Funding arb · Price arb /

SKY

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.004%

Price spread now: Nado against MEXC−0.106%7-day average — · you buy dearer than you sell

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

Long on MEXC 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 0.106% cheaper against MEXC than usual: you would sell low and buy high, −$11 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	MEXC SKY_USDT	0.07076	0.0100	pay 0.0050% / 4h	39m 15s	$1.1M	$285K	100x
Short	Nado SKY-PERP	0.07068	0.0100	get 0.0012% / 1h	39m 15s	$70K	$25K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado 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 NadobpOrdersPrice spread, now −0.106%Rate

Funding earned: $0
Price spread: −0.106% → 0.000%: −$10.6
Slippage, 4 orders: no order book: not counted
Fee MEXC: 2 bp × 2 orders: −$4
Fee Nado: 3.5 bp × 2 orders: −$7
Net: −$21.6
Costs to cover: 0.110%
Break-even: never at this rate

Slippage unknown: MEXC: live order book, 2 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 MEXC live order book, 2 min ago	1.41 bp	13.8 bp −$14	75.7 bp −$757	279.2 bp −$27.9K	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
Variational Omni SKY	−0.0607%	4h	0.07076	−0.005%	$195K	$104K	—	as long as short
Bybit SKYUSDT	−0.0244%	4h	0.07066	−0.141%	$7.6M	$3.4M	25x	as long as short
Lighter SKY	+0.0096%	1h	0.07078	+0.023%	$185K	$155K	10x	as long as short
Nado SKY-PERPshort	+0.0100%	1h	0.07068	−0.106%	$70K	$25K	5x
Aster SKYUSDT	+0.0100%	4h	0.07081	+0.072%	$43K	$43K	20x	as long as short
Binance SKYUSDT	+0.0100%	4h	0.07075	−0.014%	$16.1M	$10.4M	75x	as long as short
OKX SKY-USDT-SWAP	+0.0100%	4h	0.07071	−0.071%	$850K	$1.3M	20x	as long as short
Gate SKY_USDT	+0.0100%	4h	0.07079	+0.042%	$604K	$255K	50x	as long as short
MEXC SKY_USDTlong	+0.0100%	4h	0.07076	long leg	$1.1M	$285K	100x
KuCoin SKYUSDTM	+0.0100%	4h	0.07079	+0.042%	$424K	$290K	50x	as long as short

Show all 18 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget SKYUSDT	+0.0100%	4h	0.07077	+0.014%	$2.9M	$2.0M	75x	as long as short
BingX SKY-USDT	+0.0100%	4h	0.07072	−0.057%	—	$2.4M	—	as long as short
ApeX Omni SKYUSDT	+0.0100%	1h	0.07094	+0.254%	$20K	$681K	50x	as long as short
Orderly PERP_SKY_USDC_mythos	+0.0100%	4h	0.07076	+0.007%	$1K	$2K	10x	as long as short
BloFin SKY-USDT	+0.0150%	4h	0.07073	−0.042%	$592K	$29K	75x	as long as short
Injective SKY/USDC PERP	+0.0158%	1h	0.07172	+1.357%	$392	$303K	12x	as long as short
Hyperliquid SKY	+0.0167%	1h	0.07088	+0.170%	$3.0M	$902K	3x	as long as short
GMX SKY/USD [ETH-USDC]	L +0.0527% / S −0.0248%	1h	0.07076	−0.003%	$84K	—	50x	as long as short