Funding arb · Price arb /

SKY

all SKY markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: BingX against OKX+0.118%7-day average +0.016% · you sell dearer than you buy

Net, funding: paid 7d − costs−$90as in the Funding arb table

Net, price: spread back to 7d avg − costs−$81as in the Price arb table

costs, in and out, $10k−$910.914% of the position

Long on OKX Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.012%+$1 on $10k

Price spread, last 7 days−0.153%−$15 · spread now +0.118%, 7d avg +0.016%

Together, before fees−0.141%−$14 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: BingX is 0.102% dearer against OKX than usual: you sell high and buy low, +$10 on $10k if it goes back to its 7-day average of +0.016%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX SKY-USDT-SWAP	0.06775	0.0100	pay 0.0050% / 4h	3h 22m	$794K	$1.2M	20x
Short	BingX SKY-USDT	0.06783	0.0100	get 0.0050% / 4h	3h 22m	—	$2.5M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against OKX. 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 OKXbpFee BingXbpOrdersPrice spread, now +0.118%Rate

Funding earned: $0
Price spread: +0.118% → +0.016%: $10.24
Slippage, 4 orders: −$71.4
Fee OKX: 5 bp × 2 orders: −$10
Fee BingX: 5 bp × 2 orders: −$10
Net: −$81.16
Costs to cover: 0.914%
Break-even: never at this rate

Slippage from OKX: live order book, 4 min ago; BingX: live order book, 12 min ago.

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 OKX live order book, 4 min ago	4.45 bp	28.7 bp −$29	897.6 bp −$8,976	doesn't fit	doesn't fit
Sell BingX live order book, 12 min ago	2.95 bp	18.4 bp −$18	48.9 bp −$489	215.8 bp −$21.6K	771.8 bp −$385.9K

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	−0.447%	$180K	$98K	—	as long as short
Bybit SKYUSDT	−0.0003%	4h	0.06779	+0.059%	$7.1M	$3.3M	25x	as long as short
Injective SKY/USDC PERP	+0.0033%	1h	0.06893	+1.742%	$376	$303K	12x	as long as short
Lighter SKY	+0.0096%	1h	0.06782	+0.109%	$179K	$106K	10x	as long as short
Nado SKY-PERP	+0.0100%	1h	0.06780	+0.077%	$67K	$35K	5x	as long as short
Hyperliquid SKY	+0.0100%	1h	0.06791	+0.241%	$2.8M	$923K	3x	as long as short
Aster SKYUSDT	+0.0100%	4h	0.06786	+0.160%	$41K	$45K	20x	as long as short
Binance SKYUSDT	+0.0100%	4h	0.06783	+0.116%	$15.2M	$11.6M	75x	as long as short
OKX SKY-USDT-SWAPlong	+0.0100%	4h	0.06775	long leg	$794K	$1.2M	20x
Gate SKY_USDT	+0.0100%	4h	0.06773	−0.030%	$580K	$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_USDT	+0.0100%	4h	0.06781	+0.089%	$998K	$268K	100x	as long as short
KuCoin SKYUSDTM	+0.0100%	4h	0.06779	+0.059%	$402K	$293K	50x	as long as short
Bitget SKYUSDT	+0.0100%	4h	0.06778	+0.044%	$2.8M	$1.5M	75x	as long as short
BingX SKY-USDTshort	+0.0100%	4h	0.06783	+0.118%	—	$2.5M	—
ApeX Omni SKYUSDT	+0.0100%	1h	0.06756	−0.280%	$34K	$653K	50x	as long as short
Orderly PERP_SKY_USDC_mythos	+0.0100%	4h	0.06783	+0.120%	$1K	$5K	10x	as long as short
BloFin SKY-USDT	+0.0156%	4h	0.06760	−0.221%	$577K	$28K	75x	as long as short
GMX SKY/USD [ETH-USDC]	L +0.0518% / S −0.0248%	1h	0.06783	+0.112%	$80K	—	50x	as long as short