Funding arb · Price arb /

SKY

all SKY markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: OKX against ApeX Omni+0.146%7-day average −0.106% · you sell dearer than you buy

Net, funding: paid 7d − costs−$89as in the Funding arb table

Net, price: spread back to 7d avg − costs−$74as in the Price arb table

costs, in and out, $10k−$990.991% of the position

Long on ApeX Omni Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.103%+$10 on $10k

Price spread, last 4 days (all we have)−0.606%−$61 · spread now +0.146%, 7d avg −0.106%

Together, before fees−0.503%−$50 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: OKX is 0.252% dearer against ApeX Omni than usual: you sell high and buy low, +$25 on $10k if it goes back to its 7-day average of −0.106%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni SKYUSDT	0.06854	0.0100	pay 0.0013% / 1h	13m 12s	$27K	$659K	50x
Short	OKX SKY-USDT-SWAP	0.06864	0.0100	get 0.0050% / 4h	13m 12s	$819K	$1.1M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now +0.146%Rate

Funding earned: $0
Price spread: +0.146% → −0.106%: $25.22
Slippage, 4 orders: −$79.1
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee OKX: 5 bp × 2 orders: −$10
Net: −$73.88
Costs to cover: 0.991%
Break-even: never at this rate

Slippage from ApeX Omni: live order book, 45 min ago; OKX: live order book, 3 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, 45 min ago	6.53 bp	14.1 bp −$14	106.6 bp −$1,066	doesn't fit	doesn't fit
Sell OKX live order book, 3 min ago	0.73 bp	34.5 bp −$35	465.3 bp −$4,653	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
Variational Omni SKY	−0.0185%	4h	0.06841	−0.185%	$183K	$113K	—	as long as short
Injective SKY/USDC PERP	+0.0033%	1h	0.06893	+0.569%	$376	$303K	12x	as long as short
Lighter SKY	+0.0096%	1h	0.06868	+0.212%	$179K	$177K	10x	as long as short
Bybit SKYUSDT	+0.0096%	4h	0.06861	+0.102%	$7.2M	$3.2M	25x	as long as short
Nado SKY-PERP	+0.0100%	1h	0.06862	+0.124%	$73K	$30K	5x	as long as short
Aster SKYUSDT	+0.0100%	4h	0.06868	+0.198%	$41K	$42K	20x	as long as short
Binance SKYUSDT	+0.0100%	4h	0.06872	+0.259%	$15.7M	$10.9M	75x	as long as short
OKX SKY-USDT-SWAPshort	+0.0100%	4h	0.06864	+0.146%	$819K	$1.1M	20x
Gate SKY_USDT	+0.0100%	4h	0.06861	+0.102%	$594K	$273K	50x	as long as short
MEXC SKY_USDT	+0.0100%	4h	0.06872	+0.263%	$1.0M	$265K	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	0.06862	+0.117%	$404K	$291K	50x	as long as short
Bitget SKYUSDT	+0.0100%	4h	0.06872	+0.263%	$2.8M	$1.5M	75x	as long as short
BingX SKY-USDT	+0.0100%	4h	0.06869	+0.219%	—	$2.4M	—	as long as short
ApeX Omni SKYUSDTlong	+0.0100%	1h	0.06854	long leg	$27K	$659K	50x
Orderly PERP_SKY_USDC_mythos	+0.0100%	4h	0.06872	+0.260%	$1K	$3K	10x	as long as short
BloFin SKY-USDT	+0.0160%	4h	0.06866	+0.175%	$584K	$29K	75x	as long as short
Hyperliquid SKY	+0.0332%	1h	0.06877	+0.340%	$2.8M	$912K	3x	as long as short
GMX SKY/USD [ETH-USDC]	L +0.0522% / S −0.0248%	1h	0.06869	+0.219%	$81K	—	50x	as long as short