Funding arb · Price arb /

SKY

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.002%

Price spread now: BingX against Nado−0.055%7-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 BingX

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: BingX is 0.055% cheaper against Nado than usual: you would sell low and buy high, −$5 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	Nado SKY-PERP	0.06853	0.0100	pay 0.0012% / 1h	16m 31s	$73K	$30K	5x
Short	BingX SKY-USDT	0.06849	0.0100	get 0.0050% / 4h	16m 31s	—	$2.4M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX 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 BingXbpOrdersPrice spread, now −0.055%Rate

Funding earned: $0
Price spread: −0.055% → 0.000%: −$5.47
Slippage, 4 orders: no order book: not counted
Fee Nado: 3.5 bp × 2 orders: −$7
Fee BingX: 5 bp × 2 orders: −$10
Net: −$22.47
Costs to cover: 0.170%
Break-even: 150408002505151.7 days

Slippage unknown: Nado: no order-book sample; BingX: live order book, 3 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 BingX live order book, 3 min ago	2.92 bp	17.4 bp −$17	56.5 bp −$565	241.8 bp −$24.2K	711.0 bp −$355.5K

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	−0.0166%	4h	0.06860	+0.102%	$183K	$113K	—	as long as short
Injective SKY/USDC PERP	+0.0033%	1h	0.06893	+0.587%	$376	$303K	12x	as long as short
Bybit SKYUSDT	+0.0093%	4h	0.06846	−0.099%	$7.2M	$3.2M	25x	as long as short
Lighter SKY	+0.0096%	1h	0.06854	+0.017%	$179K	$177K	10x	as long as short
Nado SKY-PERPlong	+0.0100%	1h	0.06853	long leg	$73K	$30K	5x
Aster SKYUSDT	+0.0100%	4h	0.06856	+0.047%	$41K	$42K	20x	as long as short
Binance SKYUSDT	+0.0100%	4h	0.06855	+0.033%	$15.6M	$11.0M	75x	as long as short
OKX SKY-USDT-SWAP	+0.0100%	4h	0.06849	−0.055%	$817K	$1.2M	20x	as long as short
Gate SKY_USDT	+0.0100%	4h	0.06853	+0.004%	$594K	$272K	50x	as long as short
MEXC SKY_USDT	+0.0100%	4h	0.06855	+0.033%	$1.0M	$265K	100x	as long as short

Show all 18 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin SKYUSDTM	+0.0100%	4h	0.06861	+0.120%	$404K	$291K	50x	as long as short
Bitget SKYUSDT	+0.0100%	4h	0.06850	−0.040%	$2.8M	$1.5M	75x	as long as short
BingX SKY-USDTshort	+0.0100%	4h	0.06849	−0.055%	—	$2.4M	—
ApeX Omni SKYUSDT	+0.0100%	1h	0.06867	+0.208%	$27K	$660K	50x	as long as short
Orderly PERP_SKY_USDC_mythos	+0.0100%	4h	0.06857	+0.069%	$1K	$3K	10x	as long as short
BloFin SKY-USDT	+0.0156%	4h	0.06863	+0.150%	$585K	$29K	75x	as long as short
Hyperliquid SKY	+0.0312%	1h	0.06864	+0.167%	$2.8M	$912K	3x	as long as short
GMX SKY/USD [ETH-USDC]	L +0.0521% / S −0.0248%	1h	0.06856	+0.046%	$81K	—	50x	as long as short