Funding arb · Price arb /

SKY

all SKY markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: BingX against MEXC−0.104%7-day average −0.037% · you buy dearer than you sell

Net, funding: paid 7d − costs−$58as in the Funding arb table

Net, price: spread back to 7d avg − costs−$65as in the Price arb table

costs, in and out, $10k−$580.583% of the position

Long on MEXC Short on BingX

What this pair did over the last

the charts below follow

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

Price spread, last 7 days+0.099%+$10 · spread now −0.104%, 7d avg −0.037%

Together, before fees+0.099%+$10 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: BingX is 0.067% cheaper against MEXC than usual: you would sell low and buy high, −$7 on $10k if it goes back to its 7-day average of −0.037%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC SKY_USDT	0.06700	0.0100	pay 0.0050% / 4h	1h 06m	$1.1M	$278K	100x
Short	BingX SKY-USDT	0.06693	0.0100	get 0.0050% / 4h	1h 06m	—	$2.5M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against MEXC. 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 MEXCbpFee BingXbpOrdersPrice spread, now −0.104%Rate

Funding earned: $0
Price spread: −0.104% → −0.037%: −$6.7
Slippage, 4 orders: −$44.29
Fee MEXC: 2 bp × 2 orders: −$4
Fee BingX: 5 bp × 2 orders: −$10
Net: −$64.99
Costs to cover: 0.583%
Break-even: never at this rate

Slippage from MEXC: live order book, 3 min ago; BingX: live order book, 7 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 MEXC live order book, 3 min ago	0.75 bp	6.3 bp −$6	35.9 bp −$359	270.4 bp −$27.0K	doesn't fit
Sell BingX live order book, 7 min ago	2.98 bp	23.1 bp −$23	65.9 bp −$659	281.8 bp −$28.2K	855.9 bp −$428.0K

SKY on 18 exchanges

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	−0.0373%	4h	0.06685	−0.226%	$179K	$83K	—	as long as short
Bybit SKYUSDT	−0.0148%	4h	0.06700	0.000%	$6.9M	$3.2M	25x	as long as short
Injective SKY/USDC PERP	+0.0033%	1h	0.06729	+0.433%	$367	$303K	12x	as long as short
BloFin SKY-USDT	+0.0075%	4h	0.06698	−0.030%	$570K	$32K	75x	as long as short
Nado SKY-PERP	+0.0076%	1h	0.06692	−0.123%	$67K	$35K	5x	as long as short
Lighter SKY	+0.0096%	1h	0.06693	−0.106%	$176K	$101K	10x	as long as short
Hyperliquid SKY	+0.0100%	1h	0.06705	+0.081%	$2.8M	$770K	3x	as long as short
Aster SKYUSDT	+0.0100%	4h	0.06695	−0.081%	$41K	$37K	20x	as long as short
Binance SKYUSDT	+0.0100%	4h	0.06701	+0.012%	$14.9M	$10.7M	75x	as long as short
OKX SKY-USDT-SWAP	+0.0100%	4h	0.06692	−0.119%	$782K	$1.0M	20x	as long as short

Show all 18 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate SKY_USDT	+0.0100%	4h	0.06688	−0.179%	$567K	$263K	50x	as long as short
MEXC SKY_USDTlong	+0.0100%	4h	0.06700	long leg	$1.1M	$278K	100x
KuCoin SKYUSDTM	+0.0100%	4h	0.06704	+0.060%	$391K	$43K	50x	as long as short
Bitget SKYUSDT	+0.0100%	4h	0.06703	+0.045%	$2.7M	$1.3M	75x	as long as short
BingX SKY-USDTshort	+0.0100%	4h	0.06693	−0.104%	—	$2.5M	—
ApeX Omni SKYUSDT	+0.0100%	1h	0.06694	−0.090%	$34K	$650K	50x	as long as short
Orderly PERP_SKY_USDC_mythos	+0.0100%	4h	0.06695	−0.078%	$1K	$4K	10x	as long as short
GMX SKY/USD [ETH-USDC]	L +0.0513% / S −0.0248%	1h	0.06698	−0.036%	$79K	—	50x	as long as short