Funding arb · Price arb /

SKY

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.002%

Price spread now: Aster against Nado+0.051%48s7-day average — · you sell dearer than you buy

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

Long on Nado Short on Aster

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 · Aster: Stage 5 · farm boardneeds both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Aster is 0.051% dearer against Nado than usual: you sell high and buy low, +$5 on $10k if it goes back to zero (this spread has no 7-day history yet). The two prices were read 48 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Nado SKY-PERP	0.06920	0.0100	pay 0.0012% / 1h	57m 40s	$69K	$28K	5x
Short	Aster SKYUSDT	0.06923	0.0100	get 0.0050% / 4h	1h 57m	$42K	$43K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Nado. 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 NadobpFee AsterbpOrdersPrice spread, now +0.051%Rate

Funding earned: $0
Price spread: +0.051% → 0.000%: $5.1
Slippage, 4 orders: no order book: not counted
Fee Nado: 3.5 bp × 2 orders: −$7
Fee Aster: 4 bp × 2 orders: −$8
Net: −$9.9
Costs to cover: 0.150%
Break-even: 66242582099629.9 days

Slippage unknown: Nado: no order-book sample; Aster: 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 Nado no order-book sample	—	—	—	—	—
Sell Aster no order-book sample	—	—	—	—	—

Nado and Aster: 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 17 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	−0.0412%	4h	0.06912	−0.108%	$184K	$126K	—	as long as short
Bybit SKYUSDT	−0.0040%	4h	0.06912	−0.112%	$7.3M	$3.3M	25x	as long as short
Injective SKY/USDC PERP	+0.0033%	1h	0.07172	+3.645%	$392	$303K	12x	as long as short
Lighter SKY	+0.0096%	1h	0.06916	−0.050%	$180K	$177K	10x	as long as short
Nado SKY-PERPlong	+0.0100%	1h	0.06920	long leg	$69K	$28K	5x
Aster SKYUSDTshort	+0.0100%	4h	0.06923	+0.051%	$42K	$43K	20x
Binance SKYUSDT	+0.0100%	4h	0.06918	−0.025%	$15.8M	$11.1M	75x	as long as short
OKX SKY-USDT-SWAP	+0.0100%	4h	0.06916	−0.054%	$826K	$1.2M	20x	as long as short
Gate SKY_USDT	+0.0100%	4h	0.06920	+0.004%	$594K	$275K	50x	as long as short
MEXC SKY_USDT	+0.0100%	4h	0.06917	−0.040%	$1.0M	$267K	100x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin SKYUSDTM	+0.0100%	4h	0.06924	+0.061%	$412K	$294K	50x	as long as short
Bitget SKYUSDT	+0.0100%	4h	0.06921	+0.018%	$2.9M	$1.6M	75x	as long as short
BingX SKY-USDT	+0.0100%	4h	0.06920	+0.004%	—	$2.4M	—	as long as short
ApeX Omni SKYUSDT	+0.0100%	1h	0.06923	+0.047%	$28K	$666K	50x	as long as short
Orderly PERP_SKY_USDC_mythos	+0.0100%	4h	0.06925	+0.072%	$1K	$3K	10x	as long as short
GMX SKY/USD [ETH-USDC]	L +0.0523% / S −0.0248%	1h	0.06924	+0.057%	$82K	—	50x	as long as short
Hyperliquid SKY	+0.1156%	1h	0.06935	+0.223%	$2.9M	$938K	3x	as long as short