Settings8H · net · $10k
Funding arb · Price arb /

SKY

all SKY markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h −0.001%
Price spread now: Lighter against OKX+0.109%7-day average +0.101% · you sell dearer than you buy
Net, funding: paid 7d − costs−$213as in the Funding arb table
Net, price: spread back to 7d avg − costs−$213as in the Price arb table
costs, in and out, $10k−$2142.138% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.003%$0 on $10k
Price spread, last 4 days (all we have)+0.042%+$4 · spread now +0.109%, 7d avg +0.101%
Together, before fees+0.045%+ Points / potential airdropLighter: Season 3 · farm board+$5 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongOKX SKY-USDT-SWAP0.070510.0100pay 0.0050% / 4h0m 20s$850K$1.3M20x
ShortLighter SKY0.070590.0096get 0.0012% / 1h0m 20s$189K$160K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Lighter 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

Funding earned
−$0.84
Price spread: +0.109% → +0.101%
$0.83
Slippage, 4 orders
−$203.81
Fee OKX: 5 bp × 2 orders
−$10
Fee Lighter: 0 bp × 2 orders
$0
Net
−$213.82
Costs to cover
2.138%
Break-even
never at this rate
Slippage from OKX: live order book, 1 min ago; Lighter: live order book, 60 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy OKX live order book, 1 min ago2.13 bp26.7 bp −$27doesn't fitdoesn't fitdoesn't fit
Sell Lighter live order book, 60 min ago12.74 bp100.5 bp −$100187.9 bp −$1,879doesn't fitdoesn't fit

SKY on 18 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Variational Omni SKY−0.0643%4h0.07042−0.127%$193K$104Kas long as short
Bybit SKYUSDT−0.0160%4h0.07046−0.071%$7.6M$3.3M25xas long as short
Nado SKY-PERP+0.0064%1h0.07055+0.060%$70K$25K5xas long as short
Lighter SKYshort+0.0096%1h0.07059+0.109%$189K$160K10x
Aster SKYUSDT+0.0100%4h0.07057+0.089%$42K$43K20xas long as short
Binance SKYUSDT+0.0100%4h0.07057+0.089%$16.0M$10.2M75xas long as short
OKX SKY-USDT-SWAPlong+0.0100%4h0.07051long leg$850K$1.3M20x
Gate SKY_USDT+0.0100%4h0.07049−0.028%$603K$259K50xas long as short
MEXC SKY_USDT+0.0100%4h0.07056+0.071%$1.1M$288K100xas long as short
KuCoin SKYUSDTM+0.0100%4h0.07042−0.128%$420K$290K50xas long as short
Show all 18 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bitget SKYUSDT+0.0100%4h0.07052+0.014%$2.9M$1.6M75xas long as short
BingX SKY-USDT+0.0100%4h0.070510.000%$2.4Mas long as short
ApeX Omni SKYUSDT+0.0100%1h0.07054+0.043%$22K$680K50xas long as short
Orderly PERP_SKY_USDC_mythos+0.0100%4h0.07057+0.089%$1K$2K10xas long as short
BloFin SKY-USDT+0.0110%4h0.07050−0.014%$586K$29K75xas long as short
Injective SKY/USDC PERP+0.0158%1h0.07172+1.716%$392$303K12xas long as short
Hyperliquid SKY+0.0219%1h0.07066+0.217%$3.0M$889K3xas long as short
GMX SKY/USD [ETH-USDC]L +0.0526% / S −0.0248%1h0.07054+0.038%$84K50xas long as short