Funding arb · Price arb /

SKY

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Bitget against Aster+0.027%7-day average — · you sell dearer than you buy

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

Long on Aster Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days+0.076%+$8 on $10k

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

Together, before fees—+ Points / potential airdropAster: Stage 5 · farm boardneeds both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bitget is 0.027% dearer against Aster than usual: you sell high and buy low, +$3 on $10k if it goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster SKYUSDT	0.06857	0.0100	pay 0.0050% / 4h	3h 57m	$41K	$42K	20x
Short	Bitget SKYUSDT	0.06859	0.0100	get 0.0050% / 4h	3h 57m	$2.8M	$1.5M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against Aster. 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 AsterbpFee BitgetbpOrdersPrice spread, now +0.027%Rate

Funding earned: $0
Price spread: +0.027% → 0.000%: $2.7
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$17.3
Costs to cover: 0.200%
Break-even: never at this rate

Slippage unknown: Aster: no order-book sample; Bitget: live order book, 5 min ago. 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 Aster no order-book sample	—	—	—	—	—
Sell Bitget live order book, 5 min ago	5.12 bp	20.9 bp −$21	60.5 bp −$605	doesn't fit	doesn't fit

Aster: 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
Injective SKY/USDC PERP	−0.0269%	1h	0.06893	+0.523%	$376	$303K	12x	as long as short
Variational Omni SKY	−0.0146%	4h	0.06830	−0.391%	$182K	$113K	—	as long as short
BloFin SKY-USDT	+0.0065%	4h	0.06841	−0.235%	$581K	$29K	75x	as long as short
Lighter SKY	+0.0096%	1h	0.06850	−0.107%	$179K	$139K	10x	as long as short
Nado SKY-PERP	+0.0100%	1h	0.06837	−0.294%	$75K	$31K	5x	as long as short
Hyperliquid SKY	+0.0100%	1h	0.06867	+0.141%	$2.8M	$913K	3x	as long as short
Aster SKYUSDTlong	+0.0100%	4h	0.06857	long leg	$41K	$42K	20x
Binance SKYUSDT	+0.0100%	4h	0.06862	+0.074%	$15.7M	$11.0M	75x	as long as short
Bybit SKYUSDT	+0.0100%	4h	0.06849	−0.119%	$7.2M	$3.2M	25x	as long as short
OKX SKY-USDT-SWAP	+0.0100%	4h	0.06853	−0.060%	$817K	$1.1M	20x	as long as short

Show all 18 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate SKY_USDT	+0.0100%	4h	0.06850	−0.104%	$593K	$268K	50x	as long as short
MEXC SKY_USDT	+0.0100%	4h	0.06859	+0.027%	$1.0M	$263K	100x	as long as short
KuCoin SKYUSDTM	+0.0100%	4h	0.06857	−0.002%	$403K	$291K	50x	as long as short
Bitget SKYUSDTshort	+0.0100%	4h	0.06859	+0.027%	$2.8M	$1.5M	75x
BingX SKY-USDT	+0.0100%	4h	0.06860	+0.042%	—	$2.4M	—	as long as short
ApeX Omni SKYUSDT	+0.0100%	1h	0.06841	−0.235%	$27K	$657K	50x	as long as short
Orderly PERP_SKY_USDC_mythos	+0.0100%	4h	0.06844	−0.192%	$1K	$3K	10x	as long as short
GMX SKY/USD [ETH-USDC]	L +0.0520% / S −0.0248%	1h	0.06841	−0.241%	$81K	—	50x	as long as short