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% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Orderly against OKX+0.011%7-day average — · you sell dearer than you buy

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

Long on OKX Short on Orderly

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX SKY-USDT-SWAP	0.07127	0.0100	pay 0.0050% / 4h	54m 43s	$858K	$1.3M	20x
Short	Orderly PERP_SKY_USDC_mythos	0.07128	0.0100	get 0.0050% / 4h	54m 43s	$1K	$2K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly 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 OrderlybpOrdersPrice spread, now +0.011%Rate

Funding earned: $0
Price spread: +0.011% → 0.000%: $1.12
Slippage, 4 orders: no order book: not counted
Fee OKX: 5 bp × 2 orders: −$10
Fee Orderly: 3 bp × 2 orders: −$6
Net: −$14.88
Costs to cover: 0.160%
Break-even: never at this rate

Slippage unknown: OKX: live order book, 2 min ago; Orderly: 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, 2 min ago	4.21 bp	25.4 bp −$25	doesn't fit	doesn't fit	doesn't fit
Sell Orderly no order-book sample	—	—	—	—	—

Orderly: 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	−0.427%	$195K	$104K	—	as long as short
Bybit SKYUSDT	−0.0224%	4h	0.07122	−0.070%	$7.7M	$3.4M	25x	as long as short
Lighter SKY	+0.0096%	1h	0.07131	+0.060%	$187K	$155K	10x	as long as short
BloFin SKY-USDT	+0.0099%	4h	0.07113	−0.196%	$592K	$29K	75x	as long as short
Nado SKY-PERP	+0.0100%	1h	0.07130	+0.039%	$71K	$26K	5x	as long as short
Aster SKYUSDT	+0.0100%	4h	0.07128	+0.017%	$43K	$36K	20x	as long as short
Binance SKYUSDT	+0.0100%	4h	0.07130	+0.040%	$16.2M	$10.4M	75x	as long as short
OKX SKY-USDT-SWAPlong	+0.0100%	4h	0.07127	long leg	$858K	$1.3M	20x
Gate SKY_USDT	+0.0100%	4h	0.07117	−0.140%	$607K	$255K	50x	as long as short
MEXC SKY_USDT	+0.0100%	4h	0.07133	+0.084%	$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	−0.028%	$429K	$290K	50x	as long as short
Bitget SKYUSDT	+0.0100%	4h	0.07133	+0.084%	$2.9M	$2.1M	75x	as long as short
BingX SKY-USDT	+0.0100%	4h	0.07129	+0.028%	—	$2.4M	—	as long as short
ApeX Omni SKYUSDT	+0.0100%	1h	0.07114	−0.182%	$20K	$683K	50x	as long as short
Orderly PERP_SKY_USDC_mythosshort	+0.0100%	4h	0.07128	+0.011%	$1K	$2K	10x
Injective SKY/USDC PERP	+0.0158%	1h	0.07172	+0.631%	$392	$303K	12x	as long as short
Hyperliquid SKY	+0.0222%	1h	0.07147	+0.285%	$3.0M	$925K	3x	as long as short
GMX SKY/USD [ETH-USDC]	L +0.0529% / S −0.0248%	1h	0.07132	+0.067%	$84K	—	50x	as long as short