Funding arb · Price arb /

SKY

all SKY markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Binance against Bitget+0.009%7-day average +0.059% · you sell dearer than you buy

Net, funding: paid 7d − costs−$75as in the Funding arb table

Net, price: spread back to 7d avg − costs−$80as in the Price arb table

costs, in and out, $10k−$750.746% of the position

Long on Bitget 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+0.004%$0 · spread now +0.009%, 7d avg +0.059%

Together, before fees+0.004%$0 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 0.050% cheaper against Bitget than usual: you would sell low and buy high, −$5 on $10k if it goes back to its 7-day average of +0.059%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget SKYUSDT	0.06771	0.0100	pay 0.0050% / 4h	3h 52m	$2.8M	$1.4M	75x
Short	Binance SKYUSDT	0.06772	0.0100	get 0.0050% / 4h	3h 52m	$15.3M	$11.2M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Bitget. 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 BitgetbpFee BinancebpOrdersPrice spread, now +0.009%Rate

Funding earned: $0
Price spread: +0.009% → +0.059%: −$4.98
Slippage, 4 orders: −$52.6
Fee Bitget: 6 bp × 2 orders: −$12
Fee Binance: 5 bp × 2 orders: −$10
Net: −$79.58
Costs to cover: 0.746%
Break-even: never at this rate

Slippage from Bitget: live order book, 5 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 Bitget live order book, 5 min ago	5.16 bp	17.0 bp −$17	57.5 bp −$575	doesn't fit	doesn't fit
Sell Binance live order book, 3 min ago	1.48 bp	18.9 bp −$19	58.7 bp −$587	306.7 bp −$30.7K	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	+1.802%	$376	$303K	12x	as long as short
Variational Omni SKY	+0.0079%	4h	0.06770	−0.009%	$181K	$98K	—	as long as short
Lighter SKY	+0.0096%	1h	0.06770	−0.019%	$178K	$105K	10x	as long as short
Nado SKY-PERP	+0.0100%	1h	0.06772	+0.011%	$68K	$32K	5x	as long as short
Hyperliquid SKY	+0.0100%	1h	0.06780	+0.137%	$2.8M	$865K	3x	as long as short
Aster SKYUSDT	+0.0100%	4h	0.06776	+0.074%	$41K	$44K	20x	as long as short
Binance SKYUSDTshort	+0.0100%	4h	0.06772	+0.009%	$15.3M	$11.2M	75x
Bybit SKYUSDT	+0.0100%	4h	0.06767	−0.059%	$7.1M	$3.2M	25x	as long as short
OKX SKY-USDT-SWAP	+0.0100%	4h	0.06765	−0.089%	$791K	$1.2M	20x	as long as short
Gate SKY_USDT	+0.0100%	4h	0.06761	−0.148%	$574K	$284K	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	0.06775	+0.059%	$1.0M	$265K	100x	as long as short
KuCoin SKYUSDTM	+0.0100%	4h	0.06777	+0.089%	$398K	$291K	50x	as long as short
Bitget SKYUSDTlong	+0.0100%	4h	0.06771	long leg	$2.8M	$1.4M	75x
BingX SKY-USDT	+0.0100%	4h	0.06771	0.000%	—	$2.5M	—	as long as short
ApeX Omni SKYUSDT	+0.0100%	1h	0.06775	+0.059%	$34K	$655K	50x	as long as short
Orderly PERP_SKY_USDC_mythos	+0.0100%	4h	0.06776	+0.075%	$1K	$3K	10x	as long as short
BloFin SKY-USDT	+0.0156%	4h	0.06768	−0.044%	$577K	$28K	75x	as long as short
GMX SKY/USD [ETH-USDC]	L +0.0519% / S −0.0248%	1h	0.06774	+0.050%	$80K	—	50x	as long as short