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: OKX against Bitget−0.085%7-day average +0.005% · you buy dearer than you sell

Net, funding: paid 7d − costs−$102as in the Funding arb table

Net, price: spread back to 7d avg − costs−$110as in the Price arb table

costs, in and out, $10k−$1011.011% of the position

Long on Bitget 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+0.138%+$14 · spread now −0.085%, 7d avg +0.005%

Together, before fees+0.126%+$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 0.090% cheaper against Bitget than usual: you would sell low and buy high, −$9 on $10k if it goes back to its 7-day average of +0.005%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget SKYUSDT	0.07053	0.0100	pay 0.0050% / 4h	21m 34s	$2.9M	$1.6M	75x
Short	OKX SKY-USDT-SWAP	0.07047	0.0100	get 0.0050% / 4h	21m 34s	$848K	$1.3M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now −0.085%Rate

Funding earned: $0
Price spread: −0.085% → +0.005%: −$9.02
Slippage, 4 orders: −$79.1
Fee Bitget: 6 bp × 2 orders: −$12
Fee OKX: 5 bp × 2 orders: −$10
Net: −$110.12
Costs to cover: 1.011%
Break-even: never at this rate

Slippage from Bitget: live order book, 1 min ago; OKX: live order book, 5 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, 1 min ago	3.54 bp	12.2 bp −$12	57.1 bp −$571	doesn't fit	doesn't fit
Sell OKX live order book, 5 min ago	2.13 bp	36.2 bp −$36	471.6 bp −$4,716	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	−0.0681%	4h	0.07038	−0.217%	$194K	$104K	—	as long as short
Bybit SKYUSDT	−0.0258%	4h	0.07042	−0.156%	$7.6M	$3.3M	25x	as long as short
Nado SKY-PERP	+0.0062%	1h	0.07057	+0.060%	$70K	$25K	5x	as long as short
Lighter SKY	+0.0096%	1h	0.07055	+0.028%	$185K	$155K	10x	as long as short
Aster SKYUSDT	+0.0100%	4h	0.07055	+0.025%	$42K	$43K	20x	as long as short
Binance SKYUSDT	+0.0100%	4h	0.07055	+0.023%	$16.0M	$10.2M	75x	as long as short
OKX SKY-USDT-SWAPshort	+0.0100%	4h	0.07047	−0.085%	$848K	$1.3M	20x
Gate SKY_USDT	+0.0100%	4h	0.07044	−0.128%	$600K	$256K	50x	as long as short
MEXC SKY_USDT	+0.0100%	4h	0.07055	+0.028%	$1.1M	$286K	100x	as long as short
KuCoin SKYUSDTM	+0.0100%	4h	0.07056	+0.043%	$421K	$290K	50x	as long as short

Show all 18 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget SKYUSDTlong	+0.0100%	4h	0.07053	long leg	$2.9M	$1.6M	75x
BingX SKY-USDT	+0.0100%	4h	0.07046	−0.099%	—	$2.4M	—	as long as short
ApeX Omni SKYUSDT	+0.0100%	1h	0.07054	+0.014%	$19K	$678K	50x	as long as short
Orderly PERP_SKY_USDC_mythos	+0.0100%	4h	0.07058	+0.065%	$1K	$2K	10x	as long as short
BloFin SKY-USDT	+0.0131%	4h	0.07049	−0.057%	$590K	$29K	75x	as long as short
Injective SKY/USDC PERP	+0.0158%	1h	0.07172	+1.687%	$392	$303K	12x	as long as short
Hyperliquid SKY	+0.0202%	1h	0.07066	+0.180%	$3.0M	$890K	3x	as long as short
GMX SKY/USD [ETH-USDC]	L +0.0527% / S −0.0248%	1h	0.07056	+0.037%	$84K	—	50x	as long as short