Funding arb · Price arb /

SKY

all SKY markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: ApeX Omni against Binance+0.055%7-day average +0.021% · you sell dearer than you buy

Net, funding: paid 7d − costs−$77as in the Funding arb table

Net, price: spread back to 7d avg − costs−$62as in the Price arb table

costs, in and out, $10k−$660.657% of the position

Long on Binance Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days−0.112%−$11 on $10k

Price spread, last 4 days (all we have)+0.723%+$72 · spread now +0.055%, 7d avg +0.021%

Together, before fees+0.611%+$61 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: ApeX Omni is 0.034% dearer against Binance than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of +0.021%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance SKYUSDT	0.06798	0.0100	pay 0.0050% / 4h	11m 11s	$15.4M	$11.0M	75x
Short	ApeX Omni SKYUSDT	0.06802	0.0100	get 0.0013% / 1h	11m 11s	$27K	$649K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against Binance. 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 BinancebpFee ApeX OmnibpOrdersPrice spread, now +0.055%Rate

Funding earned: $0
Price spread: +0.055% → +0.021%: $3.37
Slippage, 4 orders: −$45.73
Fee Binance: 5 bp × 2 orders: −$10
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$62.36
Costs to cover: 0.657%
Break-even: never at this rate

Slippage from Binance: live order book, 14 min ago; ApeX Omni: live order book, 27 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 Binance live order book, 14 min ago	0.74 bp	15.1 bp −$15	58.6 bp −$586	365.2 bp −$36.5K	doesn't fit
Sell ApeX Omni live order book, 27 min ago	6.63 bp	15.6 bp −$16	98.0 bp −$980	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	+1.394%	$376	$303K	12x	as long as short
Lighter SKY	+0.0096%	1h	0.06799	+0.008%	$179K	$107K	10x	as long as short
Nado SKY-PERP	+0.0100%	1h	0.06792	−0.092%	$69K	$31K	5x	as long as short
Aster SKYUSDT	+0.0100%	4h	0.06800	+0.028%	$41K	$44K	20x	as long as short
Binance SKYUSDTlong	+0.0100%	4h	0.06798	long leg	$15.4M	$11.0M	75x
Bybit SKYUSDT	+0.0100%	4h	0.06796	−0.033%	$7.2M	$3.2M	25x	as long as short
OKX SKY-USDT-SWAP	+0.0100%	4h	0.06796	−0.033%	$796K	$1.2M	20x	as long as short
Gate SKY_USDT	+0.0100%	4h	0.06791	−0.107%	$576K	$291K	50x	as long as short
MEXC SKY_USDT	+0.0100%	4h	0.06800	+0.026%	$1.0M	$275K	100x	as long as short
KuCoin SKYUSDTM	+0.0100%	4h	0.06802	+0.055%	$399K	$291K	50x	as long as short

Show all 18 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget SKYUSDT	+0.0100%	4h	0.06802	+0.055%	$2.8M	$1.4M	75x	as long as short
BingX SKY-USDT	+0.0100%	4h	0.06798	−0.004%	—	$2.5M	—	as long as short
Variational Omni SKY	+0.0100%	4h	0.06790	−0.115%	$181K	$98K	—	as long as short
ApeX Omni SKYUSDTshort	+0.0100%	1h	0.06802	+0.055%	$27K	$649K	50x
Orderly PERP_SKY_USDC_mythos	+0.0100%	4h	0.06800	+0.029%	$1K	$3K	10x	as long as short
BloFin SKY-USDT	+0.0107%	4h	0.06794	−0.063%	$576K	$28K	75x	as long as short
Hyperliquid SKY	+0.0138%	1h	0.06810	+0.180%	$2.8M	$862K	3x	as long as short
GMX SKY/USD [ETH-USDC]	L +0.0520% / S −0.0248%	1h	0.06800	+0.024%	$81K	—	50x	as long as short