Funding arb · Price arb /

SKY

all SKY markets

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: Gate against Bitget−0.014%7-day average −0.073% · you buy dearer than you sell

Net, funding: paid 7d − costs−$250as in the Funding arb table

Net, price: spread back to 7d avg − costs−$227as in the Price arb table

costs, in and out, $10k−$2332.331% of the position

Long on Bitget Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.173%−$17 on $10k

Price spread, last 4 days (all we have)+0.058%+$6 · spread now −0.014%, 7d avg −0.073%

Together, before fees−0.115%−$12 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: Gate is 0.059% dearer against Bitget than usual: you sell high and buy low, +$6 on $10k if it goes back to its 7-day average of −0.073%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget SKYUSDT	0.07158	0.0100	pay 0.0050% / 4h	1h 33m	$3.0M	$2.0M	75x
Short	Gate SKY_USDT	0.07157	0.0100	get 0.0050% / 4h	1h 33m	$614K	$252K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now −0.014%Rate

Funding earned: $0
Price spread: −0.014% → −0.073%: $5.86
Slippage, 4 orders: −$206.1
Fee Bitget: 6 bp × 2 orders: −$12
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$227.24
Costs to cover: 2.331%
Break-even: never at this rate

Slippage from Bitget: live order book, 4 min ago; Gate: live order book, 47 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, 4 min ago	5.59 bp	19.8 bp −$20	45.3 bp −$453	doesn't fit	doesn't fit
Sell Gate live order book, 47 min ago	8.34 bp	105.6 bp −$106	doesn't fit	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	−0.0515%	4h	0.07152	−0.081%	$196K	$104K	—	as long as short
Bybit SKYUSDT	−0.0214%	4h	0.07147	−0.154%	$7.8M	$3.3M	25x	as long as short
Injective SKY/USDC PERP	+0.0014%	1h	0.07172	+0.196%	$392	$303K	12x	as long as short
Nado SKY-PERP	+0.0026%	1h	0.07158	+0.007%	$71K	$25K	5x	as long as short
BloFin SKY-USDT	+0.0048%	4h	0.07170	+0.168%	$602K	$32K	75x	as long as short
Lighter SKY	+0.0096%	1h	0.07159	+0.017%	$188K	$163K	10x	as long as short
Aster SKYUSDT	+0.0100%	4h	0.07158	+0.003%	$43K	$36K	20x	as long as short
Binance SKYUSDT	+0.0100%	4h	0.07160	+0.028%	$16.4M	$9.6M	75x	as long as short
OKX SKY-USDT-SWAP	+0.0100%	4h	0.07152	−0.084%	$856K	$1.3M	20x	as long as short
Gate SKY_USDTshort	+0.0100%	4h	0.07157	−0.014%	$614K	$252K	50x

Show all 18 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC SKY_USDT	+0.0100%	4h	0.07160	+0.028%	$1.1M	$284K	100x	as long as short
KuCoin SKYUSDTM	+0.0100%	4h	0.07145	−0.182%	$438K	$282K	50x	as long as short
Bitget SKYUSDTlong	+0.0100%	4h	0.07158	long leg	$3.0M	$2.0M	75x
BingX SKY-USDT	+0.0100%	4h	0.07152	−0.084%	—	$2.4M	—	as long as short
ApeX Omni SKYUSDT	+0.0100%	1h	0.07176	+0.251%	$20K	$686K	50x	as long as short
Orderly PERP_SKY_USDC_mythos	+0.0100%	4h	0.07158	+0.004%	$694	$2K	10x	as long as short
Hyperliquid SKY	+0.0341%	1h	0.07170	+0.169%	$3.0M	$906K	3x	as long as short
GMX SKY/USD [ETH-USDC]	L +0.0531% / S −0.0248%	1h	0.07155	−0.046%	$85K	—	50x	as long as short