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 Bitget+0.056%7-day average −0.033% · you sell dearer than you buy

Net, funding: paid 7d − costs−$875as in the Funding arb table

Net, price: spread back to 7d avg − costs−$866as in the Price arb table

costs, in and out, $10k−$8758.752% of the position

Long on Bitget 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)+0.031%+$3 · spread now +0.056%, 7d avg −0.033%

Together, before fees+0.031%+$3 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 0.089% dearer against Bitget than usual: you sell high and buy low, +$9 on $10k if it goes back to its 7-day average of −0.033%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget SKYUSDT	0.07102	0.0100	pay 0.0050% / 4h	1h 03m	$2.9M	$2.1M	75x
Short	KuCoin SKYUSDTM	0.07106	0.0100	get 0.0050% / 4h	1h 03m	$430K	$289K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now +0.056%Rate

Funding earned: $0
Price spread: +0.056% → −0.033%: $8.89
Slippage, 4 orders: −$851.22
Fee Bitget: 6 bp × 2 orders: −$12
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$866.33
Costs to cover: 8.752%
Break-even: never at this rate

Slippage from Bitget: live order book, 9 min ago; KuCoin: live order book, 68 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, 9 min ago	4.24 bp	21.2 bp −$21	50.5 bp −$505	doesn't fit	doesn't fit
Sell KuCoin live order book, 68 min ago	37.53 bp	580.7 bp −$581	732.7 bp −$7,327	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	−0.0652%	4h	0.07080	−0.316%	$194K	$104K	—	as long as short
Bybit SKYUSDT	−0.0240%	4h	0.07098	−0.056%	$7.7M	$3.4M	25x	as long as short
Injective SKY/USDC PERP	+0.0014%	1h	0.07172	+0.986%	$392	$303K	12x	as long as short
Nado SKY-PERP	+0.0081%	1h	0.07103	+0.011%	$70K	$26K	5x	as long as short
Lighter SKY	+0.0096%	1h	0.07104	+0.035%	$186K	$163K	10x	as long as short
Aster SKYUSDT	+0.0100%	4h	0.07105	+0.035%	$43K	$36K	20x	as long as short
Binance SKYUSDT	+0.0100%	4h	0.07103	+0.015%	$16.2M	$10.3M	75x	as long as short
OKX SKY-USDT-SWAP	+0.0100%	4h	0.07096	−0.084%	$855K	$1.3M	20x	as long as short
Gate SKY_USDT	+0.0100%	4h	0.07100	−0.028%	$606K	$261K	50x	as long as short
MEXC SKY_USDT	+0.0100%	4h	0.07107	+0.070%	$1.1M	$290K	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	0.07106	+0.056%	$430K	$289K	50x
Bitget SKYUSDTlong	+0.0100%	4h	0.07102	long leg	$2.9M	$2.1M	75x
BingX SKY-USDT	+0.0100%	4h	0.07100	−0.028%	—	$2.4M	—	as long as short
ApeX Omni SKYUSDT	+0.0100%	1h	0.07083	−0.268%	$20K	$684K	50x	as long as short
Orderly PERP_SKY_USDC_mythos	+0.0100%	4h	0.07106	+0.062%	$1K	$2K	10x	as long as short
BloFin SKY-USDT	+0.0138%	4h	0.07103	+0.014%	$594K	$29K	75x	as long as short
Hyperliquid SKY	+0.0314%	1h	0.07112	+0.138%	$3.0M	$928K	3x	as long as short
GMX SKY/USD [ETH-USDC]	L +0.0529% / S −0.0248%	1h	0.07109	+0.104%	$84K	—	50x	as long as short