Funding arb · Price arb /

SKY

all SKY markets

Swap Backtest

Alert: funding

Alert: spread

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

Price spread now: Bitget against OKX+0.097%7-day average −0.004% · you sell dearer than you buy

Net, funding: paid 7d − costs−$98as in the Funding arb table

Net, price: spread back to 7d avg − costs−$89as in the Price arb table

costs, in and out, $10k−$990.994% of the position

Long on OKX Short on Bitget

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−0.092%−$9 · spread now +0.097%, 7d avg −0.004%

Together, before fees−0.080%−$8 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: Bitget 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 −0.004%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX SKY-USDT-SWAP	0.07195	0.0100	pay 0.0050% / 4h	2h 07m	$870K	$1.3M	20x
Short	Bitget SKYUSDT	0.07202	0.0100	get 0.0050% / 4h	2h 07m	$3.0M	$2.0M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now +0.097%Rate

Funding earned: $0
Price spread: +0.097% → −0.004%: $10.17
Slippage, 4 orders: −$77.38
Fee OKX: 5 bp × 2 orders: −$10
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$89.21
Costs to cover: 0.994%
Break-even: never at this rate

Slippage from OKX: live order book, 4 min ago; Bitget: live order book, just now.

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	2.08 bp	28.7 bp −$29	doesn't fit	doesn't fit	doesn't fit
Sell Bitget live order book, just now	4.86 bp	21.8 bp −$22	58.9 bp −$589	doesn't fit	doesn't fit

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	−0.0539%	4h	0.07191	−0.058%	$207K	$94K	—	as long as short
Bybit SKYUSDT	−0.0097%	4h	0.07192	−0.042%	$7.9M	$3.4M	25x	as long as short
Injective SKY/USDC PERP	+0.0033%	1h	0.07199	+0.056%	$393	$222K	12x	as long as short
BloFin SKY-USDT	+0.0075%	4h	0.07199	+0.056%	$607K	$609K	75x	as long as short
Lighter SKY	+0.0096%	1h	0.07201	+0.090%	$189K	$163K	10x	as long as short
Nado SKY-PERP	+0.0100%	1h	0.07200	+0.073%	$71K	$26K	5x	as long as short
Aster SKYUSDT	+0.0100%	4h	0.07205	+0.137%	$43K	$36K	20x	as long as short
Binance SKYUSDT	+0.0100%	4h	0.07200	+0.066%	$16.6M	$9.5M	75x	as long as short
OKX SKY-USDT-SWAPlong	+0.0100%	4h	0.07195	long leg	$870K	$1.3M	20x
Gate SKY_USDT	+0.0100%	4h	0.07195	0.000%	$618K	$254K	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	0.07200	+0.069%	$1.1M	$284K	100x	as long as short
KuCoin SKYUSDTM	+0.0100%	4h	0.07204	+0.125%	$443K	$287K	50x	as long as short
Bitget SKYUSDTshort	+0.0100%	4h	0.07202	+0.097%	$3.0M	$2.0M	75x
BingX SKY-USDT	+0.0100%	4h	0.07196	+0.014%	—	$2.4M	—	as long as short
ApeX Omni SKYUSDT	+0.0100%	1h	0.07209	+0.195%	$20K	$688K	50x	as long as short
Orderly PERP_SKY_USDC_mythos	+0.0100%	4h	0.07203	+0.117%	$699	$2K	10x	as long as short
Hyperliquid SKY	+0.0370%	1h	0.07205	+0.146%	$3.0M	$901K	3x	as long as short
GMX SKY/USD [ETH-USDC]	L +0.0534% / S −0.0248%	1h	0.07200	+0.069%	$85K	—	50x	as long as short