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

SKY

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 22:00 UTC+0.0744%/8h= +81.4% APRpaid last 24h +0.025%
Price spread now: Nado against Variational Omni+0.159%57s7-day average · 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)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropVariational Omni: Active · Nado: Active · farm boardneeds both histories
Both sides work for this trade now. Funding pays +$22 a day on $10k at the current rate, and Nado is 0.159% dearer against Variational Omni than usual: you sell high and buy low: +$16 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 57 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongVariational Omni SKY0.07190−0.0644get 0.0322% / 4h2h 46m$207K$94K
ShortNado SKY-PERP0.072010.0100get 0.0012% / 1h46m 38s$71K$26K5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Nado 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
$156.19
Price spread: +0.159% → 0.000%
$15.94
Slippage, 4 orders
no order book: not counted
Fee Variational Omni: 0 bp × 2 orders
$0
Fee Nado: 3.5 bp × 2 orders
−$7
Net
$165.13
Costs to cover
0.070%
Break-even
from the start
Slippage unknown: Variational Omni: RFQ quote, 42 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
LegHalf-spread$10k$100k$1M$5M
Buy Variational Omni RFQ quote, 42 min ago5.51 bpdoesn't fit306.0 bp −$3,060doesn't fitdoesn'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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Variational Omni SKYlong−0.0644%4h0.07190long leg$207K$94K
Bybit SKYUSDT−0.0324%4h0.07189−0.014%$8.0M$3.3M25xas long as short
Injective SKY/USDC PERP+0.0033%1h0.07254+0.890%$396$184K12xas long as short
Lighter SKY+0.0096%1h0.07202+0.165%$189K$163K10xas long as short
BloFin SKY-USDT+0.0097%4h0.07194+0.055%$610K$609K75xas long as short
Nado SKY-PERPshort+0.0100%1h0.07201+0.159%$71K$26K5x
Aster SKYUSDT+0.0100%4h0.07203+0.175%$43K$36K20xas long as short
Binance SKYUSDT+0.0100%4h0.07201+0.150%$16.6M$9.5M75xas long as short
OKX SKY-USDT-SWAP+0.0100%4h0.07188−0.028%$875K$1.3M20xas long as short
Gate SKY_USDT+0.0100%4h0.07189−0.014%$617K$253K50xas long as short
Show all 18 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
MEXC SKY_USDT+0.0100%4h0.07201+0.152%$1.1M$279K100xas long as short
KuCoin SKYUSDTM+0.0100%4h0.07182−0.112%$442K$287K50xas long as short
Bitget SKYUSDT+0.0100%4h0.07201+0.152%$3.0M$2.0M75xas long as short
BingX SKY-USDT+0.0100%4h0.07195+0.069%$2.4Mas long as short
ApeX Omni SKYUSDT+0.0100%1h0.07202+0.166%$20K$683K50xas long as short
Orderly PERP_SKY_USDC_mythos+0.0100%4h0.07203+0.175%$699$2K10xas long as short
Hyperliquid SKY+0.0397%1h0.07211+0.299%$3.0M$905K3xas long as short
GMX SKY/USD [ETH-USDC]L +0.0534% / S −0.0248%1h0.07201+0.148%$85K50xas long as short