Settings8H · net · $10k
Funding arb · Price arb /

SKY

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC−0.0116%/8h= −12.7% APRpaid last 24h −0.226%
Price spread now: Aster against Hyperliquid−0.190%7-day average · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 7 days−0.480%−$48 on $10k
Price spread, last 7 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropHyperliquid: Season 2 · Aster: Stage 5 · farm boardneeds both histories
Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Aster is 0.190% cheaper against Hyperliquid than usual: you would sell low and buy high (−$19 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHyperliquid SKY0.070630.0216pay 0.0027% / 1h5m 02s$3.0M$889K3x
ShortAster SKYUSDT0.070500.0100get 0.0050% / 4h5m 02s$42K$43K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Aster against Hyperliquid. 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

Funding earned
−$24.42
Price spread: −0.190% → 0.000%
−$18.98
Slippage, 4 orders
no order book: not counted
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Fee Aster: 4 bp × 2 orders
−$8
Net
−$60.4
Costs to cover
0.170%
Break-even
never at this rate
Slippage unknown: Hyperliquid: live order book, 6 min ago; Aster: no order-book sample. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Hyperliquid live order book, 6 min ago3.68 bp18.6 bp −$19doesn't fitdoesn't fitdoesn't fit
Sell Aster no order-book sample
Aster: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

SKY on 18 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Variational Omni SKY−0.0679%4h0.07035−0.397%$193K$104Kas long as short
Bybit SKYUSDT−0.0210%4h0.07041−0.313%$7.6M$3.3M25xas long as short
Nado SKY-PERP+0.0065%1h0.07045−0.256%$70K$25K5xas long as short
BloFin SKY-USDT+0.0090%4h0.07051−0.171%$586K$30K75xas long as short
Lighter SKY+0.0096%1h0.07053−0.146%$189K$160K10xas long as short
Aster SKYUSDTshort+0.0100%4h0.07050−0.190%$42K$43K20x
Binance SKYUSDT+0.0100%4h0.07051−0.168%$16.0M$10.2M75xas long as short
OKX SKY-USDT-SWAP+0.0100%4h0.07044−0.270%$849K$1.3M20xas long as short
Gate SKY_USDT+0.0100%4h0.07041−0.313%$603K$259K50xas long as short
MEXC SKY_USDT+0.0100%4h0.07050−0.185%$1.1M$288K100xas long as short
Show all 18 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
KuCoin SKYUSDTM+0.0100%4h0.07042−0.299%$420K$290K50xas long as short
Bitget SKYUSDT+0.0100%4h0.07048−0.214%$2.9M$1.6M75xas long as short
BingX SKY-USDT+0.0100%4h0.07049−0.200%$2.4Mas long as short
ApeX Omni SKYUSDT+0.0100%1h0.07044−0.270%$22K$679K50xas long as short
Orderly PERP_SKY_USDC_mythos+0.0100%4h0.07049−0.198%$1K$2K10xas long as short
Injective SKY/USDC PERP+0.0158%1h0.07172+1.542%$392$303K12xas long as short
Hyperliquid SKYlong+0.0216%1h0.07063long leg$3.0M$889K3x
GMX SKY/USD [ETH-USDC]L +0.0527% / S −0.0248%1h0.07050−0.181%$84K50xas long as short