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: KuCoin against MEXC−0.275%7-day average −0.083% · you buy dearer than you sell

Net, funding: paid 7d − costs−$836as in the Funding arb table

Net, price: spread back to 7d avg − costs−$856as in the Price arb table

costs, in and out, $10k−$8368.365% of the position

Long on MEXC Short on KuCoin

What this pair did over the last

the charts below follow

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

Price spread, last 4 days (all we have)+0.289%+$29 · spread now −0.275%, 7d avg −0.083%

Together, before fees+0.289%+$29 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: KuCoin is 0.192% cheaper against MEXC than usual: you would sell low and buy high, −$19 on $10k if it goes back to its 7-day average of −0.083%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC SKY_USDT	0.06919	0.0100	pay 0.0050% / 4h	1h 11m	$1.0M	$273K	100x
Short	KuCoin SKYUSDTM	0.06900	0.0100	get 0.0050% / 4h	1h 11m	$406K	$292K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now −0.275%Rate

Funding earned: $0
Price spread: −0.275% → −0.083%: −$19.18
Slippage, 4 orders: −$820.47
Fee MEXC: 2 bp × 2 orders: −$4
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$855.64
Costs to cover: 8.365%
Break-even: never at this rate

Slippage from MEXC: live order book, 5 min ago; KuCoin: live order book, 11 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	2.17 bp	9.4 bp −$9	87.9 bp −$879	doesn't fit	doesn't fit
Sell KuCoin live order book, 11 min ago	25.18 bp	580.9 bp −$581	789.8 bp −$7,898	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	−0.0326%	4h	0.06918	−0.012%	$185K	$115K	—	as long as short
Bybit SKYUSDT	−0.0024%	4h	0.06910	−0.130%	$7.2M	$3.2M	25x	as long as short
Injective SKY/USDC PERP	+0.0033%	1h	0.07172	+3.657%	$392	$303K	12x	as long as short
BloFin SKY-USDT	+0.0073%	4h	0.06913	−0.087%	$589K	$29K	75x	as long as short
Lighter SKY	+0.0096%	1h	0.06915	−0.058%	$180K	$177K	10x	as long as short
Nado SKY-PERP	+0.0100%	1h	0.06917	−0.033%	$73K	$30K	5x	as long as short
Aster SKYUSDT	+0.0100%	4h	0.06916	−0.043%	$42K	$43K	20x	as long as short
Binance SKYUSDT	+0.0100%	4h	0.06919	+0.001%	$15.8M	$10.9M	75x	as long as short
OKX SKY-USDT-SWAP	+0.0100%	4h	0.06914	−0.072%	$823K	$1.2M	20x	as long as short
Gate SKY_USDT	+0.0100%	4h	0.06901	−0.260%	$599K	$287K	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	0.06919	long leg	$1.0M	$273K	100x
KuCoin SKYUSDTMshort	+0.0100%	4h	0.06900	−0.275%	$406K	$292K	50x
Bitget SKYUSDT	+0.0100%	4h	0.06914	−0.072%	$2.9M	$1.5M	75x	as long as short
BingX SKY-USDT	+0.0100%	4h	0.06911	−0.116%	—	$2.4M	—	as long as short
ApeX Omni SKYUSDT	+0.0100%	1h	0.06910	−0.130%	$27K	$663K	50x	as long as short
Orderly PERP_SKY_USDC_mythos	+0.0100%	4h	0.06917	−0.036%	$1K	$3K	10x	as long as short
GMX SKY/USD [ETH-USDC]	L +0.0523% / S −0.0248%	1h	0.06918	−0.014%	$82K	—	50x	as long as short
Hyperliquid SKY	+0.0551%	1h	0.06930	+0.158%	$2.8M	$928K	3x	as long as short