Funding arb · Price arb /

SKY

all SKY markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Gate against MEXC−0.160%7-day average −0.119% · you buy dearer than you sell

Net, funding: paid 7d − costs−$207as in the Funding arb table

Net, price: spread back to 7d avg − costs−$194as in the Price arb table

costs, in and out, $10k−$1901.900% of the position

Long on MEXC Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.173%−$17 on $10k

Price spread, last 4 days (all we have)+0.084%+$8 · spread now −0.160%, 7d avg −0.119%

Together, before fees−0.089%−$9 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: Gate is 0.041% cheaper against MEXC than usual: you would sell low and buy high, −$4 on $10k if it goes back to its 7-day average of −0.119%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC SKY_USDT	0.06874	0.0100	pay 0.0050% / 4h	3h 31m	$1.0M	$265K	100x
Short	Gate SKY_USDT	0.06863	0.0100	get 0.0050% / 4h	3h 31m	$594K	$270K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now −0.160%Rate

Funding earned: $0
Price spread: −0.160% → −0.119%: −$4.06
Slippage, 4 orders: −$170.95
Fee MEXC: 2 bp × 2 orders: −$4
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$194.01
Costs to cover: 1.900%
Break-even: never at this rate

Slippage from MEXC: live order book, 5 min ago; Gate: live order book, 20 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, 5 min ago	0.73 bp	10.4 bp −$10	59.9 bp −$599	281.5 bp −$28.2K	doesn't fit
Sell Gate live order book, 20 min ago	5.81 bp	81.3 bp −$81	doesn't fit	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	+0.276%	$376	$303K	12x	as long as short
Variational Omni SKY	−0.0119%	4h	0.06862	−0.177%	$183K	$113K	—	as long as short
Lighter SKY	+0.0096%	1h	0.06865	−0.124%	$179K	$139K	10x	as long as short
Nado SKY-PERP	+0.0100%	1h	0.06869	−0.069%	$76K	$31K	5x	as long as short
Aster SKYUSDT	+0.0100%	4h	0.06873	−0.014%	$42K	$42K	20x	as long as short
Binance SKYUSDT	+0.0100%	4h	0.06875	+0.021%	$15.7M	$11.0M	75x	as long as short
Bybit SKYUSDT	+0.0100%	4h	0.06870	−0.058%	$7.2M	$3.2M	25x	as long as short
OKX SKY-USDT-SWAP	+0.0100%	4h	0.06874	0.000%	$822K	$1.1M	20x	as long as short
Gate SKY_USDTshort	+0.0100%	4h	0.06863	−0.160%	$594K	$270K	50x
MEXC SKY_USDTlong	+0.0100%	4h	0.06874	long leg	$1.0M	$265K	100x

Show all 18 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin SKYUSDTM	+0.0100%	4h	0.06860	−0.204%	$404K	$291K	50x	as long as short
Bitget SKYUSDT	+0.0100%	4h	0.06872	−0.029%	$2.8M	$1.5M	75x	as long as short
BingX SKY-USDT	+0.0100%	4h	0.06875	+0.015%	—	$2.4M	—	as long as short
ApeX Omni SKYUSDT	+0.0100%	1h	0.06860	−0.204%	$27K	$653K	50x	as long as short
Orderly PERP_SKY_USDC_mythos	+0.0100%	4h	0.06872	−0.023%	$1K	$3K	10x	as long as short
BloFin SKY-USDT	+0.0133%	4h	0.06860	−0.204%	$583K	$29K	75x	as long as short
Hyperliquid SKY	+0.0227%	1h	0.06885	+0.163%	$2.8M	$909K	3x	as long as short
GMX SKY/USD [ETH-USDC]	L +0.0522% / S −0.0248%	1h	0.06874	−0.007%	$81K	—	50x	as long as short