Funding arb · Price arb /

SKY

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: KuCoin against ApeX Omni+0.015%7-day average −0.101% · you sell dearer than you buy

Net, funding: paid 7d − costs−$571as in the Funding arb table

Net, price: spread back to 7d avg − costs−$571as in the Price arb table

costs, in and out, $10k−$5835.826% of the position

Long on ApeX Omni Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.114%+$11 on $10k

Price spread, last 4 days (all we have)−0.587%−$59 · spread now +0.015%, 7d avg −0.101%

Together, before fees−0.473%−$47 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: KuCoin is 0.115% dearer against ApeX Omni than usual: you sell high and buy low, +$12 on $10k if it goes back to its 7-day average of −0.101%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni SKYUSDT	0.06852	0.0100	pay 0.0013% / 1h	51m 09s	$26K	$646K	50x
Short	KuCoin SKYUSDTM	0.06853	0.0100	get 0.0050% / 4h	1h 51m	$401K	$292K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against ApeX 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

Position, each leg$Hold fordaysFee ApeX OmnibpFee KuCoinbpOrdersPrice spread, now +0.015%Rate

Funding earned: $0
Price spread: +0.015% → −0.101%: $11.52
Slippage, 4 orders: −$560.64
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$571.12
Costs to cover: 5.826%
Break-even: never at this rate

Slippage from ApeX Omni: live order book, 57 min ago; KuCoin: live order book, 67 min ago.

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 ApeX Omni live order book, 57 min ago	6.54 bp	14.1 bp −$14	103.3 bp −$1,033	doesn't fit	doesn't fit
Sell KuCoin live order book, 67 min ago	32.82 bp	275.4 bp −$275	444.1 bp −$4,441	doesn't fit	doesn't fit

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
Injective SKY/USDC PERP	+0.0033%	1h	0.06893	+0.598%	$376	$303K	12x	as long as short
BloFin SKY-USDT	+0.0067%	4h	0.06848	−0.058%	$582K	$29K	75x	as long as short
Lighter SKY	+0.0096%	1h	0.06850	−0.029%	$179K	$117K	10x	as long as short
Variational Omni SKY	+0.0100%	4h	0.06855	+0.048%	$183K	$98K	—	as long as short
Nado SKY-PERP	+0.0100%	1h	0.06845	−0.095%	$71K	$31K	5x	as long as short
Aster SKYUSDT	+0.0100%	4h	0.06852	−0.005%	$42K	$44K	20x	as long as short
Binance SKYUSDT	+0.0100%	4h	0.06852	−0.005%	$15.6M	$11.1M	75x	as long as short
Bybit SKYUSDT	+0.0100%	4h	0.06845	−0.102%	$7.1M	$3.0M	25x	as long as short
OKX SKY-USDT-SWAP	+0.0100%	4h	0.06848	−0.058%	$799K	$1.2M	20x	as long as short
Gate SKY_USDT	+0.0100%	4h	0.06849	−0.044%	$587K	$285K	50x	as long as short

Show all 18 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC SKY_USDT	+0.0100%	4h	0.06851	−0.015%	$1.0M	$265K	100x	as long as short
KuCoin SKYUSDTMshort	+0.0100%	4h	0.06853	+0.015%	$401K	$292K	50x
Bitget SKYUSDT	+0.0100%	4h	0.06851	−0.015%	$2.8M	$1.4M	75x	as long as short
BingX SKY-USDT	+0.0100%	4h	0.06850	−0.029%	—	$2.4M	—	as long as short
ApeX Omni SKYUSDTlong	+0.0100%	1h	0.06852	long leg	$26K	$646K	50x
Orderly PERP_SKY_USDC_mythos	+0.0100%	4h	0.06852	−0.006%	$1K	$3K	10x	as long as short
Hyperliquid SKY	+0.0111%	1h	0.06865	+0.196%	$2.8M	$884K	3x	as long as short
GMX SKY/USD [ETH-USDC]	L +0.0522% / S −0.0248%	1h	0.06850	−0.036%	$81K	—	50x	as long as short