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: OKX against MEXC−0.015%7-day average −0.052% · you buy dearer than you sell

Net, funding: paid 7d − costs−$83as in the Funding arb table

Net, price: spread back to 7d avg − costs−$78as in the Price arb table

costs, in and out, $10k−$810.815% of the position

Long on MEXC Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.012%−$1 on $10k

Price spread, last 7 days+0.028%+$3 · spread now −0.015%, 7d avg −0.052%

Together, before fees+0.016%+$2 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: OKX is 0.037% dearer against MEXC than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of −0.052%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC SKY_USDT	0.06851	0.0100	pay 0.0050% / 4h	3h 01m	$1.0M	$267K	100x
Short	OKX SKY-USDT-SWAP	0.06850	0.0100	get 0.0050% / 4h	3h 01m	$816K	$1.1M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now −0.015%Rate

Funding earned: $0
Price spread: −0.015% → −0.052%: $3.72
Slippage, 4 orders: −$67.49
Fee MEXC: 2 bp × 2 orders: −$4
Fee OKX: 5 bp × 2 orders: −$10
Net: −$77.78
Costs to cover: 0.815%
Break-even: never at this rate

Slippage from MEXC: live order book, 5 min ago; OKX: live order book, just now.

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	10.8 bp −$11	62.2 bp −$622	282.6 bp −$28.3K	doesn't fit
Sell OKX live order book, just now	2.19 bp	34.4 bp −$34	431.6 bp −$4,316	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	+0.613%	$376	$303K	12x	as long as short
Variational Omni SKY	+0.0031%	4h	0.06843	−0.120%	$183K	$113K	—	as long as short
BloFin SKY-USDT	+0.0067%	4h	0.06852	+0.015%	$581K	$29K	75x	as long as short
Lighter SKY	+0.0096%	1h	0.06850	−0.019%	$179K	$139K	10x	as long as short
Nado SKY-PERP	+0.0100%	1h	0.06845	−0.084%	$75K	$32K	5x	as long as short
Aster SKYUSDT	+0.0100%	4h	0.06851	+0.003%	$42K	$42K	20x	as long as short
Binance SKYUSDT	+0.0100%	4h	0.06852	+0.015%	$15.6M	$11.0M	75x	as long as short
Bybit SKYUSDT	+0.0100%	4h	0.06843	−0.117%	$7.2M	$3.2M	25x	as long as short
OKX SKY-USDT-SWAPshort	+0.0100%	4h	0.06850	−0.015%	$816K	$1.1M	20x
Gate SKY_USDT	+0.0100%	4h	0.06840	−0.161%	$583K	$283K	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	0.06851	long leg	$1.0M	$267K	100x
KuCoin SKYUSDTM	+0.0100%	4h	0.06849	−0.029%	$403K	$292K	50x	as long as short
Bitget SKYUSDT	+0.0100%	4h	0.06848	−0.044%	$2.8M	$1.5M	75x	as long as short
BingX SKY-USDT	+0.0100%	4h	0.06847	−0.058%	—	$2.4M	—	as long as short
ApeX Omni SKYUSDT	+0.0100%	1h	0.06856	+0.073%	$27K	$649K	50x	as long as short
Orderly PERP_SKY_USDC_mythos	+0.0100%	4h	0.06852	+0.012%	$1K	$3K	10x	as long as short
Hyperliquid SKY	+0.0244%	1h	0.06860	+0.130%	$2.8M	$908K	3x	as long as short
GMX SKY/USD [ETH-USDC]	L +0.0522% / S −0.0248%	1h	0.06851	−0.004%	$81K	—	50x	as long as short