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+0.0748%/8h= +81.9% APRnext payment +$3.74 per $10,000 · paid last 24h +0.029%
Price spread now: Binance against Variational Omni+0.132%7-day average +0.095% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)+0.039%+$4 on $10k
Price spread, last 3 days (all we have)−0.357%−$36 · spread now +0.132%, 7d avg +0.095%
Together, before fees−0.318%+ Points / potential airdropVariational Omni: Active · farm board−$32 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$22 a day on $10k at the current rate, and Binance is 0.037% dearer against Variational Omni than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of +0.095%.
The current funding rate is far above what this pair has been paying: over the last 3 days it paid 0.039% in total (about 4.3% a year). A funding rate is set anew for every payment; at this rate the next one is about +$3.74 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongVariational Omni SKY0.07059−0.0648get 0.0324% / 4h34m 28s$194K$104K
ShortBinance SKYUSDT0.070680.0100get 0.0050% / 4h34m 28s$16.0M$10.3M75x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Binance against Variational Omni. 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
$157.06
Price spread: +0.132% → +0.095%
$3.67
Slippage, 4 orders
no order book: not counted
Fee Variational Omni: 0 bp × 2 orders
$0
Fee Binance: 5 bp × 2 orders
−$10
Net
$150.73
Costs to cover
0.100%
Break-even
0.3 days
Slippage unknown: Variational Omni: RFQ quote, 44 min ago; Binance: live order book, 6 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Variational Omni RFQ quote, 44 min ago5.65 bpdoesn't fit283.9 bp −$2,839doesn't fitdoesn't fit
Sell Binance live order book, 6 min ago0.71 bp14.4 bp −$1460.5 bp −$605309.5 bp −$30.9Kdoesn'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 SKYlong−0.0648%4h0.07059long leg$194K$104K
Bybit SKYUSDT−0.0258%4h0.07058−0.010%$7.6M$3.3M25xas long as short
Lighter SKY+0.0096%1h0.07071+0.173%$185K$155K10xas long as short
Nado SKY-PERP+0.0100%1h0.07067+0.111%$70K$25K5xas long as short
Aster SKYUSDT+0.0100%4h0.07075+0.238%$43K$43K20xas long as short
Binance SKYUSDTshort+0.0100%4h0.07068+0.132%$16.0M$10.3M75x
OKX SKY-USDT-SWAP+0.0100%4h0.07063+0.061%$849K$1.3M20xas long as short
Gate SKY_USDT+0.0100%4h0.07061+0.033%$602K$255K50xas long as short
MEXC SKY_USDT+0.0100%4h0.07070+0.160%$1.1M$285K100xas long as short
KuCoin SKYUSDTM+0.0100%4h0.07076+0.245%$424K$290K50xas long as short
Show all 18 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bitget SKYUSDT+0.0100%4h0.07070+0.160%$2.9M$1.8M75xas long as short
BingX SKY-USDT+0.0100%4h0.07066+0.104%$2.4Mas long as short
ApeX Omni SKYUSDT+0.0100%1h0.07074+0.217%$20K$679K50xas long as short
Orderly PERP_SKY_USDC_mythos+0.0100%4h0.07072+0.196%$1K$2K10xas long as short
BloFin SKY-USDT+0.0139%4h0.07072+0.189%$592K$29K75xas long as short
Injective SKY/USDC PERP+0.0158%1h0.07172+1.605%$392$303K12xas long as short
Hyperliquid SKY+0.0204%1h0.07083+0.350%$3.0M$902K3xas long as short
GMX SKY/USD [ETH-USDC]L +0.0527% / S −0.0248%1h0.07071+0.179%$84K50xas long as short