Funding arb · Price arb /

SKY

all SKY markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0065%/8h= +7.1% APRpaid last 24h +0.004%

Price spread now: Orderly against Nado+0.045%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 Orderly

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

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Orderly is 0.045% dearer against Nado than usual: you sell high and buy low: +$4 more if the spread 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	0.07171	0.0035	pay 0.0004% / 1h	47m 54s	$71K	$25K	5x
Short	Orderly PERP_SKY_USDC_mythos	0.07174	0.0100	get 0.0050% / 4h	1h 47m	$696	$2K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly 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 OrderlybpOrdersPrice spread, now +0.045%Rate

Funding earned: $13.68
Price spread: +0.045% → 0.000%: $4.46
Slippage, 4 orders: no order book: not counted
Fee Nado: 3.5 bp × 2 orders: −$7
Fee Orderly: 3 bp × 2 orders: −$6
Net: $5.14
Costs to cover: 0.130%
Break-even: 4.4 days

Slippage unknown: Nado: no order-book sample; Orderly: 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 Orderly no order-book sample	—	—	—	—	—

Nado and Orderly: 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	−0.0493%	4h	0.07181	+0.145%	$198K	$104K	—	as long as short
Bybit SKYUSDT	−0.0122%	4h	0.07163	−0.112%	$7.8M	$3.3M	25x	as long as short
Injective SKY/USDC PERP	+0.0014%	1h	0.07197	+0.363%	$393	$260K	12x	as long as short
Nado SKY-PERPlong	+0.0035%	1h	0.07171	long leg	$71K	$25K	5x
BloFin SKY-USDT	+0.0043%	4h	0.07192	+0.293%	$606K	$321K	75x	as long as short
Lighter SKY	+0.0096%	1h	0.07175	+0.060%	$188K	$163K	10x	as long as short
Aster SKYUSDT	+0.0100%	4h	0.07178	+0.092%	$43K	$36K	20x	as long as short
Binance SKYUSDT	+0.0100%	4h	0.07177	+0.090%	$16.5M	$9.5M	75x	as long as short
OKX SKY-USDT-SWAP	+0.0100%	4h	0.07168	−0.042%	$860K	$1.3M	20x	as long as short
Gate SKY_USDT	+0.0100%	4h	0.07175	+0.056%	$616K	$252K	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	0.07175	+0.056%	$1.1M	$280K	100x	as long as short
KuCoin SKYUSDTM	+0.0100%	4h	0.07168	−0.042%	$441K	$279K	50x	as long as short
Bitget SKYUSDT	+0.0100%	4h	0.07176	+0.070%	$3.0M	$2.0M	75x	as long as short
BingX SKY-USDT	+0.0100%	4h	0.07169	−0.028%	—	$2.4M	—	as long as short
ApeX Omni SKYUSDT	+0.0100%	1h	0.07197	+0.363%	$20K	$687K	50x	as long as short
Orderly PERP_SKY_USDC_mythosshort	+0.0100%	4h	0.07174	+0.045%	$696	$2K	10x
Hyperliquid SKY	+0.0377%	1h	0.07182	+0.159%	$3.0M	$906K	3x	as long as short
GMX SKY/USD [ETH-USDC]	L +0.0533% / S −0.0248%	1h	0.07176	+0.074%	$85K	—	50x	as long as short