Funding arb · Price arb /

SKY

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0037%/8h= −4.0% APRpaid last 24h −0.004%

Price spread now: Nado against OKX−0.014%49s7-day average — · you buy dearer than you sell

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

Long on OKX Short on Nado

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

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: −$1 a day on $10k at the current rate. The two prices were read 49 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX SKY-USDT-SWAP	0.07049	0.0100	pay 0.0050% / 4h	1m 37s	$850K	$1.3M	20x
Short	Nado SKY-PERP	0.07048	0.0063	get 0.0008% / 1h	1m 37s	$70K	$25K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado 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 NadobpOrdersPrice spread, now −0.014%Rate

Funding earned: −$7.71
Price spread: −0.014% → 0.000%: −$1.42
Slippage, 4 orders: no order book: not counted
Fee OKX: 5 bp × 2 orders: −$10
Fee Nado: 3.5 bp × 2 orders: −$7
Net: −$26.13
Costs to cover: 0.170%
Break-even: never at this rate

Slippage unknown: OKX: live order book, 5 min ago; Nado: no order-book sample. 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 OKX live order book, 5 min ago	1.42 bp	28.5 bp −$28	doesn't fit	doesn't fit	doesn't fit
Sell Nado no order-book sample	—	—	—	—	—

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	−0.0679%	4h	0.07035	−0.198%	$193K	$104K	—	as long as short
Bybit SKYUSDT	−0.0180%	4h	0.07044	−0.071%	$7.6M	$3.3M	25x	as long as short
Nado SKY-PERPshort	+0.0063%	1h	0.07048	−0.014%	$70K	$25K	5x
Lighter SKY	+0.0096%	1h	0.07057	+0.108%	$189K	$160K	10x	as long as short
Aster SKYUSDT	+0.0100%	4h	0.07052	+0.050%	$42K	$43K	20x	as long as short
Binance SKYUSDT	+0.0100%	4h	0.07053	+0.057%	$16.0M	$10.2M	75x	as long as short
OKX SKY-USDT-SWAPlong	+0.0100%	4h	0.07049	long leg	$850K	$1.3M	20x
Gate SKY_USDT	+0.0100%	4h	0.07048	−0.014%	$603K	$259K	50x	as long as short
MEXC SKY_USDT	+0.0100%	4h	0.07055	+0.085%	$1.1M	$288K	100x	as long as short
KuCoin SKYUSDTM	+0.0100%	4h	0.07042	−0.099%	$420K	$290K	50x	as long as short

Show all 18 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget SKYUSDT	+0.0100%	4h	0.07052	+0.043%	$2.9M	$1.6M	75x	as long as short
BingX SKY-USDT	+0.0100%	4h	0.07049	0.000%	—	$2.4M	—	as long as short
ApeX Omni SKYUSDT	+0.0100%	1h	0.07050	+0.014%	$22K	$679K	50x	as long as short
Orderly PERP_SKY_USDC_mythos	+0.0100%	4h	0.07052	+0.043%	$1K	$2K	10x	as long as short
BloFin SKY-USDT	+0.0125%	4h	0.07050	+0.014%	$586K	$30K	75x	as long as short
Injective SKY/USDC PERP	+0.0158%	1h	0.07172	+1.745%	$392	$303K	12x	as long as short
Hyperliquid SKY	+0.0220%	1h	0.07064	+0.218%	$3.0M	$889K	3x	as long as short
GMX SKY/USD [ETH-USDC]	L +0.0526% / S −0.0248%	1h	0.07051	+0.023%	$84K	—	50x	as long as short