Funding arb · Price arb /

SKY

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.002%

Price spread now: Nado against MEXC−0.033%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on MEXC Short on Nado

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropNado: Active · farm boardneeds both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Nado is 0.033% cheaper against MEXC than usual: you would sell low and buy high, −$3 on $10k if it goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC SKY_USDT	0.06923	0.0100	pay 0.0050% / 4h	1h 35m	$1.0M	$271K	100x
Short	Nado SKY-PERP	0.06921	0.0100	get 0.0012% / 1h	35m 26s	$70K	$29K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado 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 NadobpOrdersPrice spread, now −0.033%Rate

Funding earned: $0
Price spread: −0.033% → 0.000%: −$3.25
Slippage, 4 orders: no order book: not counted
Fee MEXC: 2 bp × 2 orders: −$4
Fee Nado: 3.5 bp × 2 orders: −$7
Net: −$14.25
Costs to cover: 0.110%
Break-even: never at this rate

Slippage unknown: MEXC: live order book, just now; Nado: no order-book sample. Net counts fees only.

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, just now	0.72 bp	9.1 bp −$9	58.2 bp −$582	doesn't fit	doesn't fit
Sell Nado no order-book sample	—	—	—	—	—

Nado: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	−0.0390%	4h	0.06916	−0.106%	$185K	$126K	—	as long as short
Bybit SKYUSDT	−0.0058%	4h	0.06916	−0.101%	$7.3M	$3.3M	25x	as long as short
Injective SKY/USDC PERP	+0.0033%	1h	0.07172	+3.597%	$392	$303K	12x	as long as short
Lighter SKY	+0.0096%	1h	0.06920	−0.040%	$180K	$177K	10x	as long as short
Nado SKY-PERPshort	+0.0100%	1h	0.06921	−0.033%	$70K	$29K	5x
Aster SKYUSDT	+0.0100%	4h	0.06925	+0.031%	$42K	$43K	20x	as long as short
Binance SKYUSDT	+0.0100%	4h	0.06925	+0.034%	$15.8M	$11.1M	75x	as long as short
OKX SKY-USDT-SWAP	+0.0100%	4h	0.06919	−0.058%	$827K	$1.2M	20x	as long as short
Gate SKY_USDT	+0.0100%	4h	0.06917	−0.087%	$593K	$277K	50x	as long as short
MEXC SKY_USDTlong	+0.0100%	4h	0.06923	long leg	$1.0M	$271K	100x

Show all 18 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin SKYUSDTM	+0.0100%	4h	0.06925	+0.029%	$412K	$295K	50x	as long as short
Bitget SKYUSDT	+0.0100%	4h	0.06925	+0.029%	$2.9M	$1.6M	75x	as long as short
BingX SKY-USDT	+0.0100%	4h	0.06919	−0.058%	—	$2.4M	—	as long as short
ApeX Omni SKYUSDT	+0.0100%	1h	0.06923	0.000%	$27K	$666K	50x	as long as short
Orderly PERP_SKY_USDC_mythos	+0.0100%	4h	0.06926	+0.048%	$1K	$3K	10x	as long as short
BloFin SKY-USDT	+0.0151%	4h	0.06930	+0.101%	$586K	$29K	75x	as long as short
GMX SKY/USD [ETH-USDC]	L +0.0524% / S −0.0248%	1h	0.06924	+0.013%	$82K	—	50x	as long as short
Hyperliquid SKY	+0.0925%	1h	0.06940	+0.246%	$2.9M	$913K	3x	as long as short