Funding arb · Price arb /

SKY

all SKY markets

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: Binance against OKX+0.114%7-day average +0.058% · you sell dearer than you buy

Net, funding: paid 7d − costs−$98as in the Funding arb table

Net, price: spread back to 7d avg − costs−$94as in the Price arb table

costs, in and out, $10k−$990.994% of the position

Long on OKX Short on Binance

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−0.114%−$11 · spread now +0.114%, 7d avg +0.058%

Together, before fees−0.102%−$10 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: Binance is 0.056% dearer against OKX than usual: you sell high and buy low, +$6 on $10k if it goes back to its 7-day average of +0.058%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX SKY-USDT-SWAP	0.07019	0.0100	pay 0.0050% / 4h	3h 16m	$844K	$1.3M	20x
Short	Binance SKYUSDT	0.07027	0.0100	get 0.0050% / 4h	3h 16m	$16.2M	$10.9M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against OKX. 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 OKXbpFee BinancebpOrdersPrice spread, now +0.114%Rate

Funding earned: $0
Price spread: +0.114% → +0.058%: $5.58
Slippage, 4 orders: −$79.42
Fee OKX: 5 bp × 2 orders: −$10
Fee Binance: 5 bp × 2 orders: −$10
Net: −$93.84
Costs to cover: 0.994%
Break-even: never at this rate

Slippage from OKX: live order book, 5 min ago; Binance: live order book, 9 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 OKX live order book, 5 min ago	2.13 bp	34.5 bp −$35	doesn't fit	doesn't fit	doesn't fit
Sell Binance live order book, 9 min ago	0.71 bp	15.0 bp −$15	57.5 bp −$575	313.1 bp −$31.3K	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	−0.0594%	4h	0.07042	+0.332%	$203K	$118K	—	as long as short
Bybit SKYUSDT	−0.0409%	4h	0.07017	−0.028%	$7.6M	$3.5M	25x	as long as short
Injective SKY/USDC PERP	+0.0033%	1h	0.07172	+2.180%	$392	$303K	12x	as long as short
BloFin SKY-USDT	+0.0040%	4h	0.07039	+0.285%	$597K	$30K	75x	as long as short
Nado SKY-PERP	+0.0067%	1h	0.07030	+0.157%	$71K	$28K	5x	as long as short
Lighter SKY	+0.0096%	1h	0.07029	+0.135%	$189K	$171K	10x	as long as short
Aster SKYUSDT	+0.0100%	4h	0.07029	+0.146%	$42K	$44K	20x	as long as short
Binance SKYUSDTshort	+0.0100%	4h	0.07027	+0.114%	$16.2M	$10.9M	75x
OKX SKY-USDT-SWAPlong	+0.0100%	4h	0.07019	long leg	$844K	$1.3M	20x
Gate SKY_USDT	+0.0100%	4h	0.07032	+0.185%	$591K	$265K	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	0.07023	+0.057%	$1.0M	$285K	100x	as long as short
KuCoin SKYUSDTM	+0.0100%	4h	0.07031	+0.171%	$415K	$293K	50x	as long as short
Bitget SKYUSDT	+0.0100%	4h	0.07022	+0.043%	$2.9M	$1.6M	75x	as long as short
BingX SKY-USDT	+0.0100%	4h	0.07020	+0.014%	—	$2.4M	—	as long as short
ApeX Omni SKYUSDT	+0.0100%	1h	0.07056	+0.527%	$24K	$681K	50x	as long as short
Orderly PERP_SKY_USDC_mythos	+0.0100%	4h	0.07025	+0.080%	$942	$3K	10x	as long as short
Hyperliquid SKY	+0.0123%	1h	0.07037	+0.252%	$2.9M	$903K	3x	as long as short
GMX SKY/USD [ETH-USDC]	L +0.0526% / S −0.0248%	1h	0.07020	+0.013%	$83K	—	50x	as long as short