Funding arb · Price arb /

SKY

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.004%

Price spread now: KuCoin against Nado−0.208%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 KuCoin

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: KuCoin is 0.208% cheaper against Nado than usual: you would sell low and buy high, −$21 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	Nado SKY-PERP	0.07199	0.0100	pay 0.0012% / 1h	11m 16s	$71K	$26K	5x
Short	KuCoin SKYUSDTM	0.07184	0.0100	get 0.0050% / 4h	2h 11m	$442K	$287K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now −0.208%Rate

Funding earned: $0
Price spread: −0.208% → 0.000%: −$20.84
Slippage, 4 orders: no order book: not counted
Fee Nado: 3.5 bp × 2 orders: −$7
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$39.84
Costs to cover: 0.190%
Break-even: 284215895924374.1 days

Slippage unknown: Nado: no order-book sample; KuCoin: live order book, 70 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 KuCoin live order book, 70 min ago	51.25 bp	225.4 bp −$225	649.6 bp −$6,496	doesn't fit	doesn't fit

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	−0.0506%	4h	0.07191	−0.109%	$207K	$94K	—	as long as short
Bybit SKYUSDT	−0.0129%	4h	0.07192	−0.097%	$7.9M	$3.3M	25x	as long as short
Injective SKY/USDC PERP	+0.0033%	1h	0.07199	0.000%	$393	$222K	12x	as long as short
BloFin SKY-USDT	+0.0077%	4h	0.07197	−0.028%	$608K	$609K	75x	as long as short
Lighter SKY	+0.0096%	1h	0.07204	+0.075%	$189K	$163K	10x	as long as short
Nado SKY-PERPlong	+0.0100%	1h	0.07199	long leg	$71K	$26K	5x
Aster SKYUSDT	+0.0100%	4h	0.07209	+0.132%	$43K	$36K	20x	as long as short
Binance SKYUSDT	+0.0100%	4h	0.07204	+0.069%	$16.6M	$9.5M	75x	as long as short
OKX SKY-USDT-SWAP	+0.0100%	4h	0.07188	−0.153%	$869K	$1.3M	20x	as long as short
Gate SKY_USDT	+0.0100%	4h	0.07195	−0.056%	$618K	$254K	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_USDT	+0.0100%	4h	0.07204	+0.069%	$1.1M	$283K	100x	as long as short
KuCoin SKYUSDTMshort	+0.0100%	4h	0.07184	−0.208%	$442K	$287K	50x
Bitget SKYUSDT	+0.0100%	4h	0.07206	+0.097%	$3.0M	$2.0M	75x	as long as short
BingX SKY-USDT	+0.0100%	4h	0.07200	+0.014%	—	$2.4M	—	as long as short
ApeX Omni SKYUSDT	+0.0100%	1h	0.07210	+0.153%	$20K	$686K	50x	as long as short
Orderly PERP_SKY_USDC_mythos	+0.0100%	4h	0.07206	+0.101%	$699	$2K	10x	as long as short
Hyperliquid SKY	+0.0371%	1h	0.07215	+0.218%	$3.0M	$906K	3x	as long as short
GMX SKY/USD [ETH-USDC]	L +0.0534% / S −0.0248%	1h	0.07204	+0.069%	$85K	—	50x	as long as short