Funding arb · Price arb /

SKY

all SKY markets

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: MEXC against Nado+0.162%7-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 MEXC

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: MEXC is 0.162% dearer against Nado than usual: you sell high and buy low, +$16 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	0.06783	0.0100	pay 0.0012% / 1h	21m 22s	$67K	$35K	5x
Short	MEXC SKY_USDT	0.06794	0.0100	get 0.0050% / 4h	3h 21m	$1.0M	$268K	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now +0.162%Rate

Funding earned: $0
Price spread: +0.162% → 0.000%: $16.22
Slippage, 4 orders: no order book: not counted
Fee Nado: 3.5 bp × 2 orders: −$7
Fee MEXC: 2 bp × 2 orders: −$4
Net: $5.22
Costs to cover: 0.110%
Break-even: from the start

Slippage unknown: Nado: no order-book sample; MEXC: live order book, 8 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 MEXC live order book, 8 min ago	0.74 bp	7.9 bp −$8	50.9 bp −$509	274.6 bp −$27.5K	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	−0.0041%	4h	0.06745	−0.565%	$180K	$98K	—	as long as short
Injective SKY/USDC PERP	+0.0033%	1h	0.06893	+1.622%	$376	$303K	12x	as long as short
Bybit SKYUSDT	+0.0049%	4h	0.06793	+0.147%	$7.1M	$3.3M	25x	as long as short
Lighter SKY	+0.0096%	1h	0.06785	+0.028%	$179K	$106K	10x	as long as short
Nado SKY-PERPlong	+0.0100%	1h	0.06783	long leg	$67K	$35K	5x
Hyperliquid SKY	+0.0100%	1h	0.06800	+0.252%	$2.8M	$924K	3x	as long as short
Aster SKYUSDT	+0.0100%	4h	0.06795	+0.182%	$41K	$45K	20x	as long as short
Binance SKYUSDT	+0.0100%	4h	0.06793	+0.147%	$15.2M	$11.7M	75x	as long as short
OKX SKY-USDT-SWAP	+0.0100%	4h	0.06789	+0.088%	$796K	$1.2M	20x	as long as short
Gate SKY_USDT	+0.0100%	4h	0.06779	−0.059%	$581K	$295K	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_USDTshort	+0.0100%	4h	0.06794	+0.162%	$1.0M	$268K	100x
KuCoin SKYUSDTM	+0.0100%	4h	0.06781	−0.029%	$402K	$293K	50x	as long as short
Bitget SKYUSDT	+0.0100%	4h	0.06785	+0.029%	$2.8M	$1.5M	75x	as long as short
BingX SKY-USDT	+0.0100%	4h	0.06792	+0.133%	—	$2.5M	—	as long as short
ApeX Omni SKYUSDT	+0.0100%	1h	0.06781	−0.029%	$34K	$654K	50x	as long as short
Orderly PERP_SKY_USDC_mythos	+0.0100%	4h	0.06795	+0.181%	$1K	$5K	10x	as long as short
BloFin SKY-USDT	+0.0156%	4h	0.06760	−0.339%	$577K	$28K	75x	as long as short
GMX SKY/USD [ETH-USDC]	L +0.0518% / S −0.0248%	1h	0.06783	−0.006%	$80K	—	50x	as long as short