Funding arb · Price arb /

SKY

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.002%

Price spread now: Orderly against KuCoin+0.019%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 Orderly

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

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

Together, before fees—needs both histories

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin SKYUSDTM	0.06843	0.0100	pay 0.0050% / 4h	54m 48s	$401K	$292K	50x
Short	Orderly PERP_SKY_USDC_mythos	0.06844	0.0100	get 0.0050% / 4h	54m 48s	$1K	$3K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly 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 OrderlybpOrdersPrice spread, now +0.019%Rate

Funding earned: $0
Price spread: +0.019% → 0.000%: $1.9
Slippage, 4 orders: no order book: not counted
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Orderly: 3 bp × 2 orders: −$6
Net: −$16.1
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: KuCoin: live order book, 48 min ago; Orderly: 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, 48 min ago	34.98 bp	252.4 bp −$252	406.1 bp −$4,061	doesn't fit	doesn't fit
Sell Orderly no order-book sample	—	—	—	—	—

Orderly: 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	+0.0033%	1h	0.06893	+0.731%	$376	$303K	12x	as long as short
BloFin SKY-USDT	+0.0061%	4h	0.06839	−0.058%	$580K	$31K	75x	as long as short
Lighter SKY	+0.0096%	1h	0.06845	+0.023%	$179K	$107K	10x	as long as short
Aster SKYUSDT	+0.0100%	4h	0.06847	+0.063%	$42K	$44K	20x	as long as short
Binance SKYUSDT	+0.0100%	4h	0.06846	+0.044%	$15.5M	$11.1M	75x	as long as short
Bybit SKYUSDT	+0.0100%	4h	0.06841	−0.029%	$7.2M	$3.2M	25x	as long as short
OKX SKY-USDT-SWAP	+0.0100%	4h	0.06840	−0.044%	$800K	$1.1M	20x	as long as short
Gate SKY_USDT	+0.0100%	4h	0.06836	−0.102%	$583K	$285K	50x	as long as short
MEXC SKY_USDT	+0.0100%	4h	0.06846	+0.044%	$1.0M	$266K	100x	as long as short
KuCoin SKYUSDTMlong	+0.0100%	4h	0.06843	long leg	$401K	$292K	50x

Show all 18 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget SKYUSDT	+0.0100%	4h	0.06842	−0.015%	$2.8M	$1.4M	75x	as long as short
BingX SKY-USDT	+0.0100%	4h	0.06840	−0.044%	—	$2.4M	—	as long as short
Variational Omni SKY	+0.0100%	4h	0.06827	−0.230%	$183K	$98K	—	as long as short
ApeX Omni SKYUSDT	+0.0100%	1h	0.06851	+0.117%	$26K	$647K	50x	as long as short
Nado SKY-PERP	+0.0100%	1h	0.06839	−0.062%	$71K	$31K	5x	as long as short
Orderly PERP_SKY_USDC_mythosshort	+0.0100%	4h	0.06844	+0.019%	$1K	$3K	10x
Hyperliquid SKY	+0.0245%	1h	0.06858	+0.215%	$2.8M	$874K	3x	as long as short
GMX SKY/USD [ETH-USDC]	L +0.0522% / S −0.0248%	1h	0.06842	−0.009%	$81K	—	50x	as long as short