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

SKY

all SKY markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC−0.0066%/8h= −7.2% APRnext payment $0.33 per $10,000 · paid last 24h −0.078%
Price spread now: Variational Omni against Aster−0.221%7-day average · you buy dearer than you sell
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 4 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropAster: Stage 5 · Variational Omni: Active · farm boardneeds both histories
Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Variational Omni is 0.221% cheaper against Aster than usual: you would sell low and buy high (−$22 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongAster SKYUSDT0.068410.0100pay 0.0050% / 4h2h 14m$42K$42K20x
ShortVariational Omni SKY0.068260.0034get 0.0017% / 4h2h 14m$182K$113K

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Variational Omni 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

Funding earned
−$13.83
Price spread: −0.221% → 0.000%
−$22.07
Slippage, 4 orders
no order book: not counted
Fee Aster: 4 bp × 2 orders
−$8
Fee Variational Omni: 0 bp × 2 orders
$0
Net
−$43.91
Costs to cover
0.080%
Break-even
never at this rate
Slippage unknown: Aster: no order-book sample; Variational Omni: RFQ quote, 34 min ago. 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 Aster no order-book sample
Sell Variational Omni RFQ quote, 34 min ago5.82 bpdoesn't fit173.1 bp −$1,731doesn't fitdoesn'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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Injective SKY/USDC PERP+0.0033%1h0.06893+0.753%$376$303K12xas long as short
Variational Omni SKYshort+0.0034%4h0.06826−0.221%$182K$113K
BloFin SKY-USDT+0.0051%4h0.06839−0.036%$577K$29K75xas long as short
Lighter SKY+0.0096%1h0.06841−0.008%$179K$119K10xas long as short
Nado SKY-PERP+0.0100%1h0.06835−0.098%$71K$34K5xas long as short
Hyperliquid SKY+0.0100%1h0.06850+0.128%$2.8M$898K3xas long as short
Aster SKYUSDTlong+0.0100%4h0.06841long leg$42K$42K20x
Binance SKYUSDT+0.0100%4h0.06842+0.012%$15.6M$11.1M75xas long as short
Bybit SKYUSDT+0.0100%4h0.06835−0.095%$7.1M$3.0M25xas long as short
OKX SKY-USDT-SWAP+0.0100%4h0.06836−0.080%$804K$1.1M20xas long as short
Show all 18 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Gate SKY_USDT+0.0100%4h0.06825−0.241%$581K$293K50xas long as short
MEXC SKY_USDT+0.0100%4h0.06843+0.022%$1.0M$268K100xas long as short
KuCoin SKYUSDTM+0.0100%4h0.06841−0.007%$401K$292K50xas long as short
Bitget SKYUSDT+0.0100%4h0.06840−0.022%$2.8M$1.5M75xas long as short
BingX SKY-USDT+0.0100%4h0.06839−0.036%$2.4Mas long as short
ApeX Omni SKYUSDT+0.0100%1h0.06839−0.036%$27K$647K50xas long as short
Orderly PERP_SKY_USDC_mythos+0.0100%4h0.06840−0.016%$1K$3K10xas long as short
GMX SKY/USD [ETH-USDC]L +0.0521% / S −0.0248%1h0.06839−0.038%$81K50xas long as short