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: Bitget against Gate+0.098%7-day average +0.073% · you sell dearer than you buy

Net, funding: paid 7d − costs−$192as in the Funding arb table

Net, price: spread back to 7d avg − costs−$207as in the Price arb table

costs, in and out, $10k−$2092.093% of the position

Long on Gate Short on Bitget

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)−0.143%−$14 · spread now +0.098%, 7d avg +0.073%

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: Bitget is 0.026% dearer against Gate than usual: you sell high and buy low, +$3 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	Gate SKY_USDT	0.07119	0.0100	pay 0.0050% / 4h	52m 03s	$607K	$255K	50x
Short	Bitget SKYUSDT	0.07126	0.0100	get 0.0050% / 4h	52m 03s	$2.9M	$2.1M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now +0.098%Rate

Funding earned: $0
Price spread: +0.098% → +0.073%: $2.57
Slippage, 4 orders: −$182.35
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$206.78
Costs to cover: 2.093%
Break-even: never at this rate

Slippage from Gate: live order book, 24 min ago; Bitget: live order book, just now.

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, 24 min ago	4.24 bp	63.7 bp −$64	doesn't fit	doesn't fit	doesn't fit
Sell Bitget live order book, just now	5.62 bp	21.1 bp −$21	70.5 bp −$705	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	−0.0603%	4h	0.07097	−0.315%	$195K	$104K	—	as long as short
Bybit SKYUSDT	−0.0189%	4h	0.07117	−0.028%	$7.7M	$3.4M	25x	as long as short
BloFin SKY-USDT	+0.0082%	4h	0.07136	+0.239%	$594K	$29K	75x	as long as short
Lighter SKY	+0.0096%	1h	0.07126	+0.104%	$187K	$155K	10x	as long as short
Hyperliquid SKY	+0.0100%	1h	0.07136	+0.240%	$3.0M	$926K	3x	as long as short
Aster SKYUSDT	+0.0100%	4h	0.07133	+0.203%	$43K	$43K	20x	as long as short
Binance SKYUSDT	+0.0100%	4h	0.07125	+0.084%	$16.2M	$10.4M	75x	as long as short
OKX SKY-USDT-SWAP	+0.0100%	4h	0.07124	+0.070%	$857K	$1.3M	20x	as long as short
Gate SKY_USDTlong	+0.0100%	4h	0.07119	long leg	$607K	$255K	50x
MEXC SKY_USDT	+0.0100%	4h	0.07126	+0.098%	$1.1M	$285K	100x	as long as short

Show all 18 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin SKYUSDTM	+0.0100%	4h	0.07125	+0.084%	$429K	$290K	50x	as long as short
Bitget SKYUSDTshort	+0.0100%	4h	0.07126	+0.098%	$2.9M	$2.1M	75x
BingX SKY-USDT	+0.0100%	4h	0.07125	+0.084%	—	$2.4M	—	as long as short
ApeX Omni SKYUSDT	+0.0100%	1h	0.07114	−0.070%	$20K	$683K	50x	as long as short
Nado SKY-PERP	+0.0100%	1h	0.07128	+0.119%	$71K	$26K	5x	as long as short
Orderly PERP_SKY_USDC_mythos	+0.0100%	4h	0.07130	+0.155%	$1K	$2K	10x	as long as short
Injective SKY/USDC PERP	+0.0158%	1h	0.07172	+0.744%	$392	$303K	12x	as long as short
GMX SKY/USD [ETH-USDC]	L +0.0529% / S −0.0248%	1h	0.07126	+0.103%	$84K	—	50x	as long as short