Funding arb · Price arb /

SKY

all SKY markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: MEXC against Gate+0.085%7-day average +0.123% · you sell dearer than you buy

Net, funding: paid 7d − costs−$173as in the Funding arb table

Net, price: spread back to 7d avg − costs−$194as in the Price arb table

costs, in and out, $10k−$1911.907% of the position

Long on Gate Short on MEXC

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)+0.012%+$1 · spread now +0.085%, 7d avg +0.123%

Together, before fees+0.185%+$19 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: MEXC is 0.038% cheaper against Gate than usual: you would sell low and buy high, −$4 on $10k if it goes back to its 7-day average of +0.123%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate SKY_USDT	0.07034	0.0100	pay 0.0050% / 4h	3h 29m	$591K	$265K	50x
Short	MEXC SKY_USDT	0.07040	0.0100	get 0.0050% / 4h	3h 29m	$1.0M	$283K	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now +0.085%Rate

Funding earned: $0
Price spread: +0.085% → +0.123%: −$3.78
Slippage, 4 orders: −$171.7
Fee Gate: 7.5 bp × 2 orders: −$15
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$194.48
Costs to cover: 1.907%
Break-even: never at this rate

Slippage from Gate: live order book, 42 min ago; MEXC: live order book, 2 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, 42 min ago	2.84 bp	76.5 bp −$76	doesn't fit	doesn't fit	doesn't fit
Sell MEXC live order book, 2 min ago	0.71 bp	8.7 bp −$9	62.3 bp −$623	280.0 bp −$28.0K	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	−0.0582%	4h	0.07032	−0.030%	$201K	$127K	—	as long as short
Bybit SKYUSDT	−0.0192%	4h	0.07034	0.000%	$7.6M	$3.5M	25x	as long as short
Injective SKY/USDC PERP	+0.0033%	1h	0.07172	+1.962%	$392	$303K	12x	as long as short
BloFin SKY-USDT	+0.0045%	4h	0.07044	+0.142%	$592K	$30K	75x	as long as short
Nado SKY-PERP	+0.0069%	1h	0.07040	+0.085%	$69K	$27K	5x	as long as short
Lighter SKY	+0.0096%	1h	0.07042	+0.107%	$190K	$171K	10x	as long as short
Hyperliquid SKY	+0.0100%	1h	0.07052	+0.253%	$2.9M	$899K	3x	as long as short
Aster SKYUSDT	+0.0100%	4h	0.07042	+0.119%	$42K	$44K	20x	as long as short
Binance SKYUSDT	+0.0100%	4h	0.07043	+0.128%	$16.2M	$10.8M	75x	as long as short
OKX SKY-USDT-SWAP	+0.0100%	4h	0.07041	+0.100%	$843K	$1.3M	20x	as long as short

Show all 18 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate SKY_USDTlong	+0.0100%	4h	0.07034	long leg	$591K	$265K	50x
MEXC SKY_USDTshort	+0.0100%	4h	0.07040	+0.085%	$1.0M	$283K	100x
KuCoin SKYUSDTM	+0.0100%	4h	0.07033	−0.014%	$412K	$291K	50x	as long as short
Bitget SKYUSDT	+0.0100%	4h	0.07041	+0.100%	$2.9M	$1.6M	75x	as long as short
BingX SKY-USDT	+0.0100%	4h	0.07037	+0.043%	—	$2.4M	—	as long as short
ApeX Omni SKYUSDT	+0.0100%	1h	0.07042	+0.114%	$24K	$680K	50x	as long as short
Orderly PERP_SKY_USDC_mythos	+0.0100%	4h	0.07043	+0.122%	$945	$3K	10x	as long as short
GMX SKY/USD [ETH-USDC]	L +0.0526% / S −0.0248%	1h	0.07040	+0.090%	$83K	—	50x	as long as short