Funding arb · Price arb /

SKY

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.023%

Price spread now: Bybit against Aster−0.147%7-day average — · you buy dearer than you sell

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

Long on Aster Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.022%−$2 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: Bybit is 0.147% cheaper against Aster than usual: you would sell low and buy high, −$15 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	0.06783	0.0100	pay 0.0050% / 4h	3h 55m	$41K	$44K	20x
Short	Bybit SKYUSDT	0.06773	0.0100	get 0.0050% / 4h	3h 55m	$7.1M	$3.2M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now −0.147%Rate

Funding earned: $0
Price spread: −0.147% → 0.000%: −$14.74
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$33.74
Costs to cover: 0.190%
Break-even: never at this rate

Slippage unknown: Aster: no order-book sample; Bybit: live order book, 2 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 Bybit live order book, 2 min ago	0.74 bp	23.9 bp −$24	204.7 bp −$2,047	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	+0.0033%	1h	0.06893	+1.622%	$376	$303K	12x	as long as short
BloFin SKY-USDT	+0.0049%	4h	0.06785	+0.029%	$581K	$28K	75x	as long as short
Lighter SKY	+0.0096%	1h	0.06780	−0.050%	$178K	$105K	10x	as long as short
Variational Omni SKY	+0.0099%	4h	0.06778	−0.072%	$181K	$98K	—	as long as short
Nado SKY-PERP	+0.0100%	1h	0.06778	−0.077%	$69K	$31K	5x	as long as short
Hyperliquid SKY	+0.0100%	1h	0.06787	+0.065%	$2.8M	$864K	3x	as long as short
Aster SKYUSDTlong	+0.0100%	4h	0.06783	long leg	$41K	$44K	20x
Binance SKYUSDT	+0.0100%	4h	0.06778	−0.079%	$15.3M	$11.1M	75x	as long as short
Bybit SKYUSDTshort	+0.0100%	4h	0.06773	−0.147%	$7.1M	$3.2M	25x
OKX SKY-USDT-SWAP	+0.0100%	4h	0.06768	−0.221%	$793K	$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	0.06767	−0.236%	$574K	$284K	50x	as long as short
MEXC SKY_USDT	+0.0100%	4h	0.06779	−0.059%	$1.0M	$265K	100x	as long as short
KuCoin SKYUSDTM	+0.0100%	4h	0.06785	+0.029%	$398K	$291K	50x	as long as short
Bitget SKYUSDT	+0.0100%	4h	0.06773	−0.147%	$2.8M	$1.4M	75x	as long as short
BingX SKY-USDT	+0.0100%	4h	0.06778	−0.074%	—	$2.5M	—	as long as short
ApeX Omni SKYUSDT	+0.0100%	1h	0.06780	−0.044%	$27K	$649K	50x	as long as short
Orderly PERP_SKY_USDC_mythos	+0.0100%	4h	0.06780	−0.047%	$1K	$3K	10x	as long as short
GMX SKY/USD [ETH-USDC]	L +0.0519% / S −0.0248%	1h	0.06779	−0.063%	$80K	—	50x	as long as short