Funding arb · Price arb /

SKY

all SKY markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Binance against BingX+0.081%7-day average +0.045% · you sell dearer than you buy

Net, funding: paid 7d − costs−$71as in the Funding arb table

Net, price: spread back to 7d avg − costs−$67as in the Price arb table

costs, in and out, $10k−$710.706% of the position

Long on BingX Short on Binance

What this pair did over the last

the charts below follow

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

Price spread, last 7 days−0.065%−$7 · spread now +0.081%, 7d avg +0.045%

Together, before fees−0.065%−$7 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: Binance is 0.037% dearer against BingX than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of +0.045%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX SKY-USDT	0.06954	0.0100	pay 0.0050% / 4h	2h 22m	—	$2.4M	—
Short	Binance SKYUSDT	0.06960	0.0100	get 0.0050% / 4h	2h 22m	$15.9M	$11.0M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against BingX. 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 BingXbpFee BinancebpOrdersPrice spread, now +0.081%Rate

Funding earned: $0
Price spread: +0.081% → +0.045%: $3.66
Slippage, 4 orders: −$50.62
Fee BingX: 5 bp × 2 orders: −$10
Fee Binance: 5 bp × 2 orders: −$10
Net: −$66.96
Costs to cover: 0.706%
Break-even: never at this rate

Slippage from BingX: live order book, 7 min ago; Binance: live order book, 3 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 BingX live order book, 7 min ago	4.33 bp	17.0 bp −$17	51.6 bp −$516	267.6 bp −$26.8K	975.0 bp −$487.5K
Sell Binance live order book, 3 min ago	1.43 bp	19.9 bp −$20	63.2 bp −$632	319.5 bp −$32.0K	doesn't fit

SKY on 17 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	−0.0423%	4h	0.06962	+0.113%	$186K	$126K	—	as long as short
Injective SKY/USDC PERP	+0.0033%	1h	0.07172	+3.135%	$392	$303K	12x	as long as short
Bybit SKYUSDT	+0.0062%	4h	0.06949	−0.072%	$7.4M	$3.3M	25x	as long as short
Lighter SKY	+0.0096%	1h	0.06954	+0.003%	$181K	$181K	10x	as long as short
Nado SKY-PERP	+0.0100%	1h	0.06959	+0.072%	$69K	$28K	5x	as long as short
Hyperliquid SKY	+0.0100%	1h	0.06967	+0.186%	$2.9M	$911K	3x	as long as short
Aster SKYUSDT	+0.0100%	4h	0.06961	+0.096%	$42K	$44K	20x	as long as short
Binance SKYUSDTshort	+0.0100%	4h	0.06960	+0.081%	$15.9M	$11.0M	75x
OKX SKY-USDT-SWAP	+0.0100%	4h	0.06949	−0.072%	$830K	$1.2M	20x	as long as short
Gate SKY_USDT	+0.0100%	4h	0.06953	−0.014%	$597K	$283K	50x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC SKY_USDT	+0.0100%	4h	0.06963	+0.129%	$1.1M	$278K	100x	as long as short
KuCoin SKYUSDTM	+0.0100%	4h	0.06960	+0.086%	$415K	$295K	50x	as long as short
Bitget SKYUSDT	+0.0100%	4h	0.06959	+0.072%	$2.9M	$1.6M	75x	as long as short
BingX SKY-USDTlong	+0.0100%	4h	0.06954	long leg	—	$2.4M	—
ApeX Omni SKYUSDT	+0.0100%	1h	0.06966	+0.173%	$28K	$668K	50x	as long as short
Orderly PERP_SKY_USDC_mythos	+0.0100%	4h	0.06960	+0.092%	$1K	$3K	10x	as long as short
GMX SKY/USD [ETH-USDC]	L +0.0524% / S −0.0248%	1h	0.06959	+0.068%	$82K	—	50x	as long as short