Funding arb · Price arb /

SKY

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.002%

Price spread now: Bitget against Nado−0.029%52s7-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 Bitget

What this pair did over the last

the charts below follow

Funding, last 4 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: Bitget is 0.029% cheaper against Nado than usual: you would sell low and buy high, −$3 on $10k if it goes back to zero (this spread has no 7-day history yet). The two prices were read 52 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	0.06792	0.0100	pay 0.0013% / 1h	35m 43s	$67K	$35K	5x
Short	Bitget SKYUSDT	0.06790	0.0100	get 0.0050% / 4h	3h 35m	$2.8M	$1.5M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now −0.029%Rate

Funding earned: $0
Price spread: −0.029% → 0.000%: −$2.94
Slippage, 4 orders: no order book: not counted
Fee Nado: 3.5 bp × 2 orders: −$7
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$21.94
Costs to cover: 0.190%
Break-even: never at this rate

Slippage unknown: Nado: no order-book sample; Bitget: live order book, 2 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 Bitget live order book, 2 min ago	5.89 bp	15.4 bp −$15	47.2 bp −$472	doesn't fit	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
Bybit SKYUSDT	−0.0142%	4h	0.06789	−0.044%	$7.1M	$3.3M	25x	as long as short
Variational Omni SKY	+0.0004%	4h	0.06790	−0.024%	$181K	$98K	—	as long as short
Injective SKY/USDC PERP	+0.0033%	1h	0.06893	+1.487%	$376	$303K	12x	as long as short
BloFin SKY-USDT	+0.0057%	4h	0.06810	+0.265%	$576K	$28K	75x	as long as short
ApeX Omni SKYUSDT	+0.0090%	1h	0.06822	+0.442%	$34K	$653K	50x	as long as short
Lighter SKY	+0.0096%	1h	0.06791	−0.012%	$178K	$105K	10x	as long as short
Hyperliquid SKY	+0.0100%	1h	0.06802	+0.149%	$2.8M	$891K	3x	as long as short
Aster SKYUSDT	+0.0100%	4h	0.06797	+0.079%	$42K	$45K	20x	as long as short
Binance SKYUSDT	+0.0100%	4h	0.06792	−0.004%	$15.3M	$11.5M	75x	as long as short
OKX SKY-USDT-SWAP	+0.0100%	4h	0.06781	−0.162%	$794K	$1.2M	20x	as long as short

Show all 18 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate SKY_USDT	+0.0100%	4h	0.06799	+0.103%	$581K	$293K	50x	as long as short
MEXC SKY_USDT	+0.0100%	4h	0.06792	0.000%	$1.0M	$267K	100x	as long as short
KuCoin SKYUSDTM	+0.0100%	4h	0.06798	+0.088%	$402K	$293K	50x	as long as short
Bitget SKYUSDTshort	+0.0100%	4h	0.06790	−0.029%	$2.8M	$1.5M	75x
BingX SKY-USDT	+0.0100%	4h	0.06790	−0.029%	—	$2.5M	—	as long as short
Nado SKY-PERPlong	+0.0100%	1h	0.06792	long leg	$67K	$35K	5x
Orderly PERP_SKY_USDC_mythos	+0.0100%	4h	0.06794	+0.025%	$1K	$5K	10x	as long as short
GMX SKY/USD [ETH-USDC]	L +0.0519% / S −0.0248%	1h	0.06795	+0.047%	$81K	—	50x	as long as short