Settings8H · net · $10k
Funding arb · Price arb /

SKY

all SKY markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC+0.0201%/8h= +22.1% APRnext payment +$1.01 per $10,000 · paid last 24h +0.071%
Price spread now: BloFin against Variational Omni+0.238%101s7-day average +0.113% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)+0.076%+$8 on $10k
Price spread, last 4 days (all we have)−0.224%−$22 · spread now +0.238%, 7d avg +0.113%
Together, before fees−0.148%+ Points / potential airdropVariational Omni: Active · farm board−$15 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$6 a day on $10k at the current rate, and BloFin is 0.125% dearer against Variational Omni than usual: you sell high and buy low: +$13 more if the spread goes back to its 7-day average of +0.113%. The two prices were read 101 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongVariational Omni SKY0.06841−0.0096get 0.0048% / 4h3h 25m$183K$113K
ShortBloFin SKY-USDT0.068570.0105get 0.0053% / 4h3h 25m$581K$29K75x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

BloFin against Variational Omni. 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

Funding earned
$42.31
Price spread: +0.238% → +0.113%
$12.51
Slippage, 4 orders
no order book: not counted
Fee Variational Omni: 0 bp × 2 orders
$0
Fee BloFin: 6 bp × 2 orders
−$12
Net
$42.82
Costs to cover
0.120%
Break-even
from the start
Slippage unknown: Variational Omni: RFQ quote, 28 min ago; BloFin: live order book, 6 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Variational Omni RFQ quote, 28 min ago5.83 bpdoesn't fit279.8 bp −$2,798doesn't fitdoesn't fit
Sell BloFin live order book, 6 min ago0.73 bp26.5 bp −$2652.6 bp −$526doesn't fitdoesn't fit

SKY on 18 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Injective SKY/USDC PERP−0.0269%1h0.06893+0.764%$376$303K12xas long as short
Variational Omni SKYlong−0.0096%4h0.06841long leg$183K$113K
Lighter SKY+0.0096%1h0.06850+0.141%$179K$139K10xas long as short
Nado SKY-PERP+0.0100%1h0.06846+0.084%$75K$32K5xas long as short
Aster SKYUSDT+0.0100%4h0.06854+0.190%$41K$42K20xas long as short
Binance SKYUSDT+0.0100%4h0.06852+0.165%$15.6M$11.0M75xas long as short
Bybit SKYUSDT+0.0100%4h0.06843+0.033%$7.2M$3.2M25xas long as short
OKX SKY-USDT-SWAP+0.0100%4h0.06848+0.106%$818K$1.1M20xas long as short
Gate SKY_USDT+0.0100%4h0.06846+0.077%$593K$270K50xas long as short
MEXC SKY_USDT+0.0100%4h0.06852+0.165%$1.0M$265K100xas long as short
Show all 18 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
KuCoin SKYUSDTM+0.0100%4h0.06855+0.209%$403K$291K50xas long as short
Bitget SKYUSDT+0.0100%4h0.06849+0.121%$2.8M$1.5M75xas long as short
BingX SKY-USDT+0.0100%4h0.06849+0.121%$2.4Mas long as short
ApeX Omni SKYUSDT+0.0100%1h0.06874+0.486%$27K$652K50xas long as short
Orderly PERP_SKY_USDC_mythos+0.0100%4h0.06850+0.133%$1K$3K10xas long as short
BloFin SKY-USDTshort+0.0105%4h0.06857+0.238%$581K$29K75x
Hyperliquid SKY+0.0241%1h0.06863+0.320%$2.8M$910K3xas long as short
GMX SKY/USD [ETH-USDC]L +0.0521% / S −0.0248%1h0.06849+0.118%$81K50xas long as short