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: Binance against KuCoin+0.409%7-day average +0.103% · you sell dearer than you buy

Net, funding: paid 7d − costs−$520as in the Funding arb table

Net, price: spread back to 7d avg − costs−$490as in the Price arb table

costs, in and out, $10k−$5205.205% of the position

Long on KuCoin Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days0.000%$0 on $10k

Price spread, last 4 days (all we have)+0.622%+$62 · spread now +0.409%, 7d avg +0.103%

Together, before fees+0.622%+$62 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: Binance is 0.306% dearer against KuCoin than usual: you sell high and buy low, +$31 on $10k if it goes back to its 7-day average of +0.103%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin SKYUSDTM	0.07250	0.0100	pay 0.0050% / 4h	3h 30m	$446K	$287K	50x
Short	Binance SKYUSDT	0.07280	0.0100	get 0.0050% / 4h	3h 30m	$16.8M	$9.5M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against KuCoin. 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 KuCoinbpFee BinancebpOrdersPrice spread, now +0.409%Rate

Funding earned: $0
Price spread: +0.409% → +0.103%: $30.62
Slippage, 4 orders: −$498.48
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Binance: 5 bp × 2 orders: −$10
Net: −$489.86
Costs to cover: 5.205%
Break-even: never at this rate

Slippage from KuCoin: live order book, 11 min ago; Binance: live order book, 14 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 KuCoin live order book, 11 min ago	52.49 bp	243.7 bp −$244	819.9 bp −$8,199	doesn't fit	doesn't fit
Sell Binance live order book, 14 min ago	1.38 bp	16.8 bp −$17	56.4 bp −$564	328.9 bp −$32.9K	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	−0.0547%	4h	0.07270	+0.270%	$209K	$94K	—	as long as short
Bybit SKYUSDT	+0.0090%	4h	0.07271	+0.290%	$8.1M	$3.3M	25x	as long as short
Lighter SKY	+0.0096%	1h	0.07286	+0.495%	$191K	$162K	10x	as long as short
Nado SKY-PERP	+0.0100%	1h	0.07281	+0.424%	$72K	$26K	5x	as long as short
Aster SKYUSDT	+0.0100%	4h	0.07282	+0.445%	$44K	$36K	20x	as long as short
Binance SKYUSDTshort	+0.0100%	4h	0.07280	+0.409%	$16.8M	$9.5M	75x
OKX SKY-USDT-SWAP	+0.0100%	4h	0.07274	+0.331%	$884K	$1.3M	20x	as long as short
Gate SKY_USDT	+0.0100%	4h	0.07276	+0.359%	$619K	$248K	50x	as long as short
MEXC SKY_USDT	+0.0100%	4h	0.07281	+0.428%	$1.1M	$276K	100x	as long as short
KuCoin SKYUSDTMlong	+0.0100%	4h	0.07250	long leg	$446K	$287K	50x

Show all 18 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget SKYUSDT	+0.0100%	4h	0.07281	+0.428%	$3.0M	$2.0M	75x	as long as short
BingX SKY-USDT	+0.0100%	4h	0.07274	+0.331%	—	$2.4M	—	as long as short
ApeX Omni SKYUSDT	+0.0100%	1h	0.07282	+0.441%	$20K	$684K	50x	as long as short
Orderly PERP_SKY_USDC_mythos	+0.0100%	4h	0.07286	+0.491%	$707	$2K	10x	as long as short
BloFin SKY-USDT	+0.0102%	4h	0.07278	+0.386%	$613K	$615K	75x	as long as short
Injective SKY/USDC PERP	+0.0163%	1h	0.07254	+0.055%	$396	$184K	12x	as long as short
Hyperliquid SKY	+0.0430%	1h	0.07288	+0.519%	$3.1M	$894K	3x	as long as short
GMX SKY/USD [ETH-USDC]	L +0.0534% / S −0.0248%	1h	0.07279	+0.400%	$86K	—	50x	as long as short