Funding arb · Price arb /

SKY

all SKY markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: BingX against Gate−0.131%7-day average +0.075% · you buy dearer than you sell

Net, funding: paid 7d − costs−$191as in the Funding arb table

Net, price: spread back to 7d avg − costs−$229as in the Price arb table

costs, in and out, $10k−$2092.087% of the position

Long on Gate Short on BingX

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)+0.187%+$19 · spread now −0.131%, 7d avg +0.075%

Together, before fees+0.360%+$36 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: BingX is 0.205% cheaper against Gate than usual: you would sell low and buy high, −$21 on $10k if it goes back to its 7-day average of +0.075%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate SKY_USDT	0.06890	0.0100	pay 0.0050% / 4h	3h 49m	$596K	$269K	50x
Short	BingX SKY-USDT	0.06881	0.0100	get 0.0050% / 4h	3h 49m	—	$2.4M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against Gate. 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 GatebpFee BingXbpOrdersPrice spread, now −0.131%Rate

Funding earned: $0
Price spread: −0.131% → +0.075%: −$20.51
Slippage, 4 orders: −$183.74
Fee Gate: 7.5 bp × 2 orders: −$15
Fee BingX: 5 bp × 2 orders: −$10
Net: −$229.25
Costs to cover: 2.087%
Break-even: never at this rate

Slippage from Gate: live order book, 2 min ago; BingX: live order book, 10 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 Gate live order book, 2 min ago	5.81 bp	88.1 bp −$88	doesn't fit	doesn't fit	doesn't fit
Sell BingX live order book, 10 min ago	3.66 bp	18.3 bp −$18	61.6 bp −$616	242.6 bp −$24.3K	825.5 bp −$412.7K

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	−0.0269%	1h	0.06893	+0.044%	$376	$303K	12x	as long as short
Variational Omni SKY	−0.0085%	4h	0.06885	−0.068%	$184K	$113K	—	as long as short
Lighter SKY	+0.0096%	1h	0.06884	−0.089%	$179K	$139K	10x	as long as short
Nado SKY-PERP	+0.0100%	1h	0.06883	−0.102%	$76K	$31K	5x	as long as short
Hyperliquid SKY	+0.0100%	1h	0.06890	+0.006%	$2.8M	$913K	3x	as long as short
Aster SKYUSDT	+0.0100%	4h	0.06889	−0.011%	$42K	$42K	20x	as long as short
Binance SKYUSDT	+0.0100%	4h	0.06882	−0.116%	$15.7M	$11.0M	75x	as long as short
Bybit SKYUSDT	+0.0100%	4h	0.06877	−0.189%	$7.2M	$3.2M	25x	as long as short
OKX SKY-USDT-SWAP	+0.0100%	4h	0.06876	−0.203%	$820K	$1.1M	20x	as long as short
Gate SKY_USDTlong	+0.0100%	4h	0.06890	long leg	$596K	$269K	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	0.06883	−0.102%	$1.0M	$264K	100x	as long as short
KuCoin SKYUSDTM	+0.0100%	4h	0.06877	−0.189%	$405K	$291K	50x	as long as short
Bitget SKYUSDT	+0.0100%	4h	0.06878	−0.174%	$2.8M	$1.5M	75x	as long as short
BingX SKY-USDTshort	+0.0100%	4h	0.06881	−0.131%	—	$2.4M	—
ApeX Omni SKYUSDT	+0.0100%	1h	0.06888	−0.029%	$27K	$652K	50x	as long as short
Orderly PERP_SKY_USDC_mythos	+0.0100%	4h	0.06887	−0.042%	$1K	$3K	10x	as long as short
BloFin SKY-USDT	+0.0136%	4h	0.06882	−0.116%	$582K	$29K	75x	as long as short
GMX SKY/USD [ETH-USDC]	L +0.0522% / S −0.0248%	1h	0.06878	−0.180%	$81K	—	50x	as long as short