Funding arb · Price arb /

SKY

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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: Aster against Orderly+0.041%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Orderly Short on Aster

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropAster: Stage 5 · farm boardneeds both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Aster is 0.041% dearer against Orderly than usual: you sell high and buy low, +$4 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	Orderly PERP_SKY_USDC_mythos	0.07205	0.0100	pay 0.0050% / 4h	2h 09m	$699	$2K	10x
Short	Aster SKYUSDT	0.07208	0.0100	get 0.0050% / 4h	2h 09m	$43K	$36K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Orderly. 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 OrderlybpFee AsterbpOrdersPrice spread, now +0.041%Rate

Funding earned: $0
Price spread: +0.041% → 0.000%: $4.07
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee Aster: 4 bp × 2 orders: −$8
Net: −$9.93
Costs to cover: 0.140%
Break-even: never at this rate

Slippage unknown: Orderly: no order-book sample; Aster: 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 Orderly no order-book sample	—	—	—	—	—
Sell Aster no order-book sample	—	—	—	—	—

Orderly and Aster: 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	−0.0539%	4h	0.07191	−0.204%	$207K	$94K	—	as long as short
Bybit SKYUSDT	−0.0115%	4h	0.07193	−0.173%	$7.9M	$3.3M	25x	as long as short
Injective SKY/USDC PERP	+0.0033%	1h	0.07199	−0.090%	$393	$222K	12x	as long as short
Lighter SKY	+0.0096%	1h	0.07204	−0.021%	$189K	$163K	10x	as long as short
Nado SKY-PERP	+0.0100%	1h	0.07204	−0.028%	$71K	$26K	5x	as long as short
Aster SKYUSDTshort	+0.0100%	4h	0.07208	+0.041%	$43K	$36K	20x
Binance SKYUSDT	+0.0100%	4h	0.07203	−0.031%	$16.6M	$9.5M	75x	as long as short
OKX SKY-USDT-SWAP	+0.0100%	4h	0.07188	−0.243%	$869K	$1.3M	20x	as long as short
Gate SKY_USDT	+0.0100%	4h	0.07195	−0.146%	$618K	$254K	50x	as long as short
MEXC SKY_USDT	+0.0100%	4h	0.07203	−0.035%	$1.1M	$284K	100x	as long as short

Show all 18 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin SKYUSDTM	+0.0100%	4h	0.07183	−0.312%	$442K	$287K	50x	as long as short
Bitget SKYUSDT	+0.0100%	4h	0.07206	+0.007%	$3.0M	$2.0M	75x	as long as short
BingX SKY-USDT	+0.0100%	4h	0.07197	−0.118%	—	$2.4M	—	as long as short
ApeX Omni SKYUSDT	+0.0100%	1h	0.07209	+0.049%	$20K	$688K	50x	as long as short
Orderly PERP_SKY_USDC_mythoslong	+0.0100%	4h	0.07205	long leg	$699	$2K	10x
BloFin SKY-USDT	+0.0113%	4h	0.07205	−0.007%	$608K	$610K	75x	as long as short
Hyperliquid SKY	+0.0377%	1h	0.07216	+0.143%	$3.0M	$885K	3x	as long as short
GMX SKY/USD [ETH-USDC]	L +0.0534% / S −0.0248%	1h	0.07203	−0.029%	$85K	—	50x	as long as short