Funding arb · Price arb /

SKY

all SKY markets

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: Binance against Nado−0.004%58s7-day average — · you buy dearer than you sell

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

Long on Nado Short on Binance

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

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Nado SKY-PERP	0.06902	0.0100	pay 0.0012% / 1h	3m 40s	$73K	$30K	5x
Short	Binance SKYUSDT	0.06902	0.0100	get 0.0050% / 4h	1h 03m	$15.7M	$10.9M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance 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 BinancebpOrdersPrice spread, now −0.004%Rate

Funding earned: $0
Price spread: −0.004% → 0.000%: −$0.36
Slippage, 4 orders: no order book: not counted
Fee Nado: 3.5 bp × 2 orders: −$7
Fee Binance: 5 bp × 2 orders: −$10
Net: −$17.36
Costs to cover: 0.170%
Break-even: 1783764142003831.8 days

Slippage unknown: Nado: no order-book sample; Binance: live order book, 7 min ago. 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 Binance live order book, 7 min ago	0.72 bp	17.3 bp −$17	61.5 bp −$615	316.7 bp −$31.7K	doesn't fit

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	−0.0318%	4h	0.06889	−0.190%	$184K	$115K	—	as long as short
Bybit SKYUSDT	−0.0025%	4h	0.06895	−0.105%	$7.2M	$3.2M	25x	as long as short
Injective SKY/USDC PERP	+0.0033%	1h	0.07172	+3.908%	$392	$303K	12x	as long as short
BloFin SKY-USDT	+0.0057%	4h	0.06898	−0.062%	$586K	$29K	75x	as long as short
Lighter SKY	+0.0096%	1h	0.06901	−0.015%	$180K	$177K	10x	as long as short
Nado SKY-PERPlong	+0.0100%	1h	0.06902	long leg	$73K	$30K	5x
Aster SKYUSDT	+0.0100%	4h	0.06906	+0.061%	$42K	$43K	20x	as long as short
Binance SKYUSDTshort	+0.0100%	4h	0.06902	−0.004%	$15.7M	$10.9M	75x
OKX SKY-USDT-SWAP	+0.0100%	4h	0.06896	−0.091%	$818K	$1.2M	20x	as long as short
Gate SKY_USDT	+0.0100%	4h	0.06901	−0.018%	$599K	$287K	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	0.06903	+0.011%	$1.0M	$273K	100x	as long as short
KuCoin SKYUSDTM	+0.0100%	4h	0.06896	−0.091%	$406K	$292K	50x	as long as short
Bitget SKYUSDT	+0.0100%	4h	0.06907	+0.069%	$2.9M	$1.5M	75x	as long as short
BingX SKY-USDT	+0.0100%	4h	0.06899	−0.047%	—	$2.4M	—	as long as short
ApeX Omni SKYUSDT	+0.0100%	1h	0.06905	+0.040%	$27K	$663K	50x	as long as short
Orderly PERP_SKY_USDC_mythos	+0.0100%	4h	0.06905	+0.040%	$1K	$3K	10x	as long as short
Hyperliquid SKY	+0.0471%	1h	0.06910	+0.114%	$2.8M	$927K	3x	as long as short
GMX SKY/USD [ETH-USDC]	L +0.0523% / S −0.0248%	1h	0.06903	+0.015%	$82K	—	50x	as long as short