1.6M	75x
BingX SKY-USDT	+0.0100%	4h	0.07023	−0.100%	—	$2.4M	—	as long as short
ApeX Omni SKYUSDT	+0.0100%	1h	0.07056	+0.370%	$24K	$681K	50x	as long as short
Orderly PERP_SKY_USDC_mythos	+0.0100%	4h	0.07027	−0.037%	$943	$3K	10x	as long as short
BloFin SKY-USDT	+0.0109%	4h	0.07050	+0.284%	$598K	$30K	75x	as long as short
Hyperliquid SKY	+0.0116%	1h	0.07040	+0.148%	$2.9M	$903K	3x	as long as short
GMX SKY/USD [ETH-USDC]	L +0.0526% / S −0.0248%	1h	0.07028	−0.031%	$83K	—	50x	as long as short