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% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: OKX against Binance−0.119%7-day average −0.060% · you buy dearer than you sell

Net, funding: paid 7d − costs−$98as in the Funding arb table

Net, price: spread back to 7d avg − costs−$103as in the Price arb table

costs, in and out, $10k−$970.968% of the position

Long on Binance Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.012%−$1 on $10k

Price spread, last 7 days+0.137%+$14 · spread now −0.119%, 7d avg −0.060%

Together, before fees+0.125%+$13 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: OKX is 0.058% cheaper against Binance than usual: you would sell low and buy high, −$6 on $10k if it goes back to its 7-day average of −0.060%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance SKYUSDT	0.06869	0.0100	pay 0.0050% / 4h	1h 45m	$15.6M	$11.2M	75x
Short	OKX SKY-USDT-SWAP	0.06861	0.0100	get 0.0050% / 4h	1h 45m	$801K	$1.2M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now −0.119%Rate

Funding earned: $0
Price spread: −0.119% → −0.060%: −$5.85
Slippage, 4 orders: −$76.83
Fee Binance: 5 bp × 2 orders: −$10
Fee OKX: 5 bp × 2 orders: −$10
Net: −$102.67
Costs to cover: 0.968%
Break-even: never at this rate

Slippage from Binance: live order book, 10 min ago; OKX: live order book, 1 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, 10 min ago	2.19 bp	18.4 bp −$18	61.3 bp −$613	366.9 bp −$36.7K	doesn't fit
Sell OKX live order book, 1 min ago	2.92 bp	29.6 bp −$30	437.1 bp −$4,371	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	+0.347%	$376	$303K	12x	as long as short
Variational Omni SKY	+0.0052%	4h	0.06852	−0.253%	$183K	$98K	—	as long as short
BloFin SKY-USDT	+0.0083%	4h	0.06868	−0.017%	$584K	$29K	75x	as long as short
Lighter SKY	+0.0096%	1h	0.06862	−0.109%	$179K	$117K	10x	as long as short
Nado SKY-PERP	+0.0100%	1h	0.06860	−0.126%	$72K	$31K	5x	as long as short
Aster SKYUSDT	+0.0100%	4h	0.06866	−0.043%	$42K	$44K	20x	as long as short
Binance SKYUSDTlong	+0.0100%	4h	0.06869	long leg	$15.6M	$11.2M	75x
Bybit SKYUSDT	+0.0100%	4h	0.06861	−0.119%	$7.2M	$3.0M	25x	as long as short
OKX SKY-USDT-SWAPshort	+0.0100%	4h	0.06861	−0.119%	$801K	$1.2M	20x
Gate SKY_USDT	+0.0100%	4h	0.06854	−0.221%	$585K	$286K	50x	as long as short

Show all 18 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC SKY_USDT	+0.0100%	4h	0.06868	−0.017%	$1.0M	$266K	100x	as long as short
KuCoin SKYUSDTM	+0.0100%	4h	0.06867	−0.031%	$402K	$292K	50x	as long as short
Bitget SKYUSDT	+0.0100%	4h	0.06865	−0.061%	$2.8M	$1.4M	75x	as long as short
BingX SKY-USDT	+0.0100%	4h	0.06866	−0.046%	—	$2.4M	—	as long as short
ApeX Omni SKYUSDT	+0.0100%	1h	0.06861	−0.119%	$26K	$645K	50x	as long as short
Orderly PERP_SKY_USDC_mythos	+0.0100%	4h	0.06866	−0.050%	$1K	$3K	10x	as long as short
Hyperliquid SKY	+0.0137%	1h	0.06876	+0.105%	$2.8M	$885K	3x	as long as short
GMX SKY/USD [ETH-USDC]	L +0.0523% / S −0.0248%	1h	0.06871	+0.033%	$81K	—	50x	as long as short