Funding arb · Price arb /

SKY

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Swap Backtest

Alert: funding

Alert: spread

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

Price spread now: KuCoin against Binance0.000%7-day average −0.101% · you sell dearer than you buy

Net, funding: paid 7d − costs−$360as in the Funding arb table

Net, price: spread back to 7d avg − costs−$350as in the Price arb table

costs, in and out, $10k−$3603.596% of the position

Long on Binance Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days0.000%$0 on $10k

Price spread, last 4 days (all we have)−0.366%−$37 · spread now 0.000%, 7d avg −0.101%

Together, before fees−0.366%−$37 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: KuCoin is 0.101% dearer against Binance than usual: you sell high and buy low, +$10 on $10k if it goes back to its 7-day average of −0.101%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance SKYUSDT	0.07088	0.0100	pay 0.0050% / 4h	42m 03s	$16.1M	$10.4M	75x
Short	KuCoin SKYUSDTM	0.07088	0.0100	get 0.0050% / 4h	42m 03s	$424K	$290K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now 0.000%Rate

Funding earned: $0
Price spread: 0.000% → −0.101%: $10.12
Slippage, 4 orders: −$337.64
Fee Binance: 5 bp × 2 orders: −$10
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$349.52
Costs to cover: 3.596%
Break-even: never at this rate

Slippage from Binance: live order book, 14 min ago; KuCoin: live order book, 20 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	1.40 bp	13.0 bp −$13	46.1 bp −$461	328.0 bp −$32.8K	doesn't fit
Sell KuCoin live order book, 20 min ago	18.32 bp	167.8 bp −$168	193.3 bp −$1,933	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	−0.0557%	4h	0.07104	+0.220%	$195K	$104K	—	as long as short
Bybit SKYUSDT	−0.0226%	4h	0.07080	−0.113%	$7.7M	$3.4M	25x	as long as short
BloFin SKY-USDT	+0.0049%	4h	0.07101	+0.183%	$591K	$29K	75x	as long as short
Lighter SKY	+0.0096%	1h	0.07093	+0.071%	$186K	$155K	10x	as long as short
Nado SKY-PERP	+0.0100%	1h	0.07091	+0.049%	$70K	$25K	5x	as long as short
Aster SKYUSDT	+0.0100%	4h	0.07101	+0.178%	$43K	$43K	20x	as long as short
Binance SKYUSDTlong	+0.0100%	4h	0.07088	long leg	$16.1M	$10.4M	75x
OKX SKY-USDT-SWAP	+0.0100%	4h	0.07087	−0.014%	$853K	$1.3M	20x	as long as short
Gate SKY_USDT	+0.0100%	4h	0.07096	+0.113%	$605K	$255K	50x	as long as short
MEXC SKY_USDT	+0.0100%	4h	0.07092	+0.056%	$1.1M	$285K	100x	as long as short

Show all 18 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin SKYUSDTMshort	+0.0100%	4h	0.07088	0.000%	$424K	$290K	50x
Bitget SKYUSDT	+0.0100%	4h	0.07094	+0.085%	$2.9M	$2.0M	75x	as long as short
BingX SKY-USDT	+0.0100%	4h	0.07092	+0.056%	—	$2.4M	—	as long as short
ApeX Omni SKYUSDT	+0.0100%	1h	0.07110	+0.310%	$20K	$682K	50x	as long as short
Orderly PERP_SKY_USDC_mythos	+0.0100%	4h	0.07094	+0.089%	$1K	$2K	10x	as long as short
Hyperliquid SKY	+0.0148%	1h	0.07104	+0.219%	$3.0M	$927K	3x	as long as short
Injective SKY/USDC PERP	+0.0158%	1h	0.07172	+1.185%	$392	$303K	12x	as long as short
GMX SKY/USD [ETH-USDC]	L +0.0527% / S −0.0248%	1h	0.07090	+0.031%	$84K	—	50x	as long as short