Funding arb · Price arb /

SKY

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.002%

Price spread now: Nado against KuCoin+0.058%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on KuCoin Short on Nado

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropNado: Active · farm boardneeds both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Nado is 0.058% dearer against KuCoin than usual: you sell high and buy low, +$6 on $10k if it goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin SKYUSDTM	0.06868	0.0100	pay 0.0050% / 4h	3h 14m	$404K	$292K	50x
Short	Nado SKY-PERP	0.06872	0.0100	get 0.0012% / 1h	14m 50s	$76K	$32K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado 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 NadobpOrdersPrice spread, now +0.058%Rate

Funding earned: $0
Price spread: +0.058% → 0.000%: $5.82
Slippage, 4 orders: no order book: not counted
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Nado: 3.5 bp × 2 orders: −$7
Net: −$13.18
Costs to cover: 0.190%
Break-even: never at this rate

Slippage unknown: KuCoin: live order book, 58 min ago; Nado: 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

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy KuCoin live order book, 58 min ago	21.11 bp	183.5 bp −$183	246.0 bp −$2,460	doesn't fit	doesn't fit
Sell Nado no order-book sample	—	—	—	—	—

Nado: 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.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Injective SKY/USDC PERP	−0.0269%	1h	0.06893	+0.364%	$376	$303K	12x	as long as short
Variational Omni SKY	−0.0020%	4h	0.06865	−0.039%	$183K	$113K	—	as long as short
BloFin SKY-USDT	+0.0052%	4h	0.06872	+0.058%	$583K	$29K	75x	as long as short
Lighter SKY	+0.0096%	1h	0.06870	+0.031%	$179K	$139K	10x	as long as short
Nado SKY-PERPshort	+0.0100%	1h	0.06872	+0.058%	$76K	$32K	5x
Aster SKYUSDT	+0.0100%	4h	0.06870	+0.032%	$42K	$42K	20x	as long as short
Binance SKYUSDT	+0.0100%	4h	0.06871	+0.044%	$15.7M	$11.0M	75x	as long as short
Bybit SKYUSDT	+0.0100%	4h	0.06865	−0.044%	$7.2M	$3.2M	25x	as long as short
OKX SKY-USDT-SWAP	+0.0100%	4h	0.06870	+0.029%	$820K	$1.1M	20x	as long as short
Gate SKY_USDT	+0.0100%	4h	0.06866	−0.029%	$594K	$271K	50x	as long as short

Show all 18 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC SKY_USDT	+0.0100%	4h	0.06872	+0.058%	$1.0M	$266K	100x	as long as short
KuCoin SKYUSDTMlong	+0.0100%	4h	0.06868	long leg	$404K	$292K	50x
Bitget SKYUSDT	+0.0100%	4h	0.06870	+0.029%	$2.8M	$1.5M	75x	as long as short
BingX SKY-USDT	+0.0100%	4h	0.06871	+0.044%	—	$2.4M	—	as long as short
ApeX Omni SKYUSDT	+0.0100%	1h	0.06874	+0.087%	$27K	$650K	50x	as long as short
Orderly PERP_SKY_USDC_mythos	+0.0100%	4h	0.06873	+0.071%	$1K	$3K	10x	as long as short
Hyperliquid SKY	+0.0261%	1h	0.06882	+0.211%	$2.8M	$908K	3x	as long as short
GMX SKY/USD [ETH-USDC]	L +0.0523% / S −0.0248%	1h	0.06872	+0.052%	$81K	—	50x	as long as short