Funding arb · Price arb /

SKY

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.004%

Price spread now: BingX against Nado−0.011%7-day average — · you buy dearer than you sell

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

Long on Nado Short on BingX

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

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Nado SKY-PERP	0.07130	0.0100	pay 0.0012% / 1h	55m 08s	$71K	$26K	5x
Short	BingX SKY-USDT	0.07129	0.0100	get 0.0050% / 4h	55m 08s	—	$2.4M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against Nado. 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 NadobpFee BingXbpOrdersPrice spread, now −0.011%Rate

Funding earned: $0
Price spread: −0.011% → 0.000%: −$1.05
Slippage, 4 orders: no order book: not counted
Fee Nado: 3.5 bp × 2 orders: −$7
Fee BingX: 5 bp × 2 orders: −$10
Net: −$18.05
Costs to cover: 0.170%
Break-even: 1854625815961313.0 days

Slippage unknown: Nado: no order-book sample; BingX: live order book, 4 min ago. 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 Nado no order-book sample	—	—	—	—	—
Sell BingX live order book, 4 min ago	3.52 bp	17.2 bp −$17	58.7 bp −$587	231.0 bp −$23.1K	825.2 bp −$412.6K

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	−0.0603%	4h	0.07097	−0.466%	$195K	$104K	—	as long as short
Bybit SKYUSDT	−0.0224%	4h	0.07119	−0.151%	$7.7M	$3.4M	25x	as long as short
Lighter SKY	+0.0096%	1h	0.07133	+0.046%	$187K	$155K	10x	as long as short
BloFin SKY-USDT	+0.0099%	4h	0.07113	−0.235%	$592K	$29K	75x	as long as short
Nado SKY-PERPlong	+0.0100%	1h	0.07130	long leg	$71K	$26K	5x
Aster SKYUSDT	+0.0100%	4h	0.07127	−0.044%	$43K	$36K	20x	as long as short
Binance SKYUSDT	+0.0100%	4h	0.07133	+0.046%	$16.2M	$10.4M	75x	as long as short
OKX SKY-USDT-SWAP	+0.0100%	4h	0.07127	−0.039%	$858K	$1.3M	20x	as long as short
Gate SKY_USDT	+0.0100%	4h	0.07116	−0.193%	$607K	$255K	50x	as long as short
MEXC SKY_USDT	+0.0100%	4h	0.07132	+0.032%	$1.1M	$284K	100x	as long as short

Show all 18 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin SKYUSDTM	+0.0100%	4h	0.07125	−0.067%	$430K	$289K	50x	as long as short
Bitget SKYUSDT	+0.0100%	4h	0.07131	+0.018%	$2.9M	$2.1M	75x	as long as short
BingX SKY-USDTshort	+0.0100%	4h	0.07129	−0.011%	—	$2.4M	—
ApeX Omni SKYUSDT	+0.0100%	1h	0.07114	−0.221%	$20K	$683K	50x	as long as short
Orderly PERP_SKY_USDC_mythos	+0.0100%	4h	0.07128	−0.027%	$1K	$2K	10x	as long as short
Injective SKY/USDC PERP	+0.0158%	1h	0.07172	+0.593%	$392	$303K	12x	as long as short
Hyperliquid SKY	+0.0238%	1h	0.07145	+0.212%	$3.0M	$929K	3x	as long as short
GMX SKY/USD [ETH-USDC]	L +0.0529% / S −0.0248%	1h	0.07132	+0.029%	$84K	—	50x	as long as short