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 Orderly−0.004%7-day average — · you buy dearer than you sell

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

Long on Orderly Short on Bitget

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—needs both histories

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Orderly PERP_SKY_USDC_mythos	0.07206	0.0100	pay 0.0050% / 4h	2h 09m	$699	$2K	10x
Short	Bitget SKYUSDT	0.07206	0.0100	get 0.0050% / 4h	2h 09m	$3.0M	$2.0M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now −0.004%Rate

Funding earned: $0
Price spread: −0.004% → 0.000%: −$0.42
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$18.42
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: Orderly: no order-book sample; Bitget: 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 Orderly no order-book sample	—	—	—	—	—
Sell Bitget live order book, 8 min ago	6.25 bp	20.7 bp −$21	58.0 bp −$580	doesn't fit	doesn't fit

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	−0.0539%	4h	0.07191	−0.215%	$207K	$94K	—	as long as short
Bybit SKYUSDT	−0.0123%	4h	0.07192	−0.198%	$7.9M	$3.3M	25x	as long as short
Injective SKY/USDC PERP	+0.0033%	1h	0.07199	−0.101%	$393	$222K	12x	as long as short
BloFin SKY-USDT	+0.0077%	4h	0.07197	−0.129%	$608K	$609K	75x	as long as short
Lighter SKY	+0.0096%	1h	0.07204	−0.033%	$189K	$163K	10x	as long as short
Nado SKY-PERP	+0.0100%	1h	0.07204	−0.039%	$71K	$26K	5x	as long as short
Aster SKYUSDT	+0.0100%	4h	0.07209	+0.032%	$43K	$36K	20x	as long as short
Binance SKYUSDT	+0.0100%	4h	0.07203	−0.040%	$16.6M	$9.5M	75x	as long as short
OKX SKY-USDT-SWAP	+0.0100%	4h	0.07188	−0.254%	$869K	$1.3M	20x	as long as short
Gate SKY_USDT	+0.0100%	4h	0.07195	−0.157%	$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	0.07203	−0.046%	$1.1M	$284K	100x	as long as short
KuCoin SKYUSDTM	+0.0100%	4h	0.07185	−0.296%	$442K	$287K	50x	as long as short
Bitget SKYUSDTshort	+0.0100%	4h	0.07206	−0.004%	$3.0M	$2.0M	75x
BingX SKY-USDT	+0.0100%	4h	0.07197	−0.129%	—	$2.4M	—	as long as short
ApeX Omni SKYUSDT	+0.0100%	1h	0.07210	+0.051%	$20K	$686K	50x	as long as short
Orderly PERP_SKY_USDC_mythoslong	+0.0100%	4h	0.07206	long leg	$699	$2K	10x
Hyperliquid SKY	+0.0376%	1h	0.07216	+0.132%	$3.0M	$885K	3x	as long as short
GMX SKY/USD [ETH-USDC]	L +0.0534% / S −0.0248%	1h	0.07205	−0.024%	$85K	—	50x	as long as short